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Grand Canyon Education, Inc.

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Key Metrics

Previous Close: $146.92
52-Week Range: $134.27 – $223.04
Market Cap: $3.81B
P/E (TTM): 17.69
EPS (TTM): 8.27
Dividend Yield: —

Advanced Metrics

Price/Book: 5.66
PEG Ratio: 0.95
Return on Equity: 30.98%
Return on Assets: 20.43%
Gross Margin: 53.27%
Operating Margin: 22.02%
Profit Margin: 19.63%
Current Ratio: 2.82
Debt/Equity: 0.16
Total Debt: $104.21M
Free Cash Flow: $205.76M
Revenue Growth: 6.70%
Earnings Growth: 18.20%
Enterprise Value: $3.61B

LOPE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$911.31M	$960.90M	$1.03B	$1.11B
Cost of Revenue	$423.81M	$457.19M	$488.57M	$517.71M
Gross Profit	$487.50M	$503.71M	$544.43M	$588.36M
Selling, General & Admin	$241.58M	$246.03M	$258.72M	$276.62M
Operating Expenses	$250.00M	$254.45M	$267.14M	$285.04M
Operating Income	$237.50M	$249.26M	$277.30M	$303.32M
EBITDA	$271.30M	$281.23M	$313.85M	$343.22M
Pretax Income	$240.12M	$259.68M	$291.31M	$279.85M
Income Tax	$55.44M	$54.69M	$65.08M	$63.68M
Net Income	$184.68M	$204.99M	$226.23M	$216.17M
Diluted EPS	5.73	6.80	7.73	7.71
Diluted Shares	32.24M	30.15M	29.27M	28.02M

LOPE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$120.41M	$146.47M	$324.62M	$111.76M
Receivables	$80.20M	$80.13M	$83.44M	$86.67M
Current Assets	$273.27M	$337.52M	$419.98M	$400.18M
Total Assets	$832.75M	$930.46M	$1.02B	$992.30M
Current Liabilities	$99.71M	$97.03M	$110.97M	$109.75M
Total Debt	$77.44M	$99.28M	$108.52M	$107.32M
Total Liabilities	$195.13M	$212.45M	$234.57M	$245.37M
Retained Earnings	$2.04B	$2.24B	$2.47B	$2.69B
Shareholders' Equity	$637.62M	$718.01M	$783.85M	$746.93M
Working Capital	$173.57M	$240.49M	$309.01M	$290.43M

LOPE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$220.82M	$243.66M	$289.96M	$273.49M
Capital Expenditure	-$35.63M	-$45.43M	-$37.66M	-$34.90M
Free Cash Flow	$185.19M	$198.23M	$252.30M	$238.59M
Depreciation & Amortisation	$31.18M	$31.97M	$36.55M	$39.90M
Stock-Based Compensation	$12.64M	$13.20M	$14.22M	$13.64M
Investing Cash Flow	-$97.14M	-$80.47M	$61.37M	-$221.59M
Financing Cash Flow	-$604.21M	-$137.12M	-$173.18M	-$264.76M
Share Repurchases	-$604.21M	-$137.12M	-$173.18M	-$264.76M
Net Change in Cash	-$480.53M	$26.07M	$178.15M	-$212.86M

LOPE Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$247.50M	$261.14M	$308.12M	$308.76M	$264.05M
Cost of Revenue	$126.16M	$129.31M	$133.75M	$136.89M	$133.72M
Gross Profit	$121.34M	$131.83M	$174.37M	$171.87M	$130.33M
Selling, General & Admin	$67.45M	$74.29M	$64.18M	$74.31M	$70.07M
Operating Expenses	$69.55M	$76.40M	$66.29M	$76.41M	$72.18M
Operating Income	$51.79M	$55.43M	$108.08M	$95.46M	$58.15M
EBITDA	$61.70M	$65.60M	$118.34M	$105.91M	$68.94M
Pretax Income	$55.02M	$21.66M	$111.78M	$98.48M	$60.85M
Income Tax	$13.47M	$5.38M	$25.04M	$23.14M	$15.00M
Net Income	$41.55M	$16.27M	$86.73M	$75.35M	$45.85M
Diluted EPS	1.48	0.58	3.14	2.80	1.75
Diluted Shares	28.13M	27.90M	27.61M	26.87M	26.22M

LOPE Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$192.28M	$97.28M	$111.76M	$96.14M	$171.06M
Receivables	$34.36M	$144.72M	$86.67M	$113.48M	$42.10M
Current Assets	$422.48M	$433.99M	$400.18M	$379.98M	$331.46M
Total Assets	$1.02B	$1.03B	$992.30M	$967.89M	$919.18M
Current Liabilities	$118.99M	$136.74M	$109.75M	$138.42M	$117.64M
Total Debt	$107.83M	$110.53M	$107.32M	$104.18M	$104.21M
Total Liabilities	$243.03M	$274.75M	$245.37M	$271.70M	$249.67M
Retained Earnings	$2.58B	$2.60B	$2.69B	$2.76B	$2.81B
Shareholders' Equity	$777.98M	$758.04M	$746.93M	$696.19M	$669.51M
Working Capital	$303.49M	$297.26M	$290.43M	$241.56M	$213.82M

LOPE Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$124.01M	-$48.63M	$130.49M	$88.21M	$108.65M
Capital Expenditure	-$8.62M	-$9.68M	-$7.63M	-$8.14M	-$10.76M
Free Cash Flow	$115.39M	-$58.32M	$122.85M	$80.06M	$97.88M
Depreciation & Amortisation	$9.91M	$10.17M	$10.26M	$10.45M	$10.79M
Stock-Based Compensation	$3.49M	$3.29M	$3.23M	$3.60M	$3.46M
Investing Cash Flow	-$28.86M	-$6.87M	-$15.98M	$24.08M	$41.55M
Financing Cash Flow	-$47.38M	-$39.49M	-$100.03M	-$127.91M	-$75.28M
Share Repurchases	-$47.38M	-$39.49M	-$100.03M	-$127.91M	-$75.28M
Net Change in Cash	$47.77M	-$94.99M	$14.48M	-$15.62M	$74.92M

Market Snapshot

About

Grand Canyon Education, Inc. is an education services company that provides a range of technology and academic services to colleges and universities. The company partners primarily with Grand Canyon University (GCU), a non-profit Christian university in Arizona, providing technology infrastructure, academic counseling, marketing, financial aid processing, and student support services. Grand Canyon Education operates under a long-term master services agreement with GCU, supporting both traditional ground campus students and online learners. The company leverages its proprietary technology platforms and operational expertise to help its university partner scale enrollment and improve student outcomes.