For the quarter ending 2026-03-31, LOPE had -$15,617K decrease in cash & cash equivalents over the period. $80,079K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 75,348 | 86,732 | 16,274 | 113,164 |
| Share-based compensation | 3,598 | 3,228 | 3,294 | 7,117 |
| Depreciation and amortization | 8,343 | 8,160 | 8,063 | 15,260 |
| Amortization of intangible assets | 2,105 | 2,104 | 2,105 | 4,210 |
| Deferred income taxes | 1,566 | 1,242 | 11,840 | 1,657 |
| Reserve for litigation settlement | - | - | 35,000 | - |
| Lease termination, impairment and other | - | 0 | 2,411 | - |
| Other, including fixed asset disposals | 232 | -290 | -158 | 602 |
| Accounts receivable | 28,973 | -37,763 | 94,342 | -55,249 |
| Other assets | 1,791 | 974 | -1,514 | 4,732 |
| Right-of-use assets and lease liabilities | -67 | 95 | 197 | 379 |
| Accounts payable | 4,022 | 5,026 | -5,872 | -2,605 |
| Accrued liabilities | -5,177 | 2,122 | -2,944 | 3,014 |
| Income taxes receivable/payable | 19,598 | 23,498 | -15,982 | -14,622 |
| Deferred revenue | 6,067 | - | -10,349 | 14,150 |
| Net cash provided by operating activities | 88,208 | 130,485 | -48,633 | 191,639 |
| Capital expenditures | 8,129 | 7,618 | 9,664 | 17,561 |
| Additions of amortizable content | 15 | 13 | 19 | 28 |
| Purchase of equity investment | - | 0 | 0 | 1,000 |
| Loss on equity investment | -100 | 0 | 0 | -500 |
| Purchases of investments | 23,512 | 17,008 | 33,049 | 191,666 |
| Proceeds from sale or maturity of investments | 55,637 | 8,660 | 35,865 | 11,007 |
| Net cash provided by (used in) investing activities | 24,081 | -15,979 | -6,867 | -198,748 |
| Repurchase of common shares and shares withheld in lieu of income taxes | 127,906 | 100,028 | 39,494 | 125,236 |
| Net cash used in financing activities | -127,906 | -100,028 | -39,494 | -125,236 |
| Net decrease in cash and cash equivalents and restricted cash | -15,617 | 14,478 | -94,994 | -132,345 |
| Cash and cash equivalents and restricted cash, beginning of period | 111,762 | 97,284 | 324,623 | - |
| Cash and cash equivalents and restricted cash, end of period | 96,145 | 111,762 | 97,284 | - |
Grand Canyon Education, Inc. (LOPE)
Grand Canyon Education, Inc. (LOPE)