v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 189,904 $ 146,703
Restricted cash 4,129 5,372
Receivables:    
Accounts and notes receivable 242,947 244,070
Other receivables 2,523 15,735
Allowance for doubtful accounts (127,781) (125,056)
Receivables, net 117,689 134,749
Income tax receivable 5,560 2,568
Prepaid expenses and other current assets 30,195 28,956
Total current assets 347,477 318,348
Property and equipment:    
Land 161,322 162,595
Buildings 416,284 397,102
Furniture, equipment and software 621,778 596,546
Leasehold improvements 165,679 159,875
Construction in-progress 45,706 26,704
Accumulated depreciation and amortization (752,818) (714,206)
Property and equipment, net 657,951 628,616
Operating lease right-of-use assets, net 532,815 335,626
Goodwill 641,519 637,300
Tradenames, net 166,700 166,195
Deferred costs, net 5,143 4,537
Deferred income taxes 79,050 72,159
Other assets 46,134 41,888
Long-term assets held for sale 813 1,681
Total assets 2,477,602 2,206,350
Current liabilities:    
Accounts payable 55,105 57,126
Accrued expenses 95,482 72,669
Accrued compensation and benefits 107,585 112,591
Deferred revenue and student deposits 110,161 80,161
Current portion of operating leases 49,186 55,971
Current portion of long-term debt and finance leases 18,030 54,585
Income taxes payable 19,490 13,225
Other current liabilities 34,313 26,579
Total current liabilities 489,352 472,907
Long-term operating leases, less current portion 530,707 331,792
Long-term debt and finance leases, less current portion 184,671 73,123
Deferred compensation 6,275 7,482
Income taxes payable 49,573 78,979
Deferred income taxes 15,719 15,590
Other long-term liabilities 41,059 37,717
Total liabilities 1,317,356 1,017,590
Redeemable equity 699 1,398
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 135,746 shares issued and outstanding as of September 30, 2026 and 142,940 shares issued and outstanding as of December 31, 2025 543 572
Additional paid-in capital 1,027,057 1,075,460
Retained earnings 431,106 416,889
Accumulated other comprehensive loss (299,159) (304,984)
Total Laureate Education, Inc. stockholders' equity 1,159,547 1,187,937
Noncontrolling interests 0 (575)
Total stockholders' equity 1,159,547 1,187,362
Total liabilities and stockholders' equity $ 2,477,602 $ 2,206,350