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Stock research / United States / LRN · Services-Educational Services · NYSE

Stride, Inc. (LRN)

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Stride, Inc. (LRN) reported revenue of $636 million for Q4 FY2026, the quarter ended 30 June 2026, down 2.7% on the same quarter a year earlier. Net income was $81 million, up 58.6% on the year, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2026.

Revenue$636 milliondown 2.7%
Net income$81 millionup 58.6%
Diluted EPS$1.75
QuarterQ4 FY2026ended 30 June 2026

Stride (LRN) in brief

Stride (LRN) reported revenue of $2.5 billion for fiscal 2026, the year ended 30 June 2026, up 4.7% on the year before.
Read moreNet income was $338 million and diluted earnings per share $7.14. Revenue was $2.4 billion in fiscal 2025, $2.0 billion in fiscal 2024, $1.8 billion in fiscal 2023 and $1.7 billion in fiscal 2022. Net income in the same years was $288 million, $204 million, $127 million and $107 million. Revenue grew 10.4% a year, compounded, over the five years to fiscal 2026. Stride had 41 million shares outstanding at the latest filed count. At 30 June 2026 it carried $418 million of debt and $755 million of cash. At the close of 9 October 2026 the market cap of Stride was $3.5 billion, 11.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE20.7%
ROCE22.0%
Operating margin17.9%
Net margin13.4%
FCF marginn/a
Interest covern/a
Debt to equity0.26
Cash conversion1.28
Share count, 1 year-4.7%
Sales CAGR, 3 years11.1%
Profit CAGR, 3 years38.7%
EPS, TTM$7.20

At the close of 9 October 2026

Price$85.49
Market cap$3.5 billion
Stock P/E11.87
Price to book2.17
EV / EBITDA5.56
Dividend yieldn/a
Market cap / sales1.41
52-week high$153.53
52-week low$61.02
Price, 1 year-41.0%
Price CAGR, 3 years23.4%
Price CAGR, 5 years18.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Stride, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
LRNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LRN

Filings16 in twelve months: 8 current reports (8-K), about 5 results of operations; 3 officer or director change; 3 regulation FD disclosure; 2 other events; 1 material agreement
Planned insider sales2 Form 144 notices in twelve months, $3.0 million; latest 18 August 2026
Options tapeput/call 0.43 by open interest at the 9 October 2026 close; the straddle prices a 3.5% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.0 million shares short, 10.45 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue480505521534551587613654621631630636
Cost of revenue307304320346335347364415379372398419
Gross profit173201201188216240249239242260232217
Gross margin36%40%39%35%39%41%41%37%39%41%37%34%
SG&A170117113115169115119123173113102111
Operating income3.384.388.373.747.312513156.969.0147129106
Operating margin1%17%17%14%9%21%21%9%11%23%20%17%
Pre-tax income6.488.893.679.953.813013562.182.8133121104
Tax rate24%25%26%20%21%26%26%21%17%25%26%22%
Net income4.966.869.762.840.996.499.351.368.899.588.581.4
Net margin1%13%13%12%7%16%16%8%11%16%14%13%
Diluted EPS$0.11$1.54$1.60$1.42$0.94$2.03$2.02$1.03$1.40$2.12$1.93$1.75
Operating cash flow-13517368.6172-14222353.1298-19691.8221317
Capital expenditure1.70.0n/a0.80.70.50.20.40.3n/a0.50.0
Free cash flow-137173n/a171-14322352.9298-196n/a220317
Buybacksn/an/an/an/an/an/an/an/an/an/a0.0n/a
Shares outstanding43m43m43m43m44m44m43m44m44m43m43m41m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue9488738899181,0161,0411,5371,6871,8372,0402,4052,5182,518
Cost of revenue6085475575926636931,0021,0901,1901,2761,4611,5671,567
Gross profit341326331325352348535596647764944951951
Gross margin35.9%37.4%37.3%35.4%34.7%33.4%34.8%35.4%35.2%37.4%39.2%37.8%37.8%
Research and development14.410.112.59.29.59.73.77.515.516.716.622.0n/a
Selling, general and administrative308302306300307315424440482514524500500
Operating income18.413.913.125.545.532.5110157165250360451451
Operating margin1.9%1.6%1.5%2.8%4.5%3.1%7.2%9.3%9.0%12.2%15.0%17.9%17.9%
Pre-tax income15.113.34.926.548.433.496.0147172269381441441
Income tax5.84.75.4-0.910.58.524.540.145.364.593.0103103
Effective tax rate38.4%35.7%109.3%-3.4%21.8%25.6%25.6%27.3%26.3%24.0%24.4%23.3%23.3%
Net income11.09.00.527.637.224.571.5107127204288338338
Net margin1.2%1.0%0.1%3.0%3.7%2.4%4.6%6.4%6.9%10.0%12.0%13.4%13.4%
Diluted EPS$0.29$0.23$0.01$0.68$0.91$0.60$1.71$2.52$2.97$4.69$5.95$7.14$7.20
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow12012288.710514280.4134207203279433434434
Capital expenditure9.95.02.28.75.51.73.69.74.32.31.80.6n/a
Free cash flow11011786.696.713678.7131197199277431433n/a
Free cash flow margin11.6%13.4%9.7%10.5%13.4%7.6%8.5%11.7%10.8%13.6%17.9%17.2%n/a
Cash from investing-68.3-82.9-57.2-50.5-61.1-217-165-111-118-140-88.0-180-180
Cash from financing-50.4-20.8-14.6-52.7-29.065.6205-93.3-63.5-49.1-62.9-282-282
Depreciation and amortisation80.368.274.375.371.472.190.197.9110110115127127
Share-based compensation21.318.622.620.816.723.639.318.620.331.536.840.340.3
Buybacks26.5n/an/a27.5n/an/an/an/an/an/an/a189n/a
Diluted shares, weighted38m39m40m41m41m41m42m42m43m44m48m47m46m
Shares outstanding at period end38m40m41m40m40m41m42m43m43m43m44m41m41m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity5375595745876336758058139471,1761,4801,6321,632
Redeemable equity9.67.50.7n/an/an/an/an/an/an/an/an/an/a
Debtn/an/an/an/an/an/a299411413415416418418
Operating lease liabilitiesn/an/an/an/an/a96.577.575.159.445.235.28.38.3
Finance lease liabilitiesn/an/an/an/a5.14.641.628.921.326.544.656.556.5
Other liabilities162168160155181297354316320258318320320
Total liabilities and equity7097347357428201,0731,5771,6441,7611,9202,2942,4362,436
Owned
Fixed assets34.428.426.328.932.038.772.161.552.350.978.6102102
Goodwill66.287.387.290.290.2175240241247247247247247
Intangible assets21.223.120.218.015.077.599.588.774.860.318.210.910.9
Investmentsn/an/an/an/an/an/an/an/a112192203203203
Securities held for sale or to maturityn/an/an/an/an/an/a40.584.7n/an/an/an/an/a
Cash and equivalents196214231231283212386389411501782755755
Receivables188170192176192236369419464473560665665
Inventory29.630.630.525.929.928.339.736.036.736.737.638.238.2
Other assets173181148172178305330324364361368415415
Total assets7097347357428201,0731,5771,6441,7611,9202,2942,4362,436
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.2%10.4%11.1%4.7%
Profit growth, compounded43.7%36.5%38.7%17.5%
Return on equity, average10.7%16.8%19.2%20.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Stride's revenue in fiscal 2026?

Stride (LRN) reported revenue of $2.5 billion for fiscal 2026, the year ended 30 June 2026, up 4.7% on the year before.

How much did Stride earn in fiscal 2026?

Net income was $338 million for fiscal 2026, and diluted earnings per share $7.14.

What is Stride's P/E ratio?

At the close of 9 October 2026, Stride traded at 11.9 times its earnings over the twelve months to 30 June 2026.

What is Stride's market cap?

The market cap of Stride was $3.5 billion at the close of 9 October 2026.

How much debt does Stride have?

At 30 June 2026 Stride carried $418 million of debt and $755 million of cash.

Peers: Personal Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Laureate Education, Inc. LAUR$5.4 billion17.9528.2%24.4%17.9%0.14n/a
H&R Block Inc. HRB$5.4 billion7.70624.4%23.0%4.9%12.693.8%
Graham Holdings Co. GHC$5.1 billion9.4611.4%5.1%4.8%0.190.6%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
All 15 in Personal Services
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Service Corp. International SCI$10.5 billion20.0835.0%22.4%2.9%3.451.7%
Ryder System Inc. R$9.1 billion19.4117.2%n/a1.1%1.911.4%
Laureate Education, Inc. LAUR$5.4 billion17.9528.2%24.4%17.9%0.14n/a
H&R Block Inc. HRB$5.4 billion7.70624.4%23.0%4.9%12.693.8%
Graham Holdings Co. GHC$5.1 billion9.4611.4%5.1%4.8%0.190.6%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
Yelp Inc. YELP$1.0 billion8.8919.6%11.7%1.5%0.16n/a
7 companies share its SEC industry code (Services-Educational Services); the rest are the names nearest in size in its wider industry, Personal Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-K30 June 20265 August 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-Q31 December 202528 January 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-K30 June 20256 August 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-Q31 December 202429 January 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-K30 June 20247 August 2024EDGAR
10-Q31 March 202424 April 2024EDGAR

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