- Grand Canyon Education (LOPE, Financial) achieved a 5.3% increase in Q1 2025 service revenue to $289.3 million.
- Partner enrollments grew by 5.8% to 127,779 students.
- Net income rose 5.3% to $71.6 million, with diluted EPS increasing to $2.52 from $2.29.
Grand Canyon Education, Inc. (LOPE), reported impressive financial results for the first quarter of 2025, ending March 31. Service revenue marked a notable increase, climbing 5.3% to $289.3 million compared to the same period in 2024. This growth was primarily driven by a 5.8% rise in partner enrollments, which reached 127,779 students.
The company’s operating income also saw a positive change, increasing by 4.2% to $88.0 million, although the operating margin slightly contracted to 30.4% from 30.8% year-over-year. Net income for the quarter stood at $71.6 million, reflecting a 5.3% increase from the previous year’s first quarter, while diluted earnings per share (EPS) improved by 10.0%, reaching $2.52 compared to $2.29 in Q1 2024.
Grand Canyon Education maintains a robust liquidity position with $304.7 million in cash and investments, despite a $20.0 million decrease from the year-end 2024. This decline is attributed mainly to share repurchases and capital expenditures.
Looking ahead, the company projects service revenue for the full year 2025 to range between $1,079.8 million and $1,099.8 million, with an adjusted diluted EPS forecasted to be between $8.59 and $8.93. These projections underscore GCE’s commitment to continuing its growth trajectory within the educational services sector.