GRAND CANYON EDUCATION, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $45.9M | $75.3M | $16.3M | $41.5M | $71.6M | $41.5M | $34.9M | $68.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $108.6M | $88.2M | $-48.6M | $124.0M | $67.6M | $-29.4M | $98.6M | $85.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.7M | $8.1M | $9.7M | $8.6M | $8.9M | $9.6M | $9.0M | $9.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $24.1M | — | — | $-169.9M | — | — | $-5.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $127.9M | — | — | $77.9M | — | — | $30.0M |
| Net Cash from Financing Activities | — | $-127.9M | — | — | $-77.9M | — | — | $-30.0M |
| Net Change in Cash | — | $-15.6M | — | — | $-180.1M | — | — | $49.7M |
| Free Cash Flow | $97.9M | $80.1M | $-58.3M | $115.4M | $58.7M | $-39.0M | $89.6M | $76.0M |