Strategic Education (STRA) Operating Expenses (2009 - 2026)

Strategic Education has reported Operating Expenses for 18 years, with the latest figure at $154.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 41.33% year-over-year to $154.8 million; the trailing twelve-month figure through Mar 2026 stood at $755.2 million (down 12.56% YoY), and the FY2025 full-year result was $1.1 billion, up 68.18% from the prior year.
• Operating Expenses for Q1 2026 stood at $154.8 million, down from $271.6 million in the prior quarter.
• The five-year high for Operating Expenses was $549.6 million in Q4 2022, with the low at $152.9 million in Q1 2023.
• Historically, Operating Expenses has averaged $229.2 million across 5 years, with a median of $245.4 million in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 269.17% — and 2023, when it tumbled 54.79%.
• Strategic Education's Operating Expenses stood at $549.6 million in 2022, then plunged by 54.79% to $248.5 million in 2023, then plunged by 32.84% to $166.9 million in 2024, then soared by 62.73% to $271.6 million in 2025, then sank by 43.01% to $154.8 million in 2026.
• The last three Operating Expenses figures came in at $154.8 million (Q1 2026), $271.6 million (Q4 2025), and $162.7 million (Q3 2025), per Business Quant data.