Filing Flows › Grand Canyon Education (LOPE) › Q1 2026
Grand Canyon Education (LOPE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Grand Canyon Education (LOPE) reported revenue of $309M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +0.2% from the quarter before. Operating margin was 30.9%, net earnings $75.3M (24.4% of revenue).
Grand Canyon Education, Q1 2026: revenue $309M (+7% year over year), operating margin 30.9%, net earnings $75.3M, operating cash flow $88.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | +0.2% | +7% |
| Operating profit | $95.5M | -12% | +8% |
| Net earnings | $75.3M | -13% | +5% |
| Operating cash flow | $88.2M | -32% | +30% |
| Free cash flow | $80.1M | -35% | +36% |
What changed
Revenue was $308.8M in Q1 2026, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $95.5M, a 30.9% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 38% reached operating profit, above the 30% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $75.3M, up 5% year over year. The effective tax rate was 23.5%.
Operating cash flow was $88.2M (up 30% year over year), 117% of net earnings. Non-cash charges added back $3.6M of share-based compensation. Working capital and other items added $9.3M. Capital expenditures of $8.1M left free cash flow of $80.1M.
Questions
What was Grand Canyon Education's revenue in the first quarter 2026?
Grand Canyon Education (LOPE) reported revenue of $309M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +0.2% from the quarter before.
Was Grand Canyon Education profitable in the first quarter 2026?
Operating profit was $95.5M (30.9% of revenue) and net earnings $75.3M.