Stride Inc. (LRN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.91	$2.12	+11.0%	—	$636.1M	—
Q3 26	$2.21	$2.3	+4.1%	—	$629.9M	—
Q2 26	$2.32	$2.5	+7.8%	—	$631.3M	—
Q1 26	$1.26	$1.52	+20.6%	—	$620.9M	—
Q4 25	$1.89	$2.29	+21.2%	—	$653.6M	—
Q3 25	$2.15	$2.02	-6.0%	—	$613.4M	—
Q2 25	$2.03	$2.03	0.0%	—	$587.2M	—
Q1 25	$0.27	$0.94	+248.1%	—	$551.1M	—
Q4 24	$1.31	$1.42	+8.4%	—	$534.2M	—
Q3 24	$1.47	$1.6	+8.8%	—	$520.8M	—
Q2 24	$1.35	$1.54	+14.1%	—	$504.9M	—
Q1 24	-$0.35	$0.11	+131.4%	—	$480.2M	—
Q4 23	$0.87	$1.01	+16.1%	—	$483.5M	—
Q3 23	$1.07	$1.3	+21.5%	—	$470.3M	—
Q2 23	$1.04	$1.19	+14.4%	—	$458.4M	—
Q1 23	-$0.13	-$0.54	-315.4%	—	$425.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$7.92	—	—	$2.5B	—
FY25	—	$6.69	—	—	$2.4B	—
FY24	—	$4.79	—	—	$2B	—
FY23	—	$3	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$888.5M	$917.7M	$1B	$1B	$1.5B	$1.7B	$1.8B	$2B	$2.4B	$2.5B
YoY change	+1.81%	+3.29%	+10.7%	+2.46%	+47.7%	+9.75%	+8.93%	+11%	+17.9%	+4.69%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	888.5M	917.7M	1B	1B	1.5B	1.7B	1.8B	2B	2.4B	2.5B
Cost of revenue	557.3M	592.5M	663.4M	693.2M	1B	1.1B	1.2B	1.3B	1.5B	1.6B
Gross profit	331.2M	325.2M	352.3M	347.5M	534.9M	596.5M	647.1M	763.6M	943.9M	950.6M
Gross margin	37.3%	35.4%	34.7%	33.4%	34.8%	35.4%	35.2%	37.4%	39.2%	37.8%
Research & development	12.5M	9.2M	9.5M	—	—	—	—	—	—	—
Selling, general & administrative	305.6M	299.7M	306.8M	315.1M	424.4M	439.8M	481.6M	514M	524.3M	499.8M
Operating expenses	318.1M	308.9M	316.3M	315.1M	424.4M	439.8M	481.6M	514M	524.3M	499.8M
Operating income	13.1M	25.5M	45.5M	32.5M	110.5M	156.6M	165.5M	249.6M	419.6M	450.8M
Operating margin	1.48%	2.78%	4.48%	3.12%	7.19%	9.29%	9.01%	12.2%	17.4%	17.9%
Non-operating income, net	-10M	—	114K	272K	2.8M	-1.3M	15.5M	26.9M	-25.8M	2.2M
Pretax income	4.9M	26.5M	48.4M	33.4M	95.3M	147.1M	172.5M	267.7M	383.2M	441.2M
Income tax	5.4M	-910K	10.5M	8.5M	24.5M	40.1M	45.3M	64.5M	93M	102.8M
Net income	-459K	27.4M	37.2M	24.5M	71.5M	107.1M	126.9M	204.2M	287.9M	338.2M
Net margin	-0.05%	2.99%	3.66%	2.35%	4.65%	6.35%	6.9%	10%	12%	13.4%
EBITDA	97.4M	100.8M	116.9M	104.5M	203.4M	253.3M	291.3M	386.2M	567.9M	579.5M
EPS	0.01	0.7	0.96	0.62	1.78	2.58	3	4.79	6.69	7.92
Diluted EPS	0.01	0.68	0.91	0.6	1.71	2.52	2.97	4.69	5.95	7.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	480.2M	504.9M	520.8M	534.2M	551.1M	587.2M	613.4M	653.6M	620.9M	631.3M	629.9M	636.1M
Cost of revenue	307.3M	303.7M	319.5M	346M	335.2M	347.4M	364.1M	414.7M	378.8M	371.6M	398.3M	418.8M
Gross profit	172.9M	201.2M	201.3M	188.2M	215.9M	239.9M	249.3M	238.9M	242.1M	259.6M	231.6M	217.3M
Gross margin	36%	39.8%	38.7%	35.2%	39.2%	40.8%	40.6%	36.6%	39%	41.1%	36.8%	34.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	169.6M	116.9M	113M	114.5M	168.5M	114.8M	118.5M	122.6M	173.1M	112.8M	102.5M	111.4M
Operating expenses	169.6M	116.9M	113M	114.5M	168.5M	114.8M	118.5M	122.6M	173.1M	112.8M	102.5M	111.4M
Operating income	3.3M	84.3M	88.3M	73.7M	47.3M	125.1M	130.8M	116.3M	69M	146.9M	129.1M	105.9M
Operating margin	0.69%	16.7%	17%	13.8%	8.59%	21.3%	21.3%	17.8%	11.1%	23.3%	20.5%	16.6%
Non-operating income, net	5.2M	6.5M	7.7M	7.5M	8.8M	7.3M	7.4M	-49.3M	16.9M	-10.8M	-5.3M	1.4M
Pretax income	6.4M	88.8M	93.6M	78.9M	53.8M	129.8M	135.4M	64.3M	82.8M	133.3M	120.7M	104.3M
Income tax	1.5M	22.2M	24.7M	16.1M	11.3M	33.4M	35.5M	12.9M	14.4M	34M	31.5M	22.8M
Net income	4.9M	66.8M	69.7M	62.8M	40.9M	96.4M	99.3M	51.3M	68.8M	99.5M	88.5M	81.4M
Net margin	1.02%	13.2%	13.4%	11.8%	7.42%	16.4%	16.2%	7.85%	11.1%	15.8%	14.1%	12.8%
EBITDA	36.5M	117.3M	123M	109.4M	84.3M	159.8M	167.1M	97.2M	115.1M	167M	156.3M	141M
EPS	0.11	1.57	1.63	1.47	0.95	2.24	2.31	1.19	1.59	2.31	2.09	1.93
Diluted EPS	0.11	1.54	1.6	1.42	0.94	2.03	2.02	1.03	1.4	2.12	1.93	1.75

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	686.3M	643.1M	1.2B	1.1B	1.3B	1.7B	1.6B	3B	6.2B	3.7B	3.2B
Enterprise value	477.4M	438M	922.9M	1.1B	1.4B	1.9B	1.6B	2.8B	5.8B	3.3B	2.8B
Shares outstanding	38.3M	39.3M	38.8M	39.5M	40.2M	41.5M	42.3M	42.6M	43M	42.7M	42.7M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	23.5	31.8	43.9	18.1	15.8	12.4	14.7	21.7	10.9	10.8
P/S	0.77	0.7	1.16	1.03	0.84	1	0.86	1.47	2.6	1.46	1.27
P/B	1.19	1.1	1.87	1.59	1.61	2.08	1.66	2.56	4.22	2.26	1.94
EV/EBITDA	4.9	4.34	7.9	10.5	6.75	7.37	5.48	7.36	10.2	5.65	5.53
EV/Sales	0.54	0.48	0.91	1.06	0.89	1.11	0.87	1.39	2.42	1.3	1.12
Earnings yield	—	4.26%	3.15%	2.28%	5.53%	6.34%	8.06%	6.79%	4.61%	9.18%	9.25%
FCF yield	5.9%	9.68%	7.89%	3.29%	6.34%	8.24%	8.68%	7.23%	5.97%	9.64%	7.06%
PEG	—	—	—	—	—	—	—	—	—	—	0.17

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	37.3%	35.4%	34.7%	33.4%	34.8%	35.4%	35.2%	37.4%	39.2%	37.8%	34.2%
Operating margin	1.48%	2.78%	4.48%	3.12%	7.19%	9.29%	9.01%	12.2%	17.4%	17.9%	16%
Net margin	-0.05%	2.99%	3.66%	2.35%	4.65%	6.35%	6.9%	10%	12%	13.4%	13.4%
ROE	-0.08%	4.67%	5.87%	3.63%	8.88%	13.2%	13.4%	17.4%	19.5%	20.7%	21.7%
ROA	-0.06%	3.7%	4.54%	2.28%	4.53%	6.52%	7.21%	10.6%	12.6%	13.9%	11.9%
ROIC	0%	6.69%	9.49%	3.46%	9.27%	11.5%	12.6%	18.7%	30.4%	28.3%	28.3%
Return on tangible assets	-0.17%	8.92%	9.3%	6.56%	10.5%	14.5%	14.9%	19.7%	19.2%	20.9%	20.9%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	4.02	3.91	3.4	1.83	2.8	3.15	3.45	5.1	5.39	5.94	5.94
Quick ratio	3.76	3.68	3.21	1.73	2.67	3.03	3.33	4.95	5.27	5.81	5.81
Debt / equity	0.04	0.04	0.04	0.35	0.58	0.7	0.57	0.45	0.37	0.33	0.33
Debt / assets	0.03	0.04	0.03	0.22	0.3	0.34	0.31	0.28	0.24	0.22	0.22
Net debt / EBITDA	-2.15	-2.03	-2.21	0.22	0.39	0.7	0.07	-0.42	-0.77	-0.71	-0.71
Interest coverage	—	—	—	—	6.3	18.8	21.5	31.4	37.5	38.5	38.5
Effective tax rate	100%	0%	21.8%	25.6%	25.7%	27.3%	26.3%	24.1%	24.3%	23.3%	23.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	23.2	23.4	26.1	26.4	38.2	40.7	43.5	47.9	55.9	58.9	58.9
EPS (basic)	0.01	0.7	0.96	0.62	1.78	2.58	3	4.79	6.69	7.92	7.92
EPS (diluted)	0.01	0.68	0.91	0.6	1.71	2.52	2.97	4.69	5.95	7.14	7.14
Book value per share	15	14.9	16.3	17.1	20	19.6	22.4	27.6	34.4	38.2	39.7
FCF per share	1.06	1.58	2.4	0.9	2.04	3.36	3.23	5.1	8.66	8.31	7.65
Cash per share	6.03	5.88	7.29	5.38	9.6	9.39	12.4	16.2	22.9	22.4	23.3
Capex per share	0.05	0.22	0.13	0.04	0.08	0.24	0.1	0.05	1.35	1.83	1.69

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.23%	0.95%	0.5%	0.16%	0.22%	0.58%	0.24%	0.11%	2.42%	3.11%	3.11%
Capex / operating cash flow	2.58%	8.66%	4.2%	2.5%	4.22%	5.1%	2.34%	0.86%	13.5%	18%	18%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	5.17%

Yield

5.17%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.99

ex-dividend Dec 10, 1998

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 10, 1998	$0.99
Sep 10, 1998	$0.99
Jun 10, 1998	$0.968

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$480.2M	$504.9M	$520.8M	$534.2M	$551.1M	$587.2M	$613.4M	$653.6M	$620.9M	$631.3M	$629.9M	$636.1M
YoY change	+12.9%	+10.1%	+10.7%	+10.5%	+14.8%	+16.3%	+17.8%	+22.4%	+12.7%	+7.5%	+2.69%	-2.69%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	230.9M	231.1M	283.1M	212.3M	386.1M	389.4M	522.7M	692.3M	985.3M	958M
Receivables	192.2M	176.3M	191.6M	236.1M	369.3M	418.6M	463.7M	472.8M	559.6M	664.8M
Inventory	30.5M	25.9M	29.9M	28.3M	39.7M	36M	36.7M	36.7M	37.6M	38.3M
Total current assets	473.6M	454M	529.7M	501.3M	857.5M	950.5M	1.1B	1.2B	1.6B	1.7B
Property, plant & equipment	26.3M	28.9M	32M	262.2M	166.7M	147M	121.8M	105.4M	94.5M	102M
Goodwill & intangibles	458.6M	434.5M	419.3M	699.6M	895.1M	904.2M	911.5M	884.3M	797.5M	818.9M
Total assets	735.3M	742M	819.6M	1.1B	1.6B	1.6B	1.8B	1.9B	2.3B	2.4B
Accounts payable	30.1M	29.4M	50.5M	40.4M	62.1M	62M	48.9M	41M	44M	46.7M
Short-term debt	11.9M	13.4M	19.6M	134M	48M	50.2M	50.1M	41.9M	53.7M	63.2M
Total current liabilities	117.8M	116.2M	155.6M	273.4M	306.2M	302.1M	309.1M	244.3M	302.9M	288.9M
Long-term debt	10M	12.7M	5.1M	101.2M	418.3M	515.5M	493.7M	486.3M	496.1M	482.8M
Total liabilities	160.9M	154.8M	186.2M	397.9M	772.6M	831M	813.4M	744.4M	814.3M	803.2M
Shareholders' equity	574.3M	587.2M	633.4M	675.3M	804.6M	812.6M	947.3M	1.2B	1.5B	1.6B
Total debt	21.9M	26M	24.6M	235.2M	466.3M	565.7M	543.8M	528.2M	549.8M	546M
Net debt	-209M	-205.1M	-258.5M	22.9M	80.2M	176.3M	133M	27.6M	-232.7M	-208.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	254.6M	354.4M	376.6M	692.3M	522.2M	717.5M	723.7M	985.3M	715.1M	625.7M	805.8M	958M
Receivables	629.6M	509.6M	577.8M	472.8M	675.7M	582.5M	699.8M	559.6M	809.3M	869M	854.9M	664.8M
Inventory	21.8M	19.5M	21M	36.7M	22.3M	20.7M	22.4M	37.6M	19.8M	17.9M	21.5M	38.3M
Total current assets	1.1B	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B	1.6B	1.7B	1.6B	1.8B	1.7B
Property, plant & equipment	125.7M	121.2M	114.9M	105.4M	136.4M	133.2M	134.5M	94.5M	113M	110.6M	103.3M	102M
Goodwill & intangibles	901.3M	894.4M	892.3M	884.3M	868.6M	865.9M	864.5M	797.5M	797.5M	802.5M	808.8M	818.9M
Total assets	1.8B	1.8B	1.9B	1.9B	2B	2.1B	2.2B	2.3B	2.3B	2.3B	2.4B	2.4B
Accounts payable	74.6M	31.3M	37.2M	41M	50.1M	30.9M	40.2M	44M	55.6M	45.7M	45.1M	46.7M
Short-term debt	49.8M	45.9M	43.8M	41.9M	51.8M	55.8M	56.3M	53.7M	65.8M	62.5M	61.7M	63.2M
Total current liabilities	299.1M	240.9M	282M	244.3M	230.7M	230.7M	269.6M	302.9M	243.6M	220.1M	283.2M	288.9M
Long-term debt	498.1M	496M	492.6M	486.3M	508.4M	505.5M	505.5M	496.1M	522.2M	493.7M	485.7M	482.8M
Total liabilities	809.2M	749.5M	789M	744.4M	757.6M	752.7M	790.6M	814.3M	805.7M	758.7M	805M	803.2M
Shareholders' equity	958.5M	1B	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B
Total debt	547.9M	542M	536.5M	528.2M	560.2M	561.3M	561.8M	549.8M	588M	556.3M	547.4M	546M
Net debt	293.2M	187.6M	159.9M	27.6M	242.4M	46.2M	33.2M	-232.7M	69.6M	59.2M	-66.6M	-208.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	-459K	27.4M	37.2M	24.5M	71.5M	107.1M	126.9M	204.2M	287.9M	338.2M
Depreciation & amortization	74.3M	75.3M	71.4M	72.1M	90.1M	97.9M	110.4M	109.7M	114.7M	126.6M
Stock-based compensation	22.6M	20.8M	16.7M	23.6M	39.3M	18.6M	20.3M	31.5M	36.8M	40.3M
Change in working capital	-12.7M	-23.3M	-11.9M	-71.5M	-166.1M	-65.1M	-76.2M	-99.8M	-127.7M	-132.9M
Operating cash flow	80.9M	101M	121M	67M	79.3M	191.1M	185.3M	265.1M	432.8M	433.8M
Capital expenditure	-2.1M	-8.7M	-5.1M	-1.7M	-3.3M	-9.7M	-4.3M	-2.3M	-58.2M	-78.3M
Investing cash flow	-11.1M	-16M	-18.2M	-174M	-116.7M	-52.9M	-56M	-80.6M	-86.2M	-179.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-27.5M	0	0	-9.2M	-37.9M	—	—	—	-188.7M
Financing cash flow	-15.4M	-42.6M	-22.1M	67.3M	103.8M	-93.7M	-50M	-40.9M	-41.5M	-245.5M
Net change in cash	54.3M	42.3M	80.8M	-39.7M	66.3M	44.5M	79.3M	143.6M	305.1M	9.1M
Free cash flow	40.5M	62.2M	93.2M	35.4M	81.9M	139.3M	136.6M	217.2M	372.8M	355M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	4.9M	66.8M	69.7M	62.8M	40.9M	96.4M	99.3M	51.3M	68.8M	99.5M	88.5M	81.4M
Depreciation & amortization	28M	26.5M	27M	28.2M	28.1M	27.4M	28.9M	30.2M	29.2M	31M	32.6M	33.8M
Stock-based compensation	8.4M	7.6M	5.3M	10.2M	8.4M	7.9M	8.5M	11.9M	10.2M	10.3M	9.6M	10.2M
Change in working capital	-155.2M	60.4M	-65.7M	60.7M	-212.8M	57.2M	-99.7M	127.6M	-279.7M	-67.1M	33.2M	180.7M
Operating cash flow	-100.4M	158.4M	34.7M	172.4M	-118.6M	190.4M	36.7M	298.3M	-195.8M	91.8M	220.9M	316.9M
Capital expenditure	-1.7M	-9K	203K	-770K	-669K	-484K	-197K	-14.2M	-21.4M	-16.2M	-18M	-22.6M
Investing cash flow	7.2M	-49.2M	-16.1M	-23.2M	-6.8M	-450K	-2.1M	-34.2M	-24.4M	-10.2M	-84.1M	-60.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	0	-100M
Financing cash flow	-13.8M	-11.8M	-9.7M	-8.7M	-8.7M	-8M	-13.2M	-11.5M	-12M	-14M	-15.3M	-115.6M
Net change in cash	-106.9M	97.4M	8.9M	140.5M	-134.1M	181.9M	21.4M	252.6M	-232.2M	67.7M	121.5M	140.7M
Free cash flow	-151.5M	160.6M	52.2M	155.8M	-156.8M	208.6M	37.3M	283.7M	-217.5M	75.9M	202.4M	294.2M

Stride Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement