NYSE : LRN
Stride, Inc. — Financial statements
Consumer Staples · Education & Training Services · United States
Last price 78.36 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.25B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Stride, Inc. (LRN) reported revenue of 2.54B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.54B | 2.52B | 2.41B | 2.04B | 1.84B | 1.69B |
| Cost of Revenue | 1.59B | 1.57B | 1.46B | 1.28B | 1.19B | 1.09B |
| Gross Profit | 950.19M | 950.60M | 943.92M | 763.60M | 647.07M | 596.48M |
| Selling, General & Admin | 438.17M | 454.43M | 485.55M | 472.70M | 437.40M | 402.95M |
| Research & Development | 22.00M | 22.00M | 16.60M | 16.70M | 15.50M | 7.50M |
| Amortization of Goodwill & Intangibles | 20.60M | 20.40M | 19.40M | 20.80M | 20.80M | 18.40M |
| Operating Expenses | 483.77M | 499.83M | 524.35M | 514.00M | 477.31M | 432.75M |
| Operating Income | 466.43M | 450.77M | 419.57M | 249.60M | 169.76M | 163.73M |
| Interest Expense | -11.38M | -11.78M | -10.50M | -8.81M | -8.40M | -8.28M |
| Interest & Investment Income | 29.70M | 30.40M | 31.60M | 25.60M | 13.60M | 400.00K |
| Earnings From Equity Investments | -686.00K | -205.00K | -2.27M | 977.00K | -334.00K | 144.00K |
| Other Non Operating Income (Expenses) | -18.96M | -4.23M | 1.03M | 1.30M | 1.85M | 2.82M |
| EBT Excluding Unusual Items | 465.09M | 464.96M | 439.43M | 268.67M | 176.48M | 158.82M |
| Gain (Loss) on Sale of Investments | -24.00M | -24.00M | 1.00M | -4.50M | ||
| Asset Writedown | -600.00K | -59.48M | ||||
| Other Unusual Items | -4.27M | -7.10M | ||||
| Pretax Income | 440.49M | 440.96M | 380.95M | 268.67M | 172.21M | 147.22M |
| Income Tax Expense | 106.18M | 102.77M | 93.01M | 64.48M | 45.35M | 40.09M |
| Earnings From Continuing Operations | 334.31M | 338.19M | 287.94M | 204.18M | 126.87M | 107.13M |
| Net Income | 334.31M | 338.19M | 287.94M | 204.18M | 126.87M | 107.13M |
| Net Income to Common | 334.31M | 338.19M | 287.94M | 204.18M | 126.87M | 107.13M |
| Shares Outstanding (Basic) | 42.24M | 42.72M | 43.04M | 42.63M | 42.29M | 41.45M |
| Shares Outstanding (Diluted) | 46.23M | 47.33M | 48.41M | 43.54M | 42.73M | 42.44M |
| EPS (Basic) | 7.91 | 7.92 | 6.69 | 4.79 | 3.00 | 2.58 |
| EPS (Diluted) | 7.23 | 7.14 | 5.95 | 4.69 | 2.97 | 2.52 |
| Free Cash Flow | 504.52M | 433.23M | 431.04M | 276.53M | 197.41M | 197.14M |
| Free Cash Flow Per Share | 10.91 | 9.15 | 8.90 | 6.35 | 4.62 | 4.64 |
| Gross Margin | 37.46% | 37.75% | 39.24% | 37.43% | 35.22% | 35.36% |
| Operating Margin | 18.39% | 17.90% | 17.44% | 12.23% | 9.24% | 9.71% |
| Profit Margin | 13.18% | 13.43% | 11.97% | 10.01% | 6.91% | 6.35% |
| Free Cash Flow Margin | 19.89% | 17.21% | 17.92% | 13.55% | 10.74% | 11.69% |
| EBITDA | 530.59M | 510.23M | 467.34M | 295.28M | 225.22M | 214.44M |
| EBITDA Margin | 20.92% | 20.26% | 19.43% | 14.47% | 12.26% | 12.71% |
| D&A For EBITDA | 64.16M | 59.46M | 47.77M | 45.68M | 55.46M | 50.71M |
| EBIT | 466.43M | 450.77M | 419.57M | 249.60M | 169.76M | 163.73M |
| EBIT Margin | 18.39% | 17.90% | 17.44% | 12.23% | 9.24% | 9.71% |
| Effective Tax Rate | 24.10% | 23.30% | 24.41% | 24.00% | 26.33% | 27.23% |
| Advertising Expenses | 92.10M | 103.60M | 96.50M | 96.80M | 86.50M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 547.75M | 754.50M | 782.50M | 500.61M | 410.81M | 389.40M |
| Short-Term Investments | 241.43M | 203.50M | 202.77M | 191.67M | 111.92M | 63.00M |
| Cash & Short-Term Investments | 789.17M | 958.00M | 985.27M | 692.29M | 522.73M | 452.40M |
| Receivables | 854.81M | 664.79M | 559.65M | 472.75M | 463.72M | 418.56M |
| Inventory | 22.66M | 38.25M | 37.57M | 36.75M | 36.72M | 36.00M |
| Prepaid Expenses | 75.34M | 43.05M | 35.58M | 29.16M | 24.82M | 25.97M |
| Other Current Assets | 12.41M | 12.03M | 14.67M | 14.49M | 17.22M | 17.60M |
| Total Current Assets | 1.75B | 1.72B | 1.63B | 1.25B | 1.07B | 950.53M |
| Property, Plant & Equipment | 180.17M | 109.34M | 94.58M | 105.36M | 121.84M | 146.99M |
| Long-Term Investments | 95.20M | 76.20M | 26.10M | 21.90M | 22.80M | 30.20M |
| Goodwill | 246.68M | 246.68M | 246.68M | 246.68M | 246.68M | 241.02M |
| Other Intangible Assets | 111.02M | 105.88M | 93.54M | 142.23M | 158.24M | 160.47M |
| Long-Term Deferred Tax Assets | 26.38M | 7.20M | 8.78M | |||
| Long-Term Deferred Charges | 88.06M | 85.00M | 101.88M | 97.33M | 50.79M | 50.58M |
| Other Long-Term Assets | 55.41M | 96.34M | 72.06M | 54.32M | 86.35M | 63.75M |
| Total Assets | 2.53B | 2.44B | 2.29B | 1.92B | 1.76B | 1.64B |
| Accounts Payable | 75.88M | 46.74M | 43.96M | 40.97M | 48.85M | 62.00M |
| Accrued Expenses | 96.62M | 130.84M | 125.61M | 114.97M | 134.05M | 136.23M |
| Current Portion of Leases | 87.84M | 63.21M | 53.71M | 41.89M | 50.07M | 50.22M |
| Current Income Taxes Payable | 27.50M | 52.60M | 10.70M | |||
| Current Unearned Revenue | 6.82M | 20.55M | 27.00M | 35.74M | 76.16M | 53.63M |
| Total Current Liabilities | 685.59M | 288.85M | 302.88M | 244.28M | 309.13M | 302.07M |
| Long-Term Debt | 418.00M | 416.32M | 414.68M | 413.04M | 411.44M | |
| Long-Term Leases | 112.77M | 64.77M | 79.73M | 71.64M | 80.70M | 104.02M |
| Long-Term Unearned Revenue | 20.00K | 58.00K | 327.00K | 1.10M | 2.06M | 3.10M |
| Long-Term Deferred Tax Liabilities | 41.14M | 13.03M | 3.21M | |||
| Other Long-Term Liabilities | 19.68M | 18.52M | 15.08M | 12.74M | 8.44M | 7.13M |
| Total Liabilities | 859.19M | 803.22M | 814.34M | 744.44M | 813.37M | 830.96M |
| Common Stock | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 714.35M | 739.83M | 735.71M | 720.03M | 695.48M | 687.45M |
| Retained Earnings | 1.25B | 1.18B | 846.45M | 558.51M | 354.33M | 227.46M |
| Treasury Stock | -292.09M | -292.09M | -102.48M | -102.48M | -102.48M | -102.48M |
| Comprehensive Income & Other | -60.00K | -59.00K | -67.00K | -42.00K | -35.00K | 143.00K |
| Total Common Equity | 1.67B | 1.63B | 1.48B | 1.18B | 947.30M | 812.58M |
| Shareholders' Equity | 1.67B | 1.63B | 1.48B | 1.18B | 947.30M | 812.58M |
| Total Liabilities & Equity | 2.53B | 2.44B | 2.29B | 1.92B | 1.76B | 1.64B |
| Total Debt | 619.03M | 545.98M | 549.76M | 528.21M | 543.81M | 565.67M |
| Net Cash (Debt) | 265.34M | 488.22M | 461.61M | 185.97M | 1.72M | -91.57M |
| Net Cash Per Share | 5.74 | 10.31 | 9.53 | 4.27 | 0.04 | -2.16 |
| Filing Date Shares Outstanding | 41.45M | 41.16M | 43.05M | 42.55M | 42.18M | 41.64M |
| Total Common Shares Outstanding | 41.44M | 41.08M | 42.94M | 42.51M | 42.19M | 41.65M |
| Working Capital | 1.07B | 1.43B | 1.33B | 1.00B | 756.06M | 648.46M |
| Book Value Per Share | 40.35 | 39.74 | 34.46 | 27.66 | 22.45 | 19.51 |
| Tangible Book Value | 1.31B | 1.28B | 1.14B | 787.12M | 542.38M | 411.09M |
| Tangible Book Value Per Share | 31.71 | 31.16 | 26.53 | 18.52 | 12.86 | 9.87 |
| Machinery | 238.98M | 188.00M | 143.12M | 131.30M | 123.56M | |
| Leasehold Improvements | 8.59M | 10.33M | 10.37M | 11.59M | 12.61M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 334.31M | 338.19M | 287.94M | 204.18M | 126.87M | 107.13M |
| Depreciation & Amortization | 64.16M | 59.46M | 47.77M | 45.68M | 55.46M | 50.71M |
| Other Amortization | 63.78M | 63.37M | 64.25M | 61.64M | 50.90M | 44.97M |
| Asset Writedown & Restructuring Costs | 6.00M | 5.40M | 63.78M | 4.00M | 5.60M | 3.80M |
| Stock-Based Compensation | 22.64M | 40.26M | 36.79M | 31.46M | 20.32M | 18.57M |
| Provision & Write-off of Bad Debts | 15.23M | 16.46M | 15.27M | 22.84M | 9.16M | 15.67M |
| Other Operating Activities | 55.30M | 65.57M | -6.11M | 17.98M | 2.39M | 30.95M |
| Change in Accounts Receivable | -60.24M | -121.37M | -102.19M | -32.06M | -54.91M | -57.50M |
| Change in Inventory | 24.50M | 6.54M | -6.24M | -8.88M | -19.39M | 4.80M |
| Change in Accounts Payable | 14.33M | 2.16M | 310.00K | -6.84M | -12.00M | 11.00K |
| Change in Unearned Revenue | -10.64M | -3.27M | -7.18M | -37.07M | 22.34M | 8.38M |
| Change in Other Net Operating Assets | -24.56M | -38.96M | 38.43M | -24.15M | -3.58M | -20.61M |
| Operating Cash Flow | 504.81M | 433.81M | 432.82M | 278.80M | 203.15M | 206.88M |
| Capital Expenditures | -285.00K | -587.00K | -1.78M | -2.27M | -5.75M | -9.75M |
| Cash Acquisitions | -53.85M | -55.54M | -20.68M | -5.20M | -1.65M | -3.90M |
| Sale (Purchase) of Intangibles | -81.35M | -78.26M | -58.23M | -59.32M | -62.21M | -57.88M |
| Investment in Securities | -65.54M | -45.44M | -7.30M | -73.09M | -48.63M | -39.23M |
| Investing Cash Flow | -201.02M | -179.83M | -88.00M | -139.87M | -118.24M | -110.76M |
| Long-Term Debt Repaid | -56.86M | -41.47M | -40.92M | -42.96M | -33.01M | |
| Total Debt Repaid | -61.44M | -56.86M | -41.47M | -40.92M | -42.96M | -33.01M |
| Net Debt Issued (Repaid) | -61.44M | -56.86M | -41.47M | -40.92M | -42.96M | -33.01M |
| Issuance of Common Stock | 20.00K | 414.00K | ||||
| Repurchase of Common Stock | -213.04M | -225.13M | -21.47M | -8.20M | -13.54M | -37.85M |
| Other Financing Activities | -7.02M | -22.86M | ||||
| Financing Cash Flow | -274.48M | -281.98M | -62.94M | -49.12M | -63.50M | -93.31M |
| Net Cash Flow | 29.31M | -28.00M | 281.88M | 89.81M | 21.41M | 2.82M |
| Free Cash Flow | 504.52M | 433.23M | 431.04M | 276.53M | 197.41M | 197.14M |
| Free Cash Flow Margin | 19.89% | 17.21% | 17.92% | 13.55% | 10.74% | 11.69% |
| Free Cash Flow Per Share | 10.91 | 9.15 | 8.90 | 6.35 | 4.62 | 4.64 |
| Levered Free Cash Flow | 324.76M | 224.87M | 297.65M | 161.16M | 123.22M | 93.83M |
| Unlevered Free Cash Flow | 330.19M | 230.56M | 302.57M | 165.03M | 126.88M | 97.43M |
| Cash Interest Paid | 10.22M | 10.44M | 9.14M | 7.52M | 6.95M | 6.64M |
| Cash Income Tax Paid | 67.90M | 85.23M | 37.13M | 35.97M | ||
| Change in Working Capital | -56.61M | -154.90M | -76.87M | -109.00M | -67.54M | -64.92M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.25B | 3.61B | 6.23B | 3.00B | 1.57B | 1.69B |
| Enterprise Value | 2.98B | 3.30B | 6.04B | 2.96B | 1.65B | 1.87B |
| Last Close Price | 78.36 | 86.24 | 145.19 | 70.50 | 37.23 | 40.79 |
| PE Ratio | 10.85 | 10.68 | 21.64 | 14.67 | 12.37 | 15.79 |
| Forward PE | 8.57 | 10.29 | 19.02 | 14.54 | 11.62 | 16.14 |
| PS Ratio | 1.28 | 1.44 | 2.59 | 1.47 | 0.85 | 1.00 |
| PB Ratio | 1.94 | 2.21 | 4.21 | 2.55 | 1.66 | 2.08 |
| P/TBV Ratio | 2.47 | 2.82 | 5.47 | 3.81 | 2.89 | 4.12 |
| P/FCF Ratio | 6.44 | 8.34 | 14.46 | 10.83 | 7.95 | 8.58 |
| P/OCF Ratio | 6.43 | 8.33 | 14.40 | 10.75 | 7.73 | 8.18 |
| PEG Ratio | 0.43 | 0.66 | 0.66 | 0.66 | 0.58 | 0.81 |
| EV/Sales Ratio | 1.18 | 1.31 | 2.51 | 1.45 | 0.90 | 1.11 |
| EV/EBITDA Ratio | 5.62 | 6.48 | 12.92 | 10.03 | 7.32 | 8.74 |
| EV/EBIT Ratio | 6.40 | 7.33 | 14.39 | 11.87 | 9.71 | 11.45 |
| EV/FCF Ratio | 5.91 | 7.63 | 14.01 | 10.71 | 8.35 | 9.51 |
| Debt / Equity Ratio | 0.37 | 0.33 | 0.37 | 0.45 | 0.57 | 0.70 |
| Debt / EBITDA Ratio | 1.16 | 1.06 | 1.14 | 1.70 | 2.26 | 2.40 |
| Debt / FCF Ratio | 1.23 | 1.26 | 1.27 | 1.91 | 2.75 | 2.87 |
| Net Debt / Equity Ratio | -0.16 | -0.30 | -0.31 | -0.16 | -0.00 | 0.11 |
| Net Debt / EBITDA Ratio | -0.50 | -0.96 | -0.99 | -0.63 | -0.01 | 0.43 |
| Net Debt / FCF Ratio | -0.53 | -1.13 | -1.07 | -0.67 | -0.01 | 0.47 |
| Asset Turnover | 1.04 | 1.06 | 1.14 | 1.11 | 1.08 | 1.05 |
| Inventory Turnover | 74.69 | 41.35 | 39.33 | 34.75 | 32.74 | 28.81 |
| Quick Ratio | 2.40 | 5.62 | 5.10 | 4.77 | 3.19 | 2.88 |
| Current Ratio | 2.56 | 5.94 | 5.39 | 5.10 | 3.45 | 3.15 |
| Return on Equity (ROE) | 20.90% | 21.73% | 21.68% | 19.23% | 14.42% | 13.25% |
| Return on Assets (ROA) | 11.99% | 11.91% | 12.45% | 8.48% | 6.23% | 6.35% |
| Return on Invested Capital (ROIC) | 26.01% | 30.54% | 30.85% | 19.16% | 13.21% | 13.29% |
| Return on Capital Employed (ROCE) | 25.30% | 21.00% | 21.10% | 14.90% | 11.70% | 12.20% |
| Earnings Yield | 9.22% | 9.36% | 4.62% | 6.82% | 8.08% | 6.33% |
| FCF Yield | 15.53% | 11.99% | 6.92% | 9.23% | 12.58% | 11.65% |
| Buyback Yield / Dilution | 7.15% | 2.23% | -11.21% | -1.89% | -0.68% | -1.37% |