secwatch.observer — SEC 8-K summary
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Issuer:     Grand Canyon Education, Inc. (LOPE)
CIK:        0001434588
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001558370-22-007031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GCE Q1 revenue $244.1M (+3% YoY), net income down 25.6% to $58.1M
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- Service revenue $244.1M (+3% YoY); partner enrollments 110,217 (-4.5% YoY).
- GAAP net income $58.1M (-25.6%), diluted EPS $1.66; adjusted EPS $1.72 (flat YoY).
- Adjusted EBITDA $90.4M (-5.4%); operating margin 31.7% vs 35.5% in Q1 2021.
- FY 2022 guidance: service revenue $907.6M-$931.6M, adjusted EPS $5.53-$6.09.
- Q1 share repurchases $399.6M; cash & investments $264.3M (down from $600.9M Dec 2021).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022007031/0001558370-22-007031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022007031/lope-20220504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer