| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 129,438 | 113,164 |
| Share-based compensation | 10,411 | 7,117 |
| Depreciation and amortization | 23,323 | 15,260 |
| Amortization of intangible assets | 6,315 | 4,210 |
| Deferred income taxes | 13,497 | 1,657 |
| Reserve for litigation settlement | 35,000 | - |
| Lease termination, impairment and other | 2,411 | - |
| Other, including fixed asset disposals | 444 | 602 |
| Accounts receivable from university partners | 39,093 | -55,249 |
| Other assets | 3,218 | 4,732 |
| Right-of-use assets and lease liabilities | 576 | 379 |
| Accounts payable | -8,477 | -2,605 |
| Accrued liabilities | 70 | 3,014 |
| Income taxes receivable/payable | -30,604 | -14,622 |
| Deferred revenue | 3,801 | 14,150 |
| Net cash provided by operating activities | 143,006 | 191,639 |
| Capital expenditures | 27,225 | 17,561 |
| Additions of amortizable content | 47 | 28 |
| Purchase of equity investment | 1,000 | 1,000 |
| Loss on equity investment | -500 | -500 |
| Purchases of investments | 224,715 | 191,666 |
| Proceeds from sale or maturity of investments | 46,872 | 11,007 |
| Net cash (used in) provided by investing activities | -205,615 | -198,748 |
| Repurchase of common shares and shares withheld in lieu of income taxes | 164,730 | 125,236 |
| Net cash used in financing activities | -164,730 | -125,236 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -227,339 | -132,345 |
| Cash and cash equivalents at beginning of period | 324,623 | - |
| Cash and cash equivalents at end of period | 97,284 | - |
Grand Canyon Education, Inc. (LOPE)
Grand Canyon Education, Inc. (LOPE)