Grand Canyon Education, Inc. (LOPE) Financial Statements (2025 and earlier)

Company Profile

Business Address 2600 W. CAMELBACK ROAD
PHOENIX, AZ 85017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments324,623244,506181,704600,941245,769122,272
Cash and cash equivalent324,623146,475120,409600,941245,769122,272
Short-term investments 98,03161,295   
Restricted cash and investments      300
Receivables83,43880,12780,20171,33863,77751,243
Other current assets11,91512,88911,3688,7668,6398,035
Other undisclosed current assets     15,55726,494
Total current assets:419,976337,522273,273681,045333,742208,344
Noncurrent Assets
Operating lease, right-of-use asset99,54192,45472,71957,65261,02027,770
Property, plant and equipment176,823169,699147,504136,120128,657119,734
Long-term investments and receivables     964,912969,912
Accounts and financing receivable, after allowance for credit loss     964,912969,912
Intangible assets, net (including goodwill)320,728329,147337,566345,985354,404362,823
Goodwill160,766160,766160,766160,766160,766160,766
Intangible assets, net (excluding goodwill)159,962168,381176,800185,219193,638202,057
Other noncurrent assets1,3571,6411,6871,9431,8441,706
Total noncurrent assets:598,449592,941559,476541,7001,510,8371,481,945
TOTAL ASSETS:1,018,425930,463832,7491,222,7451,844,5791,690,289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56,34144,40142,47990,50878,18158,982
Taxes payable✕✕✕✕5,8955,4056,576
Employee-related liabilities✕✕✕✕32,71434,24820,800
Accounts payable26,72117,67620,00624,30616,58314,835
Accrued liabilities29,62026,72522,47327,59321,94516,771
Deferred revenue   10 20
Debt     33,14436,228
Liability for uncertainty in income taxes 14,62613,63115,862   
Other undisclosed current liabilities39,99939,00141,3657,4267,393 
Total current liabilities:110,96697,03399,70697,944118,71895,230
Noncurrent Liabilities
Long-term debt and lease obligation    53,755131,241133,293
Long-term debt, excluding current maturities     74,630107,774
Liabilities, other than long-term debt123,606115,41695,42425,99920,29118,333
Deferred income tax liabilities26,52726,74926,19525,96220,28818,320
Other liabilities1,44441043637313
Operating lease, liability95,63588,25768,79353,75556,61125,519
Total noncurrent liabilities:123,606115,41695,42479,754151,532151,626
Total liabilities:234,572212,449195,130177,698270,250246,856
Equity
Equity, attributable to parent783,853718,014637,6191,045,0471,574,3291,443,433
Common stock541540538536533531
Treasury stock, value(2,024,370)(1,849,693)(1,711,423)(1,107,211)(303,379)(169,365)
Additional paid in capital336,736322,512309,310296,670282,467270,923
Accumulated other comprehensive income (loss) (57)(533)   
Retained earnings2,470,9462,244,7122,039,7271,855,0521,594,7081,341,344
Total equity:783,853718,014637,6191,045,0471,574,3291,443,433
TOTAL LIABILITIES AND EQUITY:1,018,425930,463832,7491,222,7451,844,5791,690,289

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues1,033,002960,899911,306896,564844,096778,643
Cost of revenue(490,466)(457,189)(423,806)(386,257)(350,546)(318,076)
Gross profit:542,536503,710487,500510,307493,550460,567
Operating expenses(267,137)(254,454)(250,000)(228,117)(216,113)(195,436)
Operating income:275,399249,256237,500282,190277,437265,131
Nonoperating income
(Investment Income, Nonoperating)		15,92010,4522,6216109154,385
Interest and debt expense (4)(33)(2)(3,601)(4,402)(11,311)
Income from continuing operations before equity method investments, income taxes:291,315259,675240,119279,199273,950258,205
Other undisclosed income from continuing operations before income taxes    52,09059,19059,297
Income from continuing operations before income taxes:291,315259,675240,119331,289333,140317,502
Income tax expense(65,081)(54,690)(55,444)(70,945)(75,944)(58,327)
Income from continuing operations:226,234204,985184,675260,344257,196259,175
Income before gain (loss) on sale of properties:✕✕✕✕260,344257,196259,175
Net income available to common stockholders, diluted:226,234204,985184,675260,344257,196259,175

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:226,234204,985184,675260,344257,196259,175
Comprehensive income:226,234204,985184,675260,344257,196259,175
Other undisclosed comprehensive income (loss), net of tax, attributable to parent57476(533)  453
Comprehensive income, net of tax, attributable to parent:226,291205,461184,142260,344257,196259,628

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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