Grand Canyon Education and GCU sign non-binding LOI to amend MSA; revenue to decline $4M-$6M in H2 2026

Grand Canyon Education, Inc.

Non-binding LOI to amend MSA; potential effective date July 1, 2026.
Term extended by 8 years; GCU forfeits right to terminate for convenience.
Service fee restructured to exclude ancillary revenue; reimbursement eliminated.
Expected revenue reduction of $4M in Q3 and $6M in Q4 2026; operating income impact less than $1M per quarter.
Definitive amended MSA still subject to negotiation; no assurance of final agreement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.