Q3 Enrollments Climb at Grand Canyon Education, Masking GAAP Noise

Grand Canyon Education, Inc. (NASDAQ:LOPE) is one of the best EdTech stocks to buy now.

On November 5, 2025, Grand Canyon Education reported Q3 results that showed the core engine – partner enrollments and off-campus nursing sites – still grinding higher even as one-time items weighed on GAAP profit. Service revenue rose on the back of 7.9% partner-enrollment growth, led by Grand Canyon University online and faster expansion at accelerated BSN classroom-and-lab sites, where economics are richer for GCE under its partner agreements.

Management also flagged contract tweaks with certain universities that lower GCE’s revenue share but remove reimbursements for some faculty costs, pressuring revenue per student while improving underlying efficiency. A litigation-related reserve hit operating income this quarter, but on an adjusted basis margins improved year over year, showing resilient demand for the company’s scaled services platform across 20 university partners. The company issued Q4 2025 guidance, including service revenue of $305–$310 million and diluted EPS of $3.07–$3.18.

Grand Canyon Education, Inc. (NASDAQ:LOPE) is based in Phoenix. It's a technology-enabled education services provider. It supplies enrollment marketing, learning-management technology, student-support operations, and clinical-site build-outs to universities, most notably Grand Canyon University, helping partners grow online and ground programs at scale.

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