---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-012180"
form_type: "8-K"
ticker: "LOPE"
cik: "0001434588"
company_name: "Grand Canyon Education, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:54:54.224289+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Grand Canyon Education Q2 net income down 48%; enrollments decline 5.7%

## Summary
- Service revenue $199.8M (-0.9% YoY); net income $25.6M (-48.3%); diluted EPS $0.80 vs $1.09.
- Operating margin fell to 16.9% from 24.9%; adjusted EBITDA $45.6M (-25.4%).
- Total partner enrollments down to 96,029 from 101,808; GCU online enrollments dropped 7.5%.
- Cash and investments $203.3M, down from $600.9M due to $528M share repurchases.
- FY2022 guidance: revenue $903M-$909M; adj. diluted EPS $5.60-$5.66.

## SEC filing metadata
- accession: 0001558370-22-012180
- form_type: 8-K
- ticker: LOPE
- cik: 0001434588
- company_name: Grand Canyon Education, Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434588/000155837022012180/0001558370-22-012180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434588/000155837022012180/lope-20220804x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-012180
- JSON: https://secwatch.observer/filing/0001558370-22-012180.json
- Plain text: https://secwatch.observer/filing/0001558370-22-012180.txt

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