Strategic Education (STRA) Operating Expenses (2016 - 2026)
Quarterly Operating Expenses fell 41.33% to $154.8 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $755.2 million through Mar 2026, down 12.56% year-over-year, with the annual reading at $1.1 billion for FY2025, 68.18% up from the prior year.
Strategic Education filings provide 18 years of Operating Expenses readings, the most recent being $154.8 million for Q1 2026.
- Operating Expenses hit $154.8 million in Q1 2026 for Strategic Education, down from $271.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $549.6 million in Q4 2022 and bottomed at $152.9 million in Q1 2023.
- Average Operating Expenses over 5 years is $229.2 million, with a median of $245.4 million recorded in 2022.
- The largest annual shift saw Operating Expenses surged 269.17% in 2022 before it tumbled 54.79% in 2023.
- Strategic Education's Operating Expenses stood at $549.6 million in 2022, then tumbled by 54.79% to $248.5 million in 2023, then crashed by 32.84% to $166.9 million in 2024, then skyrocketed by 62.73% to $271.6 million in 2025, then plummeted by 43.01% to $154.8 million in 2026.
- Per Business Quant, the three most recent readings for STRA's Operating Expenses are $154.8 million (Q1 2026), $271.6 million (Q4 2025), and $162.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 153.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 154.77 Mn |
| Dec 31, 2025 | 271.58 Mn |
| Sep 30, 2025 | 162.72 Mn |
| Jun 30, 2025 | 166.15 Mn |
| Mar 31, 2025 | 263.80 Mn |
| Dec 31, 2024 | 166.88 Mn |
| Sep 30, 2024 | 162.67 Mn |
| Jun 30, 2024 | 270.34 Mn |
| Mar 31, 2024 | 248.89 Mn |
| Dec 31, 2023 | 248.48 Mn |
| Sep 30, 2023 | 155.74 Mn |
| Jun 30, 2023 | 270.86 Mn |
| Mar 31, 2023 | 152.94 Mn |
| Dec 31, 2022 | 549.57 Mn |
| Sep 30, 2022 | 153.16 Mn |
| Jun 30, 2022 | 251.70 Mn |
| Mar 31, 2022 | 245.41 Mn |
| Dec 31, 2021 | 148.87 Mn |
| Sep 30, 2021 | 262.73 Mn |
| Jun 30, 2021 | 152.94 Mn |
| Mar 31, 2021 | 152.81 Mn |
| Dec 31, 2020 | 147.01 Mn |
| Sep 30, 2020 | 223.60 Mn |
| Jun 30, 2020 | 209.44 Mn |
| Mar 31, 2020 | 132.94 Mn |
| Dec 31, 2019 | 133.32 Mn |
| Sep 30, 2019 | 132.53 Mn |
| Jun 30, 2019 | 217.51 Mn |
| Mar 31, 2019 | 220.79 Mn |
| Dec 31, 2018 | 130.71 Mn |
| Sep 30, 2018 | 103.08 Mn |
| Jun 30, 2018 | 69.30 Mn |
| Mar 31, 2018 | 68.45 Mn |
| Dec 31, 2017 | 107.02 Mn |
| Sep 30, 2017 | 100.29 Mn |
| Jun 30, 2017 | 98.87 Mn |
| Mar 31, 2017 | 96.47 Mn |
| Dec 31, 2016 | -41.89 Mn |
| Sep 30, 2016 | 97.33 Mn |
| Jun 30, 2016 | 95.59 Mn |