Earnings ·
Reports Q3 loss of $98.3M on $134.1M ANZ impairment, declares $0.60 quarterly dividend
STRAStrategic Education, Inc.
Strategic Education reported a net loss of $98.3 million for the third quarter ended September 30, 2026, compared to net income of $26.6 million in the prior year period. The results were heavily impacted by a non-cash impairment charge of $134.1 million related to goodwill and intangible assets associated with its Torrens University acquisition in Australia/New Zealand, driven by persistent international student immigration constraints. Consolidated revenue increased 1.6% to $325.1 million, while adjusted diluted earnings per share rose to $1.69 from $1.63 on a constant currency basis. The company also announced the declaration of a regular quarterly cash dividend of $0.60 per share, payable December 7, 2026 to shareholders of record as of November 30, 2026. Strategic Education operates in the education technology services and higher education sectors.