Grand Canyon Education, Inc. (LOPE) Q2 2025 Earnings Call Transcript

Grand Canyon Education, Inc. (NASDAQ:LOPE) Q2 2025 Earnings Conference Call August 6, 2025 4:30 PM ET

Company Participants

Brian E. Mueller – Chairman & CEO
Daniel E. Bachus – Chief Financial Officer
Sarah Collins – Corporate Participant

Conference Call Participants

Jeffrey Marc Silber – BMO Capital Markets Equity Research
Steven Pawlak – Robert W. Baird & Co. Incorporated, Research Division

Operator

Good day, and thank you for standing by. Welcome to the Grand Canyon Education second quarter earnings conference call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Sarah Collins, General Counsel. Please go ahead.

Sarah Collins

Joining me on today’s call is our Chairman and CEO, Brian Mueller; and our CFO, Dan Bachus. Please note that many of our comments today will contain forward-looking statements that involve risks and uncertainties. Various factors could cause our actual results to be materially different from future results expressed or implied by such statements. These factors are discussed in our SEC filings, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. We undertake no obligation to provide updates with regard to the forward-looking statements made during this call, and we recommend that all investors review these reports thoroughly before taking a financial position in GCE.

With that, I’ll turn the call over to Brian.

Brian E. Mueller

Good afternoon, and thank you for joining Grand Canyon Education’s Second Quarter 2025 Conference Call. GCE had another strong quarter, producing online enrollment growth of 10.1% and hybrid growth, excluding the closed sites and those in teach-out, of 15.4%. With that, I would like to review the results of the 4 delivery platforms at GCE.

First, the online campus at Grand