Laureate Education, Inc. (LAUR) Balance Sheet
LAUR balance sheet, 2025
December 31, 2025 · U.S. dollars$2.21B assets = $1.02B liabilities + $1.19B equity
Both columns are drawn to the same scale: what LAUR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LAUR financial health
Current ratio0.67
Tight · current assets cover current liabilities 0.67×
Debt / equity0.43
Low leverage · $0.43 of debt for each $1 of equity
Equity / assets53.8%
Equity-funded · of assets funded by shareholders
Cash / debt28.5%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles36.4%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
LAUR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.10B2016 | $2.21B2025 | −12.2%/yr | |
| Total liabilities | $6.41B2016 | $1.02B2025 | −18.5%/yr | |
| Shareholders’ equity | $688.3M2016 | $1.19B2025 | +6.3%/yr | |
| Cash & short-term investments | $465.0M2016 | $146.7M2025 | −12.0%/yr | |
| Total debt | $3.90B2016 | $515.5M2025 | −20.1%/yr | |
| Net cash (debt) | −$3.44B2016 | −$368.8M2025 | +$3.1B | |
| Working capital | $167.7M2016 | −$154.6M2025 | −$322.3M | |
| Book value per share | $5.162016 | $7.992025 | +5.0%/yr | |
| Current ratio | 1.162016 | 0.672025 | −0.49 | |
| Debt / equity | 5.672016 | 0.432025 | −5.23 | |
| Shares outstanding | 133.4M2016 | 148.7M2025 | +1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LAUR assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
LAUR liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
LAUR debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LAUR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $146.7M | $91.3M | $89.4M | $85.2M | $324.8M | $867.3M | $97.8M | $388.5M | $320.6M | $465.0M |
| Cash & equivalents | $146.7M | $91.3M | $89.4M | $85.2M | $324.8M | $867.3M | $97.8M | $388.5M | $320.6M | $465.0M |
| Short-term investments | — | $50,000 | — | — | — | — | — | — | $224.9M | $189.3M |
| Receivables | $137.3M | $98.9M | $107.3M | $113.0M | $182.5M | $126.4M | $81.9M | $249.3M | $349.3M | $334.8M |
| Inventory | $0 | $0 | $8.4M | $0 | $1 | $435.0M | $83.8M | $306.4M | $259.1M | $0 |
| Other current assets | $34.3M | $37.1M | $19.3M | $28.0M | $37.0M | $15.0M | $652.6M | $273.0M | $359.7M | $426.0M |
| Total current assets | $318.3M | $227.3M | $224.4M | $226.2M | $544.3M | $1.44B | $916.1M | $1.22B | $1.29B | $1.23B |
| Property, plant & equipment (net) | $964.2M | $806.6M | $933.8M | $913.0M | $883.8M | $1.04B | $1.16B | $1.28B | $1.38B | $2.15B |
| Goodwill & intangible assets | $803.5M | $711.3M | $830.7M | $735.1M | $689.6M | $800.4M | $1.17B | $2.86B | $3.03B | $3.33B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $1.3M | $0 | $3.3M | $48.2M | $65.6M |
| Other non-current assets | $120.3M | $116.8M | $136.7M | $97.9M | $93.6M | $1.68B | $3.25B | $1.41B | $1.64B | $325.9M |
| Total assets | $2.21B | $1.86B | $2.13B | $1.97B | $2.21B | $4.97B | $6.50B | $6.77B | $7.39B | $7.10B |
| Liabilities | ||||||||||
| Accounts payable | $57.1M | $35.3M | $43.2M | $42.8M | $26.9M | $41.1M | $63.4M | $491.3M | $70.1M | $695.2M |
| Short-term debt | $110.6M | $89.4M | $110.3M | $95.2M | $87.2M | $140.4M | $91.3M | $101.9M | $121.9M | $179.0M |
| Deferred revenue | $80.2M | $64.3M | $69.4M | $51.3M | $44.0M | $47.2M | $54.8M | $193.2M | $184.1M | $362.9M |
| Total current liabilities | $472.9M | $367.9M | $453.2M | $381.4M | $371.9M | $804.6M | $1.05B | $684.5M | $1.37B | $1.06B |
| Long-term debt | $73.1M | $59.0M | $112.2M | $175.9M | $104.6M | $899.9M | $1.27B | $2.61B | $3.01B | $3.72B |
| Lease obligations | $387.8M | $327.1M | $417.6M | $415.9M | $415.3M | $571.8M | $883.9M | — | — | — |
| Other long-term liabilities | $471.6M | $476.6M | $611.0M | $639.2M | $593.5M | $1.00B | $1.36B | $1.41B | $1.41B | $1.63B |
| Total liabilities | $1.02B | $903.5M | $1.18B | $1.20B | $1.07B | $2.71B | $3.68B | $4.70B | $5.79B | $6.41B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $572,000 | $604,000 | $630,000 | $923,000 | $915,000 | $911,000 | $905,000 | $897,000 | $3.45B | $534,000 |
| Retained earnings (deficit) | $416.9M | $291.6M | $41.9M | $39.2M | $15.5M | −$176.8M | $436.5M | −$530.9M | −$946.2M | −$1.04B |
| Treasury stock | — | — | — | −$1.03B | −$744.2M | −$365.3M | −$271.1M | — | $0 | — |
| Accumulated other comprehensive income | −$305.0M | −$462.2M | −$272.1M | −$442.4M | −$520.2M | −$942.0M | −$1.07B | −$1.11B | −$925.6M | −$1.05B |
| Minority interest | $823,000 | −$1.0M | −$931,000 | −$1.9M | −$1.3M | −$12.9M | −$12.8M | −$10.1M | $12.1M | — |
| Total shareholders' equity | $1.19B | $959.5M | $950.1M | $774.4M | $1.14B | $2.28B | $2.82B | $2.07B | $1.60B | $688.3M |
| Key figures | ||||||||||
| Total debt | $515.5M | $427.4M | $582.7M | $648.0M | $569.0M | $1.51B | $1.71B | $2.72B | $3.13B | $3.90B |
| Net cash (debt) | −$368.8M | −$336.1M | −$493.3M | −$562.8M | −$244.2M | −$647.6M | −$1.61B | −$2.33B | −$2.81B | −$3.44B |
| Working capital | −$154.6M | −$140.6M | −$228.8M | −$155.2M | $172.4M | $639.2M | −$129.0M | $532.7M | −$85.9M | $167.7M |
| Tangible book value | $384.4M | $248.2M | $119.4M | $39.3M | $450.0M | $1.48B | $1.65B | −$795.0M | −$1.43B | −$2.65B |
| Book value per share | $7.99 | $6.24 | $6.02 | $4.60 | $6.01 | $10.86 | $12.69 | $9.71 | $9.29 | $5.16 |
| Shares outstanding | 148.7M | 153.9M | 157.9M | 168.3M | 189.7M | 209.7M | 221.9M | 212.8M | 172.4M | 133.4M |
| Current ratio | 0.67 | 0.62 | 0.50 | 0.59 | 1.46 | 1.79 | 0.88 | 1.78 | 0.94 | 1.16 |
| Quick ratio | 0.60 | 0.52 | 0.43 | 0.52 | 1.36 | 1.24 | 0.17 | 0.93 | 0.49 | 0.76 |
| Debt / equity | 0.43 | 0.45 | 0.61 | 0.84 | 0.50 | 0.67 | 0.61 | 1.32 | 1.96 | 5.67 |
| Equity / assets | 53.8% | 51.5% | 44.7% | 39.3% | 51.5% | 45.8% | 43.4% | 30.5% | 21.7% | 9.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $161.7M | $157.4M | $146.7M | $241.0M | $135.3M | $109.8M | $91.4M | $140.7M | $136.5M | $133.8M | $89.4M | $130.9M |
| Cash & equivalents | $161.7M | $157.4M | $146.7M | $241.0M | $135.3M | $109.8M | $91.3M | $134.4M | $136.5M | $133.8M | $89.4M | $130.9M |
| Short-term investments | — | — | — | — | — | — | $50,000 | $6.3M | — | — | — | — |
| Receivables | $163.5M | $75.4M | $137.3M | $93.6M | $149.5M | $70.8M | $98.9M | $94.4M | $125.3M | $94.4M | $107.3M | $114.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $8.4M | $0 |
| Other current assets | $40.2M | $37.9M | $34.3M | $35.9M | $38.6M | $47.5M | $37.0M | $25.9M | $27.2M | $34.2M | $19.3M | $34.0M |
| Total current assets | $365.4M | $270.6M | $318.3M | $370.5M | $323.5M | $228.1M | $227.3M | $261.0M | $289.1M | $262.4M | $224.4M | $279.3M |
| Property, plant & equipment (net) | $1.11B | $1.09B | $964.2M | $853.6M | $828.1M | $804.1M | $806.6M | $810.7M | $860.1M | $931.6M | $933.8M | $900.0M |
| Goodwill & intangible assets | $816.4M | $800.2M | $803.5M | $777.1M | $759.3M | $714.7M | $711.3M | $729.7M | $781.5M | $843.8M | $830.7M | $804.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $128.3M | $123.0M | $120.3M | $115.4M | $125.0M | $111.3M | $116.8M | $125.7M | $131.1M | $138.6M | $136.7M | $113.6M |
| Total assets | $2.42B | $2.28B | $2.21B | $2.12B | $2.04B | $1.86B | $1.86B | $1.93B | $2.06B | $2.18B | $2.13B | $2.10B |
| Liabilities | ||||||||||||
| Accounts payable | $57.1M | $45.7M | $57.1M | $55.7M | $43.1M | $47.0M | $35.3M | $44.2M | $33.8M | $35.8M | $43.2M | $33.3M |
| Short-term debt | $103.3M | $105.0M | $110.6M | $90.1M | $94.2M | $72.9M | $89.4M | $74.1M | $84.4M | $108.5M | $110.3M | $105.3M |
| Deferred revenue | $121.2M | $130.4M | $80.2M | $90.8M | $84.3M | $112.5M | $64.3M | $86.8M | $61.4M | $121.3M | $69.4M | $81.0M |
| Total current liabilities | $513.5M | $474.7M | $472.9M | $459.3M | $433.1M | $395.7M | $367.9M | $411.9M | $381.7M | $474.1M | $453.2M | $431.5M |
| Long-term debt | $164.5M | $160.7M | $73.1M | $70.6M | $78.1M | $91.0M | $59.0M | $129.8M | $203.0M | $176.6M | $112.2M | $132.1M |
| Lease obligations | $511.9M | $506.9M | $387.8M | $337.4M | $334.4M | $321.3M | $327.1M | $347.3M | $372.4M | $402.1M | $417.6M | $393.2M |
| Other long-term liabilities | $604.0M | $596.2M | $471.6M | $467.1M | $471.9M | $464.1M | $476.6M | $488.7M | $559.9M | $593.1M | $611.0M | $568.6M |
| Total liabilities | $1.28B | $1.23B | $1.02B | $997.0M | $983.2M | $950.8M | $903.5M | $1.03B | $1.14B | $1.24B | $1.18B | $1.13B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $551,000 | $560,000 | $572,000 | $590,000 | $590,000 | $596,000 | $604,000 | $603,000 | $610,000 | $621,000 | $630,000 | $629,000 |
| Retained earnings (deficit) | $390.5M | $313.0M | $416.9M | $358.0M | $323.5M | $246.3M | $291.6M | $199.2M | $128.1M | $17.4M | $41.9M | $105.0M |
| Accumulated other comprehensive income | −$289.6M | −$316.8M | −$305.0M | −$350.9M | −$379.5M | −$452.9M | −$462.2M | −$432.9M | −$352.8M | −$245.3M | −$272.1M | −$324.0M |
| Minority interest | $124,000 | $822,000 | $823,000 | $847,000 | $1.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.14B | $1.05B | $1.19B | $1.12B | $1.05B | $908.5M | $959.5M | $897.7M | $918.0M | $933.6M | $950.1M | $963.6M |
| Key figures | ||||||||||||
| Total debt | $734.0M | $722.7M | $515.5M | $438.4M | $449.0M | $434.1M | $427.4M | $500.1M | $602.8M | $628.0M | $582.7M | $525.3M |
| Net cash (debt) | −$572.3M | −$565.4M | −$368.8M | −$197.4M | −$313.6M | −$324.4M | −$336.0M | −$359.3M | −$466.3M | −$494.2M | −$493.3M | −$394.4M |
| Working capital | −$148.1M | −$204.1M | −$154.6M | −$88.9M | −$109.6M | −$167.6M | −$140.6M | −$150.9M | −$92.7M | −$211.7M | −$228.8M | −$152.2M |
| Tangible book value | $324.9M | $248.4M | $384.4M | $341.5M | $292.1M | $193.8M | $248.2M | $168.0M | $136.5M | $89.8M | $119.4M | $159.2M |
| Book value per share | $8.06 | $7.37 | $7.99 | $7.58 | $7.13 | $6.16 | $6.31 | $5.90 | $5.95 | $5.95 | $6.01 | $6.11 |
| Shares outstanding | 141.6M | 142.3M | 148.7M | 147.6M | 147.6M | 147.6M | 152.2M | 152.2M | 154.3M | 157.0M | 158.1M | 157.8M |
| Current ratio | 0.71 | 0.57 | 0.67 | 0.81 | 0.75 | 0.58 | 0.62 | 0.63 | 0.76 | 0.55 | 0.50 | 0.65 |
| Quick ratio | 0.63 | 0.49 | 0.60 | 0.73 | 0.66 | 0.46 | 0.52 | 0.57 | 0.69 | 0.48 | 0.43 | 0.57 |
| Debt / equity | 0.64 | 0.69 | 0.43 | 0.39 | 0.43 | 0.48 | 0.45 | 0.56 | 0.66 | 0.67 | 0.61 | 0.55 |
| Equity / assets | 47.1% | 46.0% | 53.8% | 52.9% | 51.6% | 48.9% | 51.5% | 46.6% | 44.5% | 42.9% | 44.7% | 45.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
LAUR financial position
At the end of fiscal 2025 (December 31, 2025), Laureate Education had total assets of $2.2 billion (up 18.5% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $1.2 billion. It held $146.7 million in cash and short-term investments against $515.5 million of debt, net debt of $368.8 million. Its current ratio was 0.67. In the latest quarter (ended June 30, 2026) total assets were $2.4 billion and equity $1.1 billion.
Related: LAUR income statement, LAUR cash flow statement, LAUR key metrics. See the LAUR stock overview for the latest quote and news.
LAUR balance sheet FAQ
What are Laureate Education's total assets?
Laureate Education reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.9 billion a year earlier.
How much debt does Laureate Education have?
Laureate Education had $515.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.43.
How much cash does Laureate Education have?
Laureate Education held $146.7 million in cash and short-term investments at the end of fiscal 2025; with $515.5 million of debt that is net debt of $368.8 million.
What is Laureate Education's book value?
Laureate Education's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $7.99 per share.
What is Laureate Education's current ratio?
Laureate Education had current assets of $318.3 million and current liabilities of $472.9 million, a current ratio of 0.67 (current liabilities exceed current assets).
How much goodwill does Laureate Education have?
Laureate Education carried $803.5 million of goodwill and intangible assets, 36.4% of total assets, at the end of fiscal 2025.