Filing Flows › Grand Canyon Education (LOPE) › Q4 2025
Grand Canyon Education (LOPE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Grand Canyon Education (LOPE) reported revenue of $308M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +18% from the quarter before. Operating margin was 35.1%, net earnings $86.7M (28.1% of revenue).
Grand Canyon Education, Q4 2025: revenue $308M (+5% year over year), operating margin 35.1%, net earnings $86.7M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +18% | +5% |
| Operating profit | $108M | +500% | +8% |
| Net earnings | $86.7M | +433% | +6% |
| Operating cash flow | $130M | — | -4% |
| Free cash flow | $123M | — | -3% |
What changed
Revenue was $308.1M in Q4 2025, up 5% year over year and up 18% from the previous quarter.
Operating profit was $108.1M, a 35.1% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 34% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $86.7M, up 6% year over year. The effective tax rate was 22.4%.
Operating cash flow was $130.5M (down 4% year over year), 150% of net earnings. Non-cash charges added back $3.2M of share-based compensation. Working capital and other items added $40.5M. Capital expenditures of $7.6M left free cash flow of $122.9M.
Questions
What was Grand Canyon Education's revenue in the fourth quarter 2025?
Grand Canyon Education (LOPE) reported revenue of $308M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +18% from the quarter before.
Was Grand Canyon Education profitable in the fourth quarter 2025?
Operating profit was $108M (35.1% of revenue) and net earnings $86.7M.