Grand Canyon Education ( (LOPE) ) has released its Q1 earnings. Here is a breakdown of the information Grand Canyon Education presented to its investors.
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Grand Canyon Education, Inc. (GCE) is a publicly traded education services company that partners with 22 universities to provide a comprehensive range of support services in the post-secondary education sector. The company is known for its technological solutions and operational processes that enhance educational services on a large scale.
In its first quarter of 2025, Grand Canyon Education reported a service revenue increase of 5.3% to $289.3 million, driven by a 5.8% rise in partner enrollments. The company also saw a net income increase of 5.3% to $71.6 million, with diluted net income per share rising to $2.52 from $2.29 in the previous year.
Key financial highlights include an operating income of $88.0 million, up 4.2% from the previous year, and an adjusted EBITDA of $102.0 million, marking a 3.4% increase. The company experienced a slight decrease in operating margin to 30.4% due to factors such as the leap year effect in 2024 and contract modifications with university partners.
Looking ahead, Grand Canyon Education projects a full-year 2025 service revenue between $1,079.8 million and $1,099.8 million, with an operating margin ranging from 27.3% to 28.0%. The company anticipates a diluted EPS between $8.36 and $8.70, reflecting its continued focus on growth and operational efficiency.
Overall, Grand Canyon Education’s first quarter results indicate steady growth and a positive outlook for the remainder of 2025, as the company continues to expand its partner enrollments and enhance its service offerings.