Laureate Education Inc (LAUR) financial statements: income statement, balance sheet and cash flow

Laureate Education Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Laureate Education Inc reported revenue of $1.7B (+8.6% year on year) and net income of $283.8M (-4.3% year on year).

Income statement

Laureate Education Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$1.7B	$1.6B	$1.5B	$1.2B
Direct costs	$1.2B	$1.1B	$1.1B	$907.4M
General and administrative expenses	$51.1M	$45.8M	$52.6M	$64.8M
Loss on impairment of assets	$0	$0	$3.1M	$144.0K
Operating income	$431.1M	$374.0M	$338.8M	$270.0M
Interest income	$7.1M	$8.1M	$9.1M	$7.6M
Interest expense	($10.7M)	($18.1M)	($21.0M)	($16.4M)
Other income (expense), net	$7.9M	$1.2M	($325.0K)	$770.0K
Foreign currency exchange (loss) gain, net	($34.6M)	$50.7M	($75.7M)	($17.4M)
(Loss) gain on disposals of subsidiaries, net	$0	($1.3M)	$3.6M	$1.4M
Loss on debt extinguishment	$0	($31.0K)	$0	$0
Income from continuing operations before income taxes and equity in net income of affiliates	$400.9M	$414.5M	$254.5M	$245.9M
Income tax expense	($117.3M)	($119.0M)	($137.6M)	($185.4M)
Equity in net income of affiliates, net of tax	$217.0K	$237.0K	$171.0K	$258.0K
Income from continuing operations	$283.8M	$295.7M	$117.0M	$60.7M
(Loss) income from discontinued operations, net of tax benefit (expense) of $0, $0 and $508, respectively	($32.0K)	$654.0K	($9.8M)	$8.3M
Net income	$283.8M	$296.4M	$107.3M	$69.0M
Net (income) loss attributable to noncontrolling interests	($2.2M)	—	—	—
Net income attributable to Laureate Education, Inc.	$281.6M	$296.5M	$107.6M	$69.6M
Income from continuing operations, basic (in dollars per share)	$1.91	$1.93	$0.75	$0.37
Basic earnings per share (in dollars per share)	$1.91	$1.93	$0.69	$0.42
Income from continuing operations, diluted (in dollars per share)	$1.89	$1.92	$0.74	$0.36
(Loss) income from discontinued operations (in dollars per share)	$0.00	$0.00	-$0.06	—
Diluted earnings per share (in dollars per share)	$1.89	$1.92	$0.68	$0.41

Laureate Education Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$615.9M	$272.6M	$400.2M	$524.2M
Direct costs	$378.2M	$289.0M	$316.5M	$317.4M
General and administrative expenses	$14.2M	$11.1M	$12.2M	$13.5M
Operating income	$223.4M	($27.5M)	$71.5M	$193.3M
Interest income	$1.5M	$1.9M	$2.1M	$1.4M
Interest expense	($4.2M)	($3.1M)	($2.6M)	($3.1M)
Other income, net	$22.0K	$439.0K	$171.0K	$804.0K
Foreign currency exchange loss, net	($2.0M)	$1.0M	($2.3M)	($25.6M)
Income from continuing operations before income taxes and equity in net income of affiliates	$218.8M	($27.3M)	$68.8M	$166.8M
Income tax expense	($81.7M)	$5.7M	($34.5M)	($69.4M)
Income from continuing operations	$137.1M	($21.6M)	$34.4M	$97.4M
Loss from discontinued operations, net of tax of $0 for both periods	$0	$0	$6.0K	($4.0K)
Net income	$137.1M	($21.6M)	$34.4M	$97.4M
Net income attributable to noncontrolling interests	$0	$0	$108.0K	($2.3M)
Net income attributable to Laureate Education, Inc.	$137.1M	($21.6M)	$34.5M	$95.1M
Income from continuing operations, basic (in dollars per share)	$0.98	—	$0.23	$0.65
Income (loss) from discontinued operations, basic (in dollars per share)	$0.00	—	$0.00	$0.00
Basic earnings (loss) per share (in dollars per share)	$0.98	-$0.15	$0.23	$0.65
Income from continuing operations (in dollars per share)	$0.98	—	$0.23	$0.65
Income (loss) from discontinued operations, diluted (in dollars per share)	$0.00	—	$0.00	$0.00
Diluted earnings (loss) per share (in dollars per share)	$0.98	-$0.15	$0.23	$0.65

Balance sheet

Laureate Education Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$146.7M	$91.3M	$89.4M	$85.2M
Restricted cash	$5.4M	$6.5M	$7.5M	$8.6M
Accounts and notes receivable	$244.1M	$189.1M	$173.6M	$133.1M
Other receivables	$15.7M	$3.2M	$3.5M	$9.5M
Allowance for doubtful accounts	($125.1M)	($100.5M)	($85.0M)	($61.9M)
Receivables, net	$134.7M	$91.8M	$92.1M	$80.7M
Income tax receivable	$2.6M	$7.1M	$15.2M	$32.3M
Prepaid expenses and other current assets	$29.0M	$30.0M	$19.3M	$19.4M
Current assets held for sale	$0	$564.0K	$889.0K	—
Total current assets	$318.3M	$227.3M	$224.4M	$226.2M
Land	$162.6M	$127.4M	$129.2M	$127.2M
Buildings	$397.1M	$347.5M	$378.0M	$348.9M
Furniture, equipment and software	$596.5M	$504.6M	$556.1M	$494.0M
Leasehold improvements	$159.9M	$125.7M	$137.2M	$117.8M
Construction in-progress	$26.7M	$28.0M	$22.7M	$11.9M
Accumulated depreciation and amortization	($714.2M)	($619.0M)	($660.9M)	($576.4M)
Property and equipment, net	$628.6M	$514.3M	$562.2M	$523.4M
Operating lease right-of-use assets, net	$335.6M	$292.4M	$371.6M	$389.6M
Goodwill	$637.3M	$563.4M	$661.5M	$583.5M
Tradenames, net	$166.2M	$147.9M	$169.2M	$151.6M
Deferred costs, net	$4.5M	$4.7M	$5.0M	$5.3M
Deferred income taxes	$72.2M	$60.8M	$71.4M	$51.9M
Other assets	$41.9M	$40.8M	$44.9M	$40.7M
Long-term assets held for sale	$1.7M	$10.4M	$15.4M	$0
Total assets	$2.2B	$1.9B	$2.1B	$2.0B
Accounts payable	$57.1M	$35.3M	$43.2M	$42.8M
Accrued expenses	$72.7M	$61.0M	$69.5M	$50.6M
Accrued compensation and benefits	$112.6M	$91.3M	$96.7M	$85.2M
Deferred revenue and student deposits	$80.2M	$64.3M	$69.4M	$51.3M
Current portion of operating leases	$56.0M	$48.2M	$57.5M	$39.0M
Current portion of long-term debt and finance leases	$54.6M	$41.3M	$52.8M	$56.2M
Income taxes payable	$13.2M	$2.4M	$40.2M	$38.7M
Other current liabilities	$26.6M	$22.9M	$22.7M	$17.6M
Current liabilities held for sale	$0	$1.2M	$1.2M	$0
Total current liabilities	$472.9M	$367.9M	$453.2M	$381.4M
Long-term operating leases, less current portion	$331.8M	$279.0M	$360.1M	$376.9M
Long-term debt and finance leases, less current portion	$73.1M	$59.0M	$112.2M	$175.9M
Deferred compensation	$7.5M	$8.3M	$9.5M	$10.4M
Income taxes payable	$79.0M	$136.5M	$140.5M	$131.3M
Deferred income taxes	$15.6M	$12.4M	$56.5M	$89.8M
Other long-term liabilities	$37.7M	$32.0M	$34.2M	$30.8M
Long-term liabilities held for sale	$0	$8.5M	$10.3M	$0
Total liabilities	$1.0B	$903.5M	$1.2B	$1.2B
Redeemable noncontrolling interests and equity	$1.4M	$1.4M	$1.4M	$1.4M
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024	$0.00	$0.00	$0.00	$0.00

Laureate Education Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$161.7M	$157.4M	$241.0M	$135.3M
Restricted cash	$5.7M	$5.6M	$5.5M	$6.7M
Accounts and notes receivable	$285.9M	$173.5M	$189.7M	$245.3M
Other receivables	$2.0M	$2.4M	$6.2M	$8.3M
Allowance for doubtful accounts	($128.3M)	($120.4M)	($111.1M)	($107.6M)
Receivables, net	$159.5M	$55.5M	$84.7M	$145.9M
Income tax receivable	$3.9M	$19.9M	$8.8M	$3.6M
Prepaid expenses and other current assets	$34.5M	$32.2M	$30.5M	$30.4M
Total current assets	$365.4M	$270.6M	$370.5M	$323.5M
Land	$161.7M	$159.1M	$143.9M	$134.5M
Buildings	$417.2M	$408.6M	$381.6M	$365.0M
Furniture, equipment and software	$613.8M	$597.0M	$574.0M	$552.5M
Leasehold improvements	$163.6M	$160.9M	$152.0M	$145.9M
Construction in-progress	$35.0M	$28.0M	$10.8M	$24.6M
Accumulated depreciation and amortization	($744.1M)	($720.2M)	($692.3M)	($675.6M)
Property and equipment, net	$647.2M	$633.5M	$570.0M	$546.9M
Operating lease right-of-use assets, net	$466.2M	$453.8M	$283.6M	$281.2M
Goodwill	$648.3M	$635.2M	$616.4M	$602.2M
Tradenames, net	$168.1M	$165.0M	$160.7M	$157.2M
Deferred costs, net	$4.8M	$4.6M	$4.6M	$4.8M
Deferred income taxes	$78.1M	$74.6M	$66.9M	$67.5M
Other assets	$43.7M	$42.2M	$42.2M	$42.5M
Long-term assets held for sale	$1.7M	$1.7M	$1.6M	$10.2M
Total assets	$2.4B	$2.3B	$2.1B	$2.0B
Accounts payable	$57.1M	$45.7M	$55.7M	$43.1M
Accrued expenses	$83.4M	$81.5M	$73.8M	$66.7M
Accrued compensation and benefits	$99.9M	$83.9M	$98.6M	$91.3M
Deferred revenue and student deposits	$121.2M	$130.4M	$90.8M	$84.3M
Current portion of operating leases	$45.8M	$49.9M	$59.8M	$57.8M
Current portion of long-term debt and finance leases	$57.6M	$55.1M	$30.4M	$36.4M
Income taxes payable	$16.0M	$0	$13.4M	$16.5M
Other current liabilities	$32.7M	$28.2M	$36.8M	$35.4M
Total current liabilities	$513.5M	$474.7M	$459.3M	$433.1M
Long-term operating leases, less current portion	$466.2M	$457.0M	$277.7M	$276.6M
Long-term debt and finance leases, less current portion	$164.5M	$160.7M	$70.6M	$78.1M
Deferred compensation	$7.7M	$7.6M	$7.2M	$8.5M
Income taxes payable	$74.4M	$77.7M	$133.2M	$130.8M
Deferred income taxes	$15.6M	$15.5M	$14.0M	$14.1M
Other long-term liabilities	$40.1M	$38.5M	$35.1M	$32.8M
Total liabilities	$1.3B	$1.2B	$997.0M	$983.2M
Redeemable equity	$699.0K	$1.4M	$1.4M	$1.4M
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025	$0.00	$0.00	$0.00	$0.00
Common stock, par value $0.004 per share – 700,000 shares authorized, 137,749 shares issued and outstanding as of June 30, 2026 and 142,940 shares issued and outstanding as of December 31, 2025	$551000.00	$560000.00	$590000.00	$590000.00
Additional paid-in capital	$1.0B	$1.1B	$1.1B	$1.1B
Retained earnings	$390.5M	$313.0M	$358.0M	$323.5M

Cash flow statement

Laureate Education Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$283.8M	$296.4M	$107.3M	$69.0M
Depreciation and amortization expense	$74.5M	$68.2M	$69.6M	$59.1M
Amortization of operating lease right-of-use assets	$36.3M	$37.0M	$33.2M	$29.4M
Loss on impairment of assets	$0	$0	$3.1M	$144.0K
Loss (gain) on sales and disposal of subsidiaries, property and equipment and leases, net	$165.0K	($5.1M)	$9.6M	—
Non-cash interest expense	$1.6M	$1.5M	$1.0M	$1.6M
Non-cash share-based compensation expense	$13.3M	$7.8M	$7.1M	$8.8M
Bad debt expense	$61.1M	$55.8M	$43.7M	$22.0M
Deferred income taxes	($1.8M)	($38.5M)	($55.9M)	($530.0K)
Unrealized foreign currency exchange loss (gain)	$35.4M	($53.1M)	$75.5M	$13.9M
Loss on debt extinguishment	$0	$31.0K	$0	$0
Other, net	$2.9M	($2.9M)	$283.0K	$6.1M
Receivables	($93.1M)	($58.0M)	($51.7M)	($27.5M)
Prepaid expenses and other assets	$7.6M	($15.2M)	$2.6M	$4.8M
Accounts payable and accrued expenses	$17.9M	$4.7M	($4.3M)	($10.5M)
Income tax receivable/payable, net	($43.9M)	($30.6M)	$23.3M	$31.3M
Deferred revenue and other liabilities	($29.7M)	($35.4M)	($13.7M)	($19.0M)
Net cash provided by operating activities	$366.2M	$232.7M	$250.8M	$178.2M
Purchase of property and equipment	($103.0M)	($71.9M)	($56.4M)	($52.8M)
Expenditures for deferred costs	$0	($17.0K)	($20.0K)	($312.0K)
Receipts from sales of property and equipment	$289.0K	$18.0M	—	—
Net receipts (payments) related to sales of discontinued operations	$108.0K	($3.6M)	—	—
Net cash used in investing activities	($102.6M)	($57.5M)	($51.9M)	$30.3M
Proceeds from issuance of long-term debt, net of original issue discount	$126.2M	$155.1M	$153.8M	$496.3M
Payments on long-term debt	($129.1M)	($215.6M)	($243.4M)	($433.7M)
Payments to purchase noncontrolling interests	$0	$0	($123.0K)	$0
Payments of dividend equivalent rights and special dividends	($455.0K)	($1.7M)	($112.5M)	($253.2M)
Proceeds from exercise of stock options	$128.0K	$230.0K	$2.3M	$13.2M
Payments to repurchase common stock and excise tax payments	($215.2M)	($102.1M)	$0	($282.2M)
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options	-4.1M	-2.9M	-623.0K	-2.0M
Payment of debt issuance costs	$0	($79.0K)	($1.3M)	$0
Net cash used in financing activities	($222.5M)	($166.9M)	($201.9M)	($461.6M)
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash	$12.9M	($7.5M)	$6.6M	$1.2M
Change in cash included in current assets held for sale	$269.0K	$257.0K	($502.0K)	$0
Net change in Cash and cash equivalents and Restricted cash	$54.2M	$957.0K	$3.1M	($251.8M)
Cash and cash equivalents and Restricted cash at beginning of period	$97.9M	$96.9M	$93.8M	$345.6M
Cash and cash equivalents and Restricted cash at end of period	$152.1M	$97.9M	$96.9M	$93.8M

Laureate Education Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$115.5M	($21.6M)	$112.3M	$77.9M
Depreciation and amortization	$45.6M	$22.6M	$53.3M	$33.7M
Amortization of operating lease right-of-use assets	$17.4M	$9.1M	$26.5M	$17.0M
Gain on lease terminations and disposals of subsidiaries and property and equipment, net	($94.0K)	($90.0K)	($324.0K)	($265.0K)
Non-cash interest expense	$1.1M	$593.0K	$1.1M	$762.0K
Non-cash share-based compensation expense	$6.7M	$2.6M	$9.7M	$5.9M
Bad debt expense	$31.2M	$6.3M	$40.5M	$23.7M
Deferred income taxes	($4.6M)	($2.6M)	($39.0K)	($1.8M)
Unrealized foreign currency exchange loss	$651.0K	($1.5M)	$30.9M	$28.9M
Other, net	($11.9M)	$3.8M	($5.8M)	($7.1M)
Receivables	($56.0M)	$71.8M	($26.2M)	($72.3M)
Prepaid expenses and other assets	($7.8M)	($6.3M)	$834.0K	($493.0K)
Accounts payable and accrued expenses	$10.3M	($37.7M)	$17.5M	$3.4M
Income tax receivable/payable, net	($3.7M)	($31.9M)	$5.2M	$11.1M
Deferred revenue and other liabilities	$28.4M	$46.9M	$7.3M	$11.5M
Net cash provided by operating activities	$172.9M	$61.9M	$272.8M	$131.8M
Purchase of property and equipment	($35.5M)	($8.3M)	($36.1M)	($17.9M)
Receipts from sales of property and equipment	$50.0K	$29.0K	$248.0K	$134.0K
Net cash used in investing activities	($35.5M)	($8.3M)	($35.7M)	($17.7M)
Borrowings on debt	$143.0M	$95.1M	$94.5M	$86.1M
Payments on debt	($75.2M)	$23.6M	($117.1M)	($85.6M)
Payments of dividend equivalent rights for vested share-based awards	($115.0K)	($97.0K)	($455.0K)	($455.0K)
Proceeds from exercise of stock options	$82.0K	$84.0K	$128.0K	$128.0K
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options	-4.6M	-4.6M	-2.3M	-2.3M
Payments to repurchase common stock and excise tax payments	($185.9M)	($108.2M)	($71.6M)	($71.6M)
Net cash used in financing activities	($122.7M)	($41.3M)	($96.9M)	($73.8M)
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash	$581.0K	($1.4M)	$8.1M	$4.8M
Change in cash included in current assets held for sale	$0	$0	$269.0K	($815.0K)
Net change in Cash and cash equivalents and Restricted cash	$15.3M	$10.9M	$148.6M	$44.2M
Cash and cash equivalents and Restricted cash at beginning of period	$152.1M	$152.1M	$97.9M	$97.9M
Cash and cash equivalents and Restricted cash at end of period	$167.4M	$163.0M	$246.4M	$142.1M

Laureate Education Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.