Stride, Inc. (LRN)

NYSE Consumer Discretionary Education Services S&P SmallCap 600

$75.00

+0.13 (+0.17%)

Close of Nov 06, 2026 · end-of-day data

Source: Stride, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$888.52M	$917.73M	$1.02B	$1.04B	$1.54B	$1.69B	$1.84B	$2.04B	$2.41B	$2.52B
Cost of revenue	$557.32M	$592.50M	$663.44M	$693.23M	$1.00B	$1.09B	$1.19B	$1.28B	$1.46B	$1.57B
Gross profit	$331.20M	$325.24M	$352.31M	$347.53M	$534.90M	$596.48M	$647.07M	$763.60M	$943.92M	$950.60M
Research & development	$12.46M	$9.20M	$9.50M	$9.70M	$3.70M	$7.50M	$15.50M	$16.70M	$16.60M	$22.00M
Selling, general & admin	$305.62M	$299.69M	$306.83M	$315.08M	$424.44M	$439.85M	$481.57M	$514.00M	$524.35M	$499.83M
Operating income	$13.13M	$25.55M	$45.49M	$32.46M	$110.46M	$156.63M	$165.50M	$249.60M	$360.09M	$450.77M
Pre-tax income	$4.94M	$26.51M	$48.36M	$33.43M	$95.99M	$147.22M	$172.21M	$268.67M	$380.95M	$440.96M
Income tax	$5.40M	-$910.00K	$10.52M	$8.54M	$24.54M	$40.09M	$45.35M	$64.48M	$93.01M	$102.77M
Net income	$451.00K	$27.62M	$37.21M	$24.51M	$71.45M	$107.13M	$126.87M	$204.18M	$287.94M	$338.19M
EBITDA	$87.41M	$100.81M	$116.89M	$104.55M	$200.53M	$254.54M	$275.86M	$359.28M	$474.76M	$577.33M
EPS (basic)	$0.01	$0.70	$0.96	$0.62	$1.78	$2.58	$3.00	$4.79	$6.69	$7.92
EPS (diluted)	$0.01	$0.68	$0.91	$0.60	$1.71	$2.52	$2.97	$4.69	$5.95	$7.14
Diluted shares	39.50M	40.64M	40.94M	40.66M	41.87M	42.44M	42.73M	43.54M	48.41M	47.33M
Gross margin	37.3%	35.4%	34.7%	33.4%	34.8%	35.4%	35.2%	37.4%	39.2%	37.8%
Operating margin	1.5%	2.8%	4.5%	3.1%	7.2%	9.3%	9.0%	12.2%	15.0%	17.9%
Net margin	0.1%	3.0%	3.7%	2.4%	4.6%	6.4%	6.9%	10.0%	12.0%	13.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$230.86M	$231.11M	$283.12M	$212.30M	$386.08M	$389.40M	$410.81M	$500.61M	$782.50M	$754.50M
Short-term investments	—	—	—	—	—	—	$111.92M	$191.67M	$202.77M	$203.50M
Receivables	$192.21M	$176.32M	$191.64M	$236.13M	$369.30M	$418.56M	$463.72M	$472.75M	$559.65M	$664.79M
Inventory	$30.50M	$25.92M	$29.95M	$28.30M	$39.69M	$36.00M	$36.72M	$36.75M	$37.57M	$38.25M
Total current assets	$473.58M	$454.01M	$529.66M	$501.27M	$857.53M	$950.53M	$1.07B	$1.25B	$1.63B	$1.72B
Goodwill	$87.20M	$90.20M	$90.20M	$174.90M	$240.40M	$241.00M	$246.70M	$246.70M	$246.68M	$246.68M
Total assets	$735.28M	$741.96M	$819.61M	$1.07B	$1.58B	$1.64B	$1.76B	$1.92B	$2.29B	$2.44B
Total current liabilities	$117.75M	$116.22M	$155.59M	$273.42M	$306.24M	$302.07M	$309.13M	$244.28M	$302.88M	$288.85M
Long-term debt	—	—	—	—	$299.27M	$411.44M	$413.04M	$414.68M	$416.32M	$418.00M
Total debt	—	—	—	—	$299.27M	$411.44M	$413.04M	$414.68M	$416.32M	$418.00M
Total liabilities	$160.24M	$154.77M	$186.24M	$397.93M	$772.65M	$830.96M	$813.37M	$744.44M	$814.34M	$803.22M
Shareholders' equity	$574.35M	$587.19M	$633.37M	$675.33M	$804.65M	$812.58M	$947.30M	$1.18B	$1.48B	$1.63B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$88.73M	$105.45M	$141.61M	$80.42M	$134.15M	$206.88M	$203.15M	$278.80M	$432.82M	$433.81M
Capital expenditures	$2.17M	$8.74M	$5.48M	$1.68M	$3.57M	$9.75M	$4.34M	$2.27M	$1.78M	$587.00K
Free cash flow	$86.55M	$96.70M	$136.13M	$78.74M	$130.58M	$197.14M	$198.81M	$276.53M	$431.04M	$433.23M
Investing cash flow	-$57.20M	-$50.48M	-$61.11M	-$217.37M	-$165.44M	-$110.76M	-$118.24M	-$139.87M	-$88.00M	-$179.83M
Financing cash flow	-$14.64M	-$52.72M	-$28.99M	$65.63M	$204.58M	-$93.31M	-$63.50M	-$49.12M	-$62.94M	-$281.98M
Share buybacks	—	$27.48M	—	—	—	—	—	—	—	$188.66M
Stock-based compensation	$22.60M	$20.82M	$16.68M	$23.61M	$39.33M	$18.57M	$20.32M	$31.46M	$36.79M	$40.26M
Depreciation & amortization	$74.28M	$75.26M	$71.40M	$72.09M	$90.08M	$97.91M	$110.36M	$109.68M	$114.67M	$126.56M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$504.87M	$520.84M	$534.18M	$551.08M	$587.21M	$613.38M	$653.65M	$620.88M	$631.26M	$629.87M	$636.06M	$639.38M
Cost of revenue	$303.69M	$319.51M	$345.97M	$335.23M	$347.35M	$364.09M	$414.73M	$378.76M	$371.63M	$398.31M	$418.78M	$398.26M
Gross profit	$201.17M	$201.33M	$188.21M	$215.85M	$239.86M	$249.29M	$238.92M	$242.12M	$259.63M	$231.56M	$217.28M	$241.12M
Selling, general & admin	$116.89M	$113.02M	$114.53M	$168.51M	$114.76M	$118.50M	$122.58M	$173.14M	$112.78M	$102.48M	$111.43M	$156.85M
Operating income	$84.29M	$88.31M	$73.68M	$47.34M	$125.10M	$130.79M	$56.87M	$68.98M	$146.85M	$129.08M	$105.85M	$84.27M
Pre-tax income	$88.81M	$93.59M	$78.88M	$53.77M	$129.76M	$135.36M	$64.33M	$82.82M	$133.27M	$120.74M	$104.33M	$82.84M
Income tax	$22.19M	$24.66M	$16.10M	$11.28M	$33.36M	$35.45M	$12.92M	$14.42M	$33.97M	$31.55M	$22.83M	$17.84M
Net income	$66.84M	$69.69M	$62.78M	$40.88M	$96.39M	$99.35M	$51.32M	$68.80M	$99.48M	$88.53M	$81.39M	$64.92M
EBITDA	$110.75M	$115.30M	$101.90M	$75.48M	$152.50M	$159.73M	$87.06M	$98.22M	$177.81M	$161.68M	$139.63M	$119.20M
EPS (basic)	$1.57	$1.63	$1.47	$0.95	$2.24	$2.31	$1.19	$1.59	$2.31	$2.09	$1.94	$1.57
EPS (diluted)	$1.54	$1.60	$1.43	$0.94	$2.03	$2.02	$1.00	$1.40	$2.12	$1.93	$1.75	$1.45
Diluted shares	43.46M	43.66M	145.54K	43.71M	47.46M	49.18M	614.79K	49.22M	46.86M	45.84M	-274.75K	44.83M
Gross margin	39.8%	38.7%	35.2%	39.2%	40.8%	40.6%	36.6%	39.0%	41.1%	36.8%	34.2%	37.7%
Operating margin	16.7%	17.0%	13.8%	8.6%	21.3%	21.3%	8.7%	11.1%	23.3%	20.5%	16.6%	13.2%
Net margin	13.2%	13.4%	11.8%	7.4%	16.4%	16.2%	7.9%	11.1%	15.8%	14.1%	12.8%	10.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$354.39M	$376.58M	$500.61M	$317.76M	$515.05M	$528.55M	$782.50M	$518.44M	$497.10M	$614.05M	$754.50M	$547.75M
Short-term investments	—	—	$191.67M	$204.47M	$202.45M	$195.14M	$202.77M	$196.66M	$128.62M	$191.79M	$203.50M	$241.43M
Receivables	$509.63M	$577.79M	$472.75M	$675.71M	$582.55M	$699.82M	$559.65M	$809.30M	$868.96M	$854.87M	$664.79M	$854.81M
Inventory	$19.51M	$21.04M	$36.75M	$22.32M	$20.71M	$22.38M	$37.57M	$19.81M	$17.94M	$21.50M	$38.25M	$22.66M
Total current assets	$1.09B	$1.21B	$1.25B	$1.29B	$1.39B	$1.51B	$1.63B	$1.65B	$1.60B	$1.76B	$1.72B	$1.75B
Goodwill	$246.68M	$246.68M	$246.70M	$246.68M	$246.68M	$246.68M	$246.68M	$246.68M	$246.68M	$246.68M	$246.68M	$246.68M
Total assets	$1.78B	$1.89B	$1.92B	$1.97B	$2.07B	$2.21B	$2.29B	$2.33B	$2.31B	$2.45B	$2.44B	$2.53B
Total current liabilities	$240.90M	$281.96M	$244.28M	$230.66M	$230.66M	$269.57M	$302.88M	$243.56M	$220.13M	$283.17M	$288.85M	$685.59M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	$418.43M
Long-term debt	$413.87M	$414.27M	$414.68M	$415.10M	$415.52M	$415.91M	$416.32M	$416.75M	$417.18M	$417.58M	$418.00M	$418.43M
Total debt	$413.87M	$414.27M	$414.68M	$415.10M	$415.52M	$415.91M	$416.32M	$416.75M	$417.18M	$417.58M	$418.00M	$836.86M
Total liabilities	$749.52M	$789.01M	$744.44M	$757.62M	$752.68M	$790.57M	$814.34M	$805.71M	$758.71M	$805.01M	$803.22M	$859.19M
Shareholders' equity	$1.03B	$1.10B	$1.18B	$1.21B	$1.32B	$1.42B	$1.48B	$1.53B	$1.55B	$1.64B	$1.63B	$1.67B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$173.33M	$68.57M	$172.20M	-$142.00M	$223.36M	$53.13M	$298.32M	-$195.78M	$91.84M	$220.91M	$316.85M	-$124.79M
Capital expenditures	$9.00K	-$203.00K	$770.00K	$669.00K	$484.00K	$197.00K	$431.00K	$306.00K	-$254.00K	$535.00K	$0	$4.00K
Free cash flow	$173.32M	$68.36M	$171.43M	-$142.67M	$222.88M	$52.94M	$297.89M	-$196.09M	$91.58M	$220.37M	$316.85M	-$124.79M
Investing cash flow	-$61.73M	-$32.22M	-$38.85M	-$20.89M	-$14.78M	-$17.67M	-$34.65M	-$24.72M	-$9.95M	-$84.64M	-$60.52M	-$45.91M
Financing cash flow	-$11.84M	-$14.16M	-$9.31M	-$19.95M	-$8.73M	-$21.95M	-$12.31M	-$43.55M	-$103.23M	-$19.32M	-$115.88M	-$36.05M
Share buybacks	—	—	—	—	—	—	—	—	—	$0	$100.01M	—
Stock-based compensation	$7.60M	$5.25M	$10.19M	$8.45M	$7.92M	$8.55M	$11.87M	$10.22M	$10.27M	$9.57M	$10.19M	-$7.39M
Depreciation & amortization	$26.46M	$26.98M	$28.22M	$28.13M	$27.39M	$28.94M	$30.20M	$29.23M	$30.95M	$32.60M	$33.78M	$34.93M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.