Laureate Education (LAUR) financial statements
Laureate Education reported revenue of $1.7B in fiscal 2025, down 7.1% a year over 9 years.
Net income was $282M and the operating margin 25.3%, against 8.8% in 2016.
Free cash flow was $263M, and the company returned $215M in net buybacks.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Laureate Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.3B | $1.1B | $1.2B | $1.0B | $1.1B | $1.2B | $1.5B | $1.6B | $1.7B |
| Cost of revenue | $2.8B | $2.8B | $904M | $949M | $802M | $814M | $907M | $1.1B | $1.1B | $1.2B |
| Gross profit | $513M | $558M | $241M | $263M | $222M | $272M | $335M | $395M | $420M | $482M |
| Selling, general and admin | $222M | $315M | $267M | $226M | $200M | $204M | $65M | $53M | $46M | $51M |
| Operating income | $291M | $235M | -$27M | $36M | -$329M | -$5M | $270M | $339M | $374M | $431M |
| Interest expense | $390M | $335M | $188M | $125M | $101M | $46M | $16M | $21M | $18M | $11M |
| Pre-tax income | $367M | -$77M | -$120M | -$120M | -$451M | -$138M | $246M | $254M | $414M | $401M |
| Income tax | $34M | -$93M | $71M | $31M | -$130M | $146M | $185M | $138M | $119M | $117M |
| Net income | $372M | $91M | $370M | $938M | -$613M | $192M | $70M | $108M | $296M | $282M |
| EPS (diluted) | $2.76 | -$1.20 | $1.73 | $4.23 | -$2.93 | $1.01 | $0.41 | $0.68 | $1.92 | $1.89 |
| Diluted shares | 134M | 172M | 213M | 222M | 210M | 190M | 168M | 158M | 154M | 149M |
| Gross margin | 15.5% | 16.7% | 21.0% | 21.7% | 21.7% | 25.0% | 27.0% | 26.6% | 26.8% | 28.3% |
| Operating margin | 8.8% | 7.1% | -2.3% | 3.0% | -32.1% | -0.4% | 21.7% | 22.8% | 23.9% | 25.3% |
| Net margin | 11.3% | 2.7% | 32.3% | 77.4% | -59.8% | 17.7% | 5.6% | 7.2% | 18.9% | 16.5% |
Balance sheet
Fiscal years, from Laureate Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $296M | $319M | $78M | $62M | $750M | $325M | $85M | $89M | $91M | $147M |
| Receivables | $335M | $311M | $225M | $260M | — | — | — | — | — | — |
| Total current assets | $1.1B | $1.3B | $1.2B | $916M | $1.4B | $544M | $226M | $224M | $227M | $318M |
| Property, plant and equipment | $2.2B | $1.4B | $1.3B | $641M | $578M | $500M | $523M | $562M | $514M | $629M |
| Goodwill | $1.8B | $1.8B | $579M | $606M | $575M | $547M | $583M | $661M | $563M | $637M |
| Total assets | $7.1B | $7.4B | $6.8B | $6.5B | $5.0B | $2.2B | $2.0B | $2.1B | $1.9B | $2.2B |
| Total current liabilities | $1.4B | $1.4B | $1.2B | $1.0B | $805M | $372M | $381M | $453M | $368M | $473M |
| Long-term debt | $3.6B | $3.0B | $2.6B | $1.1B | $900M | $105M | $176M | $112M | $59M | $73M |
| Total liabilities | $6.0B | $5.4B | $4.7B | $3.7B | $2.7B | $1.1B | $1.2B | $1.2B | $904M | $1.0B |
| Shareholders' equity | $632M | $1.6B | $2.1B | $2.8B | $2.3B | $1.1B | $776M | $950M | $960M | $1.2B |
| Net debt | $3.3B | $2.7B | $2.5B | $1.0B | $150M | -$220M | $91M | $23M | -$32M | -$74M |
Cash flow
Fiscal years, from Laureate Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $192M | $192M | $397M | $340M | $260M | -$156M | $178M | $251M | $233M | $366M |
| Capital spending | $240M | $274M | $238M | $156M | $75M | $50M | $53M | $56M | $72M | $103M |
| Free cash flow | -$48M | -$82M | $159M | $184M | $185M | -$207M | $125M | $194M | $161M | $263M |
| Stock-based compensation | $39M | $65M | $11M | $13M | $13M | $10M | $9M | $7M | $8M | $13M |
| Share buybacks (net) | — | $0 | $0 | -$264M | -$100M | -$381M | -$282M | $0 | -$102M | -$215M |
| Net borrowing | -$713M | -$140M | -$382M | -$1.4B | -$177M | -$896M | $63M | -$90M | -$60M | -$3M |
| Free cash flow margin | -1.5% | -2.5% | 13.9% | 15.2% | 18.0% | -19.0% | 10.1% | 13.1% | 10.3% | 15.5% |
Questions
What was Laureate Education's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Laureate Education generate?
$263M in fiscal 2025 (operating cash flow minus capital spending).
From Laureate Education's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.