Every material Form 8-K Stride filed with the SEC in 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 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
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Stride filing is on SEC EDGAR ↗. 8-K briefs of other companies →