secwatch.observer — SEC 8-K summary
======================================

Issuer:     Grand Canyon Education, Inc. (LOPE)
CIK:        0001434588
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001558370-22-012180
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022012180/0001558370-22-012180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022012180/lope-20220804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012180

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