Grand Canyon Education Inc. reported service revenue of $261.1 million for the third quarter ended September 30, 2025, an increase of 9.6% from $238.3 million in the same period of 2024. Partner enrollments grew 7.9% to 138,073 from 127,977 the previous year. Operating income for the nine months ended September 30, 2025, was $157.8 million, down 10.0% from $175.4 million in 2024. The operating margin for this period was 19.8%, compared to 23.7% in 2024, primarily impacted by a $35.0 million litigation settlement reserve and other one-time costs. Adjusted operating income for the nine months was $202.3 million with an adjusted operating margin of 25.4%, up from $181.7 million and 24.5%, respectively, in 2024. Cash and cash equivalents and investments totaled $277.0 million as of September 30, 2025, down from $324.6 million at December 31, 2024. The company provides services to 20 university partners and reported that contract modifications and a shift in student mix affected revenue per student. For the fourth quarter of 2025, Grand Canyon Education forecasts service revenue between $305.0 million and $310.0 million, an operating margin between 35.1% and 35.8%, and diluted EPS between $3.07 and $3.18.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Canyon Education Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-106979), on November 05, 2025, and is solely responsible for the information contained therein.
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