STRA: the balance sheet

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Strategic Education, Inc. (STRA)

Balance Sheets Overview

Current Ratio
115.56%
Quick Ratio
115.56%
Cash Ratio
57.18%
Debt to Asset Ratio
21.36%
Unit: Thousand (K) dollars
Assets Breakdown
Intangible assets
Cash and cash equivalents
Property and equipment, net
Others
Liabilities Breakdown
Additional paid-in capital
Retained earnings
Contract liabilities
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	150,350	140,757	151,460	133,600
Marketable securities	7,275	7,297	21,189	31,350
Tuition receivable, net	86,190	78,202	114,882	97,878
Income taxes receivable	0	2,511	2,433	762
Assets held for sale	NaN	NaN	2,200	NaN
Other current assets	60,025	49,090	54,266	56,353
Total current assets	303,840	277,857	346,430	319,943
Property and equipment, net	106,322	107,373	107,774	111,027
Right-of-use lease assets	90,319	91,140	95,993	100,049
Marketable securities, non-current	5,000	5,000	9,989	14,986
Intangible assets	250,413	249,243	248,925	248,172
Goodwill	1,255,556	1,242,413	1,237,065	1,231,105
Other assets	66,926	65,514	65,787	66,241
Total assets	2,078,376	2,038,540	2,111,963	2,091,523

Accounts payable and accrued expenses	115,096	105,791	113,171	99,189
Income taxes payable	1,490	0	0	0
Contract liabilities	132,024	96,247	151,899	135,179
Lease liabilities	14,316	15,905	18,412	20,112
Total current liabilities	262,926	217,943	283,482	254,480
Deferred income tax liabilities	39,287	35,835	30,919	27,925
Lease liabilities, non-current	94,884	93,216	99,239	100,190
Other long-term liabilities	46,826	45,140	42,220	42,211
Total liabilities	443,923	392,134	455,860	424,806
Common stock, par value 0.0132,000,000 shares authorized 22,968,860 and 22,612,909 shares issued and outstanding at december31, 2025 and march31, 2026, respectively	226	230	235	239
Additional paid-in capital	1,399,393	1,436,795	1,467,401	1,489,271
Accumulated other comprehensive loss	-30,958	-46,115	-52,631	-58,869
Retained earnings	265,792	255,496	241,098	236,076
Total stockholders equity	1,634,453	1,646,406	1,656,103	1,666,717
Total liabilities and stockholders equity	2,078,376	2,038,540	2,111,963	2,091,523

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio115.56%Quick Ratio115.56%Cash Ratio57.18%Debt to Asset Ratio21.36%Unit: Thousand (K) dollarsAssets BreakdownIntangible assetsCash and cash equivalentsProperty and equipment, netOthersLiabilities BreakdownAdditional paid-in capitalRetained earningsContract liabilitiesOthers

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio115.56%Quick Ratio115.56%Cash Ratio57.18%Debt to Asset Ratio21.36%Unit: Thousand (K) dollarsAssets BreakdownIntangible assetsCash and cash equivalentsProperty and equipment, netOthersLiabilities BreakdownAdditional paid-in capitalRetained earningsContract liabilitiesOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets