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Nasdaq · Consumer Discretionary

Grand Canyon Education, Inc. (LOPE)

As-reported financials and SEC filings for Grand Canyon Education, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Grand Canyon Education, Inc.

Grand Canyon Education, Inc. provides education services and technology solutions to colleges and universities, including its primary partner, Grand Canyon University. The company offers a range of services such as online course delivery, faculty recruitment and training, admissions, financial aid processing, and operation of off-campus classroom and laboratory sites, particularly for healthcare programs. It serves over 136,000 students through partnerships with 20 universities across the United States.

Snapshot

Revenue
$1.11B
Revenue growth (YoY)
7.1%
Net income
$216.2M
Diluted EPS
$7.71
Gross margin
—
Operating margin
24.0%
Net margin
19.5%
FCF margin
21.6%
ROE
28.9%
net income / fiscal-year-end equity
P/E
19.3×
trailing when available, otherwise FY EPS
Market cap
$4.17B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Grand Canyon Education

  • Revenue grew 7.1% to $1.1B in FY2025, in line with the 7.5% the year before.
  • Operating margin is 24.0% in FY2025, -7.4 pp against 31.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $264M, up 6.7% from Q2 FY2025.
  • Free cash flow was $239M in FY2025, 21.6% of revenue.
  • Net income fell 4.4% to $216M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Grand Canyon Education’s fundamentals sit among the 410 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin24.0%
96th percentile of 348
Net margin19.5%
96th percentile of 384
FCF margin21.6%
97th percentile of 358
Revenue growth (YoY)+7.1%
68th percentile of 401
ROE28.9%
84th percentile of 349
P/E19.3×
60th percentile of 245
Short interest6.62d
77th percentile of 408

Grand Canyon Education’s FCF margin of 21.6% ranks in the 97th percentile of the 358 Consumer Discretionary companies reporting it. Grand Canyon Education’s operating margin of 24.0% ranks in the 96th percentile of the 348 Consumer Discretionary companies reporting it. Grand Canyon Education’s net margin of 19.5% ranks in the 96th percentile of the 384 Consumer Discretionary companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$212.8M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$63.1M446.7KReduced
Millennium ManagementquantQ2 2026$36.4M254.4KAdded
Renaissance TechnologiesquantQ2 2026$33.5M234.0KAdded
Citadel AdvisorsquantQ2 2026$33.2M231.8KAdded
Gotham Asset ManagementQ2 2026$29.6M206.7KAdded
D. E. ShawquantQ2 2026$14.4M100.7KReduced
Two Sigma InvestmentsquantQ2 2026$2.5M17.4KAdded
Bridgewater AssociatesQ2 2026$217,2411.5KAdded

No longer held by: First Eagle Investment Management (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.3M
settled 2026-09-30
Change vs prior
+4.9%
vs previous settlement
Days to cover
6.62
at avg daily volume
Avg daily volume
345.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-302.3M+4.9%6.62
2026-09-152.2M+7.6%6.85
2026-08-312.0M+19.5%6.90
2026-08-141.7M-5.2%6.43
2026-07-311.8M+4.0%4.59
2026-07-151.7M+3.0%5.00
2026-06-301.7M-2.6%3.68
2026-06-151.7M+17.4%4.86

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.11B$1.03B$960.9M$911.3M$896.6M
Gross profit—————
Operating income$265.9M$275.4M$249.3M$237.5M$282.2M
Net income$216.2M$226.2M$205.0M$184.7M$260.3M
Diluted EPS$7.71$7.73$6.80$5.73$5.92

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$111.8M$324.6M$146.5M$120.4M$600.9M
Current assets$400.2M$420.0M$337.5M$273.3M$681.0M
Total assets$992.3M$1.02B$930.5M$832.7M$1.22B
Current liabilities$109.8M$111.0M$97.0M$99.7M$97.9M
Long-term debt—————
Total liabilities$245.4M$234.6M$212.4M$195.1M$177.7M
Total equity$746.9M$783.9M$718.0M$637.6M$1.05B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$273.5M$290.0M$243.7M$220.8M$313.1M
Capital expenditure$34.8M$37.2M$44.5M$35.2M$28.9M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$264.0M6.7%$45.9M$1.75
Q1 FY2026$308.8M6.7%$75.3M$2.80
Q4 FY20255.3%
Q3 FY2025$261.1M9.6%$16.3M$0.58
Q2 FY2025$247.5M8.8%$41.5M$1.48
Q1 FY2025$289.3M5.3%$71.6M$2.52
Q4 FY20245.1%
Q3 FY2024$238.3M7.4%$41.5M$1.42

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryServices-Educational Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2009
SEC CIK1434588

Selected SEC filings

10-K2026-02-18
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-10-01
View on EDGAR →
8-K2026-08-24
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-25
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.