Companies · LOPE
Grand Canyon Education
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Latest analysis
Updated Nov 4, 2026
LOPE Q3 2026: Online growth stalls; ground campus initiatives target 10% 2027 rebound
Grand Canyon Education's online platform posted flat new enrollments in Q3 2026 against tough comps, while total online enrollment grew 7.1% on retention strength. Total company revenue increased 2.4% to $267.3M, constrained by a $7.5M service-revenue timing shift to Q4. Management unveiled four ground-campus growth strategies for 2027—Common App adoption (projected 800 additional students), a new College of Construction and Industrial Technologies (1,500 students), Honors College expansion (400 students), and a Law School launch (300 students)—targeting 10% ground enrollment growth and return to the company's long-term 7% total enrollment and revenue growth target. Hybrid campuses delivered 14.1% enrollment growth, positioning that platform for near-term scale.
Tone: cautiousRevenue
$1.1B
LOPE 10-K · FY 2025
Revenue growth YoY
+7.1%
Founded
2008
Headquarters
Phoenix, AZ
Profile
LOPE 10-K Item 1 · Feb 18, 2026Grand Canyon Education (GCE) is a publicly traded education services company that provides technology, academic, counseling, marketing, and back-office services to colleges and universities under long-term master services agreements. Its primary partner is Grand Canyon University (GCU), an Arizona non-profit serving over 131,800 students. GCE also supports 19 additional university partners, primarily in healthcare-related academic programs delivered at off-campus classroom and laboratory sites.
Read filing description ↓ Collapse description ↑
Grand Canyon Education, Inc. is a publicly traded education services company dedicated to serving colleges and universities. GCE has developed significant technological solutions, infrastructure and operational processes to provide services to these institutions on a large scale. GCE's most significant university partner is Grand Canyon University ('GCU'), an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across ten colleges both online and on ground at its campus in Phoenix, Arizona and at eleven off-campus classroom and laboratory sites. As of December 31, 2025, GCE provided education services and support to over 136,200 students with more than 131,800 students enrolled in GCU's programs, emphases and certificates. We also provide education services to numerous university partners across the United States. In the healthcare field, we work in partnership with universities and healthcare networks across the country, offering healthcare-related academic programs at off-campus classroom and laboratory sites located near healthcare providers and developing high-quality, career-ready graduates who enter the workforce ready to meet the demands of the healthcare industry. In addition, we have provided certain services to a university partner to assist them in expanding their online graduate programs. As of December 31, 2025, GCE provides education services to 20 university partners across the United States. We seek to add additional university partners and to introduce additional programs with both our existing partners and with new partners. We have invested more than $350.0 million in the last 17 years in technology which includes the cost to develop systems that automate key processes and enable us to scale these processes to hundreds of thousands of students.
Primary products
- Technology and Academic Services
- Counseling Services and Support
- Marketing and Communication
- Back-Office Services
- Halo Learning Management System
- Mosaic AI platform
End markets
Geographies
Named customers
We earn a large percentage of our revenue through our contractual relationship as a service provider to GCU, and a decline in GCU's enrollment could significantly reduce our revenue and impact our overall financial performance.
Named competitors
“The largest companies in this sector have historically been Pearson Online Learning Services, Academic Partnerships and 2U, Inc.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Service revenue increased $73.1 million, or 7.1%, in 2025 versus 2024, driven primarily by a 7.1% increase in partner enrollments to 136,239 students.
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