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Stride, Inc.

LRN Consumer Defensive Education & Training Services

Stride, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $2.5 billion, up 4.69% from fiscal 2025.

Revenue
+2.98%
EPS
−1.26%
Free cash flow
+31.4%
Total debt
+7.52%

Quarter to September 2026, against a year earlier

75.09 4.15 −5.24%
Market cap
$3.2B
P/E
9.5×
Fwd P/E
9.7×
Dividend yield
—
F-score
7/9
Altman Z
5.78
Beneish M
−2.44
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 31.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — 3 1
Sell — — — — — — — — — — — —
Insider Ownership 2.12%

Capital & Financial Ratios $m

Size
Market Cap 3,150.00
Revenue ttm 2,536.58
Net income ttm 334.31
Free cash flow ttm 423.18
Net debt Q (266.08)
Valuation
P/E 9.51
Forward P/E 9.72
Price / sales 1.23
Forward P/S Powerpack
Price / FCF 7.36
Price / book 1.86
Financial health
Current ratio Q 2.56 (at or above 1.5: strong)
Debt / equity Q 0.31 (at or below 0.5: strong)
Interest coverage Q 29.00
Growth
Revenue growth Q +2.98% (above 0%: growing)
Operating income growth Q +22.16% (above 0%: growing)
EPS, this year +12.93%
EPS, next year A +2.19%
Revenue, next year A +2.10%
EPS, past 5 yrs +33.09% (at or above 15%: strong)
EPS, next 5 yrs A +10.78%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.0×; over the ten years it ranged from 0.2× in 2016 to 2.8× in 2025.
P/E against its own 10 years 1.92%
10-year low 10-year high
P/S against its own 10 years 69.97%
10-year low 10-year high
P/B against its own 10 years 54.35%
10-year low 10-year high
EV/Sales against its own 10 years 66.15%
10-year low 10-year high
EV/FCF against its own 10 years 8.36%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 692 985 958 789
Receivables 473 560 665 855
Inventory 37 38 38 23
Other 14 15 12 12
1,245 1,633 1,716 1,754
2024 2025 2026 Q'26
Payables 41 44 47 76
ST’ Debt — — — 418
Other — — — —
244 303 289 686

Compound Annual Growth %

10y 5y 3y
Sales 11.18% 10.38% 11.08%
Cash Flow 13.55% 26.46% 28.77%
Earnings 43.66% 36.47% 38.66%
Book Value 11.32% 15.20% 19.89%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 1.30 Actual 1.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 2.33 2.50 Beat by 0.17
Q3 FY26 2.21 2.30 Beat by 0.09
Q4 FY26 1.89 2.12 Beat by 0.23
Q1 FY27 1.30 1.37 Beat by 0.07
Q2 FY27 2.46 — Reports 26 January 2027

EPS $

Sep Dec Mar Jun Year
’26 1.45 — — — —
’26 1.40 2.12 1.93 1.75 7.14
’25 0.94 2.03 2.02 1.03 5.95
’24 0.11 1.54 1.60 1.42 4.69
’23 (0.54) 1.19 1.30 1.01 2.97
’22 (0.15) 1.00 1.02 0.66 2.52
’21 0.30 0.60 0.57 0.25 1.71
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 639 — — — —
’26 621 631 630 636 2,518
’25 551 587 613 654 2,405
’24 480 505 521 534 2,040
’23 425 458 470 483 1,837
’22 400 410 422 455 1,687
’21 371 376 392 398 1,537
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 (125) — — — —
’26 (196) 92 221 317 434
’25 (142) 223 53 298 433
’24 (135) 173 69 172 279
’23 (143) 164 85 97 203
’22 (132) 120 93 125 207
’21 (115) 35 91 123 134
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 (149) — — — —
’26 (217) 76 202 294 355
’25 (157) 209 37 284 373
’24 (151) 161 52 156 217
’23 (161) 147 70 79 135
’22 (147) 106 75 106 139
’21 (127) 24 80 106 82
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 889 918 1,016 1,041 1,537 1,687 1,837 2,040 2,405 2,518 2,537 +12.3% 2,571 2,690 — +3.4%
Gross margin, % 37.28 35.44 34.69 33.39 34.81 35.36 35.22 37.43 39.24 37.75 37.44 +0.5 pt
EBT 5 27 48 33 95 147 173 268 383 441 441 +64.7%
EBT margin, % 0.56 2.89 4.76 3.21 6.20 8.72 9.39 13.12 15.93 17.52 17.39 +17.0 pt
Net income 0 27 37 25 71 107 127 204 288 338 334 n/m
Per share, $
Per share, $ Revenue 23.20 23.36 26.15 26.36 38.22 40.69 43.45 47.86 55.88 58.95 61.15 +10.9%
Earnings 0.01 0.70 0.96 0.62 1.78 2.58 3.00 4.79 6.69 7.92 7.90 +109.9%
Cash flow 2.32 2.68 3.65 2.04 3.34 4.99 4.80 6.54 10.06 10.16 12.17 +17.8%
Capex (1.26) (1.10) (1.24) (1.14) (1.29) (1.63) (1.61) (1.44) (1.39) (1.85) (1.97) +4.4%
Free cash flow 1.06 1.58 2.41 0.90 2.04 3.36 3.20 5.10 8.66 8.31 10.20 +25.7%
Book value 15.00 14.95 16.30 17.11 20.01 19.60 22.40 27.59 34.38 38.21 40.30 +11.0%
Shares, m 38 39 39 39 40 41 42 43 43 43 42 +1.2%
Valuation, ×
Valuation, × P/E 896.00 23.89 31.89 44.66 18.05 15.93 12.45 14.43 21.70 10.89 9.51 109.0
P/S 0.77 0.72 1.15 1.03 0.84 1.00 0.86 1.44 2.60 1.46 1.23 1.2
P/B 1.20 1.12 1.84 1.59 1.61 2.08 1.66 2.50 4.22 2.26 1.86 2.0
EV/Sales 0.52 0.48 0.87 0.93 0.88 1.09 0.86 1.37 2.42 1.31 1.12 1.1
EV/FCF 11.47 7.04 9.47 27.32 16.40 13.23 11.73 12.84 15.62 9.30 6.73 13.4
Cash, $m
Cash, $m Operating cash flow 89 105 142 80 134 207 203 279 433 434 505 +19.3%
Capex (48) (43) (48) (45) (52) (68) (68) (62) (60) (79) (82) +5.6%
Free cash flow 41 62 94 35 82 139 135 217 373 355 423 +27.2%
Balance, $m
Balance, $m Working capital 356 338 374 228 551 648 756 1,001 1,330 1,427 1,069 +16.7%
Net debt (209) (205) (258) (108) (45) 51 (88) (251) (524) (484) (266) +9.8%
Shareholders’ equity 574 587 633 675 805 813 947 1,176 1,480 1,632 1,672 +12.3%
Returns, %
Returns, % ROA 0.06 3.74 4.77 2.59 5.39 6.65 7.45 11.09 13.66 14.30 13.75 +14.2 pt
ROIC 2.24 4.18 7.57 3.57 9.09 11.34 12.04 16.87 23.56 24.52 20.72 +22.3 pt
ROE 0.08 4.76 6.10 3.75 9.66 13.25 14.42 19.23 21.69 21.74 20.90 +21.7 pt
People
People Employees 4,750 4,700 4,550 4,950 7,100 7,500 7,800 7,800 8,600 9,200 — +7.6%
Revenue/emp, $m 0.19 0.20 0.22 0.21 0.22 0.22 0.24 0.26 0.28 0.27 — +4.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Stride, Inc. vs peers in Education & Training Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LAUR Laureate Education $4.5B 12.1× 15.8× +21.20% (above 0%: growing) +220.83% (above 0%: growing) +2.65% (above 0%: growing) 27.15% 24.56% Compare
CVSA Covista Inc. $3.8B 15.2× 14.6× +10.65% (above 0%: growing) +16.14% (above 0%: growing) −33.25% (below 0%: shrinking) 56.84% 19.16% Compare
XXI Twenty One Capital, Inc. $3.5B — (loss-making) — — n/m −7,925,300.00% (below 0%: shrinking) — 0.00% Compare
TAL TAL Education Group $3.4B 7.6× 9.5× +15.48% (above 0%: growing) n/m −208.23% (below 0%: shrinking) 59.78% 23.71% Compare
LOPE Grand Canyon Education, Inc. $3.2B 13.0× 16.3× +2.38% (above 0%: growing) +183.05% (above 0%: growing) +38.23% (above 0%: growing) 0.00% 19.25% Compare
LRN Stride, Inc. $3.2B 9.5× 9.7× +2.98% (above 0%: growing) −1.26% (below 0%: shrinking) +31.36% (above 0%: growing) 37.71% 13.18%
MH McGraw Hill, Inc. $2.2B 29.6× 13.6× −5.53% (below 0%: shrinking) −21.05% (below 0%: shrinking) −56.14% (below 0%: shrinking) 79.16% 22.31% Compare
PRDO Perdoceo Education Corporation $1.7B 9.2× 10.1× +1.88% (above 0%: growing) +14.52% (above 0%: growing) +97.05% (above 0%: growing) 0.00% 25.52% Compare
STRA Strategic Education Inc. $1.3B 200× 8.8× +1.60% (above 0%: growing) n/m +15.56% (above 0%: growing) 49.66% (26.94%) Compare
Median of peers $3.3B 13.0× 13.6× +2.38% +16.14% −15.30% 49.66% 20.78%

All 44 Education & Training Services stocks →

Pay and ownership Proxy statement filed 24 October 2025

Ownership

Directors and executive officers, together 3.00%
BlackRock, Inc. 14.40%
The Vanguard Group 11.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Stride, Inc. (LRN) Latest News

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LRN metrics, ten years each

stockrow.com/LRN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com