What is the 13F Pro Quality Score for LRN?

13F Pro ranks Stride, Inc. (LRN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LRN's current score at https://13fpro.ai/research/LRN (free sign-up required for the full ranking).

Where does 13F Pro source LRN data?

All Stride, Inc. fundamentals and ownership data come directly from SEC EDGAR. Stride, Inc. files with the SEC under CIK 1157408. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LRN in?

Stride, Inc. (LRN) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives LRN's revenue?

Per Stride, Inc.'s latest 10-Q filed with the SEC on 2026-04-29, the biggest revenue drivers are: General Education ($1,062.0M, +0.7% YoY); Career Learning ($820.0M, +17.6% YoY); Career Learning – Middle-High School ($776.6M, +22.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/LRN.

What are LRN's largest expenses?

Stride, Inc.'s latest 10-Q reports these as the largest expense items: Instructional costs and services ($1,148.7M, +9.7% YoY); Selling, general, and administrative expenses ($388.4M, -3.3% YoY). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (nine months ended March 31, 2026).

How often is LRN research updated on 13F Pro?

LRN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Stride, Inc.(LRN)Stock Analysis

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13F Pro Quality Score

71.1/100

Rank #277 of 2,879 stocksTOP 10%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

70.1/100

Profitability

78.3/100

Balance Sheet

93.6/100

Earnings Quality

84.4/100

Free Cash Flow

55.6/100

Institutional Flow

51.5/100

Revenue Scale

66.2/100

Dilution Risk

46.7/100

LRN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Stride, Inc. (LRN), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores LRN at 71.1/100 on a 32-signal composite quality model, placing it at rank #277 of 2,879 stocks — the top 10% of the AI-ranked universe. LRN scores in the top quartile across balance sheet strength (93.6), earnings quality (84.4), profitability (78.3). Shareholder dilution risk is elevated at 46.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Stride, Inc. reports quarterly revenue of $629.9M, net income of $88.5M, an operating margin of 20.5%. Top institutional holders of LRN by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. 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. Stride, Inc.'s 13F Pro composite quality score has ranged between 8 and 83 since 2021, currently 71.1 — an improving long-term trajectory across 54 quarterly and live scoring snapshots.

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Fun facts about Stride, Inc.

Quirks, history, and lore behind LRN — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. Consumer Discretionary company · listed on the NYSE · headquartered in Virginia · operates entirely online.
2
The Numbers
Annual revenue in the range of $1–2 billion, serving roughly 170,000+ students at any given time — a mid-cap built on subscriptions, not storefronts.
3
The History
Founded around 2000, it was early to bet that the internet could replace the traditional classroom — and spent years proving skeptics wrong one school district at a time.
4
The Secret
Its customers are mostly K-12 students, and its biggest clients are public school systems — meaning taxpayers are quietly funding a for-profit education giant.
5
The Lore
The company rebranded in 2021, dropping a name tied to its original curriculum roots to signal it was now a broader career and workforce training platform too.
6
The Giveaway
It's the largest online K-12 education provider in the U.S., and its ticker — LRN — is possibly the most on-the-nose symbol on Wall Street.

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What's Driving LRN's Business? Latest 10-Q Breakdown

✓ 29/29 datapoints verified

AI-extracted from Stride, Inc.'s 10-Q filed 2026-04-29 — Q3 FY2026 (nine months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Stride revenues grew 7.4% YoY to $1.88B driven by Career Learning strength (+17.6%), while operating income surged 13.8% to $345M on margin expansion.

Biggest Revenue Drivers

Total revenue: $1,882.0M+7.4% YoY

General Education$1,062.0M+0.7% YoY

Changes in client mix partially offset by 1.1% enrollment decline

Career Learning$820.0M+17.6% YoY

15.3% enrollment growth and favorable client mix

Within Career Learning

Career Learning – Middle-High School$776.6M+22.1% YoY

Career Learning – Adult$43.4M-29.1% YoY

Largest Expense Items

Instructional costs and services$1,148.7M+9.7% YoY

Personnel hiring in growth states and salary increases, partially offset by $14.3M lease termination gain

Selling, general, and administrative expenses$388.4M-3.3% YoY

Decrease of $11.3M in personnel costs and $2.7M in bad debt expense

Margins: Gross margin improved to 39.0% from 40.2% YoY on higher instructional costs relative to revenue growth; operating margin expanded to 18.3% from 17.3% driven by SG&A leverage and strong revenue growth outpacing cost increases.

Watch Items from the Filing

General Education enrollments declined 1.1% YoY to 136.0K; revenue flat despite decline, signaling potential per-enrollment pressure or margin mix risk.
Adult Career Learning revenue fell 29.1% YoY to $43.4M; Galvanize, Tech Elevator, and MedCerts excluded from enrollment metrics but materially impacting revenue.
Convertible Senior Notes ($420M principal) due September 1, 2027; conversion price ~$52.88/share, capped call strike $86.17, creating refinancing obligation within 18 months.
Securities class action filed November 2025 alleging false statements on legacy platform and FY2026 rollout; amended complaint filed March 2026, company moved to dismiss April 2026.
Total enrollments grew 5.7% YoY to 246.7K, driven entirely by Career Learning (+15.3%); General Education enrolled 136.0K (-1.1%), indicating potential market saturation.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q3 2026

$629.9M

Net Income

Q3 2026

$88.5M

Free Cash Flow

Q3 2026

$220.4M

Operating Margin

Q3 2026

20.5%

D/E Ratio

Q3 2026

0.25

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+17.9% YoY

$2.41BFY 2025

FY22 $1.69BFY23 $1.84BFY24 $2.04BFY25 $2.41B

Net Income

+41.0% YoY

$287.9MFY 2025

FY22 $107.1MFY23 $126.9MFY24 $204.2MFY25 $287.9M

Operating Income

+44.3% YoY

$360.1MFY 2025

FY22 $156.6MFY23 $165.5MFY24 $249.6MFY25 $360.1M

EPS (Diluted)

+26.9% YoY

$5.95FY 2025

FY22 $2.52FY23 $2.97FY24 $4.69FY25 $5.95

Total Assets

+19.4% YoY

$2.29BFY 2025

FY22 $1.64BFY23 $1.76BFY24 $1.92BFY25 $2.29B

Total Debt

+0.4% YoY

$416.3MFY 2025

FY22 $411.4MFY23 $413.0MFY24 $414.7MFY25 $416.3M

Op. Cash Flow

+55.2% YoY

$432.8MFY 2025

FY22 $206.9MFY23 $203.2MFY24 $278.8MFY25 $432.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019	FY 2018
Revenue	$2.41B +17.9%	$2.04B +11.0%	$1.84B +8.9%	$1.69B +66.1%	$1.02B +10.7%	$917.7M
Net Income	$287.9M +41.0%	$204.2M +60.9%	$126.9M +18.4%	$107.1M +187.9%	$37.2M +34.7%	$27.6M
Operating Income	$360.1M +44.3%	$249.6M +50.8%	$165.5M +5.7%	$156.6M +244.3%	$45.5M +78.1%	$25.5M
EPS (Diluted)	$5.95 +26.9%	$4.69 +57.9%	$2.97 +17.9%	$2.52 +176.9%	$0.91 +33.8%	$0.68
Total Assets	$2.29B +19.4%	$1.92B +9.1%	$1.76B +7.1%	$1.64B +100.5%	$819.6M +10.5%	$742.0M
Total Debt	$416.3M +0.4%	$414.7M +0.4%	$413.0M +0.4%	$411.4M	—	—
Operating Cash Flow	$432.8M +55.2%	$278.8M +37.2%	$203.2M -1.8%	$206.9M +46.1%	$141.6M +34.3%	$105.4M

AI Insight: LRN Financial Trends

Revenue growth stalled while operating margins expanded sharply—but operating cash flow remains volatile.

• Operating margin improved from 12.6% in Q2 2024 to 20.5% in Q1 2026, driven by operating income reaching $147M in Q4 2025.

• Revenue grew 18% from $534M (Q2 2024) to $630M (Q1 2026), but decelerated sharply—flat sequentially Q3–Q4 2025 and Q4 2025–Q1 2026.

• Operating cash flow swung from $298M (Q2 2025) to -$196M (Q3 2025), then rebounded to $221M (Q1 2026)—high cyclicality.

⚠ Revenue growth stalled at $630M in Q1 2026 vs. $631M in Q4 2025—first flat quarter after sustained expansion.

⚠ Total debt stable ~$415–418M; equity rose 40% to $1,642M since Q2 2024—leverage declining but capital structure shifting.

AI Insight: LRN Ratio Trends

Strong Q4 2025 performance masks persistent seasonality; TTM metrics show durability but Q1 2026 profitability declined.

• Operating margin recovered to 20.5% in Q1 2026 from 11.1% in Q3 2025, though below Q4 2025's 23.3% peak.

• ROIC expanded to 25.1% in Q1 2026 from 14.2% in Q3 2025, maintaining solid mid-20s range post-Q3 trough.

• Leverage improved: D/E fell to 0.25 in Q1 2026 from 0.35 in Q2 2024, indicating balance sheet strengthening.

⚠ Consistent Q2/Q3 margin collapses (8.6%–8.7% OpMargin) suggest structural seasonality; Q1 2026 decline warrants monitoring.

⚠ NPM fell to 14.1% in Q1 2026 from 15.8% in TTM; narrowing trend into softer quarter raises execution concerns.

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Available Research

13F Pro tracks comprehensive data for Stride, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LRN

BlackRock, Inc.
$564.1M6,398,002 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$203.3M2,306,152 sh
VANGUARD CAPITAL MANAGEMENT LLC
$161.3M1,829,897 sh
DIMENSIONAL FUND ADVISORS LP
$154.3M1,750,646 sh
LINDEN ADVISORS LP
$144.9M83,952,000 sh
STATE STREET CORP
$142.0M1,610,166 sh
JANE STREET GROUP, LLC
$136.7M1,550,700 sh
FRONTIER CAPITAL MANAGEMENT CO LLC
$136.6M1,549,291 sh
Impactive Capital LP
$98.2M1,113,367 sh
MORGAN STANLEY
$98.1M1,113,120 sh

Fund	Value	Shares
BlackRock, Inc.	$564.1M	6,398,002
VANGUARD PORTFOLIO MANAGEMENT LLC	$203.3M	2,306,152
VANGUARD CAPITAL MANAGEMENT LLC	$161.3M	1,829,897
DIMENSIONAL FUND ADVISORS LP	$154.3M	1,750,646
LINDEN ADVISORS LP	$144.9M	83,952,000
STATE STREET CORP	$142.0M	1,610,166
JANE STREET GROUP, LLC	$136.7M	1,550,700
FRONTIER CAPITAL MANAGEMENT CO LLC	$136.6M	1,549,291
Impactive Capital LP	$98.2M	1,113,367
MORGAN STANLEY	$98.1M	1,113,120

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Is LRN a good stock to buy?

13F Pro's AI-powered analysis of Stride, Inc. (LRN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LRN are available on the LRN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LRN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LRN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Stride, Inc.'s investment landscape.