Strategic Education, Inc.

During the three months ended June 30, 2025, the Company repurchased 325,844 shares of common stock for $28.0 million, and has repurchased 717,146 shares for $60.0 million through the first six months of 2025.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

BALANCE SHEET AND CASH FLOW At June 30, 2025, Strategic Education had cash, cash equivalents, and marketable securities of $179.9 million and no debt outstanding under its revolving credit facility.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Capital expenditures for the first six months of 2025 were $21.2 million compared to $19.9 million for the same period in 2024.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Capital expenditures including cloud computing investments, which flow through operating cash flow within other assets, for the first six months of 2025 were $29.7 million compared to $25.9 million for the same period in 2024.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

For the second quarter of 2025, consolidated bad debt expense as a percentage of revenue was 4.0% compared to 4.3% of revenue for the same period in 2024.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

COMMON STOCK CASH DIVIDEND Strategic Education announced today that it declared a regular, quarterly cash dividend of $0.60 per share of common stock.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

htm EX-99.1 Document Exhibit 99.1 STRATEGIC EDUCATION, INC.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

, July 30, 2025 Strategic Education, Inc.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

(Strategic Education) (NASDAQ STRA) today announced financial results for the period ended June 30, 2025.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

STRATEGIC EDUCATION CONSOLIDATED RESULTS Three Months Ended June 30 Revenue increased 2.9% to $321.5 million compared to $312.3 million for the same period in 2024, driven by strength within the Education Technology Services segment.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Our ongoing focus on employers is generating consistent growth in employer affiliated enrollment, but in the second quarter was again offset by a decline in unaffiliated enrollment.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The statements are based on Strategic Education s current expectations and are subject to a number of assumptions, uncertainties and risks, including but not limited to the pace of student enrollment Strategic Education s continued compliance with Title IV of the Higher Education Act, and the regulations thereunder, as well as other federal laws and regulations, institutional accreditation standards and state regulatory requirements legislation and other actions by the U.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Many of these risks, uncertainties and assumptions are beyond Strategic Education s ability to control or predict.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

SEC original ↗Strategic Education, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Legal Proceedings 43 Item 1A.

SEC original ↗Strategic Education, Inc. — 10-Q Quarterly report10-QJul 29, 2026