---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-106979"
form_type: "8-K"
ticker: "LOPE"
cik: "0001434588"
company_name: "Grand Canyon Education, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:14:25.476767+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Grand Canyon Education Q3 2025 revenue rises 9.6% but net income drops 60.8% on $35M litigation settlement

## Summary
- Q3 service revenue $261.1M (+9.6% YoY), enrollments up 7.9% to 138,073.
- GAAP net income fell 60.8% to $16.3M, hit by $35M reserve for qui tam lawsuit settlement.
- Adjusted diluted EPS rose to $1.78 from $1.48; adjusted EBITDA up 14.4% to $75.9M.
- GCU enrollments increased 7.7% to 132,486; off-campus site enrollments up 17.4%.
- Full year 2025 revenue guidance $1.103B-$1.108B, adjusted diluted EPS $9.02-$9.13.

## SEC filing metadata
- accession: 0001104659-25-106979
- form_type: 8-K
- ticker: LOPE
- cik: 0001434588
- company_name: Grand Canyon Education, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434588/000110465925106979/0001104659-25-106979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434588/000110465925106979/lope-20251105x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-106979
- JSON: https://secwatch.observer/filing/0001104659-25-106979.json
- Plain text: https://secwatch.observer/filing/0001104659-25-106979.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.