---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001165"
form_type: "8-K"
ticker: "STRA"
cik: "0001013934"
company_name: "Strategic Education, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:31:16.596031+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# Strategic Education Q2 revenue up 5.2% to $287.7M; operating income falls to $16.8M

## Summary
- Revenue increased 5.2% to $287.7M from $273.6M; constant currency revenue up 6.8% to $292.3M.
- Income from operations fell to $16.8M (5.8% margin) from $21.9M (8.0% margin) year-over-year.
- Adjusted income from operations was $27.2M (9.5% margin) vs $29.5M (10.8% margin) in Q2 2022.
- CEO cited improving U.S. Higher Ed enrollment, strong Education Technology Services growth, and Australia/New Zealand normalization.
- No specific guidance update provided; management remains focused on 2023 growth trajectory.

## SEC filing metadata
- accession: 0001157523-23-001165
- form_type: 8-K
- ticker: STRA
- cik: 0001013934
- company_name: Strategic Education, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013934/000115752323001165/0001157523-23-001165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013934/000115752323001165/a53486538.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001165
- JSON: https://secwatch.observer/filing/0001157523-23-001165.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001165.txt

## Key facts
- Earnings Releases
  Strategic Education, Inc. reported the period ended June 30, 2023 results: revenue $287.7 million.
  - Period: the period ended June 30, 2023
  - Revenue: $287.7 million
  - Result: reported results
  source text: Three Months Ended June 30 Revenue increased 5.2% to $287.7 million compared to $273.6 million for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013934/000115752323001165/0001157523-23-001165-index.htm

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