Grand Canyon Ed Inc Financials
This page shows Grand Canyon Ed Inc (LOPE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Grand Canyon Education runs an asset-light cash engine that channels much of its surplus into share buybacks.
Between FY2024 and FY2025, net income fell4.4% while share count fell5.5% , which is why EPS barely changed even though operating economics softened. That pairing shows per-share results were supported more by capital return than by stronger underlying margins.
Capital intensity is low: FY2025 operating cash flow of
The balance sheet still looks comfortable for a company using cash aggressively, with a current ratio of 3.6x even after cash fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Grand Canyon Ed Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Grand Canyon Ed Inc has an operating margin of 24.0%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 26.7% the prior year.
Grand Canyon Ed Inc's revenue grew 7.1% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 45/100.
Grand Canyon Ed Inc carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.65, Grand Canyon Ed Inc holds $3.65 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
Grand Canyon Ed Inc converts 21.6% of revenue into free cash flow ($238.6M). This strong cash generation earns a score of 81/100.
Grand Canyon Ed Inc generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from 0.0% the prior year.
Grand Canyon Ed Inc scores 16.81, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.4B) relative to total liabilities ($245.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Grand Canyon Ed Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Grand Canyon Ed Inc generates $1265.17 in operating cash flow ($273.5M OCF vs $216K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Grand Canyon Ed Inc generated $1.1B in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
Grand Canyon Ed Inc's EBITDA was $297.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.0% from the prior year.
Grand Canyon Ed Inc reported $216K in net income in fiscal year 2025. This represents a decrease of 4.4% from the prior year.
Grand Canyon Ed Inc earned $7.71 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Cash & Balance Sheet
Grand Canyon Ed Inc generated $238.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 5.6% from the prior year.
Grand Canyon Ed Inc held $111.8M in cash against $0 in long-term debt as of fiscal year 2025.
Grand Canyon Ed Inc had 27M shares outstanding in fiscal year 2025. This represents a decrease of 5.5% from the prior year.
Margins & Returns
Grand Canyon Ed Inc's operating margin was 24.0% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Grand Canyon Ed Inc's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Grand Canyon Ed Inc's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
Grand Canyon Ed Inc spent $264.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 52.9% from the prior year.
Grand Canyon Ed Inc invested $34.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.5% from the prior year.
LOPE Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $308.8M+0.2% | $308.1M+18.0% | $261.1M+5.5% | $247.5M-14.5% | $289.3M-1.1% | $292.6M+22.8% | $238.3M+4.8% | $227.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.3M-1.6% | $10.5M-30.8% | $15.1M+32.8% | $11.4M+10.1% | $10.4M-1.9% | $10.6M-26.4% | $14.4M+35.1% | $10.6M |
| Operating Income | $95.5M-11.7% | $108.1M+499.8% | $18.0M-65.2% | $51.8M-41.2% | $88.0M-12.0% | $100.0M+107.6% | $48.2M+12.8% | $42.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2K |
| Income Tax | $23.1M-7.6% | $25.0M+365.3% | $5.4M-60.0% | $13.5M-31.9% | $19.8M-10.4% | $22.1M+103.2% | $10.9M-9.1% | $12.0M |
| Net Income | $75.3M+158.3% | -$129.2M-894.0% | $16.3M-60.8% | $41.5M-42.0% | $71.6M+149.7% | -$144.1M-447.6% | $41.5M+18.9% | $34.9M |
| EPS (Diluted) | $2.80 | N/A | $0.58-60.8% | $1.48-41.3% | $2.52 | N/A | $1.42+19.3% | $1.19 |
LOPE Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $967.9M-2.5% | $992.3M-3.9% | $1.0B+1.2% | $1.0B-1.0% | $1.0B+1.3% | $1.0B+2.6% | $992.9M0.0% | $992.7M |
| Current Assets | $380.0M-5.0% | $400.2M-7.8% | $434.0M+2.7% | $422.5M-3.2% | $436.4M+3.9% | $420.0M+6.8% | $393.4M+0.9% | $389.8M |
| Cash & Equivalents | $96.1M-14.0% | $111.8M+14.9% | $97.3M-49.4% | $192.3M+33.1% | $144.5M-55.5% | $324.6M+23.2% | $263.6M+9.2% | $241.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $113.3M+34.4% | $84.3M-30.9% | $122.0M+340.6% | $27.7M-76.1% | $115.7M+39.5% | $82.9M-28.7% | $116.4M+295.2% | $29.5M |
| Goodwill | $160.8M0.0% | $160.8M0.0% | $160.8M0.0% | $160.8M0.0% | $160.8M0.0% | $160.8M0.0% | $160.8M0.0% | $160.8M |
| Total Liabilities | $271.7M+10.7% | $245.4M-10.7% | $274.8M+13.1% | $243.0M-3.1% | $250.7M+6.9% | $234.6M+2.5% | $228.8M-2.0% | $233.5M |
| Current Liabilities | $138.4M+26.1% | $109.8M-19.7% | $136.7M+14.9% | $119.0M-7.2% | $128.2M+15.5% | $111.0M+4.1% | $106.6M-0.9% | $107.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $696.2M-6.8% | $746.9M-1.5% | $758.0M-2.6% | $778.0M-0.3% | $780.7M-0.4% | $783.9M+2.6% | $764.1M+0.7% | $759.2M |
| Retained Earnings | $2.8B+2.8% | $2.7B+3.3% | $2.6B+0.6% | $2.6B+1.6% | $2.5B+2.9% | $2.5B+3.4% | $2.4B+1.8% | $2.3B |
LOPE Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $88.2M-32.4% | $130.5M+368.3% | -$48.6M-139.2% | $124.0M+83.4% | $67.6M-50.2% | $135.8M+562.2% | -$29.4M-129.8% | $98.6M |
| Capital Expenditures | $8.1M+6.7% | $7.6M-21.2% | $9.7M+12.2% | $8.6M-3.7% | $8.9M-8.2% | $9.7M+1.9% | $9.6M+6.9% | $9.0M |
| Free Cash Flow | $80.1M-34.8% | $122.9M+310.8% | -$58.3M-150.5% | $115.4M+96.6% | $58.7M-53.5% | $126.1M+423.6% | -$39.0M-143.5% | $89.6M |
| Investing Cash Flow | $24.1M+250.7% | -$16.0M-132.7% | -$6.9M+76.2% | -$28.9M+83.0% | -$169.9M-1610.5% | -$9.9M-110.9% | $91.3M+719.8% | -$14.7M |
| Financing Cash Flow | -$127.9M-27.9% | -$100.0M-153.3% | -$39.5M+16.6% | -$47.4M+39.1% | -$77.9M-20.1% | -$64.8M-63.6% | -$39.6M-2.3% | -$38.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $127.9M+27.9% | $100.0M+153.3% | $39.5M-16.6% | $47.4M-39.1% | $77.9M+20.1% | $64.8M+63.6% | $39.6M+2.3% | $38.7M |
LOPE Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 30.9%-4.2pp | 35.1%+28.2pp | 6.9%-14.0pp | 20.9%-9.5pp | 30.4%-3.8pp | 34.2%+14.0pp | 20.2%+1.4pp | 18.8% |
| Net Margin | 24.4%+66.3pp | -41.9%-48.2pp | 6.2%-10.6pp | 16.8%-8.0pp | 24.8%+74.0pp | -49.3%-66.7pp | 17.4%+2.1pp | 15.3% |
| Return on Equity | 10.8%+28.1pp | -17.3%-19.5pp | 2.1%-3.2pp | 5.3%-3.8pp | 9.2%+27.6pp | -18.4%-23.8pp | 5.4%+0.8pp | 4.6% |
| Return on Assets | 7.8%+20.8pp | -13.0%-14.6pp | 1.6%-2.5pp | 4.1%-2.9pp | 6.9%+21.1pp | -14.1%-18.3pp | 4.2%+0.7pp | 3.5% |
| Current Ratio | 2.75-0.9 | 3.65+0.5 | 3.17-0.4 | 3.55+0.1 | 3.40-0.4 | 3.78+0.1 | 3.69+0.1 | 3.63 |
| Debt-to-Equity | 0.39+0.1 | 0.33-0.0 | 0.36+0.0 | 0.310.0 | 0.32+0.0 | 0.300.0 | 0.300.0 | 0.31 |
| FCF Margin | 25.9%-13.9pp | 39.9%+62.2pp | -22.3%-68.9pp | 46.6%+26.3pp | 20.3%-22.8pp | 43.1%+59.4pp | -16.4%-55.7pp | 39.4% |
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Frequently Asked Questions
What is Grand Canyon Ed Inc's annual revenue?
Grand Canyon Ed Inc (LOPE) reported $1.1B in total revenue for fiscal year 2025. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Grand Canyon Ed Inc's revenue growing?
Grand Canyon Ed Inc (LOPE) revenue grew by 7.1% year-over-year, from $1.0B to $1.1B in fiscal year 2025.
Is Grand Canyon Ed Inc profitable?
Yes, Grand Canyon Ed Inc (LOPE) reported a net income of $216K in fiscal year 2025, with a net profit margin of 0.0%.
What is Grand Canyon Ed Inc's EBITDA?
Grand Canyon Ed Inc (LOPE) had EBITDA of $297.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Grand Canyon Ed Inc's operating margin?
Grand Canyon Ed Inc (LOPE) had an operating margin of 24.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Grand Canyon Ed Inc's net profit margin?
Grand Canyon Ed Inc (LOPE) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Grand Canyon Ed Inc's return on equity (ROE)?
Grand Canyon Ed Inc (LOPE) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Grand Canyon Ed Inc's free cash flow?
Grand Canyon Ed Inc (LOPE) generated $238.6M in free cash flow during fiscal year 2025. This represents a -5.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Grand Canyon Ed Inc's operating cash flow?
Grand Canyon Ed Inc (LOPE) generated $273.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Grand Canyon Ed Inc's total assets?
Grand Canyon Ed Inc (LOPE) had $992.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Grand Canyon Ed Inc's capital expenditures?
Grand Canyon Ed Inc (LOPE) invested $34.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Grand Canyon Ed Inc's current ratio?
Grand Canyon Ed Inc (LOPE) had a current ratio of 3.65 as of fiscal year 2025, which is generally considered healthy.
What is Grand Canyon Ed Inc's debt-to-equity ratio?
Grand Canyon Ed Inc (LOPE) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Grand Canyon Ed Inc's return on assets (ROA)?
Grand Canyon Ed Inc (LOPE) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Grand Canyon Ed Inc's Altman Z-Score?
Grand Canyon Ed Inc (LOPE) has an Altman Z-Score of 16.81, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Grand Canyon Ed Inc's Piotroski F-Score?
Grand Canyon Ed Inc (LOPE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Grand Canyon Ed Inc's earnings high quality?
Grand Canyon Ed Inc (LOPE) has an earnings quality ratio of 1265.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Grand Canyon Ed Inc?
Grand Canyon Ed Inc (LOPE) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.