Stride, Inc. (LRN)
Stride, Inc., a technology company, provides an educational platform to deliver proprietary and third-party curriculum, software systems, and educational services in the United States. The company offers online coursework and content in software engineering, healthcare, and medical fields, as well as state customized versions of those courses, electives, and instructional supports; end-to-end platform includes single sign-on capability for content management, learning management, student information, data reporting and analytics, and various support systems that provides an educational experience for students; and stand-alone products and services which can provide curriculum and content hosting on customers' learning management systems, or integration with customers' student information systems. It also provides instructional services that includes customer support for instructional teams comprising recruitment of state-certified teachers, training in research-based online instruction methods and Stride systems, oversight and evaluation services, and ongoing professional development; training options, such as hands-on training, on-demand courses, and support materials. In addition, the company offers support services, including marketing and enrollment, supporting prospective students through the admission process, assessment management, administrative support, technology, and materials support services. The company provides its products and services through virtual schools, traditional school districts, and consumer. It serves public and private schools, school districts, and charter boards, as well as employers, government agencies, and consumers. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. The company was incorporated in 1999 and is headquartered in Reston, Virginia.
- Symbol
- LRN
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Education & Training Services
- Market cap
- $3.26B
- 52 week range
- 60.61 - 155.06
Valuation
- Share price
- $78.53 (close of 2026-09-23)
- P/E (TTM)
- 9.94x
- Price to book
- 2.00x
- Price to free cash flow
- 7.53x
- Enterprise value
- $3.06B
- Book value per share
- $39.35
Price performance
| Period | Change |
|---|
| 1 day | -1.22% |
| 5 days | -6.02% |
| 1 month | -6.91% |
| 3 months | -5.36% |
| 6 months | -10.08% |
| Year to date | +20.95% |
| 1 year | -44.81% |
| 3 years | +74.47% |
| 5 years | +124.18% |
| 10 years | +461.73% |
| All time | +219.88% |
Profitability and growth
- Return on equity
- 20.72%
- Return on invested capital
- 24.44%
- Return on assets
- 13.89%
- Return on capital employed
- 21.00%
- Gross margin
- 37.75%
- Net margin
- 13.43%
- EBITDA margin
- 22.93%
- Revenue growth
- 4.69%
- Net income growth
- 17.45%
- Free cash flow growth
- 0.51%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 13.27%
- Current ratio
- 5.94x
- Net debt to EBITDA
- -0.36x
Latest reported year
- Period end
- 2026-06-30
- Fiscal year
- 2026
- Revenue
- $2.52B
- Cost of revenue
- $1.57B
- Gross profit
- $950.60M
- EBITDA
- $577.33M
- Net income
- $338.19M
- Earnings per share
- $7.92
- Research and development
- $22.00M
- Shares outstanding
- 42.72M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-06-30 | $2.52B | $950.60M | $338.19M | $7.92 |
| 2025-06-30 | $2.41B | $943.92M | $287.94M | $6.69 |
| 2024-06-30 | $2.04B | $763.60M | $204.18M | $4.79 |
| 2023-06-30 | $1.84B | $647.07M | $126.87M | $3.00 |
| 2022-06-30 | $1.69B | $596.48M | $107.13M | $2.58 |
| 2021-06-30 | $1.54B | $534.90M | $71.45M | $1.78 |
| 2020-06-30 | $1.04B | $347.53M | $24.51M | $0.62 |
| 2019-06-30 | $1.02B | $352.31M | $37.21M | $0.96 |
| 2018-06-30 | $917.73M | $325.24M | $27.62M | $0.70 |
| 2017-06-30 | $888.52M | $331.20M | $451.00K | $0.01 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-06-30 | 37.75% | 13.43% | 20.72% | 24.44% |
| 2025-06-30 | 39.24% | 11.97% | 19.46% | 21.42% |
| 2024-06-30 | 37.43% | 10.01% | 17.36% | 15.38% |
| 2023-06-30 | 35.22% | 6.90% | 13.39% | 11.12% |
| 2022-06-30 | 35.36% | 6.35% | 13.18% | 11.79% |
| 2021-06-30 | 34.81% | 4.65% | 8.88% | 9.71% |
| 2020-06-30 | 33.39% | 2.35% | 3.63% | 4.00% |
| 2019-06-30 | 34.69% | 3.66% | 5.87% | 9.28% |
| 2018-06-30 | 35.44% | 3.01% | 4.70% | 7.12% |
| 2017-06-30 | 37.28% | 0.05% | 0.08% | 2.22% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-06-30 | $754.50M | $418.00M |
| 2025-06-30 | $782.50M | $416.32M |
| 2024-06-30 | $500.61M | $414.68M |
| 2023-06-30 | $410.81M | $413.04M |
| 2022-06-30 | $389.40M | $411.44M |
| 2021-06-30 | $386.08M | $299.27M |
| 2020-06-30 | $212.30M | - |
| 2019-06-30 | $283.12M | - |
| 2018-06-30 | $231.11M | - |
| 2017-06-30 | $230.86M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-06-30 | $433.23M | $40.26M |
| 2025-06-30 | $431.04M | $36.79M |
| 2024-06-30 | $276.53M | $31.46M |
| 2023-06-30 | $198.81M | $20.32M |
| 2022-06-30 | $197.14M | $18.57M |
| 2021-06-30 | $130.58M | $39.33M |
| 2020-06-30 | $78.74M | $23.61M |
| 2019-06-30 | $136.13M | $16.68M |
| 2018-06-30 | $96.70M | $20.82M |
| 2017-06-30 | $86.55M | $22.60M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.30
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $1.89 |
| 2026-04-28 | - | - |
| 2026-01-27 | - | - |
| 2025-10-28 | - | - |
| 2025-08-05 | - | - |
| 2025-04-29 | - | - |
| 2025-01-28 | - | - |
| 2024-10-22 | - | - |
Filings and sources
- Company website
- stridelearning.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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