Grand Canyon Education Income Statement
LOPE / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Grand Canyon Education reported $1.1B in revenue and $216M in net income for FY2025. Revenue has grown at a 7.0% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 5.73 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 27.9%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $960.9M | $911.3M | $896.6M | $844.1M | $778.6M | $845.5M | $974.1M | $873.3M | $778.2M | $691.1M | $598.3M | $117.1M | $426.7M |
| SG&A Expense | $47.4M | $46.3M | $43.2M | $45.5M | $41.8M | $43.4M | $44.3M | $30.0M | $27.2M | $28.1M | $42.1M | $39.6M | $36.9M | $35.5M | $29.0M |
| Operating Income | $265.9M | $275.4M | $249.3M | $237.5M | $282.2M | $277.4M | $265.1M | $258.1M | $282.8M | $237.2M | $210.4M | $180.8M | $143.3M | $114.1M | $82.2M |
| Interest Expense | - | - | $33.0K | $2.0K | $3.6M | $4.4M | $11.3M | $1.5M | $2.2M | $1.3M | $1.2M | $1.8M | $2.2M | $699.0K | $720.0K |
| Income Tax | $63.7M | $65.1M | $54.7M | $55.4M | $70.9M | $75.9M | $58.3M | $58.0M | $80.2M | $87.6M | $77.6M | $68.2M | $56.2M | $44.0M | $31.0M |
| Net Income | $216.2M | $226.2M | $205.0M | $184.7M | $260.3M | $257.2M | $259.2M | $229.0M | $203.3M | $148.5M | $131.4M | $111.5M | $88.7M | $69.4M | $50.5M |
| EPS (Basic) | $7.76 | $7.77 | $6.83 | $5.75 | $5.94 | $4.81 | $4.31 | $4.81 | $4.31 | $3.22 | $1.98 | $2.45 | $1.13 | $0.77 | $0.60 |
| EPS (Diluted) | $7.71 | $7.73 | $6.80 | $5.73 | $5.92 | $4.73 | $4.22 | $4.73 | $4.22 | $3.15 | $1.92 | $2.37 | $1.12 | $0.76 | $0.60 |
| Shares Outstanding | 27.4M | 28.9M | 30.0M | 31.1M | 37.7M | 48.1M | 48.2M | 48.2M | 48.1M | 47.6M | 46.7M | 46.7M | 44.7M | 44.3M | 45.8M |
| Operating Margin | 24.0% | 26.7% | 25.9% | 26.1% | 31.5% | 32.9% | 34.1% | 30.5% | 29.0% | 27.2% | 27.0% | 26.2% | 23.9% | 97.4% | 19.3% |
| Profit Margin | 19.5% | 21.9% | 21.3% | 20.3% | 29.0% | 30.5% | 33.3% | 27.1% | 20.9% | 17.0% | 16.9% | 16.1% | 14.8% | 59.3% | 11.8% |