Below are the financial statements of Grand Canyon Education, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Service revenue | 1,033,002a | 960,899a | 911,306a |
| Costs and expenses | — | — | — |
| Technology and academic services | -165,085a | -154,870a | -150,493a |
| Counseling services and support | -323,484a | -302,319a | -273,313a |
| Marketing and communication | -212,420a | -202,800a | -196,090a |
| General and administrative | -46,298a | -43,235a | -45,491a |
| Impairment and other | -1,897a | 0a | 0a |
| Amortization of intangible assets | -8,419a | -8,419a | -8,419a |
| Total costs and expenses | -757,603a | -711,643a | -673,806a |
| Operating income | 275,399a | 249,256a | 237,500a |
| Interest expense | -4a | -33a | -2a |
| Investment interest and other | 15,920a | 10,452a | 2,621a |
| Income before income taxes | 291,315a | 259,675a | 240,119a |
| Income tax expense | -65,081a | -54,690a | -55,444a |
| Net income | 226,234a | 204,985a | 184,675a |
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