Strategic Education (STRA) Shares Outstanding (2016 - 2026)
Quarterly Shares Outstanding fell 6.8% to $22.6 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $22.6 million through Mar 2026, down 6.8% year-over-year, with the annual reading at $23.0 million for FY2025, 6.26% down from the prior year.
Strategic Education filings provide 18 years of Shares Outstanding readings, the most recent being $22.6 million for Q1 2026.
- Shares Outstanding hit $22.6 million in Q1 2026 for Strategic Education, down from $23.0 million in the prior quarter.
- Across five years, Shares Outstanding topped out at $25.0 million in Q1 2022 and bottomed at $22.6 million in Q1 2026.
- Average Shares Outstanding over 5 years is $24.2 million, with a median of $24.5 million recorded in 2022.
- The largest annual shift saw Shares Outstanding increased 1.27% in 2022 before it fell 6.8% in 2026.
- Strategic Education's Shares Outstanding stood at $24.4 million in 2022, then increased by 0.02% to $24.4 million in 2023, then rose by 0.39% to $24.5 million in 2024, then decreased by 6.26% to $23.0 million in 2025, then decreased by 1.55% to $22.6 million in 2026.
- Per Business Quant, the three most recent readings for STRA's Shares Outstanding are $22.6 million (Q1 2026), $23.0 million (Q4 2025), and $23.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 359.06 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | - |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 139.98 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 54.26 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 49.13 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 92.83 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 55.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 22.61 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 31.70 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 18.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Dec 31, 2025 | 22.97 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Sep 30, 2025 | 23.50 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Jun 30, 2025 | 23.95 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Mar 31, 2025 | 24.26 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Dec 31, 2024 | 24.50 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Sep 30, 2024 | 24.57 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Jun 30, 2024 | 24.62 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Mar 31, 2024 | 24.61 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Dec 31, 2023 | 24.41 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Sep 30, 2023 | 24.42 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Jun 30, 2023 | 24.47 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Mar 31, 2023 | 24.59 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Sep 30, 2022 | 24.45 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Jun 30, 2022 | 24.64 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Mar 31, 2022 | 24.96 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Dec 31, 2021 | 24.59 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Sep 30, 2021 | 24.60 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Jun 30, 2021 | 24.62 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Mar 31, 2021 | 24.65 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Dec 31, 2020 | 24.42 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Sep 30, 2020 | 24.40 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Jun 30, 2020 | 22.22 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Mar 31, 2020 | 22.21 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Dec 31, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Sep 30, 2019 | 21.96 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Jun 30, 2019 | 21.95 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Mar 31, 2019 | 21.92 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Dec 31, 2018 | 21.74 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Sep 30, 2018 | 21.71 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Jun 30, 2018 | 11.31 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Mar 31, 2018 | 11.30 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Dec 31, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Sep 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Jun 30, 2017 | 11.17 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Mar 31, 2017 | 11.16 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Dec 31, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Sep 30, 2016 | 11.09 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |
| Jun 30, 2016 | 11.16 Mn |