Laureate Education (LAUR) Financials

$32.85 -0.12 (-0.35%)

As of 10:59 AM Eastern

Annual Income Statements for Laureate Education

This table shows Laureate Education's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-322	370	-207	381	938	-613	192	70	108	296	282
Consolidated Net Income / (Loss)	-316	366	94	371	938	-619	204	69	107	296	284
Net Income / (Loss) Continuing Operations	-316	333	16	-191	-150	-321	-283	61	117	296	284
Total Pre-Tax Income	-201	367	-77	-120	-120	-451	-138	246	254	414	401
Total Operating Income	337	291	235	-27	36	-329	-4.65	270	339	374	431
Total Gross Profit	532	513	558	241	263	222	272	335	395	420	482
Total Revenue	4,292	3,302	3,333	1,145	1,212	1,025	1,087	1,242	1,484	1,567	1,702
Operating Revenue	4,292	3,302	3,333	1,145	1,212	1,025	1,087	1,242	1,484	1,567	1,702
Total Cost of Revenue	3,760	2,789	2,775	904	949	802	814	907	1,090	1,147	1,220
Operating Cost of Revenue	3,760	2,789	2,775	904	949	802	814	907	1,090	1,147	1,220
Total Operating Expenses	195	222	323	267	227	552	277	65	56	46	51
Selling, General & Admin Expense	195	222	315	267	226	200	204	65	53	46	51
Impairment Charge	0.00	0.00	7.12	0.00	0.25	352	72	0.14	3.07	0.00	0.00
Total Other Income / (Expense), net	-538	76	-312	-93	-156	-122	-133	-24	-84	41	-30
Interest Expense	399	408	343	196	148	102	124	16	21	18	11
Interest & Investment Income	13	14	12	2.81	3.29	2.17	4.38	7.57	9.09	8.06	7.10
Other Income / (Expense), net	-152	470	20	100	-11	-22	-13	-15	-72	51	-27
Income Tax Expense	118	34	-93	71	31	-130	146	185	138	119	117
Other Gains / (Losses), net	2.50	0.09	0.15	0.00	0.22	0.17	0.00	0.26	0.17	0.24	0.22
Net Income / (Loss) Discontinued Operations	-	33	77	562	1,088	-298	487	8.26	-9.76	0.65	-0.03
Net Income / (Loss) Attributable to Noncontrolling Interest	0.40	-5.66	2.30	0.86	-0.82	-5.37	11	-0.60	-0.32	-0.08	2.15
Basic Earnings per Share	($2.44)	$2.78	($1.20)	$1.79	$4.23	($2.93)	$1.01	$0.42	$0.69	$1.93	$1.91
Weighted Average Basic Shares Outstanding	-	133.30M	172.41M	212.77M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M
Diluted Earnings per Share	($2.44)	$2.76	($1.20)	$1.73	$4.23	($2.93)	$1.01	$0.41	$0.68	$1.92	$1.89
Weighted Average Diluted Shares Outstanding	-	133.30M	172.41M	212.77M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M
Weighted Average Basic & Diluted Shares Outstanding	-	133.30M	172.41M	212.77M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M

This table shows Laureate Education's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	36	42	-11	128	85	94	-19	95	34	172	-22
Consolidated Net Income / (Loss)	36	42	-11	128	85	94	-20	97	34	172	-22
Net Income / (Loss) Continuing Operations	36	48	-11	128	85	93	-20	97	34	172	-22
Total Pre-Tax Income	69	84	-0.86	191	85	139	-17	167	69	183	-27
Total Operating Income	59	110	11	167	72	124	-13	193	71	179	-28
Total Gross Profit	70	130	21	180	83	135	-2.20	207	84	194	-16
Total Revenue	362	409	275	499	369	423	236	524	400	541	273
Operating Revenue	362	409	275	499	369	423	236	524	400	541	273
Total Cost of Revenue	291	279	254	319	286	288	238	317	317	348	289
Operating Cost of Revenue	291	279	254	319	286	288	238	317	317	348	289
Total Operating Expenses	12	20	10	14	11	11	11	13	12	14	11
Selling, General & Admin Expense	12	19	10	14	11	11	11	13	12	14	11
Total Other Income / (Expense), net	11	-26	-12	24	13	15	-4.06	-27	-2.65	3.06	0.22
Interest Expense	5.17	3.73	4.66	5.13	4.98	3.36	2.37	3.15	2.61	2.55	3.14
Interest & Investment Income	2.83	2.15	1.91	2.00	2.36	1.79	1.52	1.37	2.14	2.08	1.91
Other Income / (Expense), net	13	-25	-9.24	28	15	17	-3.21	-25	-2.18	3.53	1.46
Income Tax Expense	34	36	9.92	63	-0.47	46	2.52	69	34	11	-5.71
Other Gains / (Losses), net	0.00	0.17	-0.01	0.00	0.00	0.24	0.00	0.00	0.00	0.21	0.00
Net Income / (Loss) Discontinued Operations	0.25	-5.96	-0.06	0.39	-0.00	0.32	0.21	-0.00	0.01	-0.25	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.18	-0.13	-0.10	0.22	-0.14	-0.07	-0.06	2.34	-0.11	-0.02	0.00
Basic Earnings per Share	$0.23	$0.28	($0.07)	$0.83	$0.56	$0.61	($0.13)	$0.65	$0.23	$1.16	($0.15)
Weighted Average Basic Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M
Diluted Earnings per Share	$0.23	$0.27	($0.07)	$0.83	$0.56	$0.60	($0.13)	$0.65	$0.23	$1.14	($0.15)
Weighted Average Diluted Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M
Weighted Average Basic & Diluted Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M

This table details how cash moves in and out of Laureate Education's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-2.91	44	32	-7.32	-28	769	-522	-252	3.11	0.96	54
Net Cash From Operating Activities	170	192	192	397	340	260	-156	178	251	233	366
Net Cash From Continuing Operating Activities	170	192	192	397	340	260	-156	178	251	233	366
Net Income / (Loss) Continuing Operations	-316	366	94	371	938	-619	204	69	107	296	284
Consolidated Net Income / (Loss)	-316	366	94	371	938	-619	204	69	107	296	284
Depreciation Expense	283	265	265	240	193	144	101	59	70	68	74
Amortization Expense	-	-	0.00	0.00	123	80	44	29	33	37	36
Non-Cash Adjustments To Reconcile Net Income	326	-215	232	-178	-595	968	-423	42	140	4.05	115
Changes in Operating Assets and Liabilities, net	-123	-224	-398	-36	-319	-313	-83	-21	-100	-173	-143
Net Cash From Investing Activities	-174	297	-285	115	1,117	587	2,044	30	-52	-58	-103
Net Cash From Continuing Investing Activities	-174	297	-285	115	1,117	587	2,044	30	-52	-58	-103
Purchase of Property, Plant & Equipment	-344	-240	-274	-238	-156	-75	-50	-53	-56	-72	-103
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	0.47	0.27	18	0.29
Other Investing Activities, net	-21	-13	-19	7.49	-17	-15	-5.84	83	4.25	-3.63	0.11
Net Cash From Financing Activities	34	-446	158	-410	-1,674	-273	-2,683	-462	-202	-167	-222
Net Cash From Continuing Financing Activities	34	-446	158	-410	-1,674	-273	-2,683	-462	-202	-167	-222
Repayment of Debt	-567	-1,455	-3,215	-882	-2,537	-712	-975	-434	-245	-216	-129
Repurchase of Common Equity	-	-	0.00	0.00	-264	-100	-381	-282	-0.12	-102	-215
Payment of Dividends	-26	-27	-37	-11	-7.79	-14	-1,375	-253	-112	-1.71	-0.46
Issuance of Debt	629	709	2,900	485	1,123	528	46	496	154	155	126
Other Financing Activities, net	-1.64	-1.32	-2.15	-2.22	12	25	-2.77	11	1.69	-2.66	-3.93
Effect of Exchange Rate Changes	-34	-	-	-	5.07	-0.55	-15	1.20	6.64	-7.55	13
Other Net Changes in Cash	0.00	-0.01	-33	-110	185	196	288	0.00	-0.50	0.26	0.27

This table details how cash moves in and out of Laureate Education's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	18	-42	37	2.64	4.24	-43	19	25	104	-94	11
Net Cash From Operating Activities	109	63	33	40	119	41	58	74	141	93	62
Net Cash From Continuing Operating Activities	109	63	33	40	119	41	58	74	141	93	62
Net Income / (Loss) Continuing Operations	36	42	-11	128	85	94	-20	97	34	172	-22
Consolidated Net Income / (Loss)	36	42	-11	128	85	94	-20	97	34	172	-22
Depreciation Expense	18	18	18	17	17	16	16	18	20	21	23
Amortization Expense	8.93	9.12	9.77	9.97	9.01	8.22	8.13	8.85	9.50	9.82	9.09
Non-Cash Adjustments To Reconcile Net Income	7.95	52	19	-15	3.42	-3.36	13	39	24	38	12
Changes in Operating Assets and Liabilities, net	38	-58	-3.29	-100	4.29	-74	40	-89	53	-147	40
Net Cash From Investing Activities	-12	-26	-16	-6.59	-7.91	-27	-4.56	-13	-18	-67	-8.30
Net Cash From Continuing Investing Activities	-12	-26	-16	-6.59	-7.91	-27	-4.56	-13	-18	-67	-8.30
Purchase of Property, Plant & Equipment	-12	-30	-16	-11	-7.94	-37	-4.61	-13	-18	-67	-8.33
Sale of Property, Plant & Equipment	0.14	0.02	0.05	3.21	0.03	15	0.06	0.08	0.11	0.04	0.03
Net Cash From Financing Activities	-75	-82	18	-27	-103	-55	-35	-39	-23	-126	-41
Net Cash From Continuing Financing Activities	-75	-82	18	-27	-103	-55	-35	-39	-23	-126	-41
Repayment of Debt	-80	-76	-27	-42	-75	-72	-22	-63	-31	-12	-24
Repurchase of Common Equity	-	-	-33	-39	-29	-2.03	-39	-32	-	-144	-108
Payment of Dividends	-	-110	-1.60	-0.12	-	-	-0.39	-0.07	-	-	-0.10
Issuance of Debt	4.17	106	81	54	-	20	30	56	8.45	32	95
Other Financing Activities, net	1.67	-0.90	-1.66	0.12	0.08	-1.17	-2.30	0.09	-	-1.72	-4.52
Effect of Exchange Rate Changes	-4.65	2.64	1.12	-4.09	-3.26	-1.33	0.88	3.90	3.32	4.78	-1.41
Other Net Changes in Cash	0.25	-0.19	0.28	-0.27	0.22	0.03	-0.39	-0.42	1.08	-	0.00

This table presents Laureate Education's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	7,062	7,391	6,770	6,496	4,971	2,211	1,972	2,126	1,862	2,206
Total Current Assets	1,116	1,289	1,217	916	1,444	544	226	224	227	318
Cash & Equivalents	465	321	388	62	750	325	85	89	91	147
Restricted Cash	189	212	196	36	117	21	8.62	7.51	6.50	5.37
Accounts Receivable	-160	-163	-149	75	112	152	81	92	92	135
Prepaid Expenses	97	82	52	30	15	16	19	19	30	29
Current Deferred & Refundable Income Taxes	29	38	19	6.83	15	30	32	15	7.09	2.57
Plant, Property, & Equipment, net	2,152	1,380	1,275	641	578	500	523	562	514	629
Plant, Property & Equipment, gross	3,280	2,320	2,250	1,140	1,101	1,025	1,100	1,223	1,133	1,343
Accumulated Depreciation	1,128	939	974	499	522	526	576	661	619	714
Total Noncurrent Assets	3,795	4,722	4,277	4,940	2,949	1,167	1,223	1,339	1,120	1,259
Goodwill	1,934	1,828	1,707	606	575	547	583	661	563	637
Intangible Assets	1,354	1,203	1,152	562	226	143	152	169	148	166
Noncurrent Deferred & Refundable Income Taxes	142	152	136	49	131	39	52	71	61	72
Other Noncurrent Operating Assets	303	310	244	620	535	433	436	421	338	382
Other Noncurrent Nonoperating Assets	0.00	1,225	1,035	3,101	1,482	6.16	0.00	15	10	1.68
Total Liabilities & Shareholders' Equity	7,062	7,391	6,770	6,496	4,971	2,211	1,972	2,126	1,862	2,206
Total Liabilities	6,041	5,390	4,704	3,680	2,705	1,070	1,196	1,176	904	1,018
Total Current Liabilities	1,440	1,375	1,190	1,045	805	372	381	453	368	473
Short-Term Debt	298	157	125	91	96	87	56	110	89	111
Accounts Payable	87	70	65	63	41	27	43	43	35	57
Accrued Expenses	369	240	222	104	96	66	51	69	61	73
Customer Deposits	-	-	193	55	-	44	-	69	64	80
Current Deferred & Payable Income Tax Liabilities	30	21	18	15	30	39	39	40	2.37	13
Current Employee Benefit Liabilities	239	216	195	101	64	90	85	97	91	113
Other Current Liabilities	54	36	51	14	77	18	57	23	23	27
Total Noncurrent Liabilities	4,601	4,015	3,514	2,635	1,901	698	815	723	536	545
Long-Term Debt	3,722	3,010	2,615	1,103	900	105	176	112	59	73
Noncurrent Deferred Revenue	135	106	90	48	36	96	131	140	136	79
Noncurrent Deferred & Payable Income Tax Liabilities	452	247	218	170	86	74	90	56	12	16
Noncurrent Employee Benefit Liabilities	14	14	13	13	13	12	10	9.51	8.27	7.48
Other Noncurrent Operating Liabilities	278	231	220	548	516	402	408	394	311	370
Redeemable Noncontrolling Interest	357	416	14	12	1.72	1.71	1.40	1.40	1.40	1.40
Total Equity & Noncontrolling Interests	664	1,587	2,051	2,804	2,264	1,140	774	948	957	1,187
Total Preferred & Common Equity	632	1,575	2,061	2,817	2,277	1,141	776	950	960	1,188
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	632	1,575	2,061	2,817	2,277	1,141	776	950	960	1,188
Common Stock	2,722	3,447	3,705	3,726	3,761	2,390	2,206	1,180	1,130	1,076
Retained Earnings	-1,038	-946	-531	437	-177	16	39	42	292	417
Accumulated Other Comprehensive Income / (Loss)	-1,052	-926	-1,113	-1,074	-942	-520	-442	-272	-462	-305
Noncontrolling Interest	32	12	-10	-13	-13	-1.29	-1.87	-2.33	-2.40	-0.58

This table presents Laureate Education's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,095	2,171	2,097	2,176	2,062	1,927	1,858	2,036	2,117	2,281
Total Current Assets	279	294	280	262	289	261	228	323	370	271
Cash & Equivalents	131	112	131	126	129	134	110	135	241	157
Restricted Cash	8.64	8.85	7.59	7.62	7.64	6.31	7.13	6.73	5.46	5.63
Accounts Receivable	75	128	96	82	118	91	47	146	85	56
Prepaid Expenses	30	30	26	33	26	25	39	30	30	32
Current Deferred & Refundable Income Taxes	35	14	19	12	7.84	3.22	23	3.62	8.82	20
Plant, Property, & Equipment, net	539	562	544	567	527	508	522	547	570	633
Plant, Property & Equipment, gross	1,154	1,223	1,196	1,240	1,165	1,131	1,153	1,223	1,262	1,354
Accumulated Depreciation	615	661	652	673	639	622	631	676	692	720
Total Noncurrent Assets	1,277	1,315	1,274	1,346	1,246	1,158	1,108	1,166	1,176	1,377
Goodwill	618	659	640	673	622	579	566	602	616	635
Intangible Assets	159	169	164	171	160	151	149	157	161	165
Noncurrent Deferred & Refundable Income Taxes	56	58	58	71	67	63	57	68	67	75
Other Noncurrent Operating Assets	444	419	401	415	380	349	327	328	330	500
Other Noncurrent Nonoperating Assets	-	10	11	16	18	16	9.60	10	1.63	1.68
Total Liabilities & Shareholders' Equity	2,095	2,171	2,097	2,176	2,062	1,927	1,858	2,036	2,117	2,281
Total Liabilities	1,273	1,198	1,132	1,244	1,145	1,030	951	983	997	1,232
Total Current Liabilities	408	413	432	474	382	412	396	433	459	475
Short-Term Debt	93	115	105	108	84	74	73	94	90	105
Accounts Payable	33	37	33	36	34	44	47	43	56	46
Accrued Expenses	58	73	73	73	70	68	62	67	74	82
Customer Deposits	115	58	81	121	61	87	112	84	91	130
Current Deferred & Payable Income Tax Liabilities	13	20	16	29	15	12	0.45	16	13	0.00
Current Employee Benefit Liabilities	73	84	90	79	87	92	72	91	99	84
Other Current Liabilities	22	25	31	26	30	34	27	35	37	28
Total Noncurrent Liabilities	865	785	701	770	763	618	555	550	538	757
Long-Term Debt	215	146	83	177	203	130	91	78	71	161
Noncurrent Deferred Revenue	129	133	137	138	139	132	134	131	133	78
Noncurrent Deferred & Payable Income Tax Liabilities	95	93	89	57	53	12	13	14	14	15
Noncurrent Employee Benefit Liabilities	11	11	9.31	9.64	9.76	8.39	8.40	8.53	7.16	7.58
Other Noncurrent Operating Liabilities	416	392	372	378	349	327	300	309	313	495
Redeemable Noncontrolling Interest	1.40	1.40	1.40	1.40	1.40	1.40	1.40	1.40	1.40	1.40
Total Equity & Noncontrolling Interests	821	971	964	931	916	895	906	1,051	1,118	1,048
Total Preferred & Common Equity	823	973	966	934	918	898	908	1,051	1,119	1,049
Preferred Stock	0.00	0.00	0.00	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	822	973	966	934	918	898	908	1,051	1,119	1,049
Common Stock	2,205	1,182	1,185	1,161	1,143	1,131	1,115	1,108	1,112	1,052
Retained Earnings	13	69	105	17	128	199	246	323	358	313
Accumulated Other Comprehensive Income / (Loss)	-370	-278	-324	-245	-353	-433	-453	-380	-351	-317
Noncontrolling Interest	-2.16	-2.11	-2.29	-2.43	-2.21	-2.34	-2.46	-0.12	-0.55	-0.58

This table displays calculated financial ratios and metrics derived from Laureate Education's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-23.06%	0.95%	-65.66%	5.90%	-15.44%	6.03%	14.32%	19.48%	5.55%	8.64%
EBITDA Growth	0.00%	118.94%	-49.34%	-39.74%	8.86%	-137.50%	199.84%	169.02%	7.57%	43.49%	-2.74%
EBIT Growth	0.00%	310.23%	-66.51%	-71.34%	-66.17%	-1,523.78%	94.97%	1,541.44%	4.58%	59.39%	-4.73%
NOPAT Growth	0.00%	11.67%	-37.51%	-111.39%	234.44%	-1,014.22%	98.59%	2,141.31%	134.33%	71.36%	14.37%
Net Income Growth	0.00%	215.94%	-74.39%	295.60%	152.79%	-165.98%	132.94%	-66.15%	55.51%	176.32%	-4.26%
EPS Growth	0.00%	213.11%	-143.48%	244.17%	144.51%	-169.27%	134.47%	-59.41%	65.85%	182.35%	-1.56%
Operating Cash Flow Growth	0.00%	12.77%	-0.05%	106.53%	-14.39%	-23.61%	-160.13%	214.19%	40.71%	-7.20%	57.34%
Free Cash Flow Firm Growth	0.00%	0.00%	114.73%	-34.77%	428.32%	-97.56%	258.47%	-21.22%	-100.25%	92,916.50%	-71.38%
Invested Capital Growth	0.00%	0.00%	-10.09%	-10.52%	-58.61%	-19.29%	-15.84%	-7.87%	17.06%	-5.81%	20.92%
Revenue Q/Q Growth	0.00%	0.00%	4.63%	-59.25%	106.26%	1,164.92%	1.07%	0.00%	4.44%	0.90%	7.45%
EBITDA Q/Q Growth	0.00%	0.00%	-46.03%	-37.44%	79.42%	13.14%	34.27%	0.00%	7.47%	11.18%	10.42%
EBIT Q/Q Growth	0.00%	0.00%	-63.66%	-70.21%	484.61%	13.35%	68.32%	0.00%	8.82%	15.10%	11.58%
NOPAT Q/Q Growth	0.00%	0.00%	-17.38%	-114.57%	148.24%	24.62%	-110.74%	0.00%	147.39%	6.35%	41.60%
Net Income Q/Q Growth	0.00%	0.00%	237.32%	-25.71%	-1.22%	33.98%	-62.61%	0.00%	2.55%	21.19%	37.88%
EPS Q/Q Growth	0.00%	0.00%	21.05%	-1.70%	-5.16%	33.26%	-63.41%	0.00%	7.94%	20.75%	40.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-7.63%	17.84%	-3.68%	4.13%	-269.95%	0.00%	18.87%	-8.88%	16.81%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-61.64%	4,115.94%	-97.09%	-74.24%	-79.29%	99.96%	5.19%	-31.05%
Invested Capital Q/Q Growth	0.00%	0.00%	-9.26%	2.52%	-57.56%	-14.54%	42.21%	0.00%	5.40%	5.72%	18.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.39%	15.54%	16.73%	21.02%	21.67%	21.71%	25.05%	26.96%	26.58%	26.79%	28.33%
EBITDA Margin	10.91%	31.05%	15.58%	27.34%	28.11%	-12.47%	11.74%	27.63%	24.87%	33.82%	30.27%
Operating Margin	7.85%	8.80%	7.06%	-2.34%	2.97%	-32.13%	-0.43%	21.74%	22.83%	23.87%	25.33%
EBIT Margin	4.32%	23.03%	7.64%	6.38%	2.04%	-34.30%	-1.63%	20.50%	17.95%	27.10%	23.77%
Profit (Net Income) Margin	-7.36%	11.09%	2.81%	32.41%	77.36%	-60.37%	18.75%	5.55%	7.23%	18.92%	16.67%
Tax Burden Percent	157.44%	99.75%	-122.14%	-308.80%	-783.60%	137.23%	-148.20%	28.06%	42.15%	71.51%	70.79%
Interest Burden Percent	-108.22%	48.27%	-30.14%	-164.60%	-484.69%	128.26%	778.19%	96.53%	95.53%	97.63%	99.12%
Effective Tax Rate	0.00%	9.38%	0.00%	0.00%	0.00%	0.00%	0.00%	75.41%	54.08%	28.71%	29.26%
Return on Invested Capital (ROIC)	0.00%	12.01%	3.95%	-0.50%	1.01%	-17.47%	-0.30%	6.97%	15.68%	25.66%	27.39%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	18.12%	1.28%	22.40%	1,700.70%	14.32%	-33.81%	-41.00%	-21.61%	60.64%	-26.06%
Return on Net Nonoperating Assets (RNNOA)	0.00%	59.70%	2.25%	18.73%	37.40%	-6.88%	12.26%	0.23%	-3.25%	5.41%	-0.96%
Return on Equity (ROE)	0.00%	71.72%	6.20%	18.23%	38.41%	-24.35%	11.96%	7.20%	12.44%	31.07%	26.43%
Cash Return on Invested Capital (CROIC)	0.00%	-187.99%	14.58%	10.60%	83.91%	3.88%	16.90%	15.16%	-0.04%	31.65%	8.45%
Operating Return on Assets (OROA)	0.00%	10.77%	3.52%	1.03%	0.37%	-6.13%	-0.49%	12.18%	13.00%	21.29%	19.88%
Return on Assets (ROA)	0.00%	5.19%	1.30%	5.24%	14.14%	-10.79%	5.67%	3.30%	5.24%	14.87%	13.95%
Return on Common Equity (ROCE)	0.00%	44.40%	4.52%	16.29%	38.39%	-24.40%	12.00%	7.20%	12.45%	31.11%	26.43%
Return on Equity Simple (ROE_SIMPLE)	0.00%	57.92%	5.95%	18.00%	33.29%	-27.17%	17.86%	8.89%	11.29%	30.89%	0.00%
Net Operating Profit after Tax (NOPAT)	236	263	165	-19	25	-231	-3.25	66	156	267	305
NOPAT Margin	5.50%	7.98%	4.94%	-1.64%	2.08%	-22.49%	-0.30%	5.35%	10.48%	17.02%	17.92%
Net Nonoperating Expense Percent (NNEP)	0.00%	-6.11%	2.67%	-22.90%	-1,699.68%	-31.78%	33.51%	47.97%	37.29%	-34.98%	53.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.60%	13.30%	24.12%	22.24%
Cost of Revenue to Revenue	87.61%	84.46%	83.27%	78.98%	78.33%	78.29%	74.95%	73.04%	73.42%	73.21%	71.67%
SG&A Expenses to Revenue	4.54%	6.74%	9.46%	23.36%	18.67%	19.49%	18.81%	5.21%	3.54%	2.92%	3.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.54%	6.74%	9.68%	23.36%	18.69%	53.83%	25.48%	5.22%	3.75%	2.92%	3.00%
Earnings before Interest and Taxes (EBIT)	185	760	255	73	25	-352	-18	255	266	425	404
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	468	1,025	519	313	341	-128	128	343	369	530	515
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	1.74	1.94	2.27	2.87	4.18
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	4.40	36.58	18.07	11.10	12.91
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	1.83	1.21	1.45	1.76	2.92
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	10.32	21.60	20.05	9.30	17.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.30%	13.80%	5.11%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.69%	4.63%	4.99%	10.76%	5.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	1.85	1.80	2.13	2.78	4.10
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	1.69	1.32	1.54	1.79	2.93
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	14.37	4.78	6.18	5.30	9.69
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.44	8.57	6.61	12.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.71	14.67	10.52	16.38
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.21	9.10	12.06	13.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	9.99	11.35	0.00	8.53	53.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	3.94	1.58	1.33	0.42	0.44	0.17	0.30	0.23	0.15	0.15
Long-Term Debt to Equity	0.00	3.64	1.50	1.27	0.39	0.40	0.09	0.23	0.12	0.06	0.06
Financial Leverage	0.00	3.30	1.75	0.84	0.02	-0.48	-0.36	-0.01	0.15	0.09	0.04
Leverage Ratio	0.00	6.92	4.78	3.48	2.72	2.26	2.11	2.18	2.38	2.09	1.89
Compound Leverage Factor	0.00	3.34	-1.44	-5.73	-13.17	2.89	16.41	2.11	2.27	2.04	1.88
Debt to Total Capital	0.00%	79.74%	61.25%	57.01%	29.78%	30.53%	14.39%	23.03%	19.00%	13.41%	13.38%
Short-Term Debt to Total Capital	0.00%	5.91%	3.03%	2.59%	2.28%	2.94%	6.54%	5.57%	9.42%	8.08%	8.06%
Long-Term Debt to Total Capital	0.00%	73.83%	58.22%	54.42%	27.51%	27.59%	7.85%	17.46%	9.58%	5.33%	5.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	7.72%	8.29%	0.09%	-0.01%	-0.34%	0.03%	-0.05%	-0.08%	-0.09%	0.06%
Common Equity to Total Capital	0.00%	12.54%	30.46%	42.90%	70.23%	69.81%	85.58%	77.02%	81.08%	86.68%	86.56%
Debt to EBITDA	0.00	3.92	6.10	8.75	3.51	-7.79	1.50	0.68	0.60	0.28	0.36
Net Debt to EBITDA	0.00	3.28	5.07	6.89	3.22	-1.01	-1.21	0.40	0.34	0.10	0.06
Long-Term Debt to EBITDA	0.00	3.63	5.80	8.35	3.24	-7.04	0.82	0.51	0.30	0.11	0.14
Debt to NOPAT	0.00	15.26	19.24	-146.06	47.38	-4.32	-58.97	3.50	1.43	0.56	0.60
Net Debt to NOPAT	0.00	12.78	16.00	-114.95	43.50	-0.56	47.27	2.08	0.81	0.19	0.10
Long-Term Debt to NOPAT	0.00	14.13	18.29	-139.42	43.76	-3.90	-32.15	2.65	0.72	0.22	0.24
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	1.68	1.74	2.11	3.55	4.48
Noncontrolling Interest Sharing Ratio	0.00%	38.09%	27.02%	10.63%	0.08%	-0.23%	-0.31%	0.00%	-0.08%	-0.10%	-0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.77	0.94	1.02	0.88	1.79	1.46	0.59	0.50	0.62	0.67
Quick Ratio	0.00	0.56	0.46	0.20	0.13	1.07	1.28	0.43	0.40	0.50	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-4,123	607	396	2,093	51	183	145	-0.35	329	94
Operating Cash Flow to CapEx	49.55%	80.02%	70.11%	166.71%	218.30%	347.82%	-309.42%	340.86%	446.52%	431.61%	356.38%
Free Cash Flow to Firm to Interest Expense	0.00	-10.11	1.77	2.02	14.18	0.50	1.48	8.80	-0.02	18.13	8.83
Operating Cash Flow to Interest Expense	0.43	0.47	0.56	2.03	2.30	2.56	-1.26	10.86	11.95	12.83	34.35
Operating Cash Flow Less CapEx to Interest Expense	-0.43	-0.12	-0.24	0.81	1.25	1.82	-1.66	7.67	9.27	9.86	24.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.47	0.46	0.16	0.18	0.18	0.30	0.59	0.72	0.79	0.84
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	10.97	8.24	10.68	17.18	17.04	15.03
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	1.53	1.89	0.86	1.27	1.68	2.02	2.43	2.73	2.91	2.98
Accounts Payable Turnover	0.00	32.17	35.39	13.34	14.75	15.36	23.98	26.03	25.32	29.19	26.38
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	33.29	44.31	34.19	21.25	21.42	24.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	11.35	10.31	27.35	24.75	23.77	15.22	14.02	14.42	12.50	13.83
Cash Conversion Cycle (CCC)	0.00	-11.35	-10.31	-27.35	-24.75	9.52	29.09	20.16	6.83	8.92	10.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	4,386	3,944	3,529	1,461	1,179	992	914	1,070	1,008	1,219
Invested Capital Turnover	0.00	1.51	0.80	0.31	0.49	0.78	1.00	1.30	1.50	1.51	1.53
Increase / (Decrease) in Invested Capital	0.00	4,386	-443	-415	-2,068	-282	-187	-78	156	-62	211
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	1,833	1,641	2,282	2,806	4,994
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	1,986	1,503	2,158	2,756	4,962
Book Value per Share	$0.00	$4.74	$8.41	$9.20	$12.89	$10.84	$6.29	$4.94	$6.04	$6.37	$8.06
Tangible Book Value per Share	$0.00	($19.93)	($7.77)	($3.56)	$7.54	$7.03	$2.49	$0.26	$0.76	$1.65	$2.61
Total Capital	0.00	5,041	5,171	4,805	4,011	3,261	1,333	1,008	1,172	1,107	1,372
Total Debt	0.00	4,019	3,167	2,739	1,195	996	192	232	223	148	184
Total Long-Term Debt	0.00	3,722	3,010	2,615	1,103	900	105	176	112	59	73
Net Debt	0.00	3,365	2,634	2,156	1,097	128	-154	138	126	51	32
Capital Expenditures (CapEx)	344	240	274	238	156	75	50	52	56	54	103
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-681	-462	-432	-136	-132	-86	-193	-215	-149	-196
Debt-free Net Working Capital (DFNWC)	0.00	-27	71	152	-38	735	260	-99	-118	-51	-44
Net Working Capital (NWC)	0.00	-324	-86	27	-129	639	172	-155	-229	-141	-155
Net Nonoperating Expense (NNE)	552	-103	71	-390	-912	388	-207	-2.58	48	-30	21
Net Nonoperating Obligations (NNO)	0.00	3,365	1,940	1,463	-1,356	-1,087	-149	138	121	49	30
Total Depreciation and Amortization (D&A)	283	265	265	240	316	224	145	89	103	105	111
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-20.63%	-13.86%	-37.73%	-11.18%	-12.90%	-7.91%	-15.52%	-14.51%	-9.51%	-11.52%
Debt-free Net Working Capital to Revenue	0.00%	-0.81%	2.12%	13.25%	-3.11%	71.72%	23.89%	-7.97%	-7.98%	-3.27%	-2.59%
Net Working Capital to Revenue	0.00%	-9.83%	-2.58%	2.36%	-10.64%	62.37%	15.86%	-12.49%	-15.42%	-8.97%	-9.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.44)	$2.78	($1.20)	$1.79	$4.23	($2.93)	$1.01	$0.42	$0.69	$1.93	$1.91
Adjusted Weighted Average Basic Shares Outstanding	0.00	133.30M	187.50M	224.32M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M
Adjusted Diluted Earnings per Share	($2.44)	$2.76	($1.20)	$1.73	$4.22	($2.93)	$1.01	$0.41	$0.68	$1.92	$1.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	133.30M	187.50M	224.32M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	133.30M	187.50M	224.32M	209.39M	198.96M	178.50M	157.01M	157.59M	150.78M	142.74M
Normalized Net Operating Profit after Tax (NOPAT)	236	263	170	-19	25	16	47	189	239	267	305
Normalized NOPAT Margin	5.50%	7.98%	5.09%	-1.64%	2.09%	1.55%	4.37%	15.22%	16.12%	17.02%	17.92%
Pre Tax Income Margin	-4.67%	11.12%	-2.30%	-10.49%	-9.87%	-43.99%	-12.65%	19.79%	17.14%	26.46%	23.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.46	1.86	0.74	0.37	0.17	-3.46	-0.14	15.51	12.69	23.41	37.94
NOPAT to Interest Expense	0.59	0.65	0.48	-0.10	0.17	-2.27	-0.03	4.04	7.41	14.70	28.60
EBIT Less CapEx to Interest Expense	-0.40	1.28	-0.06	-0.84	-0.89	-4.20	-0.55	12.33	10.02	20.44	28.30
NOPAT Less CapEx to Interest Expense	-0.27	0.06	-0.32	-1.31	-0.88	-3.01	-0.43	0.86	4.74	11.73	18.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-8.18%	7.42%	39.06%	3.03%	0.83%	-2.32%	674.66%	367.06%	104.86%	0.58%	0.16%
Augmented Payout Ratio	-8.18%	7.42%	39.06%	3.03%	29.00%	-18.40%	861.38%	776.10%	104.97%	35.01%	75.98%

This table displays calculated financial ratios and metrics derived from Laureate Education's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	139,978,289.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	139,978,289.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.11%	18.22%	9.60%	8.05%	1.96%	3.41%	-14.24%	4.99%	8.57%	27.87%	15.43%
EBITDA Growth	4.70%	29.69%	166.30%	50.39%	14.67%	47.54%	-73.75%	-11.96%	-13.02%	29.39%	-28.15%
EBIT Growth	-1.46%	33.86%	114.80%	59.14%	21.86%	65.29%	-968.91%	-13.18%	-20.80%	29.77%	-58.93%
NOPAT Growth	-25.90%	14.28%	-28.79%	41.01%	139.80%	32.73%	-218.53%	1.21%	-50.72%	103.63%	-108.68%
Net Income Growth	15.93%	6.84%	59.46%	127.92%	137.14%	124.19%	-80.25%	-24.09%	-59.71%	83.33%	-10.44%
EPS Growth	21.05%	22.73%	58.82%	137.14%	143.48%	122.22%	-85.71%	-21.69%	-58.93%	90.00%	-15.38%
Operating Cash Flow Growth	-0.38%	169.06%	25.25%	-23.11%	9.23%	-35.78%	74.27%	84.08%	18.81%	129.49%	7.19%
Free Cash Flow Firm Growth	-233.38%	-170.47%	12.53%	937.89%	113.64%	255.06%	246.35%	-44.76%	-132.14%	-129.06%	-286.49%
Invested Capital Growth	0.00%	17.06%	8.79%	-4.81%	-6.10%	-5.81%	-11.62%	2.04%	8.27%	20.92%	20.69%
Revenue Q/Q Growth	-21.76%	13.25%	-32.74%	81.30%	-26.16%	14.86%	-44.22%	121.95%	-23.64%	35.27%	-49.65%
EBITDA Q/Q Growth	-33.05%	13.66%	-73.50%	645.93%	-48.95%	46.23%	-95.29%	2,401.62%	-49.57%	117.51%	-97.38%
EBIT Q/Q Growth	-41.16%	18.85%	-97.79%	10,183.58%	-54.94%	61.20%	-111.63%	1,127.52%	-58.89%	164.12%	-114.25%
NOPAT Q/Q Growth	-61.83%	106.62%	104.61%	1,332.43%	-35.09%	14.36%	-111.15%	1,323.11%	-68.40%	372.60%	-111.42%
Net Income Q/Q Growth	-36.11%	15.99%	-125.99%	1,283.18%	-33.52%	9.66%	-120.90%	598.27%	-64.71%	398.94%	-112.59%
EPS Q/Q Growth	-34.29%	17.39%	-125.93%	1,285.71%	-32.53%	7.14%	-121.67%	600.00%	-64.62%	395.65%	-113.16%
Operating Cash Flow Q/Q Growth	107.63%	-41.67%	-47.68%	21.35%	194.95%	-65.71%	41.99%	28.17%	90.37%	-33.76%	-33.68%
Free Cash Flow Firm Q/Q Growth	-4,895.61%	90.50%	75.58%	308.28%	-18.69%	7.97%	-19.96%	-21.38%	-147.31%	2.37%	-413.55%
Invested Capital Q/Q Growth	-8.86%	5.40%	0.80%	-1.71%	-10.09%	5.72%	-5.41%	13.49%	-4.60%	18.07%	-5.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.50%	31.75%	7.77%	36.10%	22.43%	31.99%	-0.93%	39.45%	20.91%	35.81%	-6.01%
EBITDA Margin	27.28%	27.38%	10.79%	44.38%	30.68%	39.06%	3.30%	37.22%	24.58%	39.53%	2.06%
Operating Margin	16.24%	26.87%	4.04%	33.37%	19.54%	29.34%	-5.59%	36.89%	17.86%	33.15%	-10.10%
EBIT Margin	19.86%	20.84%	0.69%	38.89%	23.73%	33.31%	-6.95%	32.16%	17.31%	33.80%	-9.56%
Profit (Net Income) Margin	9.95%	10.19%	-3.94%	25.71%	23.15%	22.10%	-8.28%	18.59%	8.59%	31.68%	-7.92%
Tax Burden Percent	51.81%	49.84%	1,258.47%	67.19%	100.55%	67.09%	113.34%	58.41%	49.95%	93.96%	79.08%
Interest Burden Percent	96.74%	98.15%	-45.66%	98.39%	97.00%	98.88%	105.16%	98.95%	99.32%	99.75%	104.73%
Effective Tax Rate	48.55%	43.26%	0.00%	33.02%	-0.55%	33.31%	0.00%	41.58%	50.06%	6.02%	0.00%
Return on Invested Capital (ROIC)	23.39%	22.81%	4.12%	31.78%	31.00%	29.50%	-5.88%	31.23%	14.23%	47.63%	-11.68%
ROIC Less NNEP Spread (ROIC-NNEP)	46.42%	6.85%	-7.70%	43.57%	55.15%	42.11%	-16.63%	13.21%	22.78%	54.81%	-14.85%
Return on Net Nonoperating Assets (RNNOA)	2.41%	1.03%	-1.38%	6.55%	3.16%	3.76%	-1.73%	1.15%	-0.35%	2.02%	-1.11%
Return on Equity (ROE)	25.81%	23.84%	2.74%	38.33%	34.16%	33.26%	-7.61%	32.38%	13.88%	49.66%	-12.80%
Cash Return on Invested Capital (CROIC)	-187.61%	-0.04%	7.46%	23.53%	31.76%	31.65%	37.11%	22.04%	13.75%	8.45%	9.81%
Operating Return on Assets (OROA)	26.91%	15.10%	0.48%	28.40%	18.31%	26.17%	-5.26%	24.37%	13.56%	28.28%	-8.03%
Return on Assets (ROA)	13.49%	7.38%	-2.78%	18.78%	17.86%	17.36%	-6.27%	14.08%	6.73%	26.51%	-6.65%
Return on Common Equity (ROCE)	25.83%	23.86%	2.74%	38.37%	34.19%	33.29%	-7.62%	32.38%	13.88%	49.66%	-12.80%
Return on Equity Simple (ROE_SIMPLE)	10.83%	0.00%	13.19%	21.27%	27.24%	0.00%	31.67%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	30	62	7.79	112	72	83	-9.23	113	36	169	-19
NOPAT Margin	8.36%	15.24%	2.83%	22.35%	19.65%	19.57%	-3.91%	21.55%	8.92%	31.16%	-7.07%
Net Nonoperating Expense Percent (NNEP)	-23.02%	15.95%	11.83%	-11.79%	-24.15%	-12.60%	10.75%	18.02%	-8.55%	-7.18%	3.16%
Return On Investment Capital (ROIC_SIMPLE)	-	5.33%	-	-	-	7.49%	-0.86%	9.23%	2.79%	12.30%	-1.47%
Cost of Revenue to Revenue	80.51%	68.25%	92.23%	63.90%	77.57%	68.01%	100.93%	60.55%	79.09%	64.19%	106.01%
SG&A Expenses to Revenue	3.26%	4.53%	3.73%	2.73%	2.89%	2.65%	4.65%	2.57%	3.05%	2.66%	4.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.26%	4.89%	3.73%	2.73%	2.89%	2.65%	4.65%	2.57%	3.05%	2.66%	4.08%
Earnings before Interest and Taxes (EBIT)	72	85	1.89	194	87	141	-16	169	69	183	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	99	112	30	222	113	165	7.80	195	98	214	5.60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.18	2.27	2.46	2.53	2.82	2.87	3.39	3.31	4.15	4.18	4.74
Price to Tangible Book Value (P/TBV)	13.02	18.07	25.52	16.98	15.08	11.10	15.91	11.91	13.61	12.91	20.02
Price to Revenue (P/Rev)	1.48	1.45	1.52	1.50	1.63	1.76	2.02	2.24	2.93	2.92	2.86
Price to Earnings (P/E)	20.04	20.05	18.57	11.86	10.35	9.30	10.72	13.66	22.82	17.62	17.79
Dividend Yield	9.42%	5.11%	4.80%	4.69%	4.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.99%	4.99%	5.38%	8.43%	9.66%	10.76%	9.33%	7.32%	4.38%	5.68%	5.62%
Enterprise Value to Invested Capital (EV/IC)	2.12	2.13	2.26	2.33	2.72	2.78	3.28	3.24	4.42	4.10	4.41
Enterprise Value to Revenue (EV/Rev)	1.51	1.54	1.62	1.60	1.67	1.79	2.05	2.26	2.88	2.93	2.92
Enterprise Value to EBITDA (EV/EBITDA)	6.27	6.18	6.30	5.34	5.45	5.30	6.16	7.29	9.78	9.69	9.90
Enterprise Value to EBIT (EV/EBIT)	8.79	8.57	8.69	6.99	7.04	6.61	7.70	9.22	12.59	12.35	12.86
Enterprise Value to NOPAT (EV/NOPAT)	34.22	14.67	14.86	12.21	10.35	10.52	12.44	13.62	21.19	16.38	16.90
Enterprise Value to Operating Cash Flow (EV/OCF)	10.20	9.10	9.49	10.06	10.16	12.06	12.16	12.06	14.55	13.64	13.71
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	31.62	9.65	8.30	8.53	8.30	14.87	33.43	53.07	49.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.23	0.31	0.31	0.23	0.15	0.18	0.16	0.14	0.15	0.25
Long-Term Debt to Equity	0.09	0.12	0.19	0.22	0.14	0.06	0.10	0.07	0.06	0.06	0.15
Financial Leverage	0.05	0.15	0.18	0.15	0.06	0.09	0.10	0.09	-0.02	0.04	0.08
Leverage Ratio	2.17	2.38	2.43	2.24	2.16	2.09	2.19	2.08	2.01	1.89	2.12
Compound Leverage Factor	2.10	2.33	-1.11	2.20	2.10	2.07	2.31	2.06	1.99	1.89	2.22
Debt to Total Capital	16.33%	19.00%	23.41%	23.86%	18.53%	13.41%	15.30%	14.07%	12.56%	13.38%	20.21%
Short-Term Debt to Total Capital	9.13%	9.42%	8.91%	7.01%	6.73%	8.08%	6.80%	7.69%	7.04%	8.06%	7.99%
Long-Term Debt to Total Capital	7.20%	9.58%	14.50%	16.85%	11.80%	5.33%	8.49%	6.38%	5.51%	5.33%	12.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.08%	-0.08%	-0.08%	-0.07%	-0.09%	-0.09%	-0.10%	0.10%	0.07%	0.06%	0.06%
Common Equity to Total Capital	83.75%	81.08%	76.67%	76.21%	81.56%	86.68%	84.80%	85.83%	87.38%	86.56%	79.73%
Debt to EBITDA	0.55	0.60	0.74	0.62	0.43	0.28	0.32	0.36	0.34	0.36	0.52
Net Debt to EBITDA	0.15	0.34	0.39	0.33	0.13	0.10	0.09	0.06	-0.18	0.06	0.20
Long-Term Debt to EBITDA	0.24	0.30	0.46	0.44	0.27	0.11	0.18	0.16	0.15	0.14	0.31
Debt to NOPAT	3.00	1.43	1.73	1.42	0.81	0.56	0.65	0.67	0.75	0.60	0.88
Net Debt to NOPAT	0.79	0.81	0.92	0.75	0.25	0.19	0.19	0.12	-0.40	0.10	0.34
Long-Term Debt to NOPAT	1.32	0.72	1.07	1.00	0.52	0.22	0.36	0.30	0.33	0.24	0.53
Altman Z-Score	1.89	1.83	1.70	2.31	2.48	3.05	2.82	3.32	3.84	4.15	3.23
Noncontrolling Interest Sharing Ratio	-0.09%	-0.08%	-0.05%	-0.08%	-0.10%	-0.10%	-0.11%	0.02%	0.00%	-0.01%	-0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.65	0.50	0.55	0.76	0.63	0.62	0.58	0.75	0.81	0.67	0.57
Quick Ratio	0.53	0.40	0.44	0.65	0.55	0.50	0.40	0.65	0.71	0.60	0.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-985	-94	-79	165	134	145	116	91	-43	-42	-216
Operating Cash Flow to CapEx	924.35%	213.51%	209.35%	535.04%	1,500.49%	179.58%	1,268.15%	561.48%	780.10%	139.51%	746.08%
Free Cash Flow to Firm to Interest Expense	-190.56	-25.09	-17.02	32.21	26.98	43.11	49.06	29.02	-16.57	-16.56	-68.97
Operating Cash Flow to Interest Expense	21.02	17.00	7.11	7.84	23.83	12.10	24.42	23.55	54.12	36.69	19.73
Operating Cash Flow Less CapEx to Interest Expense	18.74	9.04	3.72	6.38	22.24	5.36	22.49	19.35	47.18	10.39	17.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	0.72	0.71	0.73	0.77	0.79	0.76	0.76	0.78	0.84	0.84
Accounts Receivable Turnover	0.00	17.18	19.21	12.59	16.61	17.04	23.58	11.79	18.00	15.03	33.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	2.73	2.73	2.84	2.95	2.91	2.80	2.89	2.94	2.98	3.01
Accounts Payable Turnover	0.00	25.32	32.57	32.31	29.37	29.19	27.33	29.38	23.23	26.38	27.40
Days Sales Outstanding (DSO)	0.00	21.25	19.00	28.98	21.98	21.42	15.48	30.97	20.28	24.29	10.80
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	14.42	11.21	11.30	12.43	12.50	13.36	12.42	15.71	13.83	13.32
Cash Conversion Cycle (CCC)	0.00	6.83	7.79	17.69	9.55	8.92	2.12	18.54	4.56	10.46	-2.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,015	1,070	1,079	1,060	953	1,008	953	1,082	1,032	1,219	1,151
Invested Capital Turnover	2.80	1.50	1.46	1.42	1.58	1.51	1.50	1.45	1.60	1.53	1.65
Increase / (Decrease) in Invested Capital	1,015	156	87	-54	-62	-62	-125	22	79	211	197
Enterprise Value (EV)	2,152	2,282	2,443	2,468	2,596	2,806	3,129	3,511	4,563	4,994	5,077
Market Capitalization	2,103	2,158	2,293	2,318	2,534	2,756	3,084	3,479	4,648	4,962	4,973
Book Value per Share	$6.14	$6.04	$6.02	$5.92	$5.88	$6.37	$6.03	$7.07	$7.59	$8.06	$7.35
Tangible Book Value per Share	$1.03	$0.76	$0.58	$0.88	$1.10	$1.65	$1.29	$1.96	$2.32	$2.61	$1.74
Total Capital	1,153	1,172	1,218	1,205	1,101	1,107	1,071	1,225	1,280	1,372	1,315
Total Debt	188	223	285	287	204	148	164	172	161	184	266
Total Long-Term Debt	83	112	177	203	130	59	91	78	71	73	161
Net Debt	50	126	151	151	63	51	47	30	-86	32	103
Capital Expenditures (CapEx)	12	30	16	7.52	7.91	23	4.56	13	18	67	8.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-185	-215	-237	-145	-218	-149	-212	-157	-245	-196	-262
Debt-free Net Working Capital (DFNWC)	-46	-118	-103	-8.26	-77	-51	-95	-15	1.26	-44	-99
Net Working Capital (NWC)	-152	-229	-212	-93	-151	-141	-168	-110	-89	-155	-204
Net Nonoperating Expense (NNE)	-5.77	21	19	-17	-13	-11	10	16	1.32	-2.84	2.33
Net Nonoperating Obligations (NNO)	50	121	146	143	57	49	46	29	-87	30	101
Total Depreciation and Amortization (D&A)	27	27	28	27	26	24	24	27	29	31	32
Debt-free, Cash-free Net Working Capital to Revenue	-12.99%	-14.51%	-15.71%	-9.36%	-14.01%	-9.51%	-13.86%	-10.15%	-15.48%	-11.52%	-15.08%
Debt-free Net Working Capital to Revenue	-3.25%	-7.98%	-6.84%	-0.53%	-4.95%	-3.27%	-6.20%	-0.99%	0.08%	-2.59%	-5.70%
Net Working Capital to Revenue	-10.66%	-15.42%	-14.03%	-6.00%	-9.72%	-8.97%	-10.97%	-7.06%	-5.61%	-9.08%	-11.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.28	($0.07)	$0.83	$0.56	$0.61	($0.13)	$0.65	$0.23	$1.16	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M
Adjusted Diluted Earnings per Share	$0.23	$0.27	($0.07)	$0.83	$0.56	$0.60	($0.13)	$0.65	$0.23	$1.14	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	157.37M	157.59M	155.16M	152.55M	150.68M	150.78M	148.81M	147.36M	147.37M	142.74M	139.98M
Normalized Net Operating Profit after Tax (NOPAT)	30	62	7.79	112	50	83	-9.23	113	50	169	-19
Normalized NOPAT Margin	8.36%	15.24%	2.83%	22.35%	13.68%	19.57%	-3.91%	21.55%	12.50%	31.16%	-7.07%
Pre Tax Income Margin	19.21%	20.45%	-0.31%	38.26%	23.02%	32.94%	-7.31%	31.82%	17.20%	33.72%	-10.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.89	22.89	0.41	37.85	17.57	41.92	-6.93	53.60	26.60	71.91	-8.31
NOPAT to Interest Expense	5.84	16.74	1.67	21.76	14.55	24.63	-3.90	35.91	13.70	66.28	-6.14
EBIT Less CapEx to Interest Expense	11.62	14.93	-2.99	36.39	15.98	35.19	-8.86	49.40	19.66	45.61	-10.95
NOPAT Less CapEx to Interest Expense	3.57	8.78	-1.73	20.29	12.96	17.89	-5.83	31.72	6.76	39.98	-8.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	239.91%	104.86%	90.83%	57.37%	45.79%	0.58%	0.17%	0.18%	0.22%	0.16%	0.06%
Augmented Payout Ratio	311.73%	104.97%	117.43%	93.90%	86.65%	35.01%	37.95%	39.99%	35.99%	75.98%	100.80%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven read on Laureate Education (LAUR) using the latest four years of quarterly financial data. Below are the top trends and signals for retail investors.

Revenue growth: Lauret’s quarterly revenue has trended higher, with Q4 2025 revenue of $541.4M up from $423.4M in Q4 2024 (about +28% year over year). This suggests stronger top-line momentum entering 2026.
Gross margin improvement: Q4 2025 gross margin was about 35.8% (gross profit $193.9M on $541.4M revenue), up from mid-30% levels seen in late 2024. This points to improved efficiency or product mix.
Operating income growth: Q4 2025 operating income was $179.5M, yielding a solid operating margin in the low- to mid-30s% range, higher than several prior quarters (e.g., ~29% in Q4 2024, with improving trends across 2025).
Net income growth to shareholders: Net income attributable to common shareholders reached about $171.6M in Q4 2025, up meaningfully from $93.6M in Q4 2024, signaling stronger profitability at the bottom line.
Robust cash flow from operations: Cash from continuing operating activities stayed positive in 2025, with Q3 2025 at about $141.0M and Q4 2025 around $93.4M, indicating the business generated meaningful cash despite other uses of cash later in the year.
Modest leverage, manageable debt: Short-term debt typically around $90M and long-term debt around $70–$90M in recent quarters, with overall debt levels modest relative to assets/leverage. This supports financial flexibility without overburdening near-term cash.
Balance sheet scale and stability: Total assets hovered near $2.0–$2.1B over 2023–2025, and total equity remained robust (around $0.9–$1.1B), suggesting a solid capital base to support growth and potential returns.
Capital return activity: The company engaged in notable stock repurchases in 2024–2025, reflecting a capital returns tilt that can benefit per-share metrics if earnings remain supportive.
Financing outflows in 2025: Net cash from financing activities was negative in several 2025 quarters (e.g., Q4 2025 net financing cash flow about −$125.6M), driven by share repurchases and debt repayments, which reduced cash on hand despite positive operating cash.
Working capital pressures in some quarters: In several periods, current assets were below current liabilities (e.g., Q3 2025 current assets ~$370.5M vs. current liabilities ~$459.3M; current ratio below 1), signaling tighter near-term liquidity despite strong earnings in other periods.
Q1 2025 profitability hiccup: Q1 2025 showed a one-off profitability weakness, including negative gross profit (Total Gross Profit around −$2.0M) and a negative quarterly earnings signal, indicating some quarterly volatility that investors may want to watch.

05/22/26 09:16 AM ETAI Generated. May Contain Errors.

Laureate Education Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Laureate Education's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Laureate Education's net income appears to be on an upward trend, with a most recent value of $283.78 million in 2025, falling from -$315.85 million in 2015. The previous period was $296.40 million in 2024. See Laureate Education's forecast for analyst expectations on what's next for the company.

Laureate Education's total operating income in 2025 was $431.10 million, based on the following breakdown:

Total Gross Profit: $482.18 million
Total Operating Expenses: $51.07 million

Over the last 10 years, Laureate Education's total revenue changed from $4.29 billion in 2015 to $1.70 billion in 2025, a change of -60.3%.

Laureate Education's total liabilities were at $1.02 billion at the end of 2025, a 12.6% increase from 2024, and a 83.2% decrease since 2016.

In the past 9 years, Laureate Education's cash and equivalents has ranged from $61.58 million in 2019 to $750.15 million in 2020, and is currently $146.70 million as of their latest financial filing in 2025.

Over the last 10 years, Laureate Education's book value per share changed from 0.00 in 2015 to 8.06 in 2025, a change of 806.1%.

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Financial statements for NASDAQ:LAUR last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Laureate Education (LAUR) Financials

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Laureate Education (LAUR) Financials

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Quarterly Metrics And Ratios for Laureate Education

Financials Breakdown Chart

Key Financial Trends

Laureate Education Financials - Frequently Asked Questions

When does Laureate Education's fiscal year end?

How has Laureate Education's net income changed over the last 10 years?

What is Laureate Education's operating income?

How has Laureate Education's revenue changed over the last 10 years?

How much debt does Laureate Education have?

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How has Laureate Education's book value per share changed over the last 10 years?

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