Laureate Education, Inc. (LAUR) SEC Filings & Earnings Calls

Potential further dilution from Wengen sales

“Wengen may effect one or more further sales of Class A Common Stock... the ultimate number of shares of Class A Common Stock that may be sold by Wengen, if any, is not ascertainable.” · word for word

Potential further dilution from Wengen sales

“Wengen may effect one or more further sales of Class A Common Stock... the ultimate number of shares of Class A Common Stock that may be sold by Wengen, if any, is not ascertainable.” · word for word

Foreign currency fluctuations impact reported results; constant currency revenue growth was 8% vs 17% reported.

“On a constant currency basis, revenue increased 8%.” · word for word

Intra-year academic calendar timing caused $9M unfavorable impact on H1 revenue and Adjusted EBITDA, expected to offset in H2.

“Revenue for the first half of 2026 was unfavorably affected by approximately $9 million of intra-year academic calendar timing.” · word for word

Foreign Currency Exposure

“fluctuations in exchange rates, possible currency devaluations, inflation and hyper-inflation” · word for word

Political and Economic Risk in Mexico and Peru

“potential economic and political instability in both countries in which we operate” · word for word

Tax Audit Payments

“higher cash paid for taxes in Mexico and Peru of $20.2 million, from $63.1 million for the 2025 fiscal period to $83.3 million for the 2026 fiscal period, due to higher estimated tax payments and tax audit payments” · word for word

Foreign currency exposure

“This increase in revenues was primarily driven by a net change in foreign currency exchange rates, which increased revenues by $34.8 million, mainly due to the strengthening of the Mexican peso against the USD compared to the 2025 fiscal quarter.” · word for word

Academic calendar timing volatility

“On a constant currency basis, revenue decreased by 4%, primarily driven by an unfavorable impact of approximately $12 million from intra-year academic calendar timing attributable to later semester start dates in the 2026 fiscal quarter compared to the 2025 fiscal quarter.” · word for word

Concentration in private pay sources

“Essentially all of our revenues were generated from private pay sources as there are no material government-sponsored loan programs in Mexico or Peru.” · word for word

Intra-year academic calendar timing impact of ~$9M on revenue and Adjusted EBITDA; expected to offset in Q3.

“Revenue unfavorably affected by approximately $9 million of intra-year academic calendar timing.”

Key person dependency on CEO

“The Compensation Committee and our Board unanimously approved the special retention One-Time RSU Award grant to Mr. Serck-Hanssen in connection with the 2024 CEO Letter Agreement.” · word for word

Foreign exchange exposure

“Adjusted Financing EBITDA, Unlevered Free Cash Flow and Revenue measures are expressed in constant currencies (i.e., excluding the effects of foreign currency translation) because we believe that period-to-period changes in foreign exchange rates can cause our reported results to appear more or less favorable than business fundamentals indicate.” · word for word

Currency Fluctuation Risk

“Foreign currency exchange rates: Mexican peso weakened against USD (-$42.9M revenue impact), Peruvian sol strengthened (+$45.4M revenue impact).”

Global Minimum Tax Risk

“Income tax expense could be adversely affected as the legislation becomes effective in countries in which we do business.” · word for word

Foreign exchange volatility

“the effect of a net change in foreign currency exchange rates increased revenues by $15.8 million, mainly due to the strengthening of the Mexican peso against the USD compared to the 2024 fiscal quarter.” · word for word

Peru academic calendar timing risk

“including an unfavorable impact of approximately $7 million from intra-year academic calendar timing in Peru, compared to the 2024 fiscal quarter.” · word for word

Tax rate volatility

“Income tax (expense) benefit changed by $35.0 million to an expense of $(34.5) million for the 2025 fiscal quarter from a benefit of $0.5 million for the 2024 fiscal quarter. This change was primarily attributable to a discrete tax benefit of approximately $37.9 million that was recorded during the 2024 fiscal quarter related to an entity restructuring.” · word for word

Currency translation risk from Mexican Peso and Peruvian Sol exposure; net income impacted by FX losses on intercompany balances.

“Net income decrease mainly driven by the effect of changes in foreign currency exchange rates on intercompany balances”

Intra-year academic calendar timing caused revenue and EBITDA headwinds; expected to offset in Q4 but introduces quarterly volatility.

“Revenue was unfavorably affected by approximately $25 million of intra-year academic calendar timing” · word for word