---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001446"
form_type: "8-K"
ticker: "LOPE"
cik: "0001434588"
company_name: "Grand Canyon Education, Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:07:23.035222+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grand Canyon Education Q4 net income down 16.5% to $71M; rev up 2.9%

## Summary
- Q4 service revenue $258.7M (+2.9% YoY); operating margin 35.1% vs 40.7%.
- Net income $71.0M (-16.5%); diluted EPS $2.30 GAAP, $2.36 adjusted.
- Full year 2022 revenue $911.3M (+1.6%); net income $184.7M (-29.1%).
- 2023 full-year revenue guidance $939M-$965M; diluted EPS $5.90-$6.47.
- Share repurchases of $604.2M in 2022; cash and investments fell to $181.7M.

## SEC filing metadata
- accession: 0001558370-23-001446
- form_type: 8-K
- ticker: LOPE
- cik: 0001434588
- company_name: Grand Canyon Education, Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434588/000155837023001446/0001558370-23-001446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434588/000155837023001446/lope-20230216x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001446
- JSON: https://secwatch.observer/filing/0001558370-23-001446.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001446.txt

## Key facts
- Earnings Releases
  Grand Canyon Education, Inc. reported fourth quarter of 2022 results: revenue Service revenue was $258.7 million for the fourth quarter of 2022, net income Net income decreased 16.5% to $71.0 million for the fourth quarter of 2022, EPS Diluted net income per share was $2.30 and $2.15 for the fourth quarters of 2022 and 2021, respectively.
  - Period: fourth quarter of 2022
  - Revenue: Service revenue was $258.7 million for the fourth quarter of 2022
  - Net income: Net income decreased 16.5% to $71.0 million for the fourth quarter of 2022
  - EPS: Diluted net income per share was $2.30 and $2.15 for the fourth quarters of 2022 and 2021, respectively
  - Result: reported results
  source text: Item 2.02. Results of Operations and Financial Condition . On February 16, 2023, the Company reported its results for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434588/000155837023001446/0001558370-23-001446-index.htm

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