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Stride (LRN) Financials

Stride logo
$80.27 -2.31 (-2.80%)
Closing price 03:59 PM Eastern
Extended Trading
$80.01 -0.26 (-0.32%)
As of 04:28 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Stride

Annual Income Statements for Stride

This table shows Stride's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 9.04 0.45 28 37 25 71 107 127 204 288 338
Consolidated Net Income / (Loss)		 8.55 -0.46 27 37 25 71 107 127 204 288 338
Net Income / (Loss) Continuing Operations		 8.55 -0.46 27 37 25 71 107 127 204 288 338
Total Pre-Tax Income 		13 4.94 27 48 33 95 147 173 268 383 441
Total Operating Income		 14 13 26 45 32 110 157 165 250 360 451
Total Gross Profit		 326 331 325 352 348 535 596 647 764 944 951
Total Revenue		 873 889 918 1,016 1,041 1,537 1,687 1,837 2,040 2,405 2,518
Operating Revenue		 873 889 918 1,016 1,041 1,537 1,687 1,837 2,040 2,405 2,518
Total Cost of Revenue		 547 557 592 663 693 1,002 1,090 1,190 1,276 1,461 1,567
Operating Cost of Revenue		 547 557 592 663 693 1,002 1,090 1,190 1,276 1,461 1,567
Total Operating Expenses		 312 318 300 307 315 424 440 482 514 584 500
Selling, General & Admin Expense		 302 306 300 307 315 424 440 482 514 524 500
Impairment Charge		 - - - - - - - 0.00 0.00 59 0.00
Total Other Income / (Expense), net		 -0.62 -8.19 0.97 2.88 0.97 -15 -9.55 7.05 18 23 -9.61
Interest & Investment Income		 - 1.81 0.97 2.76 0.70 -18 -8.28 -8.40 -8.81 -11 -12
Other Income / (Expense), net		 - -10 0.00 0.11 0.27 2.83 -1.28 15 27 34 2.17
Income Tax Expense		 4.75 5.40 -0.91 11 8.54 25 40 45 64 93 103
Other Gains / (Losses), net		 - - 0.00 -0.63 -0.38 0.68 0.14 -0.33 0.98 -2.27 -0.21
Basic Earnings per Share		 $0.24 $0.01 $0.70 $0.96 $0.62 $1.78 $2.58 $3.00 $4.79 $6.69 $7.92
Weighted Average Basic Shares Outstanding		 37.61M 38.30M 39.28M 38.85M 39.48M 40.21M 41.45M 42.29M 42.63M 43.04M 42.72M
Diluted Earnings per Share		 $0.23 $0.01 $0.68 $0.91 $0.60 $1.71 $2.52 $2.97 $4.69 $5.95 $7.14
Weighted Average Diluted Shares Outstanding		 38.85M 39.50M 40.64M 40.94M 40.66M 41.87M 42.44M 42.73M 43.54M 48.41M 47.33M
Weighted Average Basic & Diluted Shares Outstanding		 37.60M 45.10M 39.50M 38.80M 40.66M 41.87M 42.44M 42.99M 43.28M 43.63M 41.56M

Quarterly Income Statements for Stride

This table shows Stride's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 67 70 63 41 96 99 51 69 99 89 81
Consolidated Net Income / (Loss)		 67 70 63 41 96 99 51 69 99 89 81
Net Income / (Loss) Continuing Operations		 67 70 63 41 96 99 51 69 99 89 81
Total Pre-Tax Income 		89 94 79 54 130 135 64 83 133 121 104
Total Operating Income		 84 88 74 47 125 131 57 69 147 129 106
Total Gross Profit		 201 201 188 216 240 249 239 242 260 232 217
Total Revenue		 505 521 534 551 587 613 654 621 631 630 636
Operating Revenue		 505 521 534 551 587 613 654 621 631 630 636
Total Cost of Revenue		 304 320 346 335 347 364 415 379 372 398 419
Operating Cost of Revenue		 304 320 346 335 347 364 415 379 372 398 419
Total Operating Expenses		 117 113 115 169 115 119 182 173 113 102 111
Selling, General & Admin Expense		 117 113 115 169 115 119 123 173 113 102 111
Total Other Income / (Expense), net		 4.52 5.27 5.20 6.43 4.66 4.57 7.47 14 -14 -8.34 -1.53
Interest & Investment Income		 -2.02 -2.40 -2.32 -2.35 -2.67 -2.79 -2.69 -3.08 -2.81 -3.00 -2.89
Other Income / (Expense), net		 6.54 7.68 7.52 8.78 7.33 7.36 10 17 -11 -5.34 1.36
Income Tax Expense		 22 25 16 11 33 35 13 14 34 32 23
Other Gains / (Losses), net		 0.22 0.76 0.00 -1.61 -0.01 -0.56 -0.09 0.40 0.17 -0.67 -0.11
Basic Earnings per Share		 $1.57 $1.63 $1.48 $0.95 $2.24 $2.31 $1.19 $1.59 $2.31 $2.09 $1.93
Weighted Average Basic Shares Outstanding		 42.56M 42.68M 42.63M 42.87M 43.02M 43.09M 43.04M 43.37M 43.07M 42.33M 42.72M
Diluted Earnings per Share		 $1.54 $1.60 $1.44 $0.94 $2.03 $2.02 $0.96 $1.40 $2.12 $1.93 $1.69
Weighted Average Diluted Shares Outstanding		 43.46M 43.66M 43.54M 43.71M 47.46M 49.18M 48.41M 49.22M 46.86M 45.84M 47.33M
Weighted Average Basic & Diluted Shares Outstanding		 43.37M 43.25M 43.28M 43.59M 43.55M 43.52M 43.63M 43.86M 42.58M 42.52M 41.56M

Annual Cash Flow Statements for Stride

This table details how cash moves in and out of Stride's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 18 17 2.25 52 -71 173 2.82 21 90 282 -28
Net Cash From Operating Activities		 122 89 105 142 80 134 207 203 279 433 434
Net Cash From Continuing Operating Activities		 122 89 105 142 80 134 207 203 279 433 434
Net Income / (Loss) Continuing Operations		 8.55 -0.46 27 37 25 71 107 127 204 288 338
Consolidated Net Income / (Loss)		 8.55 -0.46 27 37 25 71 107 127 204 288 338
Depreciation Expense		 68 74 75 71 72 90 98 110 110 115 127
Amortization Expense		 - - - 0.00 0.00 13 1.57 1.60 1.64 1.65 1.67
Non-Cash Adjustments To Reconcile Net Income		 23 48 -3.59 20 22 26 59 25 60 124 62
Changes in Operating Assets and Liabilities, net		 22 -34 6.35 13 -38 -66 -59 -60 -96 -95 -94
Net Cash From Investing Activities		 -83 -57 -50 -61 -217 -165 -111 -118 -140 -88 -180
Net Cash From Continuing Investing Activities		 -83 -57 -50 -61 -217 -165 -111 -118 -140 -88 -180
Purchase of Property, Plant & Equipment		 -41 -29 -33 -32 -26 -35 -52 -49 -43 -38 -62
Purchase of Investments		 - - - -13 -4.37 -42 -89 -142 -283 -281 -380
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 45 92 204 253 279
Other Investing Activities, net		 -22 -19 -9.93 -17 -19 -17 -16 -17 -19 -22 -17
Net Cash From Financing Activities		 -21 -15 -53 -29 66 205 -93 -64 -49 -63 -282
Net Cash From Continuing Financing Activities		 -21 -15 -53 -29 66 205 -93 -64 -49 -63 -282
Repayment of Debt		 -17 -16 -13 0.00 -33 -124 0.00 -43 -41 -41 -57
Repurchase of Preferred Equity		 -3.39 -6.19 -10 -9.96 -6.76 -9.23 -38 -14 -8.20 -21 -36
Repurchase of Common Equity		 - - -27 - - - - - 0.00 0.00 -189

Quarterly Cash Flow Statements for Stride

This table details how cash moves in and out of Stride's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 100 22 124 -183 200 14 251 -264 -21 117 140
Net Cash From Operating Activities		 173 69 172 -142 223 53 298 -196 92 221 317
Net Cash From Continuing Operating Activities		 173 69 172 -142 223 53 298 -196 92 221 317
Net Income / (Loss) Continuing Operations		 67 70 63 41 96 99 51 69 99 89 81
Consolidated Net Income / (Loss)		 67 70 63 41 96 99 51 69 99 89 81
Depreciation Expense		 26 27 28 28 27 29 30 29 31 33 34
Amortization Expense		 0.42 0.40 0.40 0.42 0.42 0.39 0.41 0.43 0.43 0.40 0.42
Non-Cash Adjustments To Reconcile Net Income		 31 8.31 11 9.37 9.46 16 74 16 17 24 4.88
Changes in Operating Assets and Liabilities, net		 48 -37 70 -221 90 -91 143 -311 -56 75 196
Net Cash From Investing Activities		 -62 -32 -39 -21 -15 -18 -35 -25 -9.95 -85 -61
Net Cash From Continuing Investing Activities		 -62 -32 -39 -21 -15 -18 -35 -25 -9.95 -85 -61
Purchase of Property, Plant & Equipment		 -8.37 -12 -11 -9.46 -10 -10 -8.25 -14 -11 -13 -24
Purchase of Investments		 -89 -43 -120 -61 -86 -83 -51 -65 -116 -97 -103
Sale and/or Maturity of Investments		 40 27 97 54 86 81 31 62 122 30 66
Other Investing Activities, net		 -4.32 -4.80 -5.13 -5.32 -4.52 -5.61 -6.35 -7.68 -5.25 -5.23 1.49
Net Cash From Financing Activities		 -12 -14 -9.31 -20 -8.73 -22 -12 -44 -103 -19 -116
Net Cash From Continuing Financing Activities		 -12 -14 -9.31 -20 -8.73 -22 -12 -44 -103 -19 -116
Repayment of Debt		 - - -41 -8.75 -7.97 -13 -12 -12 -14 -15 -16
Repurchase of Preferred Equity		 -1.07 -4.44 -0.60 -11 -0.76 -8.71 -0.80 -32 -0.60 -3.98 -0.29
Repurchase of Common Equity		 - - - - - - - - - - -100

Annual Balance Sheets for Stride

This table presents Stride's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 734 735 742 820 1,073 1,577 1,644 1,761 1,920 2,294 2,436
Total Current Assets		 446 474 454 530 501 858 951 1,065 1,245 1,633 1,716
Cash & Equivalents		 214 231 231 283 212 386 389 411 501 782 755
Short-Term Investments		 - - - - - - - 112 192 203 203
Accounts Receivable		 170 192 176 192 236 369 419 464 473 560 665
Inventories, net		 31 31 26 30 28 40 36 37 37 38 38
Prepaid Expenses		 9.63 8.01 10 13 13 19 26 25 29 36 43
Other Current Assets		 22 12 10 12 11 43 81 17 14 15 12
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 288 262 288 290 572 720 693 695 675 661 719
Goodwill		 87 87 90 90 175 240 241 247 247 247 247
Intangible Assets		 23 20 18 15 77 99 160 75 60 18 11
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - 0.00 8.78 7.20 26 0.00
Other Noncurrent Operating Assets		 178 154 180 185 320 380 292 365 361 370 462
Total Liabilities & Shareholders' Equity		 734 735 742 820 1,073 1,577 1,644 1,761 1,920 2,294 2,436
Total Liabilities		 168 160 155 186 398 773 831 813 744 814 803
Total Current Liabilities		 123 118 116 156 273 306 302 309 244 303 289
Accounts Payable		 26 30 29 50 40 62 62 49 41 44 47
Accrued Expenses		 27 22 14 21 27 78 63 77 61 103 95
Current Deferred Revenue		 26 25 23 23 24 38 54 76 36 27 21
Current Employee Benefit Liabilities		 31 29 36 42 47 80 73 57 65 75 63
Other Current Liabilities		 - - - 0.00 34 48 50 50 42 54 63
Total Noncurrent Liabilities		 45 42 39 31 125 466 529 504 500 511 514
Long-Term Debt		 - - - - 0.00 299 411 413 415 416 418
Noncurrent Deferred & Payable Income Tax Liabilities		 18 17 13 17 14 32 3.21 0.00 - 0.00 13
Other Noncurrent Operating Liabilities		 9.78 12 10 8.92 111 135 114 91 85 95 83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 559 574 587 633 675 805 813 947 1,176 1,480 1,632
Total Preferred & Common Equity		 559 574 587 633 675 805 813 947 1,176 1,480 1,632
Preferred Stock		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 559 574 587 633 675 805 813 947 1,176 1,480 1,632
Common Stock		 675 690 703 713 731 795 687 695 720 736 740
Retained Earnings		 -41 -41 -13 22 47 112 227 354 559 846 1,185
Treasury Stock		 -75 -75 -102 -102 -102 -102 -102 -102 -102 -102 -292
Accumulated Other Comprehensive Income / (Loss)		 -0.29 -0.17 -0.25 -0.04 0.09 -0.47 0.14 -0.04 -0.04 -0.07 -0.06

Quarterly Balance Sheets for Stride

This table presents Stride's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 1,619 1,700 1,768 1,782 1,892 1,972 2,071 2,208 2,333 2,307 2,447
Total Current Assets		 929 1,007 1,080 1,089 1,209 1,291 1,388 1,513 1,650 1,600 1,759
Cash & Equivalents		 318 374 255 354 377 318 515 529 518 497 614
Short-Term Investments		 - - - - - 204 202 195 197 129 192
Accounts Receivable		 442 475 630 510 578 676 583 700 809 869 855
Inventories, net		 24 23 22 20 21 22 21 22 20 18 22
Prepaid Expenses		 44 39 50 36 40 54 51 50 91 74 65
Other Current Assets		 101 97 124 170 194 17 16 17 15 13 12
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 690 693 687 693 683 681 682 695 683 706 688
Goodwill		 247 247 247 247 247 247 247 247 247 247 247
Intangible Assets		 160 80 72 69 65 58 55 53 16 94 13
Noncurrent Deferred & Refundable Income Taxes		 - - 1.77 9.50 15 0.00 0.00 3.36 0.00 0.00 0.00
Other Noncurrent Operating Assets		 284 366 367 368 357 376 380 392 420 366 429
Total Liabilities & Shareholders' Equity		 1,619 1,700 1,768 1,782 1,892 1,972 2,071 2,208 2,333 2,307 2,447
Total Liabilities		 777 800 809 750 789 758 753 791 806 759 805
Total Current Liabilities		 249 284 299 241 282 231 231 270 244 220 283
Accounts Payable		 33 35 75 31 37 50 31 40 56 46 45
Accrued Expenses		 41 46 51 56 68 56 83 71 59 63 97
Current Deferred Revenue		 84 94 84 64 71 32 17 33 19 5.08 19
Current Employee Benefit Liabilities		 34 54 40 43 62 40 45 69 44 43 60
Other Current Liabilities		 58 55 50 46 44 52 56 56 66 63 62
Total Noncurrent Liabilities		 528 516 510 509 507 527 522 521 562 539 522
Long-Term Debt		 412 413 413 414 414 415 416 416 417 417 418
Noncurrent Deferred & Payable Income Tax Liabilities		 11 5.35 - - - 2.30 0.47 - 22 27 18
Other Noncurrent Operating Liabilities		 105 98 97 95 93 110 106 105 124 95 87
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 842 899 958 1,033 1,103 1,214 1,318 1,417 1,527 1,548 1,642
Total Preferred & Common Equity		 842 899 958 1,033 1,103 1,214 1,318 1,417 1,527 1,548 1,642
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 842 899 958 1,033 1,103 1,214 1,318 1,417 1,527 1,548 1,642
Common Stock		 689 691 702 709 710 717 725 725 715 724 730
Retained Earnings		 255 311 359 426 496 599 696 795 915 1,015 1,103
Treasury Stock		 -102 -102 -102 -102 -102 -102 -102 -102 -102 -191 -191
Accumulated Other Comprehensive Income / (Loss)		 0.19 0.06 -0.04 -0.04 -0.04 -0.06 -0.04 -0.05 -0.06 -0.06 -0.06

Annual Metrics And Ratios for Stride

This table displays calculated financial ratios and metrics derived from Stride's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 42,524,840.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 42,524,840.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 7.95
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.97% 1.81% 3.29% 10.68% 2.46% 47.66% 9.75% 8.93% 11.03% 17.90% 4.69%
EBITDA Growth		 -14.00% -5.76% 30.22% 16.07% -10.41% 106.05% 17.99% 14.94% 32.41% 31.51% 13.95%
EBIT Growth		 -8.62% -77.51% 716.40% 78.51% -28.23% 246.13% 37.13% 16.48% 52.80% 42.40% 15.04%
NOPAT Growth		 -21.19% -113.64% 2,264.62% 34.70% -32.11% 239.42% 38.92% 7.08% 55.30% 43.92% 26.79%
Net Income Growth		 -8.31% -105.37% 6,073.86% 35.70% -34.14% 191.57% 49.93% 18.42% 60.94% 41.02% 17.45%
EPS Growth		 -20.69% -95.65% 6,700.00% 33.82% -34.07% 185.00% 47.37% 17.86% 57.91% 26.87% 20.00%
Operating Cash Flow Growth		 1.41% -27.14% 18.84% 34.29% -43.21% 66.82% 54.22% -1.80% 37.24% 55.24% 0.23%
Free Cash Flow Firm Growth		 -20.74% -42.14% 29.26% 310.89% -483.18% 55.61% 96.09% 4,281.82% 8.11% 102.41% -36.98%
Invested Capital Growth		 -1.31% -2.47% 4.37% -1.88% 50.18% 27.50% 16.27% 0.36% 7.26% 1.36% 19.95%
Revenue Q/Q Growth		 -1.62% -0.62% 2.58% 1.75% 1.23% 48.16% -15.66% 1.56% 2.55% 5.23% -0.69%
EBITDA Q/Q Growth		 8.48% -6.57% 5.06% -5.33% 6.47% 12.22% 6.04% 9.14% 5.41% -2.33% 8.15%
EBIT Q/Q Growth		 577.65% -64.95% 25.34% -13.44% 18.95% 13.98% 13.59% 11.92% 8.39% -3.47% 9.74%
NOPAT Q/Q Growth		 538.81% -123.89% 29.72% -15.76% 10.51% 12.93% 20.94% 5.85% 10.63% -4.57% 11.98%
Net Income Q/Q Growth		 331.73% -107.90% 139.06% -13.95% 6.85% 8.52% 19.65% 13.70% 10.50% -3.83% 9.76%
EPS Q/Q Growth		 560.00% -92.86% 142.86% -13.33% 1.69% 8.23% 19.43% 14.23% 9.84% -7.47% 11.39%
Operating Cash Flow Q/Q Growth		 -10.11% -9.49% -1.07% 14.65% 12.73% 51.56% 1.20% -12.32% 36.98% 41.12% 4.46%
Free Cash Flow Firm Q/Q Growth		 -75.16% 164.33% -57.19% 118.70% 4.00% -10.44% 92.03% 98.37% 510.92% -17.86% -0.36%
Invested Capital Q/Q Growth		 -2.64% -9.20% -4.29% -11.15% -8.39% -4.69% -5.48% -10.73% -21.25% -17.93% -12.87%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.38% 37.28% 35.44% 34.69% 33.39% 34.81% 35.36% 35.22% 37.43% 39.24% 37.75%
EBITDA Margin		 9.41% 8.71% 10.98% 11.52% 10.07% 14.05% 15.11% 15.94% 19.01% 21.20% 23.08%
Operating Margin		 1.59% 1.48% 2.78% 4.48% 3.12% 7.19% 9.29% 9.01% 12.23% 14.97% 17.90%
EBIT Margin		 1.59% 0.35% 2.78% 4.49% 3.14% 7.37% 9.21% 9.85% 13.55% 16.37% 17.99%
Profit (Net Income) Margin		 0.98% -0.05% 2.99% 3.66% 2.35% 4.65% 6.35% 6.90% 10.01% 11.97% 13.43%
Tax Burden Percent		 64.31% -9.30% 103.43% 76.94% 73.31% 74.97% 72.84% 73.53% 76.28% 75.14% 76.66%
Interest Burden Percent		 95.57% 157.78% 103.78% 106.05% 102.13% 84.13% 94.67% 95.36% 96.81% 97.33% 97.40%
Effective Tax Rate		 35.69% 109.30% -3.43% 21.75% 25.55% 25.75% 27.26% 26.28% 24.09% 24.27% 23.29%
Return on Invested Capital (ROIC)		 2.37% -0.33% 7.06% 9.40% 5.15% 12.81% 14.68% 14.59% 21.83% 30.15% 34.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.59% -0.71% 6.58% 8.71% 4.97% 23.42% 35.69% 3.50% 14.23% 26.55% 35.89%
Return on Net Nonoperating Assets (RNNOA)		 -0.83% 0.25% -2.34% -3.31% -1.41% -3.15% -1.43% -0.17% -2.60% -8.46% -12.79%
Return on Equity (ROE)		 1.54% -0.08% 4.72% 6.10% 3.75% 9.66% 13.25% 14.42% 19.23% 21.69% 21.74%
Cash Return on Invested Capital (CROIC)		 3.69% 2.17% 2.78% 11.31% -34.97% -11.37% -0.37% 14.23% 14.82% 28.79% 16.39%
Operating Return on Assets (OROA)		 1.93% 0.43% 3.46% 5.84% 3.46% 8.55% 9.65% 10.63% 15.02% 18.68% 19.15%
Return on Assets (ROA)		 1.19% -0.06% 3.71% 4.77% 2.59% 5.39% 6.65% 7.45% 11.09% 13.66% 14.30%
Return on Common Equity (ROCE)		 1.51% -0.08% 4.72% 6.10% 3.75% 9.66% 13.25% 14.42% 19.23% 21.69% 21.74%
Return on Equity Simple (ROE_SIMPLE)		 1.53% -0.08% 4.67% 5.87% 3.63% 8.88% 13.18% 13.39% 17.36% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 8.95 -1.22 26 36 24 82 114 122 189 273 346
NOPAT Margin		 1.03% -0.14% 2.88% 3.50% 2.32% 5.34% 6.76% 6.64% 9.29% 11.34% 13.73%
Net Nonoperating Expense Percent (NNEP)		 -0.22% 0.38% 0.48% 0.70% 0.18% -10.61% -21.02% 11.09% 7.60% 3.60% -1.37%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 14.38% 16.86%
Cost of Revenue to Revenue		 62.62% 62.72% 64.56% 65.31% 66.61% 65.19% 64.64% 64.78% 62.57% 60.76% 62.25%
SG&A Expenses to Revenue		 34.63% 34.40% 32.66% 30.21% 30.27% 27.62% 26.08% 26.21% 25.20% 21.80% 19.85%
R&D to Revenue		 1.15% 1.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 35.78% 35.80% 32.66% 30.21% 30.27% 27.62% 26.08% 26.21% 25.20% 24.27% 19.85%
Earnings before Interest and Taxes (EBIT)		 14 3.13 26 46 33 113 155 181 277 394 453
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 82 77 101 117 105 216 255 293 388 510 581
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 1.27 1.15 1.93 1.65 1.66 2.15 1.69 2.59 4.27 2.25
Price to Tangible Book Value (P/TBV)		 1.09 1.56 1.41 2.31 2.64 3.28 4.24 2.56 3.51 5.20 2.67
Price to Revenue (P/Rev)		 0.56 0.82 0.73 1.20 1.07 0.87 1.03 0.87 1.49 2.63 1.46
Price to Earnings (P/E)		 54.03 1,611.84 24.40 32.86 45.56 18.68 16.28 12.63 14.94 21.95 10.84
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.85% 0.06% 4.10% 3.04% 2.19% 5.35% 6.14% 7.92% 6.70% 4.56% 9.22%
Enterprise Value to Invested Capital (EV/IC)		 0.81 1.42 1.23 2.57 1.78 1.74 2.12 1.78 3.09 6.31 2.86
Enterprise Value to Revenue (EV/Rev)		 0.35 0.58 0.51 0.95 0.97 0.81 1.05 0.81 1.36 2.39 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 3.71 6.70 4.65 8.24 9.58 5.78 6.93 5.10 7.15 11.27 5.38
Enterprise Value to EBIT (EV/EBIT)		 21.91 165.77 18.36 21.14 30.69 11.02 11.37 8.25 10.02 14.60 6.90
Enterprise Value to NOPAT (EV/NOPAT)		 34.07 0.00 17.75 27.09 41.56 15.22 15.50 12.23 14.63 21.09 9.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.50 5.85 4.45 6.81 12.49 9.30 8.54 7.35 9.94 13.29 7.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 21.89 64.37 45.02 22.53 0.00 0.00 0.00 12.54 21.54 22.08 19.06
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.04 0.04 0.04 0.15 0.37 0.51 0.44 0.35 0.28 0.26
Long-Term Debt to Equity		 0.02 0.02 0.02 0.01 0.00 0.37 0.51 0.44 0.35 0.28 0.26
Financial Leverage		 -0.32 -0.35 -0.36 -0.38 -0.28 -0.13 -0.04 -0.05 -0.18 -0.32 -0.36
Leverage Ratio		 1.30 1.29 1.27 1.28 1.45 1.79 1.99 1.93 1.73 1.59 1.52
Compound Leverage Factor		 1.24 2.03 1.32 1.36 1.48 1.51 1.89 1.84 1.68 1.54 1.48
Debt to Total Capital		 3.93% 3.67% 4.24% 3.75% 12.90% 27.11% 33.61% 30.36% 26.07% 21.96% 20.39%
Short-Term Debt to Total Capital		 2.24% 1.99% 2.18% 2.98% 12.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 1.68% 1.68% 2.07% 0.77% 0.00% 27.11% 33.61% 30.36% 26.07% 21.96% 20.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.27% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 94.80% 96.21% 95.76% 96.25% 87.10% 72.89% 66.39% 69.64% 73.93% 78.04% 79.61%
Debt to EBITDA		 0.28 0.28 0.26 0.21 0.95 1.39 1.61 1.41 1.07 0.82 0.72
Net Debt to EBITDA		 -2.32 -2.70 -2.03 -2.21 -1.07 -0.40 0.09 -0.37 -0.72 -1.12 -0.93
Long-Term Debt to EBITDA		 0.12 0.13 0.13 0.04 0.00 1.39 1.61 1.41 1.07 0.82 0.72
Debt to NOPAT		 2.59 -17.95 0.98 0.69 4.14 3.65 3.61 3.39 2.19 1.53 1.21
Net Debt to NOPAT		 -21.33 171.19 -7.76 -7.26 -4.65 -1.06 0.19 -0.90 -1.47 -2.09 -1.56
Long-Term Debt to NOPAT		 1.11 -8.21 0.48 0.14 0.00 3.65 3.61 3.39 2.19 1.53 1.21
Altman Z-Score		 3.45 4.45 4.48 5.95 3.07 2.77 3.26 3.36 5.03 7.48 5.77
Noncontrolling Interest Sharing Ratio		 1.54% 0.72% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.62 4.02 3.91 3.40 1.83 2.80 3.15 3.45 5.10 5.39 5.94
Quick Ratio		 3.12 3.59 3.51 3.05 1.64 2.47 2.67 3.19 4.77 5.10 5.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 14 8.06 10 43 -164 -73 -2.85 119 129 260 164
Operating Cash Flow to CapEx		 295.05% 305.93% 316.88% 450.89% 313.33% 387.63% 398.32% 411.99% 649.53% 1,132.76% 697.70%
Free Cash Flow to Firm to Interest Expense		 22.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 197.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 130.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.21 1.21 1.24 1.30 1.10 1.16 1.05 1.08 1.11 1.14 1.06
Accounts Receivable Turnover		 4.88 4.91 4.98 5.52 4.87 5.08 4.28 4.17 4.36 4.66 4.11
Inventory Turnover		 18.16 18.23 21.00 23.75 23.80 29.47 28.81 32.74 34.75 39.33 41.35
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 19.61 19.91 19.94 16.62 15.25 19.53 17.56 21.48 28.42 34.41 34.56
Days Sales Outstanding (DSO)		 74.82 74.30 73.28 66.11 75.01 71.90 85.25 87.63 83.78 78.33 88.74
Days Inventory Outstanding (DIO)		 20.10 20.02 17.38 15.37 15.33 12.39 12.67 11.15 10.50 9.28 8.83
Days Payable Outstanding (DPO)		 18.61 18.33 18.30 21.97 23.93 18.68 20.78 17.00 12.84 10.61 10.56
Cash Conversion Cycle (CCC)		 76.31 76.00 72.36 59.51 66.41 65.60 77.14 81.79 81.44 77.01 87.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 375 366 382 375 563 718 835 838 898 911 1,092
Invested Capital Turnover		 2.31 2.40 2.45 2.68 2.22 2.40 2.17 2.20 2.35 2.66 2.51
Increase / (Decrease) in Invested Capital		 -4.98 -9.28 16 -7.20 188 155 117 2.99 61 12 182
Enterprise Value (EV)		 305 519 469 964 1,004 1,248 1,766 1,493 2,772 5,750 3,127
Market Capitalization		 488 727 674 1,223 1,117 1,335 1,744 1,602 3,049 6,319 3,667
Book Value per Share		 $14.30 $14.16 $14.26 $15.75 $16.47 $19.37 $19.01 $22.01 $27.19 $34.00 $38.39
Tangible Book Value per Share		 $11.47 $11.51 $11.64 $13.14 $10.32 $9.81 $9.62 $14.54 $20.09 $27.91 $32.33
Total Capital		 589 597 613 658 775 1,104 1,224 1,360 1,591 1,896 2,050
Total Debt		 23 22 26 25 100 299 411 413 415 416 418
Total Long-Term Debt		 9.92 10 13 5.06 0.00 299 411 413 415 416 418
Net Debt		 -191 -209 -205 -258 -112 -87 22 -110 -278 -569 -540
Capital Expenditures (CapEx)		 41 29 33 31 26 35 52 49 43 38 62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 122 137 120 111 116 165 259 233 309 345 469
Debt-free Net Working Capital (DFNWC)		 336 368 351 394 328 551 648 756 1,001 1,330 1,427
Net Working Capital (NWC)		 323 356 338 374 228 551 648 756 1,001 1,330 1,427
Net Nonoperating Expense (NNE)		 0.40 -0.76 -1.00 -1.62 -0.34 11 6.81 -4.86 -15 -15 7.57
Net Nonoperating Obligations (NNO)		 -191 -209 -205 -258 -112 -87 22 -110 -278 -569 -540
Total Depreciation and Amortization (D&A)		 68 74 75 71 72 103 99 112 111 116 128
Debt-free, Cash-free Net Working Capital to Revenue		 13.99% 15.40% 13.08% 10.88% 11.10% 10.75% 15.36% 12.70% 15.14% 14.33% 18.64%
Debt-free Net Working Capital to Revenue		 38.51% 41.38% 38.26% 38.76% 31.50% 35.87% 38.45% 41.15% 49.08% 55.29% 56.68%
Net Working Capital to Revenue		 36.99% 40.05% 36.81% 36.83% 21.89% 35.87% 38.45% 41.15% 49.08% 55.29% 56.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 $0.01 $0.70 $0.96 $0.62 $1.78 $2.58 $3.00 $4.79 $6.69 $7.92
Adjusted Weighted Average Basic Shares Outstanding		 37.61M 38.30M 39.28M 38.85M 39.48M 40.21M 41.45M 42.29M 42.63M 43.04M 42.72M
Adjusted Diluted Earnings per Share		 $0.23 $0.01 $0.68 $0.91 $0.60 $1.71 $2.52 $2.97 $4.69 $5.95 $7.14
Adjusted Weighted Average Diluted Shares Outstanding		 38.85M 39.50M 40.64M 40.94M 40.66M 41.87M 42.44M 42.73M 43.54M 48.41M 47.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 39.67M 40.77M 39.57M 40.25M 41.31M 41.59M 42.44M 42.99M 43.28M 43.63M 41.56M
Normalized Net Operating Profit after Tax (NOPAT)		 8.95 9.19 18 36 24 82 114 122 189 318 346
Normalized NOPAT Margin		 1.03% 1.03% 1.95% 3.50% 2.32% 5.34% 6.76% 6.64% 9.29% 13.21% 13.73%
Pre Tax Income Margin		 1.52% 0.56% 2.89% 4.76% 3.21% 6.20% 8.72% 9.39% 13.12% 15.93% 17.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 22.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 14.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -44.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -52.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 100.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 55.78%

Quarterly Metrics And Ratios for Stride

This table displays calculated financial ratios and metrics derived from Stride's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 42,580,290.00 42,524,840.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 42,580,290.00 42,524,840.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.08 1.91
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.13% 10.75% 10.49% 14.77% 16.31% 17.77% 22.36% 12.67% 7.50% 2.69% -2.69%
EBITDA Growth		 17.80% 18.51% 22.15% 129.37% 36.14% 35.74% -11.10% 36.47% 4.51% -6.41% 44.84%
EBIT Growth		 26.07% 25.01% 35.77% 561.43% 45.80% 43.92% -17.45% 53.05% 2.76% -10.43% 59.96%
NOPAT Growth		 27.16% 22.04% 45.05% 1,381.58% 46.99% 48.41% -22.50% 52.27% 17.74% -1.22% 81.95%
Net Income Growth		 31.81% 25.65% 44.75% 738.09% 44.22% 42.56% -18.26% 68.29% 3.20% -10.89% 58.59%
EPS Growth		 29.41% 23.08% 41.18% 754.55% 31.82% 26.25% -33.33% 48.94% 4.43% -4.46% 76.04%
Operating Cash Flow Growth		 5.48% -19.37% 77.66% -4.95% 28.86% -22.51% 73.24% -37.87% -58.89% 315.77% 6.21%
Free Cash Flow Firm Growth		 -204.40% -6,879.12% -105.79% 104.26% 116.42% 192.95% 1,630.97% -236.52% -226.51% -138.11% -398.23%
Invested Capital Growth		 0.00% 21.59% 7.26% -0.91% -6.96% -2.74% 1.36% 11.01% 31.80% 12.98% 19.95%
Revenue Q/Q Growth		 5.14% 3.16% 2.56% 3.16% 6.56% 4.46% 6.57% -5.01% 1.67% -0.22% 0.98%
EBITDA Q/Q Growth		 218.84% 4.82% -10.99% -22.89% 89.24% 4.51% -41.70% 18.36% 44.92% -6.41% -9.78%
EBIT Q/Q Growth		 970.44% 5.69% -15.41% -30.88% 135.97% 4.32% -51.48% 28.16% 58.43% -9.07% -13.36%
NOPAT Q/Q Growth		 2,403.75% 2.88% -9.85% -36.20% 148.40% 3.87% -52.92% 25.36% 92.08% -12.86% -13.29%
Net Income Q/Q Growth		 1,270.15% 4.27% -9.91% -34.88% 135.78% 3.06% -48.34% 34.06% 44.59% -11.01% -8.06%
EPS Q/Q Growth		 1,300.00% 3.90% -10.00% -34.72% 115.96% -0.49% -52.48% 45.83% 51.43% -8.96% -12.44%
Operating Cash Flow Q/Q Growth		 228.11% -60.44% 151.15% -182.46% 257.29% -76.21% 461.48% -165.63% 146.91% 140.55% 43.43%
Free Cash Flow Firm Q/Q Growth		 7.70% 86.63% 98.42% 2,292.75% 255.51% -24.34% -74.04% -295.53% -229.43% 77.21% -103.15%
Invested Capital Q/Q Growth		 -2.25% 4.46% -21.25% 23.24% -8.23% 9.20% -17.93% 34.96% 8.97% -6.39% -12.87%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.85% 38.65% 35.23% 39.17% 40.85% 40.64% 36.55% 39.00% 41.13% 36.76% 34.16%
EBITDA Margin		 23.31% 23.69% 20.56% 15.37% 27.29% 27.30% 14.94% 18.61% 26.53% 24.88% 22.23%
Operating Margin		 16.70% 16.96% 13.79% 8.59% 21.30% 21.32% 8.70% 11.11% 23.26% 20.49% 16.64%
EBIT Margin		 17.99% 18.43% 15.20% 10.18% 22.55% 22.52% 10.25% 13.83% 21.56% 19.65% 16.86%
Profit (Net Income) Margin		 13.24% 13.38% 11.75% 7.42% 16.42% 16.20% 7.85% 11.08% 15.76% 14.05% 12.80%
Tax Burden Percent		 75.26% 74.46% 79.59% 76.03% 74.29% 73.39% 79.77% 83.07% 74.64% 73.32% 78.01%
Interest Burden Percent		 97.77% 97.50% 97.15% 95.81% 97.98% 97.98% 95.98% 96.42% 97.93% 97.57% 97.31%
Effective Tax Rate		 24.99% 26.35% 20.41% 20.97% 25.71% 26.19% 20.08% 17.41% 25.49% 26.13% 21.88%
Return on Invested Capital (ROIC)		 44.46% 23.90% 25.80% 12.89% 32.93% 31.97% 18.49% 19.44% 37.08% 32.49% 32.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 56.60% 36.01% 23.66% 26.30% 30.08% 29.89% 17.10% 13.61% 40.98% 34.45% 32.92%
Return on Net Nonoperating Assets (RNNOA)		 3.26% 1.38% -4.32% 0.63% -3.10% -3.20% -5.45% -2.01% -7.30% -7.84% -11.73%
Return on Equity (ROE)		 47.72% 25.28% 21.48% 13.51% 29.83% 28.77% 13.04% 17.43% 29.78% 24.65% 20.95%
Cash Return on Invested Capital (CROIC)		 -170.79% -3.01% 14.82% 21.09% 31.33% 28.18% 28.79% 14.63% -1.15% 13.94% 16.39%
Operating Return on Assets (OROA)		 19.57% 20.41% 16.85% 11.50% 25.68% 25.11% 11.70% 15.91% 24.81% 21.40% 17.95%
Return on Assets (ROA)		 14.40% 14.82% 13.03% 8.38% 18.69% 18.06% 8.96% 12.74% 18.14% 15.31% 13.63%
Return on Common Equity (ROCE)		 47.72% 25.28% 21.48% 13.51% 29.83% 28.77% 13.04% 17.43% 29.78% 24.65% 20.95%
Return on Equity Simple (ROE_SIMPLE)		 16.52% 16.75% 0.00% 19.78% 20.46% 21.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 63 65 59 37 93 97 45 57 109 95 83
NOPAT Margin		 12.52% 12.49% 10.98% 6.79% 15.83% 15.74% 6.95% 9.18% 17.33% 15.14% 13.00%
Net Nonoperating Expense Percent (NNEP)		 -12.13% -12.11% 2.14% -13.42% 2.85% 2.08% 1.39% 5.84% -3.90% -1.96% -0.23%
Return On Investment Capital (ROIC_SIMPLE)		 4.37% - - - 5.36% 5.27% 2.40% 2.93% 5.57% 4.63% 4.03%
Cost of Revenue to Revenue		 60.15% 61.35% 64.77% 60.83% 59.15% 59.36% 63.45% 61.00% 58.87% 63.24% 65.84%
SG&A Expenses to Revenue		 23.15% 21.70% 21.44% 30.58% 19.54% 19.32% 18.75% 27.89% 17.87% 16.27% 17.52%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.15% 21.70% 21.44% 30.58% 19.54% 19.32% 27.85% 27.89% 17.87% 16.27% 17.52%
Earnings before Interest and Taxes (EBIT)		 91 96 81 56 132 138 67 86 136 124 107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 118 123 110 85 160 167 98 116 167 157 141
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.49 2.48 2.59 3.04 3.44 3.89 4.27 4.25 1.84 2.29 2.25
Price to Tangible Book Value (P/TBV)		 3.59 3.45 3.51 4.06 4.46 4.93 5.20 5.14 2.36 2.72 2.67
Price to Revenue (P/Rev)		 1.33 1.37 1.49 1.75 2.07 2.41 2.63 2.63 1.13 1.48 1.46
Price to Earnings (P/E)		 15.09 14.80 14.94 15.37 16.80 18.40 21.95 20.57 8.93 12.18 10.84
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 6.63% 6.76% 6.70% 6.51% 5.95% 5.44% 4.56% 4.86% 11.20% 8.21% 9.22%
Enterprise Value to Invested Capital (EV/IC)		 2.41 2.43 3.09 3.24 4.16 4.69 6.31 5.04 1.97 2.69 2.86
Enterprise Value to Revenue (EV/Rev)		 1.36 1.39 1.36 1.70 1.93 2.28 2.39 2.50 1.05 1.33 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 7.55 7.54 7.15 8.23 8.84 9.96 11.27 11.46 4.81 6.26 5.38
Enterprise Value to EBIT (EV/EBIT)		 11.16 10.87 10.02 11.06 11.56 12.75 14.60 14.64 6.18 8.16 6.90
Enterprise Value to NOPAT (EV/NOPAT)		 16.50 16.19 14.63 15.97 16.63 18.20 21.09 21.18 8.52 10.90 9.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.97 13.62 9.94 13.18 13.13 16.96 13.29 16.36 10.66 8.11 7.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 21.54 15.28 12.80 16.40 22.08 36.29 0.00 20.44 19.06
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.40 0.38 0.35 0.34 0.32 0.29 0.28 0.27 0.27 0.25 0.26
Long-Term Debt to Equity		 0.40 0.38 0.35 0.34 0.32 0.29 0.28 0.27 0.27 0.25 0.26
Financial Leverage		 0.06 0.04 -0.18 0.02 -0.10 -0.11 -0.32 -0.15 -0.18 -0.23 -0.36
Leverage Ratio		 1.73 1.79 1.73 1.72 1.64 1.63 1.59 1.57 1.53 1.52 1.52
Compound Leverage Factor		 1.69 1.75 1.68 1.65 1.61 1.59 1.52 1.51 1.50 1.48 1.48
Debt to Total Capital		 28.61% 27.30% 26.07% 25.47% 23.97% 22.69% 21.96% 21.44% 21.23% 20.28% 20.39%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 28.61% 27.30% 26.07% 25.47% 23.97% 22.69% 21.96% 21.44% 21.23% 20.28% 20.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 71.39% 72.70% 73.93% 74.53% 76.03% 77.31% 78.04% 78.56% 78.77% 79.72% 79.61%
Debt to EBITDA		 1.19 1.13 1.07 0.95 0.87 0.80 0.82 0.77 0.76 0.78 0.72
Net Debt to EBITDA		 0.17 0.10 -0.72 -0.25 -0.63 -0.59 -1.12 -0.55 -0.38 -0.72 -0.93
Long-Term Debt to EBITDA		 1.19 1.13 1.07 0.95 0.87 0.80 0.82 0.77 0.76 0.78 0.72
Debt to NOPAT		 2.59 2.42 2.19 1.85 1.63 1.46 1.53 1.42 1.35 1.35 1.21
Net Debt to NOPAT		 0.37 0.22 -1.47 -0.48 -1.19 -1.08 -2.09 -1.02 -0.67 -1.26 -1.56
Long-Term Debt to NOPAT		 2.59 2.42 2.19 1.85 1.63 1.46 1.53 1.42 1.35 1.35 1.21
Altman Z-Score		 4.22 4.25 4.69 5.16 6.02 6.60 7.01 7.29 4.87 5.36 5.30
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.52 4.29 5.10 5.60 6.02 5.61 5.39 6.78 7.27 6.21 5.94
Quick Ratio		 3.59 3.38 4.77 5.19 5.64 5.28 5.10 6.26 6.79 5.86 5.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,029 -138 -2.17 48 169 128 33 -65 -214 -49 -99
Operating Cash Flow to CapEx		 2,070.90% 594.93% 1,524.86% -1,500.78% 2,170.27% 520.85% 3,614.30% -1,396.53% 856.36% 1,659.08% 1,313.64%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.09 1.11 1.11 1.13 1.14 1.12 1.14 1.15 1.15 1.09 1.06
Accounts Receivable Turnover		 3.80 3.78 4.36 3.23 4.02 3.58 4.66 3.33 3.47 3.26 4.11
Inventory Turnover		 62.41 56.55 34.75 59.20 67.05 64.16 39.33 71.44 79.13 71.27 41.35
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 38.87 34.30 28.42 20.93 43.34 36.00 34.41 28.49 39.91 36.66 34.56
Days Sales Outstanding (DSO)		 95.94 96.55 83.78 112.85 90.88 102.00 78.33 109.50 105.15 111.90 88.74
Days Inventory Outstanding (DIO)		 5.85 6.45 10.50 6.17 5.44 5.69 9.28 5.11 4.61 5.12 8.83
Days Payable Outstanding (DPO)		 9.39 10.64 12.84 17.44 8.42 10.14 10.61 12.81 9.15 9.96 10.56
Cash Conversion Cycle (CCC)		 92.40 92.36 81.44 101.58 87.90 97.55 77.01 101.79 100.62 107.06 87.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,092 1,141 898 1,107 1,016 1,110 911 1,229 1,339 1,254 1,092
Invested Capital Turnover		 3.55 1.91 2.35 1.90 2.08 2.03 2.66 2.12 2.14 2.15 2.51
Increase / (Decrease) in Invested Capital		 1,092 203 61 -10 -76 -31 12 122 323 144 182
Enterprise Value (EV)		 2,633 2,772 2,772 3,585 4,229 5,201 5,750 6,199 2,639 3,366 3,127
Market Capitalization		 2,573 2,735 3,049 3,692 4,531 5,509 6,319 6,498 2,848 3,754 3,667
Book Value per Share		 $23.83 $25.44 $27.19 $28.06 $30.24 $32.55 $34.00 $35.01 $35.29 $38.56 $38.39
Tangible Book Value per Share		 $16.55 $18.26 $20.09 $21.03 $23.31 $25.67 $27.91 $28.98 $27.54 $32.47 $32.33
Total Capital		 1,447 1,517 1,591 1,629 1,734 1,833 1,896 1,944 1,965 2,060 2,050
Total Debt		 414 414 415 415 416 416 416 417 417 418 418
Total Long-Term Debt		 414 414 415 415 416 416 416 417 417 418 418
Net Debt		 59 38 -278 -107 -302 -308 -569 -298 -209 -388 -540
Capital Expenditures (CapEx)		 8.37 12 11 9.46 10 10 8.25 14 11 13 24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 494 551 309 538 440 520 345 691 754 670 469
Debt-free Net Working Capital (DFNWC)		 848 927 1,001 1,061 1,158 1,243 1,330 1,407 1,380 1,476 1,427
Net Working Capital (NWC)		 848 927 1,001 1,061 1,158 1,243 1,330 1,407 1,380 1,476 1,427
Net Nonoperating Expense (NNE)		 -3.61 -4.64 -4.14 -3.47 -3.46 -2.81 -5.88 -12 9.95 6.83 1.30
Net Nonoperating Obligations (NNO)		 59 38 -278 -107 -302 -308 -569 -298 -209 -388 -540
Total Depreciation and Amortization (D&A)		 27 27 29 29 28 29 31 30 31 33 34
Debt-free, Cash-free Net Working Capital to Revenue		 25.46% 27.67% 15.14% 25.51% 20.08% 22.74% 14.33% 27.94% 29.95% 26.41% 18.64%
Debt-free Net Working Capital to Revenue		 43.74% 46.60% 49.08% 50.25% 52.79% 54.40% 55.29% 56.83% 54.79% 58.19% 56.68%
Net Working Capital to Revenue		 43.74% 46.60% 49.08% 50.25% 52.79% 54.40% 55.29% 56.83% 54.79% 58.19% 56.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.57 $1.63 $1.48 $0.95 $2.24 $2.31 $1.19 $1.59 $2.31 $2.09 $1.93
Adjusted Weighted Average Basic Shares Outstanding		 42.56M 42.68M 42.63M 42.87M 43.02M 43.09M 43.04M 43.37M 43.07M 42.33M 42.72M
Adjusted Diluted Earnings per Share		 $1.54 $1.60 $1.44 $0.94 $2.03 $2.02 $0.96 $1.40 $2.12 $1.93 $1.69
Adjusted Weighted Average Diluted Shares Outstanding		 43.46M 43.66M 43.54M 43.71M 47.46M 49.18M 48.41M 49.22M 46.86M 45.84M 47.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 43.37M 43.25M 43.28M 43.59M 43.55M 43.52M 43.63M 43.86M 42.58M 42.52M 41.56M
Normalized Net Operating Profit after Tax (NOPAT)		 63 65 59 37 93 97 45 57 109 95 83
Normalized NOPAT Margin		 12.52% 12.49% 10.98% 6.79% 15.83% 15.74% 6.95% 9.18% 17.33% 15.14% 13.00%
Pre Tax Income Margin		 17.59% 17.97% 14.77% 9.76% 22.10% 22.07% 9.84% 13.34% 21.11% 19.17% 16.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 55.78%

Financials Breakdown Chart

Key Financial Trends

Stride’s financial performance improved meaningfully over the supplied period, although the latest quarter showed some moderation in revenue and margins. Revenue increased from $421.7 million in Q3 2022 to $636.1 million in Q4 2026. Over fiscal 2026, revenue totaled approximately $2.52 billion, up about 4.7% from the comparable four-quarter period, while net income rose approximately 17.6% to $338.7 million.

Profitability has also strengthened over the longer term. Stride moved from a $22.7 million net loss in Q1 2023 to quarterly profits in every reported period since Q2 2023. Q4 2026 net income was $81.4 million, up from $51.3 million in Q4 2025, despite revenue declining 2.7% year over year. Diluted EPS increased to $1.69 from $0.96, helped by higher earnings and share repurchases.

Cash generation remains strong but has been uneven from quarter to quarter. Fiscal 2026 operating cash flow totaled approximately $433.8 million, broadly consistent with the prior four-quarter period. The company generated $316.9 million of operating cash flow in Q4 2026, but much of the annual cash generation came from changes in operating assets and liabilities, including a $196.4 million working-capital benefit in the latest quarter.

Stride’s balance sheet, based on the latest available Q3 2026 data, remains liquid. Cash and short-term investments totaled $805.8 million, compared with $417.6 million of long-term debt. Total equity reached $1.64 billion, while total liabilities were $805.0 million. However, accounts receivable of $854.9 million represented nearly half of current assets, making collections and working-capital management important areas for investors to monitor.

  • Revenue has expanded substantially over the long term: quarterly revenue rose from $421.7 million in Q3 2022 to $636.1 million in Q4 2026.
  • Profitability has improved: Stride progressed from a $22.7 million quarterly loss in Q1 2023 to $81.4 million of net income in Q4 2026.
  • Fiscal 2026 earnings growth was solid: annualized quarterly net income increased approximately 17.6% from the comparable prior-year period.
  • Operating cash flow remains robust: Stride generated $316.9 million from operations in Q4 2026 and approximately $433.8 million during fiscal 2026.
  • Liquidity is strong: Q3 2026 cash and short-term investments exceeded long-term debt by approximately $388 million.
  • Share repurchases are supporting per-share results: Stride repurchased $100.0 million of common stock in Q4 2026, while basic shares declined from 43.4 million in Q1 to 42.7 million in Q4.
  • Cash flow is seasonal and working-capital driven: operating cash flow was negative $195.8 million in Q1 2026 before recovering strongly in subsequent quarters.
  • Investment activity is significant: the company frequently purchases and sells investments, creating sizable quarter-to-quarter swings in investing cash flow without necessarily reflecting changes in core operations.
  • Latest-quarter revenue declined year over year: Q4 2026 revenue fell to $636.1 million from $653.6 million in Q4 2025.
  • Gross margin compressed: Q4 2026 gross margin was approximately 34.2%, down from about 36.6% in Q4 2025 as operating costs grew faster than revenue.

Overall, the statements point to a company with strong long-term growth, improving earnings and substantial liquidity. The main risks are the recent revenue slowdown, lower gross margin, large accounts-receivable balance and reliance on working-capital movements to support quarterly cash flow. Investors should also distinguish recurring operating performance from investment portfolio activity and the effects of share repurchases.

08/06/26 05:02 PM ETAI Generated. May Contain Errors.

Stride Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Stride's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

Stride's net income appears to be on an upward trend, with a most recent value of $338.19 million in 2026, rising from $8.55 million in 2016. The previous period was $287.94 million in 2025. View Stride's forecast to see where analysts expect Stride to go next.

Stride's total operating income in 2026 was $450.77 million, based on the following breakdown:
  • Total Gross Profit: $950.60 million
  • Total Operating Expenses: $499.83 million

Over the last 10 years, Stride's total revenue changed from $872.70 million in 2016 to $2.52 billion in 2026, a change of 188.5%.

Stride's total liabilities were at $803.22 million at the end of 2026, a 1.4% decrease from 2025, and a 378.6% increase since 2016.

In the past 10 years, Stride's cash and equivalents has ranged from $212.30 million in 2020 to $782.50 million in 2025, and is currently $754.50 million as of their latest financial filing in 2026.

Over the last 10 years, Stride's book value per share changed from 14.30 in 2016 to 38.39 in 2026, a change of 168.5%.


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Financial statements for NYSE:LRN last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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