Oct 20, 4:17 PM ET
Stride reported first quarter fiscal 2027 revenue of $639.4 million, up 3.0% from a year earlier, and diluted EPS of $1.45, up from $1.40. Net income fell 5.6% to $64.9 million and adjusted EPS fell 9.9% to $1.37, so shareholders see mixed results. The company also gave fiscal 2027 revenue guidance of $2.530 billion to $2.610 billion and adjusted operating income guidance of $500 million to $530 million. The filing does not compare this guidance with earlier outlooks.
- Revenue $639.4 million vs. $620.9 million, up 3.0%; revenue per enrollment up 7.0% to $2,556
- Net income $64.9 million vs. $68.8 million, down 5.6%; diluted EPS $1.45 vs. $1.40
- Adjusted EPS $1.37 vs. $1.52, down 9.9%; adjusted operating income $78.6 million vs. $81.1 million
- Fiscal 2027 guidance: revenue $2.530 billion to $2.610 billion; second quarter revenue $625 million to $645 million
Read the filing on SEC.gov ↗
Oct 9, 8:11 AM ET
Stride entered into a cooperation agreement on October 8, 2026 with activist investor Fivespan Partners and related parties. The deal adds Dylan Haggart as a director effective October 30, 2026 and Steven Guttentag as a board observer, and forms a Capital Allocation Committee to review the company's capital structure. Shareholders will be asked for input, and the company says it will announce a target capital structure and cash flow allocation framework after the committee's initial review, expected within three months.
- Dylan Haggart joins the board effective October 30, 2026, serving until the 2027 Annual Meeting; Steven Guttentag is a board observer effective immediately and joins the board after the 2026 Annual Meeting on December 10, 2026.
- Allison Lawrence resigned from the board and the Compensation Committee on October 8, 2026, and will serve as a non-voting observer until re-appointed.
- The Capital Allocation Committee has three voting members: Brian Shepherd and Dylan Haggart as co-chairs, and Aida Alvarez; CEO Robert E. Knowling, Jr. is a non-voting member.
- The investor group withdrew its director nominations, stockholder proposal and books-and-records demand for the 2026 Annual Meeting.
Read the filing on SEC.gov ↗
Aug 4, 4:17 PM ET
Stride reported fiscal 2026 revenue of $2,518.1 million, up 4.7%, and net income of $338.2 million, up 17.5%, for the year ended June 30, 2026. Fourth-quarter revenue fell 2.7% to $636.1 million and adjusted earnings per share fell 7.4% to $2.12, though the prior-year quarter included a $59.5 million impairment. The company also extended its $311.3 million-capacity share repurchase program through October 31, 2027, which gives shareholders a longer window for buybacks.
- Fiscal 2026 revenue $2,518.1 million, up 4.7%; diluted EPS $7.14 vs. $5.95 a year earlier
- Q4 revenue $636.1 million, down 2.7%; adjusted EPS $2.12 vs. $2.29; Q4 net income $81.4 million, up 58.6%
- Share repurchase program extended from October 31, 2026 to October 31, 2027; $311.3 million remains available as of June 30, 2026
- Fiscal 2026 repurchases totaled about $188.7 million for roughly 2.3 million shares
Read the filing on SEC.gov ↗
Jul 30, 8:10 AM ET
Stride, Inc. (NYSE: LRN) said Robert E. Knowling, Jr. became chief executive effective July 29, 2026, succeeding James J. Rhyu, who also left his role as board chair. The company released unaudited preliminary fiscal 2026 results showing higher revenue, net income and adjusted EBITDA than the prior year, though the figures remain subject to change until the full report on August 4, 2026.
- Robert E. Knowling, Jr. appointed CEO effective July 29, 2026, with a $1,000,000 base salary and a target bonus of 200% of base.
- Steven B. Fink named Board Chair and Brian Shepherd joined the Board, both effective July 29, 2026.
- Preliminary fiscal 2026 revenue of $2,518.1 million versus $2,405.3 million; net income of $338.2 million versus $287.9 million.
- Adjusted EBITDA of $617.6 million versus $571.0 million; full results and Form 10-K due August 4, 2026.
Read the filing on SEC.gov ↗
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