Company Overview - Strategic Education Inc (SEI) is a global leader in digital education with a broad portfolio[4,10] - The company is headquartered in Herndon, VA, with a significant presence in Minneapolis, MN, Australia, and New Zealand[12] - Total enrollment is 108,685 students, with 88,860 in the USHE segment and 19,825 in the ANZ segment[12] - Annual revenue is $1.2 billion, broken down as USHE: $858 million, ANZ: $258 million, and ETS: $105 million[13] - The company has a strong balance sheet with $199 million in cash, cash equivalents, and marketable securities as of December 31, 2024, and distributable free cash flow of $129 million for the year[14] Q1 2025 Financial Highlights (Constant Currency) - Adjusted revenue increased by 5.3% to $305.7 million[17] - US Higher Education revenue increased by 0.8% to $221.0 million[17] - Education Technology Services revenue increased by 45.2% to $34.3 million[17] - Australia/New Zealand revenue increased by 6.4% to $50.4 million[17] - Adjusted operating income increased by 16.0% to $41.6 million[17] - US Higher Education operating income increased by 6.9% to $30.0 million[17] - Education Technology Services operating income increased by 37.3% to $13.8 million[17] - Adjusted net income increased by 16.6% to $31.1 million[17] - Adjusted diluted earnings per share increased by 16.2% to $1.29[17] Q1 2025 Financial Highlights (Current Currency) - Adjusted revenue increased by 4.6% to $303.6 million[18] - US Higher Education revenue increased by 0.8% to $221.0 million[18] - Education Technology Services revenue increased by 45.2% to $34.3 million[18] - Australia/New Zealand revenue increased by 1.9% to $48.3 million[18] - Adjusted operating income increased by 16.4% to $41.7 million[18] - US Higher Education operating income increased by 6.9% to $30.0 million[18] - Education Technology Services operating income increased by 37.3% to $13.8 million[18] - Adjusted net income increased by 16.9% to $31.2 million[18] - Adjusted diluted earnings per share increased by 17.1% to $1.30[18]