LRN

MKT CAP:$4B

Stride, Inc.

Market Cap

$4B

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$100.92+$36.31 (+56.20%)

Apr 22, 2026

Company Details

Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten thro...

CEO

James J. Rhyu

IPO Date

Dec 13, 2007

Website

www.stridelearning.com

Key Metrics TTM

Revenue

$2.5B

+14.9% YoY

Net Income

$319M

EPS (Diluted)

$6.54

Free Cash Flow

$210M

Revenue / Share

$52.19

Gross Margin

39.3%

Operating Margin

16.0%

Net Margin

12.7%

FCF Margin

8.3%

P/S

1.7x

P/E

13.2x

Earnings Reports

Q3 2026

May 5, 2026

PENDING

Q2 2026

Jan 27, 2026

$631M+7.5%EPS $2.09

Q1 2026

Oct 28, 2025

$621M+12.7%EPS $1.40

FY 2025

Aug 5, 2025

$2.4B+17.9%EPS $5.95

Q4 2025

Aug 5, 2025

$654M+22.4%EPS $1.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$422M	$155M	$61M
Q4 22	$455M	$168M	$46M
Q1 23	$425M	$130M	-$29M
Q2 23	$458M	$170M	$68M
Q3 23	$470M	$175M	$72M
Q4 23	$483M	$172M	$54M
Q1 24	$480M	$173M	$3M
Q2 24	$505M	$201M	$84M
Q3 24	$521M	$201M	$88M
Q4 24	$534M	$188M	$74M
Q1 25	$551M	$216M	$47M
Q2 25	$587M	$240M	$125M
Q3 25	$613M	$249M	$131M
Q4 25	$654M	$239M	$57M
Q1 26	$621M	$242M	$69M
Q2 26	$631M	$260M	$147M

Valuation

Quarter	P/S	P/E
Q3 22	2.6x	46.9x
Q4 22	2.5x	39.2x
Q1 23	2.5x	46.5x
Q2 23	2.4x	42.4x
Q3 23	2.3x	37.6x
Q4 23	2.3x	33.1x
Q1 24	2.2x	27.2x
Q2 24	2.2x	24.6x
Q3 24	2.1x	22.7x
Q4 24	2.1x	20.6x
Q1 25	2.0x	17.5x
Q2 25	1.9x	15.6x
Q3 25	1.8x	14.0x
Q4 25	1.7x	14.6x
Q1 26	1.7x	13.3x
Q2 26	1.7x	13.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$93M	$75M
Q4 22	$125M	$106M
Q1 23	-$143M	-$160M
Q2 23	$164M	$147M
Q3 23	$85M	$70M
Q4 23	$97M	$79M
Q1 24	-$135M	-$151M
Q2 24	$173M	$161M
Q3 24	$69M	$52M
Q4 24	$172M	$156M
Q1 25	-$142M	-$157M
Q2 25	$223M	$209M
Q3 25	$53M	$37M
Q4 25	$298M	$284M
Q1 26	-$196M	-$217M
Q2 26	$106M	$106M

Capital Expenditures

Quarter	CapEx
Q3 22	$18M
Q4 22	$20M
Q1 23	$17M
Q2 23	$17M
Q3 23	$15M
Q4 23	$18M
Q1 24	$16M
Q2 24	$13M
Q3 24	$16M
Q4 24	$16M
Q1 25	$15M
Q2 25	$15M
Q3 25	$16M
Q4 25	$15M
Q1 26	$22M
Q2 26	$254.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+7.5%	+2.1%
Q4 22	+14.5%	+8.8%
Q1 23	+6.2%	+15.4%
Q2 23	+11.9%	+10.7%
Q3 23	+11.5%	+10.2%
Q4 23	+6.2%	+5.0%
Q1 24	+12.9%	+5.1%
Q2 24	+10.1%	+7.7%
Q3 24	+10.7%	+8.7%
Q4 24	+10.5%	+7.2%
Q1 25	+14.8%	+5.6%
Q2 25	+16.3%	+9.9%
Q3 25	+17.8%	+11.6%
Q4 25	+22.4%	+29.6%
Q1 26	+12.7%	+9.6%
Q2 26	+7.5%	+4.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$6M	1.3%
Q4 22	$4M	0.9%
Q1 23	$6M	1.3%
Q2 23	$5M	1.1%
Q3 23	$5M	1.0%
Q4 23	$5M	1.1%
Q1 24	$8M	1.8%
Q2 24	$8M	1.5%
Q3 24	$5M	1.0%
Q4 24	$10M	1.9%
Q1 25	$8M	1.5%
Q2 25	$8M	1.3%
Q3 25	$9M	1.4%
Q4 25	$12M	1.8%
Q1 26	$10M	1.6%
Q2 26	$10M	1.6%

OpEx Breakdown

Quarter	SG&A
Q3 22	$94M
Q4 22	$122M
Q1 23	$158M
Q2 23	$102M
Q3 23	$103M
Q4 23	$118M
Q1 24	$170M
Q2 24	$117M
Q3 24	$113M
Q4 24	$115M
Q1 25	$169M
Q2 25	$115M
Q3 25	$119M
Q4 25	$123M
Q1 26	$173M
Q2 26	$113M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$309M	$0	$309M
Q4 22	$389M	$0	$389M
Q1 23	$195M	$0	$195M
Q2 23	$318M	$0	$318M
Q3 23	$374M	$0	$374M
Q4 23	$411M	$112M	$523M
Q1 24	$255M	$0	$255M
Q2 24	$354M	$0	$354M
Q3 24	$377M	$0	$377M
Q4 24	$501M	$192M	$692M
Q1 25	$318M	$204M	$522M
Q2 25	$515M	$202M	$717M
Q3 25	$529M	$195M	$724M
Q4 25	$782M	$203M	$985M
Q1 26	$518M	$197M	$715M
Q2 26	$497M	$129M	$626M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	42M	+0.4%	+1.1%
Q4 22	43M	+1.0%	+0.8%
Q1 23	42M	-1.2%	+3.7%
Q2 23	43M	+1.1%	+1.4%
Q3 23	43M	+0.4%	+1.4%
Q4 23	43M	+0.3%	+0.6%
Q1 24	43M	+0.3%	+2.2%
Q2 24	43M	+1.1%	+2.2%
Q3 24	44M	+0.4%	+2.2%
Q4 24	44M	+1.4%	+3.3%
Q1 25	44M	-1.2%	+1.7%
Q2 25	47M	+8.6%	+9.2%
Q3 25	49M	+3.6%	+12.7%
Q4 25	50M	+1.2%	+12.5%
Q1 26	49M	-1.1%	+12.6%
Q2 26	48M	-1.9%	+1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$59.4K	7K
Q4 22	$60.7K	8K
Q1 23	$56.7K	8K
Q2 23	$61.1K	8K
Q3 23	$62.7K	8K
Q4 23	$62.0K	8K
Q1 24	$61.6K	8K
Q2 24	$64.7K	8K
Q3 24	$66.8K	8K
Q4 24	$68.5K	8K
Q1 25	$70.7K	8K
Q2 25	$75.3K	8K
Q3 25	$78.6K	8K
Q4 25	$76.0K	9K
Q1 26	$72.2K	9K
Q2 26	$73.4K	9K

Revenue / Employee