Filing Flows › Grand Canyon Education (LOPE) › Q1 2025
Grand Canyon Education (LOPE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Grand Canyon Education (LOPE) reported revenue of $289M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was 30.4%, net earnings $71.6M (24.8% of revenue).
Grand Canyon Education, Q1 2025: revenue $289M (+5% year over year), operating margin 30.4%, net earnings $71.6M, operating cash flow $67.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $289M | -1% | +5% |
| Operating profit | $88.0M | -12% | +4% |
| Net earnings | $71.6M | -13% | +5% |
| Operating cash flow | $67.6M | -50% | -20% |
| Free cash flow | $58.7M | -53% | -23% |
What changed
Revenue was $289.3M in Q1 2025, up 5% year over year and down 1% from the previous quarter.
Operating profit was $88.0M, a 30.4% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, below the 31% margin then. Total costs grew 6% against revenue growth of 5%. Net earnings were $71.6M, up 5% year over year. The effective tax rate was 21.6%.
Operating cash flow was $67.6M (down 20% year over year), 94% of net earnings. Non-cash charges added back $3.6M of share-based compensation. Working capital and other items used $7.6M. Capital expenditures of $8.9M left free cash flow of $58.7M.
Questions
What was Grand Canyon Education's revenue in the first quarter 2025?
Grand Canyon Education (LOPE) reported revenue of $289M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before.
Was Grand Canyon Education profitable in the first quarter 2025?
Operating profit was $88.0M (30.4% of revenue) and net earnings $71.6M.