Strategic Education (STRA) Shares Outstanding (Diluted Average) (2016 - 2026)
Quarterly Shares Outstanding (Diluted Average) fell 7.87% to $22.2 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $22.2 million through Mar 2026, down 7.87% year-over-year, with the annual reading at $23.4 million for FY2025, 3.06% down from the prior year.
Strategic Education filings provide 18 years of Shares Outstanding (Diluted Average) readings, the most recent being $22.2 million for Q1 2026.
- Shares Outstanding (Diluted Average) hit $22.2 million in Q1 2026 for Strategic Education, down from $23.4 million in the prior quarter.
- Across five years, Shares Outstanding (Diluted Average) topped out at $24.1 million in Q4 2024 and bottomed at $22.2 million in Q1 2026.
- Average Shares Outstanding (Diluted Average) over 5 years is $23.8 million, with a median of $24.0 million recorded in 2023.
- The largest annual shift saw Shares Outstanding (Diluted Average) increased 2.69% in 2024 before it fell 7.87% in 2026.
- Strategic Education's Shares Outstanding (Diluted Average) stood at $24.0 million in 2022, then fell by 0.18% to $24.0 million in 2023, then increased by 0.77% to $24.1 million in 2024, then dropped by 3.06% to $23.4 million in 2025, then decreased by 5.26% to $22.2 million in 2026.
- Per Business Quant, the three most recent readings for STRA's Shares Outstanding (Diluted Average) are $22.2 million (Q1 2026), $23.4 million (Q4 2025), and $23.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 355.00 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 4.38 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | - |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | - |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | - |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | - |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 55.74 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 22.17 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 31.33 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 18.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.17 Mn |
| Dec 31, 2025 | 23.40 Mn |
| Sep 30, 2025 | 23.60 Mn |
| Jun 30, 2025 | 23.79 Mn |
| Mar 31, 2025 | 24.07 Mn |
| Dec 31, 2024 | 24.14 Mn |
| Sep 30, 2024 | 24.14 Mn |
| Jun 30, 2024 | 24.12 Mn |
| Mar 31, 2024 | 24.06 Mn |
| Dec 31, 2023 | 23.96 Mn |
| Sep 30, 2023 | 23.95 Mn |
| Jun 30, 2023 | 23.96 Mn |
| Mar 31, 2023 | 23.43 Mn |
| Dec 31, 2022 | 24.00 Mn |
| Sep 30, 2022 | 23.90 Mn |
| Jun 30, 2022 | 24.06 Mn |
| Mar 31, 2022 | 24.11 Mn |
| Dec 31, 2021 | 24.12 Mn |
| Sep 30, 2021 | 24.13 Mn |
| Jun 30, 2021 | 24.14 Mn |
| Mar 31, 2021 | 24.15 Mn |
| Dec 31, 2020 | 22.86 Mn |
| Sep 30, 2020 | 23.21 Mn |
| Jun 30, 2020 | 22.01 Mn |
| Mar 31, 2020 | 22.07 Mn |
| Dec 31, 2019 | 22.10 Mn |
| Sep 30, 2019 | 22.13 Mn |
| Jun 30, 2019 | 22.08 Mn |
| Mar 31, 2019 | 22.05 Mn |
| Dec 31, 2018 | 15.19 Mn |
| Sep 30, 2018 | 17.80 Mn |
| Jun 30, 2018 | 11.38 Mn |
| Mar 31, 2018 | 11.31 Mn |
| Dec 31, 2017 | 11.20 Mn |
| Jun 30, 2016 | 10.80 Mn |