Grand Canyon Education Q3 Net Income Jumps 164% to $43.0M
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PHOENIX – – November 05, 2026 -- Grand Canyon Education (NASDAQ: LOPE) posted third-quarter 2026 net income of $43.0 million, up 164.3% from $16.3 million a year earlier. Adjusted EBITDA fell 3.2% to $73.5 million from $75.9 million, and adjusted net income dropped to $45.6 million from $49.7 million.
Service revenue rises 2.4% to $267.3 million on 5.2% enrollment growth
Revenue grew $6.2 million year over year. Partner enrollments reached 145,270 at September 30, up from 138,073. Revenue per student slipped slightly, mainly because the Fall semester start date removed six days of ground traditional revenue from the quarter. That shifted $7.5 million into the fourth quarter. A continued mix shift toward online students with slightly lower net tuition rates also weighed on revenue per student.