Grand Canyon Education, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $264.0M | $308.8M | $308.1M | $261.1M | $247.5M | $289.3M | $292.6M | $238.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $10.1M | $10.3M | $10.5M | $15.1M | $11.4M | $10.4M | $10.6M | $14.4M |
| Operating Income | $58.2M | $95.5M | $108.1M | $18.0M | $51.8M | $88.0M | $100.0M | $48.2M |
| Operating Margin | 22.0% | 30.9% | 35.1% | 6.9% | 20.9% | 30.4% | 34.2% | 20.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $60.9M | $98.5M | $111.8M | $21.7M | $55.0M | $91.4M | $104.0M | $52.3M |
| Income Tax Expense | $15.0M | $23.1M | $25.0M | $5.4M | $13.5M | $19.8M | $22.1M | $10.9M |
| Net Income | $45.9M | $75.3M | $86.7M | $16.3M | $41.5M | $71.6M | $81.9M | $41.5M |
| Net Margin | 17.4% | 24.4% | 28.1% | 6.2% | 16.8% | 24.8% | 28.0% | 17.4% |
| EPS (Basic) | $1.75 | $2.82 | $3.16 | $0.59 | $1.48 | $2.53 | $2.84 | $1.43 |
| EPS (Diluted) | $1.75 | $2.80 | $3.13 | $0.58 | $1.48 | $2.52 | $2.83 | $1.42 |
| Shares Outstanding (Basic) | 26.2M | 26.7M | 27.9M | 27.7M | 28.0M | 28.3M | 29.1M | 29.0M |
| Shares Outstanding (Diluted) | 26.2M | 26.9M | 28.0M | 27.9M | 28.1M | 28.5M | 29.3M | 29.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |