Every material Form 8-K Stride has filed with the SEC since May 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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.
Stride reported third-quarter fiscal 2026 results for the quarter ended March 31, 2026. Revenue rose 2.7% to $629.9 million, but net income fell 10.9% to $88.5 million and diluted earnings per share fell to $1.93 from $2.02, so sales and profit moved in opposite directions. The company also narrowed its full-year fiscal 2026 revenue and adjusted operating income forecasts.
Revenue of $629.9 million, up from $613.4 million, an increase of 2.7%
Net income of $88.5 million, down from $99.3 million; diluted EPS of $1.93 versus $2.02
Adjusted EPS of $2.30 versus $2.33 a year earlier (non-GAAP)
Fiscal 2026 revenue outlook narrowed to $2.490 billion to $2.520 billion; adjusted operating income outlook of $490 million to $500 million
Stride reported second-quarter fiscal 2026 results for the three months ended December 31, 2025, with revenue up 7.5% to $631.3 million and net income up 3.2% to $99.5 million. The company also issued fiscal 2026 revenue guidance of $2.480 billion to $2.555 billion and adjusted operating income guidance of $485 million to $505 million, which shareholders can compare with future results.
Q2 revenue of $631.3 million, up from $587.2 million; income from operations rose 17.4% to $146.9 million
Diluted EPS of $2.12 versus $2.03; adjusted EPS of $2.50 versus $2.37
Cash and marketable securities totaled $676.0 million at December 31, 2025, versus $1,011.4 million at June 30, 2025
Third-quarter fiscal 2026 guidance: revenue of $615 million to $645 million and adjusted operating income of $130 million to $140 million
At its December 4, 2025 annual meeting, Stride stockholders approved an amended and restated 2016 Equity Incentive Award Plan and a new 2025 Employee Stock Purchase Plan, and re-elected all eight board nominees. The votes add shares that can be issued under the equity plan and the stock purchase plan, which can affect existing shareholders through potential dilution.
The 2016 Plan amendment adds 740,000 shares and extends the plan term to October 17, 2035.
The 2025 ESPP authorizes issuance of 4,000,000 shares of common stock for employee purchases at a discount.
KPMG LLP was ratified as independent auditor for the fiscal year ending June 30, 2026, with 39,046,477 votes for and 68,426 against.
In a non-binding say-on-pay vote, 29,512,235 votes were cast for and 6,530,915 against executive compensation.
Stride reported first-quarter fiscal 2026 results for the period ended September 30, 2025, with revenue of $620.9 million, up from $551.1 million a year earlier, and net income of $68.8 million, up from $40.9 million. The company also issued fiscal 2026 revenue guidance of $2.480 billion to $2.555 billion and second-quarter revenue guidance of $620 million to $640 million, which shareholders can compare with future results.
Diluted EPS was $1.40 versus $0.94; adjusted EPS was $1.52 versus $1.09.
Total enrollments were 247.7K, up 11.3%; Career Learning enrollments rose 20.0% to 110.0K.
Net cash used in operating activities was $195.8 million in the quarter, compared with $142.0 million a year earlier.
Fiscal 2026 adjusted operating income is forecast at $475 million to $500 million.
Stride, Inc. elected Robert E. Knowling, Jr. to its Board of Directors effective September 16, 2025, and expanded the board from seven to eight members. He also joined the Audit Committee and Compensation Committee, which affects board oversight of financial reporting and executive pay.
Board elected Robert E. Knowling, Jr. on September 16, 2025, upon the Nominating Committee's recommendation
Knowling joins the Audit Committee and Compensation Committee; board size increased from seven to eight
Annual compensation includes restricted stock valued at $250,000, a $70,000 cash retainer, and $10,000 for each committee, with cash prorated to December 31, 2025
Stride reported results for the fourth quarter and fiscal year ended June 30, 2025. Fiscal 2025 revenue rose 17.9% to $2.41 billion and net income rose 41.0% to $287.9 million, while fourth-quarter revenue grew 22.4% but GAAP net income fell 18.3% to $51.3 million after a $59.5 million impairment charge tied to its Galvanize business. The charge reduced reported profit in the quarter, though the company's adjusted earnings per share rose to $2.29 from $1.68.
Fiscal 2025 revenue was $2,405.3 million, up from $2,040.1 million, and net income was $287.9 million, up from $204.2 million.
Fourth-quarter revenue was $653.6 million, up 22.4%, while net income was $51.3 million, down 18.3% from $62.8 million.
The $59.5 million impairment charge for the Galvanize business was excluded from adjusted measures; fourth-quarter diluted EPS was $1.03 versus $1.42, and adjusted EPS was $2.29 versus $1.68.
Full-year enrollments averaged 234.0K, up 20.4%; cash and marketable securities totaled $1,011.4 million at June 30, 2025.
Stride reported third-quarter fiscal 2025 revenue of $613.4 million, up 17.8%, and net income of $99.3 million, up 42.6%, for the quarter ended March 31, 2025. The company raised its full-year fiscal 2025 revenue and adjusted operating income forecasts, which matters to shareholders because it signals higher expected results for the year.
Q3 revenue $613.4 million vs. $520.8 million; diluted EPS $2.02 vs. $1.60
Q3 average enrollments of 240.2K, up 21.1%; Career Learning enrollments up 33.7%
Fiscal 2025 revenue outlook raised to $2.370 billion to $2.385 billion
Fiscal 2025 adjusted operating income outlook set at $455 million to $465 million
Robert E. Knowling Jr. notified Stride's Board on April 15, 2025 that he is resigning from the Board and all committees he served on, effective immediately. The filing states the resignation is not due to any disagreement with the company on its operations, policies or practices.
Resignation notified to the Board on April 15, 2025, effective immediately
Covers the Board seat and all committee seats Knowling held
Filing states no disagreement with the company on operations, policies or practices
Filing was signed April 18, 2025 by General Counsel Greerson McMullen Sr.
Stride reported second-quarter fiscal 2025 revenue of $587.2 million, up 16.3%, and net income of $96.4 million, or $2.03 per diluted share, compared with $1.54 a year earlier. The company raised its full-year fiscal 2025 revenue forecast to $2.320 billion to $2.355 billion and its adjusted operating income forecast to $430 million to $450 million, which points to continued growth for shareholders.
Revenue of $587.2 million for the quarter ended December 31, 2024, compared with $504.9 million a year earlier
Net income of $96.4 million, or $2.03 per diluted share, versus $66.8 million, or $1.54 per diluted share
Full-year fiscal 2025 revenue outlook raised to $2.320 billion to $2.355 billion; adjusted operating income outlook of $430 million to $450 million
Second-quarter enrollments averaged 230.6K, up 19.4% from 193.1K a year earlier
Stride reported first-quarter fiscal 2025 results for the three months ended September 30, 2024, with revenue of $551.1 million, up 14.8%, and net income of $40.9 million, or $0.94 per diluted share, compared with $4.9 million, or $0.11, a year earlier. First-quarter enrollments rose 18.5% to 222.6K. The company also forecast full fiscal 2025 revenue of $2.225 billion to $2.300 billion and adjusted operating income of $395 million to $425 million, though the filing does not compare these forecasts with earlier ones.
Revenue of $551.1 million, up from $480.2 million, an increase of 14.8%
Net income of $40.9 million and diluted EPS of $0.94, versus $4.9 million and $0.11 a year earlier
Enrollments of 222.6K, up 18.5%; Career Learning enrollments of 91.7K, up 30.4%
Fiscal 2025 revenue outlook of $2.225 billion to $2.300 billion; second-quarter revenue outlook of $560 million to $580 million
Stride reported fiscal 2024 results for the year ended June 30, 2024, with revenue of $2,040.1 million, up 11.0%, and diluted earnings per share of $4.69, up from $2.97. Fourth-quarter revenue was $534.2 million, up 10.5%, and diluted EPS was $1.42 versus $1.01. The company said it will provide its fiscal 2025 outlook with first-quarter results, expected in October 2024.
Fiscal 2024 net income was $204.2 million, up 60.9% from $126.9 million, and income from operations was $249.6 million, up 50.8%.
Fourth-quarter net income was $62.8 million, up 44.8% from $43.4 million.
Cash and cash equivalents and marketable securities totaled $714.2 million at June 30, 2024, compared with $545.5 million a year earlier.
No fiscal 2025 guidance or enrollment counts will be given before the first-quarter release, anticipated in October 2024.
Stride said director Craig Barrett will not stand for re-election and will retire from the board and as Chair at the 2024 annual meeting, with his decision not related to any disagreement with the company. CEO James Rhyu will succeed him as Chair and Steven Fink will become lead independent director, both effective at the conclusion of that meeting; the board will also shrink to eight directors.
Dr. Craig R. Barrett notified the company on May 15, 2024 that he will retire from the board and as Chair at the 2024 annual meeting
James J. Rhyu, the current CEO, will become Chair of the Board; Steven B. Fink will become lead independent director
Board size will decrease to eight directors effective at the conclusion of the 2024 annual meeting
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