Stride, Inc.

Listed Company

LRNCIK 0001157408NYSELarge AcceleratedServices-Educational ServicesDelawareFY ends Jun 30

Period

FY 2025

Revenue

$2.41B

Net Income

$287.94M

Total Assets

$2.29B

Equity

$1.48B

Shares Out

42.52M

Op. Cash Flow

$432.82M

LRN$87.33−34.30% · past yearDBEQ Basic

Daily closing prices

Business

Stride, Inc. is a technology company providing an online educational platform to deliver comprehensive K-12 and adult learning solutions to schools, school districts, and individual consumers throughout the U.S. The company offers curriculum, learning management systems, instruction, and support services across General Education (core K-12 subjects), Career Learning (high-growth industry skills), and Adult Learning (post-secondary certifications in technology and healthcare) segments. Stride serves its market primarily through school-as-a-service contracts with virtual and public schools, supplemented by direct-to-consumer and enterprise sales channels.

Summary from 10-K filed 2025-08-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	2,405	2,040	1,837	1,687	1,537
Instructional costs and services	1,461	1,276	1,190	1,090	1,002
Gross margin	944	764	647	596	535
Selling, general, and administrative expenses	524	514	482	440	424
Impairment of long-lived assets	60	—	—	—	—
Income from operations	360	250	165	157	110
Interest expense, net	−11	−9	−8	−8	−18
Other income, net	34	27	15	−1	3
Income before income taxes and income (loss) from equity method investments	383	268	173	147	95
Income tax expense	−93	−64	−45	−40	−25
Income (loss) from equity method investments	−2	977,000	−334,000	144,000	684,000
Net income attributable to common stockholders	288	204	127	107	71
Basic (in dollars per share)	6.69	4.79	3	2.58	1.78
Diluted (in dollars per share)	5.95	4.69	2.97	2.52	1.71
Basic (in shares)	43	43	42	41	40
Diluted (in shares)	48	44	43	42	42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	782	501	411	389	386
Accounts receivable, net of allowance of $31,124 and $31,298	560	473	464	419	369
Inventories, net	38	37	37	36	40
Prepaid expenses	36	29	25	26	19
Marketable securities	203	192	112	—	—
Other current assets	15	14	17	81	43
Total current assets	1,633	1,245	1,065	951	858
Operating lease right-of-use assets, net	16	55	70	86	95
Property and equipment, net	79	51	52	62	72
Capitalized software, net	75	82	83	72	57
Capitalized curriculum development costs, net	59	53	51	51	50
Intangible assets, net	18	60	75	89	99
Goodwill	247	247	247	241	240
Deferred tax asset	26	7	9	—	—
Deposits and other assets	142	120	109	94	106
Total assets	2,294	1,920	1,761	1,644	1,577
Accounts payable	44	41	49	62	62
Accrued liabilities	103	61	77	63	78
Accrued compensation and benefits	75	65	57	73	80
Deferred revenue	27	36	76	54	38
Current portion of finance lease liability	42	29	36	37	27
Current portion of operating lease liability	11	13	14	13	21
Total current liabilities	303	244	309	302	306
Long-term finance lease liability	45	26	21	29	42
Long-term operating lease liability	35	45	59	75	77
Long-term debt	416	415	413	411	299
Other long-term liabilities	15	14	10	10	16
Total liabilities	814	744	813	831	773
Commitments and contingencies	—	—	—	—	—
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding	—	—	—	—	—
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,852,419 and 48,576,164 shares issued; and 43,517,676 and 43,241,421 shares outstanding, respectively	4,000	4,000	4,000	4,000	4,000
Additional paid-in capital	736	720	695	687	795
Accumulated other comprehensive loss	−67,000	−42,000	−35,000	143,000	−474,000
Retained earnings	846	559	354	227	112
Treasury stock of 5,334,743 shares at cost	−102	−102	−102	−102	−102
Total stockholders' equity	1,480	1,176	947	813	805
Total liabilities and stockholders' equity	2,294	1,920	1,761	1,644	1,577

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization expense	115	110	110	98	90
Stock-based compensation expense	37	31	20	19	39
Deferred income taxes	−18	3	−10	1	3
Provision for credit losses	15	23	9	16	7
Amortization of fees on debt	2	2	2	2	—
Noncash operating lease expense	12	14	15	20	20
Other	−596,000	849,000	−2	10	10
Accounts receivable	−102	−32	−55	−58	−143
Inventories, prepaid expenses, deposits and other current and long-term assets	−6	−9	−19	5	−39
Accounts payable	310,000	−7	−12	11,000	19
Accrued liabilities	41	−17	24	8	16
Accrued compensation and benefits	10	7	−15	−7	32
Operating lease liability	−12	−15	−12	−21	−21
Deferred revenue and other liabilities	−7	−37	22	8	18
Net cash provided by operating activities	433	279	203	207	134
Purchase of property and equipment	−2	−2	−4	−10	−4
Capitalized software development costs	−36	−41	−45	−42	−31
Capitalized curriculum development costs	−22	−19	−17	−16	−17
Sale of other investments	—	—	60,000	5	—
Acquisition of assets	—	—	−1	—	—
Other acquisitions, loans and investments, net of distributions	−21	−5	−2	−4	−2
Proceeds from the maturity of marketable securities	253	204	92	40	—
Purchases of marketable securities	−260	−278	−141	−85	−41
Net cash used in investing activities	−88	−140	−118	−111	−165
Repayments on finance lease obligations	−41	−41	−43	−33	−24
Payments of contingent consideration	—	—	−7	—	—
Proceeds from exercise of stock options	—	—	20,000	414,000	748,000
Repurchase of restricted stock for income tax withholding	−21	−8	−14	−38	−9
Net cash used in financing activities	−63	−49	−64	−93	205
Net change in cash, cash equivalents and restricted cash	282	90	21	3	173

Filings

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Frequently asked questions

What is Stride, Inc.'s CIK number?

Stride, Inc.'s SEC CIK number is 0001157408 (1157408). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Stride, Inc.'s SEC filings?

All of Stride, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Stride, Inc. last report earnings?

Stride, Inc. (LRN) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-002775). This is Stride, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Stride, Inc.'s most recent earnings 8-K?

Stride, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001171843-26-002775. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Stride, Inc.'s latest earnings 8-K →
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