Stride Inc LRN

Consumer DiscretionaryMiscellaneous Educational Service ProvidersUnited States of America

Last close 75.71 USD on Nov 2, 2026, +16.6% year to date

Quant rating

Quant rating A Rank 46 of 344 in Consumer Discretionary

Growth B 76 of 344
Valuation A 10 of 344
Quality B 103 of 344
Revisions B 61 of 344
Momentum C 199 of 344

Wall Street consensus Buy (2.00)Average target 116.45 USD +53.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.2B
Enterprise value: 3.0B
52-week range: 60.73 – 103.61
3-year range: 55.04 – 169.81
Dividend yield: –
Beta (5 years): 0.15
Shares outstanding: 42.0M
Next earnings: Jan 25, 2027

About the company

Stride, Inc. is a technology company providing an educational platform to deliver online learning to students throughout the U.S. It provides a range of services including K-12 education, career learning, professional skills training, and talent development. Its platform hosts products and services to attract, enroll, educate, track progress, and support students. These products and services, spanning curriculum, systems, instruction, and support services, are designed to help learners of all ages reach their full potential through inspired teaching and personalized learning. Its platform addresses two markets in the K-12 space: General Education and Career Learning. Products and services for the General Education market are focused on core subjects for kindergarten through twelfth grade students to help build a common foundation of knowledge. Career Learning products and services are focused on developing skills to enter and succeed in careers in high-growth and in-demand industries.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	2,518	2,405	2,040	1,837	1,687	–
Revenue growth	4.7%	17.9%	11.0%	8.9%	9.8%	10.4%
EPS (basic, normalized)	7.14	5.95	4.69	2.97	2.52	–
EPS growth	20.0%	26.9%	57.9%	17.9%	–	–
Gross margin	37.8%	39.2%	37.4%	35.2%	35.4%	37.0%
Net margin	13.4%	12.0%	10.0%	6.9%	6.4%	9.7%
ROE	21.7%	21.7%	19.2%	14.4%	13.2%	18.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	789
Current ratio	2.56x
Long-term debt (mil)	105
Net debt (mil)	−181
Total equity (mil)	1,672
Net debt / equity	−0.11x
Net debt / EBITDA	−0.29x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	2,518	+4.7%	1.2x	618	+9.6%	4.9x	7.14	+20.0%	10.6x
2027	2,541	+0.9%	1.2x	650	+5.2%	4.6x	8.49	+19.0%	8.9x
2028	2,648	+4.2%	1.1x	687	+5.7%	4.4x	9.19	+8.2%	8.2x
2029	2,997	+13.1%	1.0x	766	+11.5%	3.9x	9.04	−1.6%	8.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	2,541	0.0%	−3.8%	−3.1%	8.49	+14.4%	+0.1%	+7.8%
2028	2,648	+0.2%	−3.7%	−3.7%	9.19	+15.8%	−2.5%	+13.6%
2029	2,997	0.0%	–	–	9.04	0.0%	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	521	534	551	587	613	654	621	631	630	636
Sales mean (mil)	507	526	504	569	590	626	614	628	630	627
Surprise	+2.7%	+1.6%	+9.3%	+3.2%	+4.0%	+4.4%	+1.2%	+0.5%	+0.1%	+1.5%
EPS reported	1.60	1.42	0.94	2.03	2.02	1.03	1.40	2.50	2.12	1.75
EPS mean	1.43	1.27	0.22	1.95	2.01	1.74	1.10	2.08	2.04	1.83
Surprise	+12.1%	+11.7%	+335.9%	+4.3%	+0.5%	−40.9%	+27.3%	+20.0%	+3.9%	−4.5%

Peer comparison Miscellaneous Educational Service Providers

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LRN Stride Inc	3.2B	−0.29x	13.4%	1.90x	8.9x	8.2x	4.6x	4.4x
TAL TAL Education Group	5.6B	−7.41x	17.6%	1.34x	6.5x	6.3x	3.8x	3.2x
CVSA Covista Inc.	4.1B	0.53x	13.7%	2.93x	13.6x	12.3x	7.8x	7.2x
LOPE Grand Canyon Education Inc	3.9B	−0.74x	19.5%	5.86x	14.7x	13.2x	9.5x	8.8x
PRDO Perdoceo Education Corporation	1.9B	−2.60x	18.9%	1.80x	9.5x	8.5x	4.6x	3.6x
STRA Strategic Education, Inc.	1.6B	−0.47x	10.0%	0.99x	10.1x	8.6x	5.1x	4.5x
Mean		−1.83x	15.5%	2.47x	10.5x	9.5x	5.9x	5.3x
Median		−0.61x	15.7%	1.85x	9.8x	8.5x	4.9x	4.5x

Technical analysis

1M−4.0%
3M−5.7%
1Y+11.3%
3Y+37.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Stride Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	2,518	2,405	2,040	1,837	1,687	1,537
Cost of revenue	1,567	1,461	1,276	1,190	1,090	1,002
Gross profit	951	944	764	647	596	535
Selling, general & administrative expenses	449	486	473	442	410	398
Research & development	22.0	16.6	16.7	15.5	7.5	3.7
Depreciation/amortization	23.4	22.2	24.6	24.4	23.5	22.4
Interest expense (income), operating	5.7	–	–	–	–	–
Unusual expense (income)	–	59.5	–	–	–	–
Other operating expenses	0	−0.1	−0.5	−0.4	−0.7	0
Operating income	451	360	250	165	157	110
Net interest income (expense)	−11.8	−10.5	−8.8	−8.4	−8.3	−18.0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	2.2	33.6	26.9	15.5	−1.3	2.8
Net income before taxes	441	383	268	173	147	95.3
Provision for taxes	103	93.0	64.5	45.3	40.1	24.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	−0.2	−2.3	1.0	−0.3	0.1	0.7
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	338	288	204	127	107	71.5
Extraordinary items	–	–	–	–	–	–
Net income	338	288	204	127	107	71.5
EBIT, normalized	456	420	254	169	160	110
EBITDA, normalized	583	534	364	279	258	201
Basic EPS, normalized	7.14	5.95	4.69	2.97	2.52	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Stride Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	958	985	692	411	389	386
Receivables	665	560	473	464	419	369
Total inventory	38.2	37.6	36.7	36.7	36.0	39.7
Prepaid expenses	43.1	35.6	29.2	24.8	26.0	19.5
Other current assets	12.0	14.7	14.5	129	80.6	43.0
Total current assets	1,716	1,633	1,245	1,065	951	858
Property, plant & equipment	109	94.5	105	122	147	167
Goodwill	247	247	247	247	241	240
Intangibles	163	152	195	209	211	207
Long-term investments	76.2	–	–	8.0	6.3	4.9
Note receivable	–	–	–	–	–	–
Other long-term assets	124	168	128	110	87.6	101
Total assets	2,436	2,294	1,920	1,761	1,644	1,577
Liabilities
Accounts payable	46.7	44.0	41.0	48.9	62.0	62.1
Payable/accrued	–	–	–	–	–	–
Accrued expenses	161	190	138	149	149	179
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	60.5	42.3	29.1	35.6	37.4	27.3
Other current liabilities	20.6	27.0	35.7	76.2	53.6	38.1
Total current liabilities	289	303	244	309	302	306
Long-term debt	474	461	441	434	440	341
Minority interest	–	–	–	–	–	–
Other liabilities	39.9	50.6	59.0	69.9	88.6	126
Total liabilities	803	814	744	813	831	773
Shareholders' equity
Preferred stock	–	–	–	0	0	0
Common stock	0	0	0	0	0	0
Additional paid-in capital	740	736	720	695	687	795
Retained earnings (accumulated deficit)	1,185	846	559	354	227	112
Treasury stock	−292	−102	−102	−102	−102	−102
Other equity	−0.1	−0.1	0	0	0.1	−0.5
Total equity	1,632	1,480	1,176	947	813	805
Total liabilities & shareholders' equity	2,436	2,294	1,920	1,761	1,644	1,577

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Stride Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	338	288	204	127	107	71.5
Depreciation, depletion & amortization	127	115	110	110	97.9	90.1
Deferred taxes	40.0	−17.8	2.9	−10.4	1.2	2.5
Non-cash items	84.0	125	71.0	43.8	65.6	87.8
Changes in working capital	−155	−76.9	−109	−67.5	−64.9	−118
Cash from operations	434	433	279	203	207	134
Investing activities
Capital expenditures	−78.8	−60.0	−61.6	−68.0	−67.6	−52.3
Other investing cash flows	−101	−28.0	−78.3	−50.3	−43.1	−113
Cash from investing	−180	−88.0	−140	−118	−111	−165
Financing activities
Financing cash flow items	−36.5	−21.5	−8.2	−20.6	−60.7	−20.1
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−246	−41.5	−40.9	−42.9	−32.6	225
Cash from financing	−282	−62.9	−49.1	−63.5	−93.3	205
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−28.0	282	89.8	21.4	2.8	173
Free cash flow	355	373	217	135	139	81.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.