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Stride, Inc. (LRN) stock

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NYSE: LRN NYSE Education Services Next results ~January 19, 2027

C+ Fundamentals grade

Stride, Inc. is a US-listed company in the education services industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$150–$250 across our lower- and higher-growth cases (1.4%–11.4% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 156% above it.

Price used: $75.71, November 2, 2026

Stride, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling4 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds204 adding, 195 cuttingOf 60 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Stride files

Where Stride stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $2.54bn, up 2.5% on a year earlier, slower than the 4.7% growth a quarter earlier. Free-cash-flow margin rose to 19.9% from 15.3% a year earlier. Operating margin widened to 18.4% from 15.4%. The diluted share count is down 7.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 6 financial-health checks. Our cash-flow model value is $188 a share, against a share price of $78.36. At that price, our model says the market is pricing in cash flow shrinking about 9.8% a year for five years, slower than the 8.5% a year revenue growth it has delivered.

Source: 10-Q filed October 21, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 19, 2027 (estimated)

Stride, Inc.'s trailing-twelve-month revenue grew 2.5% year on year, with a free-cash-flow margin of 19.9%. Where it stands out: change in share count of -7.1% ranks 3 of 24 education services companies we cover. Where it lags: days sales outstanding of 123 days ranks 17 of 18 education services companies we cover.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$150–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 33.6% while net income grew 5.8%: a 28pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $75.71 is 156% below our value per share of $190.
  • Shrinking share count. Diluted shares fell 7.1% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Growth easing. The growth rate is 2.2 points lower than a quarter earlier.
  • Below peers: days sales outstanding. Days sales outstanding of 123 days ranks 17 of 18 education services companies we cover (median 29 days).
  • Heavily shorted. 27.5% of the shares available to trade are sold short (11.1 days of average volume to cover).

Latest results: FY2027 Q1

Filed October 21, 2026
Earnings per share
$1.37 against an average estimate of $1.29: beat by 5.9%
Revenue
$639m, up 3.0% on a year earlier
Share reaction
-5.7% in the first session after the results on October 20, 2026, against +0.9% for the S&P 500
Guidance given
revenue $2.53bn to $2.61bn (fiscal year 2027); capital expenditures $70m to $80m (fiscal year 2027)
Next report
October 20, 2026; average EPS estimate $2.44

Stride's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.4%
  • 1 week-3.5%
  • 1 month-4.0%
  • This year+16.6%
  • 1 year+11.3%
  • 5 years+104.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
18.4%
Net margin
13.2%
EPS (TTM, diluted)
$7.23

Growth

Revenue growth
+2.5%
Change in growth rate
−2.2 pts
Share count change
−7.1%

Cash

Free cash flow (TTM)
$505M
FCF margin
19.9%
Stock pay % of revenue
0.9%

Earnings

Last results
October 20, 2026
Next results (est.)
January 19, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Results
  4. Guidance
  5. Leadership
  6. Results
  7. Results
  8. Leadership
  9. Results
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Stride, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 11.7% a year for five years.That is slower than the 8.5% a year revenue growth Stride has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-11.7%
  • Last 12 months2.5%
  • 3 years a year10.3%
  • 5 years a year8.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($75.54, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$190
Price used
$75.54close November 3, 2026
Implied change
▲ +157%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Stride, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($377M, FY2027 Q1 TTM), growing 3.7% and 6% in the next two years (forecasts, guidance and its record), then back to 6.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$150–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Stride, Inc.'s free cash flow after stock-based pay ( $377M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Stride, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.7 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$190 ~$150–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$97 ~$83–$140 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$160 ~$110–$250 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$130 ~$110–$160 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$150 ~$97–$190 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Stride, Inc. with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +29%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $138$185$246$327$432$569
8.5% $108$142$186$244$319$416
10% $90$116$150$194$251$325

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$12.49$17.92$16.37$30.41$27.24$32.13$40.79$37.23$70.50$145.19$86.24$75.71
Market value$485m$708m$665m$1.2bn$1.1bn$1.3bn$1.7bn$1.6bn$3.1bn$7.0bn$4.1bn$3.5bn
+ Net debt (− = net cash)−$214m−$231m−$231m−$283m−$112m−$87m$22m$2m−$86m−$366m−$337m−$129m
Enterprise value$271m$477m$434m$962m$995m$1.3bn$1.8bn$1.6bn$3.0bn$6.7bn$3.7bn$3.4bn
Multiples
Price / sales 0.6x0.8x0.7x1.2x1.1x0.9x1.0x0.9x1.5x2.9x1.6x1.4x
Price / earnings 53.7xn/m24.1x33.5x45.2x18.8x16.2x12.5x15.0x24.4x12.1x10.5x
Price / free cash flow 4.2x8.2x6.9x9.1x14.1x10.3x8.8x8.0x11.1x16.3x9.4x6.9x
EV / EBITDA 3.3x5.5x4.3x8.2x9.5x6.3x6.9x5.8x8.3x14.0x6.5x5.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

48 /100

Moderate moat

How hard Stride's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Cash operating profit has been a median 6.4% of total assets over 8 years.

  • Pricing power 13 / 20

    Gross margin has been a median 35.8%, moving by 2.0 percentage points (standard deviation) across 8 years.

  • Durability 5 / 20

    Operating margin has been a median 6.9%; its worst year was 2.0%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.9% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 11.5% over five years; stock-based pay has been a median 1.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (53 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.00 +8% $2.6bn +2%
Next $9.61 +7% $2.7bn +5%

Next year's EPS estimate has moved +1.9% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.29 $1.37 +5.9%
Jun 2026 $1.91 $2.12 +10.8%
Mar 2026 $2.21 $2.30 +4.1%
Dec 2025 $2.32 $2.50 +7.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 20, 2026
  • Revenue fiscal year 2027 $2.53bn to $2.61bn
    “Revenue in the range of $2.530 billion to $2.610 billion” source
  • Revenue second quarter of fiscal year 2027 $625m to $645m
    “Revenue in the range of $625 million to $645 million” source
  • Capital expenditures fiscal year 2027 $70m to $80m
    “Capital expenditures in the range of $70 million to $80 million.” source
  • Effective tax rate fiscal year 2027 24% to 26%
    “Effective tax rate of 24% to 26%” source
  • Adjusted operating income fiscal year 2027 $500m to $530m Non-GAAP
    “Adjusted operating income in the range of $500 million to $530 million (2)” source
  • Income from operations Year Ended June 30, 2027 $480m to $504m GAAP
    “Income from operations $ 126.0 $ 134.5 $ 479.5 $ 503.5” source
Show 3 more items
  • Capital expenditures second quarter of fiscal year 2027 $19m to $21m
    “Capital expenditures in the range of $19 million to $21 million.” source
  • Adjusted operating income second quarter of fiscal year 2027 $135m to $145m Non-GAAP
    “Adjusted operating income in the range of $135 million to $145 million (2)” source
  • Income from operations Three Months Ended December 31, 2026 $126m to $135m GAAP
    “Income from operations $ 126.0 $ 134.5 $ 479.5 $ 503.5” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Stride, Inc.'s revenue by +3.7% next year and +6.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.6%, weight 46%) , management guidance (+2.5%, weight 23%) and the company's own record (+6.4%, weight 31%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy133%
Hold267%
Sell00%

Monthly trend

  1. Oct 2026123
  2. Sep 2026123
  3. Aug 2026123
  4. Jul 2026123

Counts of recommendations published by analysts covering Stride, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
27.5%
of tradable shares
Days to cover
11.06
at average volume
Short interest, 1 month
+6%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
3.8%
of shares
Employees
9,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +11.3%

$68.04 on October 31, 2025 to $75.71

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.5bn +4.7%
Net margin 12.0% 13.4% +12.2%
P/E multiple 11.4x 10.6x −7.4%
Share count 48m 47m +2.3%

Biggest factor: net margin.

Last 3 years +35.5%

$55.87 on November 3, 2023 to $75.71

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.5bn +37.0%
Net margin 6.9% 13.4% +94.5%
P/E multiple 18.8x 10.6x −43.7%
Share count 43m 47m −9.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LRN+57%−6%+90%+75%−38%+17%
Industry peers (median)−20%−10%+23%+14%+2%−9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LRN42%58%58%83%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LRN−24%−33%−19%−25%−64%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 64% from August 27, 2025 to December 4, 2025. Getting back needed a 178% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$61.02 – $102.03
From 52-week high
−25.8%
vs 50-day average
−6.9%
vs 200-day average
−12.0%
Volatility (1 year)
41%
Beta vs S&P 500
-0.05

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±14.9%
After a week
7 up, 5 down
typical move ±18.2%
After a month
8 up, 3 down
typical move ±21.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 20, 2026 −5.7% +0.9% −2.2% —
August 4, 2026 +3.1% +1.6% −1.3% +6.2%
July 30, 2026 −17.8% +2.4% −18.1% −11.1%
April 28, 2026 −2.7% −0.5% −4.1% −6.0%
January 27, 2026 +15.6% +0.4% +19.8% +19.9%
October 28, 2025 −54.1% +0.3% −53.4% −58.2%
August 5, 2025 +13.8% +0.3% +20.8% +24.5%
April 29, 2025 +1.0% +0.7% +12.3% +5.6%
January 28, 2025 +7.5% +0.4% +14.9% +12.9%
October 22, 2024 +38.8% −1.0% +40.9% +59.1%
August 6, 2024 +9.6% +0.2% +15.7% +14.2%
April 23, 2024 +8.8% +1.1% +14.9% +19.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Stride, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Stride, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Stride, Inc.
$1.8B $2B $2.2B $2.4B $2.6B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $2B Revenue (TTM), FY24 Q4: $2B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2.2B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.4B Revenue (TTM), FY26 Q1: $2.5B Revenue (TTM), FY26 Q2: $2.5B Revenue (TTM), FY26 Q3: $2.5B Revenue (TTM), FY26 Q4: $2.5B Revenue (TTM), FY27 Q1: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $1.9B
FY24 Q3 $2B
FY24 Q4 $2B
FY25 Q1 $2.1B
FY25 Q2 $2.2B
FY25 Q3 $2.3B
FY25 Q4 $2.4B
FY26 Q1 $2.5B
FY26 Q2 $2.5B
FY26 Q3 $2.5B
FY26 Q4 $2.5B
FY27 Q1 $2.5B
Revenue growth, TTM YoY Stride, Inc.
0% 5% 10% 15% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 10.1% Revenue growth, TTM YoY, FY24 Q3: 10.0% Revenue growth, TTM YoY, FY24 Q4: 11.0% Revenue growth, TTM YoY, FY25 Q1: 11.6% Revenue growth, TTM YoY, FY25 Q2: 13.1% Revenue growth, TTM YoY, FY25 Q3: 14.9% Revenue growth, TTM YoY, FY25 Q4: 17.9% Revenue growth, TTM YoY, FY26 Q1: 17.3% Revenue growth, TTM YoY, FY26 Q2: 14.9% Revenue growth, TTM YoY, FY26 Q3: 10.9% Revenue growth, TTM YoY, FY26 Q4: 4.7% Revenue growth, TTM YoY, FY27 Q1: 2.5% 2.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 10.1%
FY24 Q3 10.0%
FY24 Q4 11.0%
FY25 Q1 11.6%
FY25 Q2 13.1%
FY25 Q3 14.9%
FY25 Q4 17.9%
FY26 Q1 17.3%
FY26 Q2 14.9%
FY26 Q3 10.9%
FY26 Q4 4.7%
FY27 Q1 2.5%
Operating margin (TTM) Stride, Inc.
10% 12% 14% 16% 18% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 11.0% Operating margin (TTM), FY24 Q3: 11.6% Operating margin (TTM), FY24 Q4: 12.2% Operating margin (TTM), FY25 Q1: 13.9% Operating margin (TTM), FY25 Q2: 15.2% Operating margin (TTM), FY25 Q3: 16.5% Operating margin (TTM), FY25 Q4: 15.0% Operating margin (TTM), FY26 Q1: 15.4% Operating margin (TTM), FY26 Q2: 16.0% Operating margin (TTM), FY26 Q3: 15.8% Operating margin (TTM), FY26 Q4: 17.9% Operating margin (TTM), FY27 Q1: 18.4% 18.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 11.0%
FY24 Q3 11.6%
FY24 Q4 12.2%
FY25 Q1 13.9%
FY25 Q2 15.2%
FY25 Q3 16.5%
FY25 Q4 15.0%
FY26 Q1 15.4%
FY26 Q2 16.0%
FY26 Q3 15.8%
FY26 Q4 17.9%
FY27 Q1 18.4%
FCF margin (TTM) Stride, Inc.
5% 10% 15% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 11.2% FCF margin (TTM), FY24 Q3: 10.1% FCF margin (TTM), FY24 Q4: 13.6% FCF margin (TTM), FY25 Q1: 12.8% FCF margin (TTM), FY25 Q2: 14.6% FCF margin (TTM), FY25 Q3: 13.3% FCF margin (TTM), FY25 Q4: 17.9% FCF margin (TTM), FY26 Q1: 15.3% FCF margin (TTM), FY26 Q2: 9.8% FCF margin (TTM), FY26 Q3: 16.3% FCF margin (TTM), FY26 Q4: 17.2% FCF margin (TTM), FY27 Q1: 19.9% 19.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 11.2%
FY24 Q3 10.1%
FY24 Q4 13.6%
FY25 Q1 12.8%
FY25 Q2 14.6%
FY25 Q3 13.3%
FY25 Q4 17.9%
FY26 Q1 15.3%
FY26 Q2 9.8%
FY26 Q3 16.3%
FY26 Q4 17.2%
FY27 Q1 19.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 384 522 708 848 920 948 873 889 918 1,016 1,041 1,537 1,687 1,837 2,040 2,405 2,518 2,537
Gross profit — — — — — — — 331 325 352 348 535 596 647 764 944 951 950
EBITDA 61 67 87 111 109 99 82 87 101 117 105 201 255 276 359 475 577 598
Operating income 35 24 29 46 23 18 14 13 26 45 32 110 157 165 250 360 451 466
Net income 22 13 18 28 20 11 9 0 28 37 25 71 107 127 204 288 338 334
Diluted EPS $0.71 $0.37 $0.45 $0.72 $0.50 $0.29 $0.23 $0.01 $0.68 $0.91 $0.60 $1.71 $2.52 $2.97 $4.69 $5.95 $7.14 $7.23
Growth (year on year)
Revenue — +35.9% +35.6% +19.7% +8.4% +3.1% −8.0% +1.8% +3.3% +10.7% +2.5% +47.7% +9.8% +8.9% +11.0% +17.9% +4.7% +2.5%
EBITDA — +9.7% +29.6% +28.1% −2.1% −9.5% −16.8% +6.4% +15.3% +16.0% −10.6% +91.8% +26.9% +8.4% +30.2% +32.1% +21.6% +20.3%
Operating income — −31.7% +19.7% +57.7% −50.0% −19.4% — — — +78.1% −28.6% +240.3% +41.8% +5.7% +50.8% +44.3% +25.2% +22.1%
Net income — −40.6% +37.1% +60.2% −30.3% −43.9% — — — +34.7% −34.1% +191.6% +49.9% +18.4% +60.9% +41.0% +17.5% +5.8%
Diluted EPS — −47.9% +21.6% +60.0% −30.6% −42.0% — — — +33.8% −34.1% +185.0% +47.4% +17.9% +57.9% +26.9% +20.0% +14.0%
Margins
Gross margin — — — — — — — 37.3% 35.4% 34.7% 33.4% 34.8% 35.4% 35.2% 37.4% 39.2% 37.8% 37.4%
EBITDA margin 15.9% 12.9% 12.3% 13.1% 11.9% 10.4% 9.4% 9.8% 11.0% 11.5% 10.0% 13.0% 15.1% 15.0% 17.6% 19.7% 22.9% 23.6%
Operating margin 9.2% 4.6% 4.1% 5.4% 2.5% 1.9% 1.6% 1.5% 2.8% 4.5% 3.1% 7.2% 9.3% 9.0% 12.2% 15.0% 17.9% 18.4%
Net margin 5.6% 2.4% 2.5% 3.3% 2.1% 1.2% 1.0% 0.1% 3.0% 3.7% 2.4% 4.6% 6.4% 6.9% 10.0% 12.0% 13.4% 13.2%
Free-cash-flow margin — 9.1% 3.2% 10.1% 12.6% 11.6% 13.4% 9.7% 10.5% 13.4% 7.6% 8.5% 11.7% 10.8% 13.6% 17.9% 17.2% 19.9%
Cash flow
Cash from operations 55 67 33 94 123 120 122 89 105 142 80 134 207 203 279 433 434 505
Capital spending — 20 10 8 7 10 5 2 9 5 2 4 10 4 2 2 1 0
Free cash flow — 48 23 86 115 110 117 87 97 136 79 131 197 199 277 431 433 505
Stock-based pay 6 9 10 14 23 21 19 23 21 17 24 39 19 20 31 37 40 23
Free cash flow after stock pay — 38 12 72 93 89 98 64 76 119 55 91 179 178 245 394 393 482
Balance sheet
Cash 82 193 145 181 196 196 214 231 231 283 212 386 389 411 501 782 755 548
Total debt 0 4 34 36 — 0 0 0 0 0 100 299 411 413 415 416 418 418
Net debt (negative = net cash) −82 −189 −111 −145 −196 −196 −214 −231 −231 −283 −112 −87 22 2 −86 −366 −337 −129
Diluted shares 30m 35m 39m 39m 39m 38m 39m 40m 41m 41m 41m 42m 42m 43m 44m 48m 47m 46m
Returned to shareholders
Buybacks — — — — 49 26 — — 27 — — — — — — — 189 —
Total returned — — — — 49 26 — — 27 — — — — — — — 189 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · September 30, 2026
What it owns · $2.5bn
Short-term assets $1.8bnLonger-term assets $777m
What it owes, and who funded it · $2.5bn
Short-term liabilities $686mLonger-term liabilities $174mShareholders' equity $1.7bn
  • Short-term assets cover short-term liabilities $1.8bn of assets due within a year against $686m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.8bn short-term assets against $174m of longer-dated liabilities.
  • More cash than debt $548m of cash against $837m of debt.
  • Debt below 40% of shareholders' equity Debt is 50% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 53% to 50% over five years.
  • A year's operating cash flow covers at least 20% of debt $505m of operating cash flow against $837m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Stride, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$243M
Diluted share count
−7.1%
year over year
Sales & admin spending
19.1%
of revenue
Days sales outstanding
123 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated LRN KLC TAL CVSA LAUR STRA Median
Revenue, last 12 months $2.5bn $2.7bn $3.0bn $2.0bn $1.9bn $1.3bn $266m
Revenue growth, last 12 months 2.5% 1.8% 33.7% 9.3% 20.9% 3.5% 7.5%
Revenue growth, 3-year average 10.3% — 112.4% 11.0% 10.5% 6.1% 10.3%
Revenue growth, latest quarter 3.0% −0.4% — 10.7% 21.2% 4.9% 5.8%
Gross margin 37.4% — 55.4% 57.4% 28.6% — 54.6%
Operating margin 18.4% −14.9% 9.2% 19.8% 25.8% 14.0% 5.0%
Operating margin, 3-year average 15.9% −1.1% 2.4% 18.4% 24.2% 13.5% 5.9%
Net margin 13.2% −17.2% 17.6% 12.8% 20.3% 10.5% 3.9%
Cash from operations / revenue 19.9% 7.7% 20.0% 22.7% 21.8% 16.8% 8.4%
Free-cash-flow margin 19.9% 3.0% 16.9% 17.7% 15.0% 13.1% 5.8%
Free-cash-flow margin, 3-year average 16.0% — 7.4% 16.7% 14.2% 11.6% 5.4%
Stock pay / revenue 0.9% 0.3% 1.4% 2.1% 0.7% 1.7% 1.4%
Change in share count −7.1% 7.4% −6.0% −7.2% −3.7% −6.2% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 2.5% 7.5% 17 of 25
Change in growth rate Growth -2.2pp -0.5pp 17 of 25
Gross margin Profitability 37.4% 54.6% 14 of 19
Operating margin Profitability 18.4% 5.0% 6 of 25
Net margin Profitability 13.2% 3.9% 6 of 25
Free-cash-flow margin Cash generation 19.9% 5.8% 5 of 25
Stock pay as % of revenue Cash generation 0.9% 1.4% 6 of 21
Long-term debt as % of assets Balance sheet 16.5% 16.5% 8 of 14
Change in share count Balance sheet -7.1% 0.7% 3 of 24
Days sales outstanding Balance sheet 123 days 29 days 17 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue YoY
General Education $1.4B ▼ 2.1%
Career Learning $1.1B ▲ 15.0%
Middle High School $1B ▲ 19.1%
Primary Obligor $684M ▲ 3.2%
Adult $56.6M ▼ 29.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Stride, Inc.'s 10-K filed August 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4B
Institutions reporting
409
Shares held vs prior quarter
▲ 1.7%
Positions opened / closed
50 / 59

Top buyers and sellers, Q2 2026: 204 institutions bought and 195 sold ; the biggest buyer was William Blair Investment Management, LLC (+824K shares) and the biggest seller FMR LLC (−821K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $555M 6.4M 13.7% ▲ 0.7%
Vanguard Portfolio Management LLC $205M 2.4M 5.1% ▲ 2.9%
Jupiter Topco LLC $200M 2.3M 4.9% —
Dimensional Fund Advisors LP $165M 1.9M 4.1% ▲ 9.4%
Vanguard Capital Management LLC $159M 1.8M 3.9% ▲ 0.5%
State Street Corp $143M 1.7M 3.5% ▲ 3.2%
Impactive Capital LP $112M 1.3M 2.8% ▲ 17.1%
Morgan Stanley $112M 1.3M 2.8% ▲ 16.5%
Frontier Capital Management Co LLC $103M 1.2M 2.5% ▼ 23.1%
Principal Financial Group Inc $96M 1.1M 2.4% ▲ 7.7%
Geode Capital Management, LLC $95.2M 1.1M 2.4% ▲ 6.0%
Swedbank AB $83.9M 973K 2.1% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Stride, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $12.2M 4 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $12.2M net buying
Insider Date Trade Shares Price Value
Haggart Dylan G. Director October 27, 2026 Buy 792 $78.52 $62,188
Haggart Dylan G. Director October 26, 2026 Buy 90,856 $78.44 $7.1M
Haggart Dylan G. Director October 26, 2026 Buy 4,152 $78.47 $325,807
Haggart Dylan G. Director October 23, 2026 Buy 59,188 $79.84 $4.7M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 19, 2027 estimated from the company's past filing pattern, not announced

  • October 20, 2026
  • August 4, 2026
  • July 30, 2026
  • April 28, 2026
  • January 27, 2026
  • October 28, 2025

Recent SEC filings

Data status

When each part of this page on Stride, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Stride, Inc. in brief

What does Stride, Inc. do?
Stride, Inc. is a US-listed company in the education services industry. Its financial year ends in June.
What is Stride, Inc.'s stock ticker?
Stride, Inc. trades under the ticker LRN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Stride, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Stride, Inc. reported revenue of $2.5B, 2.5% higher than a year earlier, according to its SEC filings.
What is Stride, Inc.'s free cash flow?
Stride, Inc.'s free-cash-flow margin is 19.9% of revenue over the trailing twelve months, ranking 5 of the 25 education services companies we cover.
What is Stride, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Stride, Inc.'s free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$150–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Stride, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Jupiter Topco LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Stride, Inc.'s market cap?
On November 2, 2026, Stride, Inc.'s market capitalisation was about $3.5B, with a price-to-earnings ratio of 10.5 and net debt of -$129M. Market figures come from third-party market data and may be delayed.
How much debt does Stride, Inc. have?
Stride, Inc.'s debt-to-equity ratio is 50.1%, from its latest balance sheet (52.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Stride, Inc.'s competitors?
In our Education Services peer group, the companies closest to Stride, Inc. are Kindercare Learning Companies, Inc., TAL Education Group, Covista Inc., Laureate Education, Inc. and Strategic Education, Inc. The side-by-side comparison below sets their revenue, margins and growth against Stride, Inc.'s.
Are insiders buying or selling Stride, Inc. stock?
Over the last 12 months, Stride, Inc.'s directors and officers reported 4 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Stride, Inc.'s next earnings date?
Around January 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Stride, Inc. announces its own schedule.