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Stride (LRN) Q4 FY2024 earnings: revenue $534 million, up 10.5% on the year

Stride, Inc. (LRN) reported revenue of $534 million for Q4 FY2024, the quarter ended 30 June 2024, up 10.5% on the same quarter a year earlier. Net income was $63 million, up 44.8% on the year, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2024.

Revenue$534 millionup 10.5%
Net income$63 millionup 44.8%
Diluted EPS$1.42
QuarterQ4 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Revenue534521n/an/a
Cost of revenue346320n/an/a
Gross profit188201n/an/a
Gross margin35.2%38.7%n/a
Selling, general and administrative115113n/an/a
Operating income73.788.3n/an/a
Operating margin13.8%17.0%n/a
Pre-tax income79.993.6n/an/a
Income tax16.124.7n/an/a
Effective tax rate20.2%26.3%n/a
Net income62.869.7n/an/a
Net margin11.8%13.4%n/a
Diluted EPS$1.42$1.60n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. 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. 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.

Cash flow and capital returned

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Operating cash flow17268.6n/an/a
Capital expenditure0.8n/an/an/a
Free cash flow171n/an/an/a
Free cash flow margin32.1%n/an/a
Cash from investing-38.9-32.2n/an/a
Cash from financing-9.3-14.2n/an/a
Depreciation and amortisation28.227.0n/an/a
Share-based compensation10.25.2n/an/a
Diluted shares, weighted44m44mn/an/a
Shares outstanding at period end43m43mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Shareholders' equity1,1761,103n/an/a
Debt415414n/an/a
Operating lease liabilities45.248.4n/an/a
Finance lease liabilities26.529.9n/an/a
Other liabilities258296n/an/a
Total liabilities and equity1,9201,892n/an/a
Fixed assets50.9n/an/an/a
Goodwill247247n/an/a
Intangible assets60.364.7n/an/a
Investments192n/an/an/a
Securities held for sale or to maturityn/a194n/an/a
Cash and equivalents501377n/an/a
Receivables473578n/an/a
Inventory36.721.0n/an/a
Other assets361411n/an/a
Total assets1,9201,892n/an/a

Questions

What was Stride's revenue in Q4 FY2024?

Stride (LRN) reported revenue of $534 million for Q4 FY2024, the quarter ended 30 June 2024, up 10.5% on the same quarter a year earlier.

How much did Stride earn in Q4 FY2024?

Net income for Q4 FY2024 was $63 million, up 44.8% on the year, and diluted earnings per share $1.42.

When did Stride report Q4 FY2024 results?

Stride filed its 10-K for the year that ended with the quarter on 7 August 2024; the fourth quarter is the year less the first three.

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.

Source

10-K for the period ended 30 June 2024, filed 7 August 2024, accession 0001558370-24-011134: the filing on EDGAR. All of Stride, Inc.'s filings: EDGAR company page.

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