Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 157,353	$ 146,703
Restricted cash	5,634	5,372
Receivables:
Accounts and notes receivable	173,513	244,070
Other receivables	2,436	15,735
Allowance for doubtful accounts	(120,426)	(125,056)
Receivables, net	55,523	134,749
Income tax receivable	19,903	2,568
Prepaid expenses and other current assets	32,235	28,956
Total current assets	270,648	318,348
Property and equipment:
Land	159,111	162,595
Buildings	408,608	397,102
Furniture, equipment and software	597,030	596,546
Leasehold improvements	160,903	159,875
Construction in-progress	27,995	26,704
Accumulated depreciation and amortization	(720,162)	(714,206)
Property and equipment, net	633,485	628,616
Operating lease right-of-use assets, net	453,755	335,626
Goodwill	635,213	637,300
Tradenames, net	165,037	166,195
Deferred costs, net	4,566	4,537
Deferred income taxes	74,597	72,159
Other assets	42,164	41,888
Long-term assets held for sale	1,682	1,681
Total assets	2,281,147	2,206,350
Current liabilities:
Accounts payable	45,742	57,126
Accrued expenses	81,530	72,669
Accrued compensation and benefits	83,888	112,591
Deferred revenue and student deposits	130,353	80,161
Current portion of operating leases	49,901	55,971
Current portion of long-term debt and finance leases	55,124	54,585
Income taxes payable	0	13,225
Other current liabilities	28,209	26,579
Total current liabilities	474,747	472,907
Long-term operating leases, less current portion	456,968	331,792
Long-term debt and finance leases, less current portion	160,717	73,123
Deferred compensation	7,580	7,482
Income taxes payable	77,693	78,979
Deferred income taxes	15,459	15,590
Other long-term liabilities	38,530	37,717
Total liabilities	1,231,694	1,017,590
Redeemable equity	1,398	1,398
Stockholders' equity:
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of March 31, 2026 and December 31, 2025	0	0
Common stock, par value $0.004 per share – 700,000 shares authorized, 139,978 shares issued and outstanding as of March 31, 2026 and 142,940 shares issued and outstanding as of December 31, 2025	560	572
Additional paid-in capital	1,051,877	1,075,460
Retained earnings	312,988	416,889
Accumulated other comprehensive loss	(316,794)	(304,984)
Total Laureate Education, Inc. stockholders' equity	1,048,631	1,187,937
Noncontrolling interests	(576)	(575)
Total stockholders' equity	1,048,055	1,187,362
Total liabilities and stockholders' equity	$ 2,281,147	$ 2,206,350