{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000628","form_type":"8-K","ticker":"STRA","cik":"0001013934","company_name":"Strategic Education, Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.600919+00:00","generated_at":"2026-06-16T07:41:35.862878+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Strategic Education Q1 revenue down 0.9% to $256.6M; swing to operating loss of $1.3M","bullets":["Revenue $256.6M vs $258.9M in Q1 2022, down 0.9%; loss from operations of $1.3M vs income of $13.4M.","Adjusted income from operations fell to $8.2M (3.2% margin) from $19.4M (7.5% margin) a year ago.","CEO cites return to enrollment growth in U.S. Higher Education and strength in Education Technology Services.","Australia/New Zealand segment conditions expected to normalize."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000628","json":"https://secwatch.observer/filing/0001157523-23-000628.json","markdown":"https://secwatch.observer/filing/0001157523-23-000628.md","text":"https://secwatch.observer/filing/0001157523-23-000628.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013934/000115752323000628/0001157523-23-000628-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013934/000115752323000628/a53388477.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:41:35.862878+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"df241ee38bf68df5ed27f409406abae125bb813b","claim":"Strategic Education, Inc. reported the period ended March 31, 2023 results: revenue $256.6 million.","evidence_excerpt":"are optimistic about the Australia/New Zealand segment as conditions normalize.” STRATEGIC EDUCATION CONSOLIDATED RESULTS Three Months Ended March 31 Revenue decreased 0.9% to $256.6 million compared to $258.9 million for the same period in 2022. Loss from operations was $1.3 million, compared to income from operations of $13.4 million or 5.2% of revenue for the same","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013934/000115752323000628/0001157523-23-000628-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the period ended March 31, 2023"},{"label":"Revenue","value":"$256.6 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}