Filing Flows › Grand Canyon Education (LOPE) › Q3 2026
Grand Canyon Education (LOPE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Grand Canyon Education (LOPE) reported revenue of $267M for the third quarter 2026 (Q3 2026), +2% from a year earlier and +1% from the quarter before. Operating margin was 19.3%, net earnings $43.0M (16.1% of revenue).
Grand Canyon Education, Q3 2026: revenue $267M (+2% year over year), operating margin 19.3%, net earnings $43.0M, operating cash flow −$25.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +1% | +2% |
| Operating profit | $51.5M | -11% | +186% |
| Net earnings | $43.0M | -6% | +164% |
| Operating cash flow | −$25.3M | -123% | — |
What changed
Revenue was $267.3M in Q3 2026, up 2% year over year and up 1% from the previous quarter.
Operating profit was $51.5M, a 19.3% margin (up 12.4 points year over year). Of the extra revenue versus Q3 2025, 539% reached operating profit, above the 7% margin then. Total costs fell 11% while revenue rose 2%. The fastest-growing cost line was General & admin (+12%). Net earnings were $43.0M, up 164% year over year. The effective tax rate was 20.0%.
Operating cash flow was −$25.3M. Non-cash charges added back $3.4M of share-based compensation. Working capital and other items used $71.7M. Capital expenditures of $10.7M exceeded it, leaving free cash flow of −$36.0M.
Questions
What was Grand Canyon Education's revenue in the third quarter 2026?
Grand Canyon Education (LOPE) reported revenue of $267M for the third quarter 2026 (Q3 2026), +2% from a year earlier and +1% from the quarter before.
Was Grand Canyon Education profitable in the third quarter 2026?
Operating profit was $51.5M (19.3% of revenue) and net earnings $43.0M.