---
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"
generated_at: "2026-06-16T07:41:35.862878+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strategic Education Q1 revenue down 0.9% to $256.6M; swing to operating loss of $1.3M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1013934/000115752323000628/0001157523-23-000628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013934/000115752323000628/a53388477.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000628
- JSON: https://secwatch.observer/filing/0001157523-23-000628.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000628.txt

## Key facts
- Earnings Releases
  Strategic Education, Inc. reported the period ended March 31, 2023 results: revenue $256.6 million.
  - Period: the period ended March 31, 2023
  - Revenue: $256.6 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1013934/000115752323000628/0001157523-23-000628-index.htm

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