Inferra AI / Company / LOPE
Grand Canyon Education, Inc.
LOPE · Industrials
Last earnings Jul 30, 2026
Key results
Revenuequarter
10.3%
The increase year over year in service revenue was primarily due to an increase in partner enrollments of 10.3% to 117,283 at June 30, 2025 as compared to 106,307 at June 30, 2024.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As adjusted net incomequarter
$43.2 million
As adjusted net income was $43.2 million and $37.3 million for the second quarters of 2025 and 2024, respectively.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Diluted net incomequarter
$1.48
Diluted net income per share was $1.48 and $1.19 for the second quarters of 2025 and 2024, respectively.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Net incomequarter
$1.53
As adjusted diluted net income per share was $1.53 and $1.27 for the second quarters of 2025 and 2024, respectively.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
revenue of $1.5 million as compared to the current 2 year and contract modifications for some of our university partners in which the revenue share percentage was reduced in exchange for us no longer reimbursing these partners for certain faculty costs
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
revenue of $1.5 million as compared to the current year .
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As adjusted net income was $116.5 million and $107.0 million for the six months ended June 30, 2025 and 2024, respectively.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Diluted net income per share was $4.00 and $3.48 for the six months ended June 30, 2025 and 2024, respectively.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 10.3% | — | — |
| As adjusted net income | $43.2 million | — | — |
| Diluted net income | $1.48 | — | — |
| Net income | $1.53 | — | — |
Guidance · company-stated
No guidance located in the held release
“Operating margin of between 36.9% and 37.4%”
Capital allocation
Liquidity and Capital Resources Our liquidity position, as measured by cash and cash equivalents and investments increased by $49.3 million between December 31, 2024 and June 30, 2025, which was largely attributable to cash provided by operations exceeding our share repurchases and capital expenditures during the six months ended June 30, 2025.
Adjusted EBITDA has limitations as an analytical tool in that, among other things, it does not reflect: cash expenditures for capital expenditures or contractual commitments; changes in, or cash requirements for, our working capital requirements; interest expense, or the cash required to replace assets that are being depreciated or amortized; and the impact on our reported results of earnings or charges resulting from the items for which we make adjustments to our EBITDA, as described above and set forth in the table below.
Event summary
REPORTS SECOND QUARTER 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Liquidity and Capital Resources Our liquidity position, as measured by cash and cash equivalents and investments increased by $49.3 million between December 31, 2024 and June 30, 2025, which was largely attributable to cash provided by operations exceeding our share repurchases and capital expenditures during the six months ended June 30, 2025.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted EBITDA has limitations as an analytical tool in that, among other things, it does not reflect: cash expenditures for capital expenditures or contractual commitments; changes in, or cash requirements for, our working capital requirements; interest expense, or the cash required to replace assets that are being depreciated or amortized; and the impact on our reported results of earnings or charges resulting from the items for which we make adjustments to our EBITDA, as described above and set forth in the table below.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Amortization of premiums, accretion of discounts, interest and dividend income and realized gains and losses are included in interest and other income.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
The Company uses its incremental borrowing rate based on the information available at the commencement to determine the present value of lease payments over the lease term.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Bad debt expense is recorded as a technology and academic services expense in the consolidated income statements.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
The Company estimates the lifetime expected credit losses for all available-for-sale debt securities in an unrealized loss position.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Strategy & priorities
Forward-Looking Statements This news release contains forward-looking statements within the meaning of Federal securities laws which includes information relating to future events, future financial performance, strategies expectations, competitive environment, regulation, and availability of resources.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
GCE provides services that support students, faculty and staff of partner institutions such as marketing, strategic enrollment management, counseling services, financial services, technology, technical support, compliance, human resources, classroom operations, content development, faculty recruitment and training, among others.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The basis for fair value measurements for each level is described below, with Level 1 having the highest priority.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Notes to Consolidated Financial Statements (In thousands, except per share data) Marketing and Communication Marketing and communication include lead acquisition, digital communication strategies, brand identity advertising, media planning and strategy, video, data science and analysis, marketing to potential students and other promotional and communication services.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Risks & headwinds
Forward-looking statements are based on information available at the time those statements are made or management s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted EBITDA (Non-GAAP Financial Measure) Adjusted EBITDA is defined as net income plus interest expense, less interest income and other gain (loss) recognized on investments, plus income tax expense, and plus depreciation and amortization (EBITDA), as adjusted for (i) contributions to private Arizona school tuition organizations in lieu of the payment of state income taxes; (ii) share-based compensation; and (iii) unusual charges or gains, such as litigation and regulatory reserves, impairment charges and asset write-offs, severance costs, and exit or lease termination costs.
SEC original ↗Grand Canyon Education, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
FORM 10-Q INDEX Page PART I FINANCIAL INFORMATION 3 Item 1 Financial Statements 3 Item 2 Management s Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3 Quantitative and Qualitative Disclosures About Market Risk 28 Item 4 Controls and Procedures 28 PART II OTHER INFORMATION 28 Item 1 Legal Proceedings 28 Item 1A Risk Factors 28 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3 Defaults Upon Senior Securities 29 Item 4 Mine Safety Disclosures 29 Item 5 Other Information 29 Item 6 Exhibits 29 SIGNATURES 31 2 Table of Contents PART I FINANCIAL INFORMATION Item 1.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Estimates that are particularly sensitive to future changes include tax, legal, and other regulatory matters, which are subject to change as events evolve, and as additional information becomes available during the administrative and litigation process.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Commitments and Contingencies Legal Matters From time to time, the Company is a party to various lawsuits, claims, and other legal proceedings that arise in the ordinary course of business, some of which are covered by insurance.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
With respect to the majority of pending litigation matters, the Company s ultimate legal and financial responsibility, if any, cannot be estimated with certainty and, in most cases, any potential losses related to those matters are not considered probable.
SEC original ↗Grand Canyon Education, Inc. — 10-Q Quarterly report10-QJul 30, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
9 documentsPresentations
0 documentsNo presentations for Grand Canyon Education, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Grand Canyon Education, Inc. are held in this edition of the library.
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