Financials in USD. Standardized financial statements.
A compact view of how Grand Canyon Education, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.11B | $1.03B | $960.90M | $911.31M | $896.56M | $844.10M | $778.64M | $845.50M | $974.13M | $873.34M |
| Revenue Growth? | +7.1% | +7.5% | +5.4% | +1.6% | +6.2% | +8.4% | -7.9% | -13.2% | +11.5% | 0.0% |
| Cost of Revenue? | $517.71M | $488.57M | $457.19M | $423.81M | $381.26M | $350.55M | $314.11M | $421.59M | $554.57M | $508.33M |
| Gross Profit? | $588.36M | $544.43M | $503.71M | $487.50M | $515.31M | $493.55M | $464.53M | $423.91M | $419.56M | $365.01M |
| Gross Margin? | +53.2% | +52.7% | +52.4% | +53.5% | +57.5% | +58.5% | +59.7% | +50.1% | +43.1% | +41.8% |
| Operating Expenses? | $285.04M | $269.03M | $254.45M | $250.00M | $233.12M | $216.11M | $199.40M | $165.76M | $136.81M | $127.81M |
| Operating Income? | $303.32M | $275.40M | $249.26M | $237.50M | $282.19M | $277.44M | $265.13M | $258.15M | $282.75M | $237.20M |
| EBITDA? | $343.22M | $327.87M | $291.68M | $271.30M | $365.30M | $367.19M | $355.73M | $324.21M | $339.93M | $283.13M |
| Income Before Tax | $279.85M | $291.31M | $259.68M | $240.12M | $331.29M | $333.14M | $317.50M | $287.00M | $283.53M | $236.12M |
| Income Tax Expense | $63.68M | $65.08M | $54.69M | $55.44M | $70.94M | $75.94M | $58.33M | $57.99M | $80.21M | $87.61M |
| Net Income? | $216.17M | $226.23M | $204.99M | $184.68M | $260.34M | $257.20M | $259.18M | $229.01M | $203.32M | $148.51M |
| EPS? | $7.76 | $7.77 | $6.83 | $5.75 | $5.94 | $5.49 | $5.42 | $4.81 | $4.31 | $3.22 |
| Diluted EPS? | $7.71 | $7.73 | $6.80 | $5.73 | $5.92 | $5.45 | $5.37 | $4.73 | $4.22 | $3.15 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality