Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-21039 STRATEGIC EDUCATION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

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Core Insights - Strategic Education (STRA) reported revenue of $323.21 million for the quarter ended December 2025, marking a year-over-year increase of 3.8% and a slight surprise of +0.04% over the Zacks Consensus Estimate of $323.07 million [1] - The earnings per share (EPS) for the same period was $1.74, compared to $1.27 a year ago, resulting in an EPS surprise of +18.1% against the consensus estimate of $1.47 [1] Revenue Breakdown - Revenue from Australia/New Zealand was $65.59 million, slightly below the estimated $65.78 million, reflecting a year-over-year decrease of -1.6% [4] - Revenue from Education Technology Services reached $39.09 million, exceeding the estimated $36.81 million, and showing a significant year-over-year increase of +28.3% [4] - U.S. Higher Education revenue was reported at $218.53 million, which is lower than the average estimate of $220.52 million, but still represents a year-over-year growth of +2% [4] Stock Performance - Over the past month, shares of Strategic Education have returned -9.9%, contrasting with the Zacks S&P 500 composite's increase of +0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]

Core Insights - Strategic Education (STRA) reported quarterly earnings of $1.74 per share, exceeding the Zacks Consensus Estimate of $1.47 per share, and showing an increase from $1.27 per share a year ago, resulting in an earnings surprise of +18.10% [1] - The company achieved revenues of $323.21 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.04% and increasing from $311.46 million year-over-year [2] - Strategic Education has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The future performance of Strategic Education's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's price movement based on recent earnings and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.40, with expected revenues of $314.78 million, and for the current fiscal year, the EPS estimate is $6.48 on revenues of $1.32 billion [7] Industry Context - The Schools industry, to which Strategic Education belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of industries [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Strategic Education (NasdaqGS:STRA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlex Paris - President and Senior Managing DirectorDaniel Jackson - EVP and CFOJasper Bibb - VP of Equity ResearchKarl McDonnell - President and CEOTerese Wilke - Senior Director of Investor RelationsConference Call ParticipantsJeff Silber - Managing Director and Senior Equity Research AnalystOperatorWelcome to the Strategic Education fourth quarter 2025 results conference call. I will now turn the ca ...

Strategic Education (NasdaqGS:STRA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlex Paris - President and Senior Managing DirectorDaniel Jackson - EVP and CFOJasper Bibb - VP of Equity ResearchKarl McDonnell - President and CEOTerese Wilke - Senior Director of Investor RelationsConference Call ParticipantsJeff Silber - Managing Director and Senior Equity Research AnalystOperatorWelcome to the Strategic Education Fourth Quarter 2025 Results Conference Call. I will now turn the ca ...

Strategic Education (NasdaqGS:STRA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker5Welcome to the Strategic Education fourth quarter 2025 results conference call. I will now turn the call over to Terese Wilke, Senior Director of Investor Relations for Strategic Education. Ms. Wilke, please go ahead.Speaker6Thank you. Hello, everyone, welcome to Strategic Education's conference call, in which we will discuss fourth quarter 2025 results. With us today are Karl McDonnell, President and Chief Execu ...

FEBRUARY 2026 Forward-looking statements Statements Under the Private Securities Litigation Reform Act of 1995 INVESTOR PRESENTATION SEI is a global leader in digital education We own the best education assets in the markets we serve ANZ Mission driven We are dedicated to enabling economic mobility with education. Statements in this presentation are "forward-looking statements" under the federal securities laws. Such statements may be identified by the use of words such as "expect," "estimate," "assume," "b ...

Exhibit 99.1 STRATEGIC EDUCATION, INC. REPORTS FOURTH QUARTER 2025 RESULTS Education Technology Services revenue up 28% YOY and operating income up 18% YOY Sophia Learning subscribers up 47% YOY and revenue up 41% YOY Technology and AI-enabled productivity initiatives contributed to 35% operating income growth HERNDON, Va., February 26, 2026 ― Strategic Education, Inc. (Strategic Education) (NASDAQ: STRA) today announced financial results for the period ended December 31, 2025. STRATEGIC EDUCATION CONSOLIDA ...

Analysts on Wall Street project that Strategic Education (STRA) will announce quarterly earnings of $1.47 per share in its forthcoming report, representing an increase of 15.8% year over year. Revenues are projected to reach $323.07 million, increasing 3.7% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...