Strategic Education annual free cash flow
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Strategic Education Free Cash Flow (FCF) History (STRA)
Strategic Education reported $153.9M in free cash flow for fiscal 2025, an increase of 19.57% from the previous fiscal year, with a free cash flow margin of 12.14%.
View full Strategic Education company overviewStrategic Education free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $153.9M | $25.2M | +19.57% | +12.14% |
| 2024 | 2024-12-31 | $128.8M | $48.6M | +60.59% | +10.55% |
| 2023 | 2023-12-31 | $80.2M | −$2.7M | −3.26% | +7.08% |
| 2022 | 2022-12-31 | $82.9M | −$48.2M | −36.78% | +7.78% |
| 2021 | 2021-12-31 | $131.1M | $35.0M | +36.42% | +11.58% |
| 2020 | 2020-12-31 | $96.1M | −$67.4M | −41.21% | +9.35% |
| 2019 | 2019-12-31 | $163.5M | $144.1M | +746.05% | +16.39% |
| 2018 | 2018-12-31 | $19.3M | −$18.8M | −49.30% | +3.05% |
| 2017 | 2017-12-31 | $38.1M | $6.7M | +21.50% | +8.38% |
| 2016 | 2016-12-31 | $31.4M | −$33.5M | −51.64% | +7.11% |
| 2015 | 2015-12-31 | $64.9M | −$5.8M | −8.20% | — |
| 2014 | 2014-12-31 | $70.6M | −$4.7M | −6.26% | — |
| 2013 | 2013-12-31 | $75.4M | $18.0M | +31.46% | — |
| 2012 | 2012-12-31 | $57.3M | −$67.0M | −53.91% | — |
| 2011 | 2011-12-31 | $124.4M | $7.6M | +6.48% | — |
| 2010 | 2010-12-31 | $116.8M | $5.5M | +4.91% | — |
| 2009 | 2009-12-31 | $111.3M | $43.4M | +63.94% | — |
| 2008 | 2008-12-31 | $67.9M | — | — | — |
Strategic Education quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $15.0M | −$5.3M | −26.16% | +4.46% |
| Q1 2026 | 2026-03-31 | $77.3M | $20.0M | +34.83% | +25.27% |
| Q4 2025 | 2025-12-31 | $27.0M | $22.3M | +477.03% | +8.34% |
| Q3 2025 | 2025-09-30 | $49.3M | $7.2M | +17.13% | +15.40% |
| Q2 2025 | 2025-06-30 | $20.4M | $6.8M | +50.20% | +6.34% |
| Q1 2025 | 2025-03-31 | $57.3M | −$11.1M | −16.22% | +18.89% |
| Q4 2024 | 2024-12-31 | $4.7M | −$15.7M | −77.01% | +1.50% |
| Q3 2024 | 2024-09-30 | $42.1M | $5.2M | +13.98% | +13.75% |
| Q2 2024 | 2024-06-30 | $13.6M | $17.6M | — | +4.34% |
| Q1 2024 | 2024-03-31 | $68.4M | $41.5M | +153.75% | +23.58% |
| Q4 2023 | 2023-12-31 | $20.3M | $29.7M | — | +6.71% |
| Q3 2023 | 2023-09-30 | $36.9M | $2.7M | +7.82% | +12.91% |
| Q2 2023 | 2023-06-30 | −$4.0M | −$15.1M | — | −1.40% |
| Q1 2023 | 2023-03-31 | $27.0M | −$19.9M | −42.50% | +10.51% |
| Q4 2022 | 2022-12-31 | −$9.3M | −$12.9M | — | −3.46% |
| Q3 2022 | 2022-09-30 | $34.2M | $9.4M | +37.84% | +13.01% |
| Q2 2022 | 2022-06-30 | $11.1M | −$25.5M | −69.70% | +4.05% |
| Q1 2022 | 2022-03-31 | $46.9M | −$19.2M | −29.07% | +18.12% |
| Q4 2021 | 2021-12-31 | $3.6M | $31.5M | — | +1.31% |
| Q3 2021 | 2021-09-30 | $24.8M | −$12.7M | −33.81% | +9.20% |
| Q2 2021 | 2021-06-30 | $36.6M | $4.5M | +14.12% | +12.22% |
| Q1 2021 | 2021-03-31 | $66.1M | $11.7M | +21.48% | +22.78% |
| Q4 2020 | 2020-12-31 | −$27.9M | −$77.7M | — | −10.43% |
| Q3 2020 | 2020-09-30 | $37.5M | $8.1M | +27.48% | +15.70% |
| Q2 2020 | 2020-06-30 | $32.0M | −$2.3M | −6.60% | +12.52% |
| Q1 2020 | 2020-03-31 | $54.4M | $4.5M | +9.09% | +20.52% |
| Q4 2019 | 2019-12-31 | $49.8M | −$176,000 | −0.35% | +18.89% |
| Q3 2019 | 2019-09-30 | $29.4M | $81.5M | — | +12.18% |
| Q2 2019 | 2019-06-30 | $34.3M | $25.7M | +298.21% | +13.99% |
| Q1 2019 | 2019-03-31 | $49.9M | $37.1M | +289.37% | +20.24% |
| Q4 2018 | 2018-12-31 | $50.0M | $41.7M | +501.55% | +20.65% |
| Q3 2018 | 2018-09-30 | −$52.1M | −$57.6M | — | −32.37% |
| Q2 2018 | 2018-06-30 | $8.6M | $5.0M | +136.84% | +7.51% |
| Q1 2018 | 2018-03-31 | $12.8M | −$7.9M | −38.07% | +11.00% |
| Q4 2017 | 2017-12-31 | $8.3M | −$445,000 | −5.08% | +7.00% |
| Q3 2017 | 2017-09-30 | $5.5M | $1.4M | +35.48% | +5.04% |
| Q2 2017 | 2017-06-30 | $3.6M | −$2.3M | −38.61% | +3.23% |
| Q1 2017 | 2017-03-31 | $20.7M | $8.0M | +63.60% | +18.01% |
| Q4 2016 | 2016-12-31 | $8.8M | −$11.9M | −57.54% | — |
| Q3 2016 | 2016-09-30 | $4.0M | −$3.8M | −48.53% | — |
| Q2 2016 | 2016-06-30 | $5.9M | −$2.6M | −30.64% | — |
| Q1 2016 | 2016-03-31 | $12.6M | −$15.2M | −54.59% | — |
| Q4 2015 | 2015-12-31 | $20.6M | $8.0M | +63.76% | — |
| Q3 2015 | 2015-09-30 | $7.8M | −$7.3M | −48.38% | — |
| Q2 2015 | 2015-06-30 | $8.5M | −$2.1M | −19.86% | — |
| Q1 2015 | 2015-03-31 | $27.9M | −$4.4M | −13.54% | — |
| Q4 2014 | 2014-12-31 | $12.6M | $2.3M | +22.01% | — |
| Q3 2014 | 2014-09-30 | $15.2M | −$3.3M | −17.79% | — |
| Q2 2014 | 2014-06-30 | $10.7M | −$6.9M | −39.31% | — |
| Q1 2014 | 2014-03-31 | $32.2M | $3.2M | +11.01% | — |
| Q4 2013 | 2013-12-31 | $10.3M | −$7.9M | −43.44% | — |
| Q3 2013 | 2013-09-30 | $18.5M | $12.2M | +193.47% | — |
| Q2 2013 | 2013-06-30 | $17.6M | $17.2M | +4804.75% | — |
| Q1 2013 | 2013-03-31 | $29.0M | −$3.4M | −10.51% | — |
| Q4 2012 | 2012-12-31 | $18.2M | −$8.3M | −31.17% | — |
| Q3 2012 | 2012-09-30 | $6.3M | −$22.2M | −77.92% | — |
| Q2 2012 | 2012-06-30 | $358,000 | −$13.2M | −97.36% | — |
| Q1 2012 | 2012-03-31 | $32.4M | −$23.4M | −41.87% | — |
| Q4 2011 | 2011-12-31 | $26.5M | $19.1M | +256.94% | — |
| Q3 2011 | 2011-09-30 | $28.5M | −$15.7M | −35.50% | — |
| Q2 2011 | 2011-06-30 | $13.6M | −$687,000 | −4.81% | — |
| Q1 2011 | 2011-03-31 | $55.8M | $4.9M | +9.52% | — |
| Q4 2010 | 2010-12-31 | $7.4M | −$1.5M | −16.43% | — |
| Q3 2010 | 2010-09-30 | $44.2M | — | — | — |
| Q2 2010 | 2010-06-30 | $14.3M | — | — | — |
| Q1 2010 | 2010-03-31 | $50.9M | — | — | — |
| Q3 2009 | 2009-09-30 | $8.9M | — | — | — |
Strategic Education free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $96.1M to $153.9M, a compound annual growth rate of 9.88%. Strategic Education's latest reported quarter, Q2 2026, generated $15.0M in free cash flow, a decrease of 26.16% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Strategic Education filings at SEC.gov ↗