---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001497"
form_type: "8-K"
ticker: "STRA"
cik: "0001013934"
company_name: "Strategic Education, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:37:16.509186+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strategic Education Q3 revenue down 2.6% to $263.1M; adj. operating income falls 41%

## Summary
- Revenue $263.1M (-2.6% YoY); income from operations $7.8M (3.0% margin) vs $7.3M (2.7%).
- Adjusted income from operations $12.2M, down from $20.7M; adjusted margin 4.6% vs 7.7%.
- CEO cites strengthening demand in U.S. Higher Education and strong ETS results.
- Australia/New Zealand segment still impacted by delayed student immigration recovery.

## SEC filing metadata
- accession: 0001157523-22-001497
- form_type: 8-K
- ticker: STRA
- cik: 0001013934
- company_name: Strategic Education, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013934/000115752322001497/0001157523-22-001497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013934/000115752322001497/a52959542.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001497
- JSON: https://secwatch.observer/filing/0001157523-22-001497.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001497.txt

## Key facts
- Earnings Releases
  Strategic Education, Inc. reported the period ended September 30, 2022 results: revenue $263.1 million.
  - Period: the period ended September 30, 2022
  - Revenue: $263.1 million
  - Result: reported results
  source text: in the long-term growth potential of the Australia/New Zealand segment.” STRATEGIC EDUCATION CONSOLIDATED RESULTS Three Months Ended September 30 Revenue decreased 2.6% to $263.1 million compared to $270.1 million for the same period in 2021. Income from operations was $7.8 million or 3.0% of revenue, compared to $7.3 million or 2.7% of revenue for the same
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013934/000115752322001497/0001157523-22-001497-index.htm

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