AI-extracted from the 10-K filed 2026-08-05 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Stride's revenue grew 4.7% to $2,518.1M as Career Learning surged 15.0% and offset a 2.1% decline in General Education, driving operating income up 25.2% to $450.8M.
Biggest Revenue Drivers
General Education$1,417.8M-2.1% YoY
Decrease driven by changes in school mix and a 2.5% decrease in enrollments
Career Learning$1,100.3M+15.0% YoY
Increase primarily due to a 13.9% increase in enrollments and school mix
Biggest Revenue Drivers
Total revenue: $2,518.1M+4.7% YoY
General Education$1,417.8M-2.1% YoY
Decrease driven by changes in school mix and a 2.5% decrease in enrollments
Career Learning$1,100.3M+15.0% YoY
Increase primarily due to a 13.9% increase in enrollments and school mix
Within Career Learning
Middle - High School$1,043.7M+19.1% YoY
Adult$56.6M-29.6% YoY
Largest Expense Items
Instructional costs and services$1,567.5M+7.3% YoY
Hiring of personnel and salary increases, student computer costs, and amortization of technology investments, partially offset by a lease termination gain
Selling, general, and administrative expenses$499.8M-4.7% YoY
Decrease primarily due to a $21.8 million decrease in personnel and related benefit costs
Margins: Gross margin fell to 37.8% from 39.2% as instructional costs grew faster than revenue, but operating margin rose to 17.9% from 15.0% on revenue growth, lower SG&A, and the absence of the prior year's $59.5M impairment charge.
Watch Items from the Filing
Company has agreements with 13 schools in California; while no single school exceeds 10% of revenue, regulatory actions affecting all similarly situated schools in that state could adversely affect financial condition.
Adult Learning revenue (Galvanize, Tech Elevator, MedCerts) fell 29.6% YoY to $56.6M, following a $59.5M FY2025 impairment tied to Galvanize.
General Education enrollments declined 2.5% and revenue fell 2.1%, even as total enrollments grew 4.2% on Career Learning strength.
Board authorized a $500 million stock repurchase program (through October 31, 2026); $311.3 million remained available as of June 30, 2026 after $188.7M repurchased in FY2026.
Aggregate school funding estimates differed from actual reimbursements by approximately 0.8% of revenue in FY2025, illustrating ongoing estimation risk in funding-based revenue recognition.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Stride, Inc. (LRN): stock profile, AI score and financials
Stride, Inc. (LRN) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores LRN at 64.4/100 on a composite quality score built from its SEC filings, placing it at rank #544 of 2,925 stocks — the top 25% of the AI-ranked universe. LRN scores in the top quartile across balance sheet strength (91.6). Areas of concern include institutional flow (25.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 43.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), Stride, Inc. reports quarterly revenue of $639.4M, net income of $64.9M, an operating margin of 13.2%. LRN trades on the NYSE exchange and files with the SEC under CIK 1157408. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LRN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Stride, Inc. directly from SEC EDGAR.