Filing Flows › Grand Canyon Education (LOPE) › Q2 2025
Grand Canyon Education (LOPE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Grand Canyon Education (LOPE) reported revenue of $247M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -14% from the quarter before. Operating margin was 20.9%, net earnings $41.5M (16.8% of revenue).
Grand Canyon Education, Q2 2025: revenue $247M (+9% year over year), operating margin 20.9%, net earnings $41.5M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | -14% | +9% |
| Operating profit | $51.8M | -41% | +21% |
| Net earnings | $41.5M | -42% | +19% |
| Operating cash flow | $124M | +83% | +26% |
| Free cash flow | $115M | +97% | +29% |
What changed
Revenue was $247.5M in Q2 2025, up 9% year over year and down 14% from the previous quarter.
Operating profit was $51.8M, a 20.9% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 19% margin then. Total costs grew 6% against revenue growth of 9%. Net earnings were $41.5M, up 19% year over year. The effective tax rate was 24.5%.
Operating cash flow was $124.0M (up 26% year over year), 298% of net earnings. Non-cash charges added back $3.5M of share-based compensation. Working capital and other items added $79.0M. Capital expenditures of $8.6M left free cash flow of $115.4M.
Questions
What was Grand Canyon Education's revenue in the second quarter 2025?
Grand Canyon Education (LOPE) reported revenue of $247M for the second quarter 2025 (Q2 2025), +9% from a year earlier and -14% from the quarter before.
Was Grand Canyon Education profitable in the second quarter 2025?
Operating profit was $51.8M (20.9% of revenue) and net earnings $41.5M.