HIGHOutside partyRegulatory
89.64%
federal education assistance (Strayer University)
“10-K Item 1A: 'For fiscal year 2024, Strayer University derived approximately 89.64% of its cash-basis revenues from federal education assistance.'”
STRA · Concentration risk · 10-K extracted
Strategic Education (STRA) concentration risks
Updated
The most significant concentration Strategic Education discloses is federal education assistance (Strayer University) at 89.64%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Strategic Education’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyRegulatory
67.88%
federal education assistance (Capella University)
“10-K Item 1A: 'For fiscal year 2024, Capella University derived approximately 67.88% of its cash-basis revenues from federal education assistance.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-04Strategic Education's concentration risk is centered on a single, high-band exposure across both of its main university brands: reliance on federal education assistance. Strayer University derived approximately 89.64% of its cash-basis revenues from federal education assistance in fiscal year 2024, and Capella University derived approximately 67.88% of its cash-basis revenues from the same source. Both are dependency-type exposures tied to a single funding channel rather than a diversified customer or geographic base. The gap between the two figures is worth noting: Strayer's reliance on federal aid is markedly higher than Capella's, meaning any change to federal education assistance policy, eligibility rules, or funding levels would likely hit Strayer's revenue base harder than Capella's, even though both are substantial. Because this dependency runs through both flagship brands, Strategic Education's overall business is fundamentally tied to the continuation of federal education assistance programs — a single regulatory and funding-policy risk that overshadows more conventional customer or supplier concentration concerns for this company.
For the engine’s reasoning on STRA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Education & Training Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| STRA● | Strategic Education, Inc. | 2 | 0 | 0 | 2 |
| LRN | Stride, Inc. | 1 | 1 | 0 | 2 |
| LAUR | Laureate Education, Inc. | 1 | 0 | 0 | 1 |
| LOPE | Grand Canyon Education, Inc. | 0 | 1 | 0 | 1 |
| CVSA | Covista Inc. | 0 | 0 | 0 | 0 |
| MH | McGraw Hill, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.