Chime Financial acquires Stride Inc. for $590 million to expand its banking operations. Full acquisition ends Stride's independent operations and market trajectory.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Cash | 522.73 | 692.29 | 985.27 | 958.00 |
| Receivables | 463.72 | 472.75 | 559.65 | 664.79 |
| Inventory | 36.72 | 36.75 | 37.57 | 38.25 |
| Other | 17.22 | 14.49 | 14.67 | 12.03 |
| 1,065.20 | 1,245.45 | 1,632.73 | 1,716.12 |
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Payables | 48.85 | 40.97 | 43.96 | 46.74 |
| ST’ Debt | 50.00 | — | — | — |
| Other | 210.00 | — | — | — |
| 309.14 | 244.28 | 302.88 | 288.85 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 620.88 | 631.26 | 629.87 | 636.06 |
2,518.08
|
| ’25 | 551.08 | 587.21 | 613.38 | 653.65 |
2,405.32
|
| ’24 | 480.18 | 504.87 | 520.84 | 534.18 |
2,040.07
|
| ’23 | 425.15 | 458.44 | 470.28 | 483.49 |
1,837.36
|
| ’22 | 400.23 | 409.51 | 421.72 | 455.21 |
1,686.67
|
| ’21 | 370.96 | 376.15 | 392.15 | 397.51 |
1,536.76
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | (195.78) | 91.84 | 220.91 | 316.85 |
433.81
|
| ’25 | (142.00) | 223.36 | 53.13 | 298.32 |
432.82
|
| ’24 | (135.30) | 173.33 | 68.57 | 172.20 |
278.80
|
| ’23 | (143.15) | 164.33 | 85.04 | 96.93 |
203.15
|
| ’22 | (131.51) | 119.84 | 93.07 | 125.48 |
206.88
|
| ’21 | (114.53) | 34.58 | 91.08 | 123.03 |
134.15
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | (217.48) | 75.87 | 202.36 | 294.22 |
354.97
|
| ’25 | (156.79) | 208.55 | 37.32 | 283.72 |
372.81
|
| ’24 | (151.45) | 160.65 | 52.24 | 155.78 |
217.21
|
| ’23 | (161.41) | 147.43 | 69.84 | 79.33 |
135.19
|
| ’22 | (146.85) | 105.69 | 74.64 | 105.79 |
139.26
|
| ’21 | (127.11) | 23.82 | 79.74 | 105.66 |
82.11
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’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
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 25.65 | 31.34 | 54.81 | 60.61 | 63.42 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 47.35 | 62.56 | 112.80 | 171.17 | 103.67 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,500 | 7,800 | 7,800 | 8,600 | 9,200 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.22 | 0.24 | 0.26 | 0.28 | 0.27 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,686.67 | 1,837.36 | 2,040.07 | 2,405.32 | 2,518.08 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.36% | 35.22% | 37.43% | 39.24% | 37.75% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 147.07 | 172.55 | 267.69 | 383.22 | 441.16 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.72% | 9.39% | 13.12% | 15.93% | 17.52% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 107.13 | 126.87 | 204.18 | 287.94 | 338.19 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 99.49 | 111.96 | 111.32 | 116.32 | 128.24 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.69 | 43.45 | 47.86 | 55.88 | 58.95 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.58 | 3.00 | 4.79 | 6.69 | 7.92 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.99 | 4.80 | 6.54 | 10.06 | 10.16 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.63) | (1.61) | (1.44) | (1.39) | (1.85) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.36 | 3.20 | 5.10 | 8.66 | 8.31 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.60 | 22.40 | 27.59 | 34.38 | 38.21 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.45 | 42.29 | 42.63 | 43.04 | 42.72 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.93 | 12.45 | 14.43 | 21.70 | 10.89 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.00 | 0.86 | 1.44 | 2.60 | 1.46 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.08 | 1.66 | 2.50 | 4.22 | 2.26 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.06 | 0.84 | 1.34 | 2.40 | 1.29 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.87 | 11.36 | 12.61 | 15.49 | 9.16 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 206.88 | 203.15 | 278.80 | 432.82 | 433.81 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (67.63) | (67.96) | (61.59) | (60.01) | (78.85) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 139.26 | 135.19 | 217.21 | 372.81 | 354.97 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 648.46 | 756.06 | 1,001.17 | 1,329.86 | 1,427.27 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 490.33 | 484.31 | 441.13 | 460.89 | 474.45 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 100.93 | (38.41) | (251.16) | (524.38) | (483.55) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 812.58 | 947.30 | 1,176.03 | 1,479.62 | 1,632.33 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.65% | 7.45% | 11.09% | 13.66% | 14.30% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.72% | 11.38% | 16.87% | 23.56% | 24.52% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.25% | 14.42% | 19.23% | 21.69% | 21.74% | — | — | — |
ROE
|
Stride, Inc. (LRN), a K-12 online education leader, has posted robust growth, with revenue surging from $873 million in 2016 to $2.04 billion in 2024 at over 11% CAGR, propelled by pandemic-driven enrollments and operational efficiencies like revenue per employee rising 44% to $262,000. Profitability has strengthened markedly, with EBT margins expanding from 1.5% to 13.1%, net income up 2,280%, and EPS reaching $4.79, underscoring resilience in a cyclical sector amid disciplined cost controls and steady headcount growth.
The balance sheet stands out as a defensive bulwark: negative net debt of $251 million, $373 million in 2024 FCF (72% YoY jump), and ROE climbing to 19.2%, providing ample cushion for downturns or acquisitions. Valuation appears reasonable at 14.4x trailing P/E and attractive forward multiples, though PS ratios have stretched; the stock trades 11-47% below analyst targets, hinting at market caution despite 24% revenue growth projected for 2025.
Yet risks loom large—enrollment volatility, over 50% revenue tied to public funding, insider selling, and potential margin reversion could compress growth and trigger 20% downside to 10x forward earnings. For conservative investors, Stride’s cash-rich profile supports a hold, with FCF as the key anchor, but scaling in below mean targets merits prudence amid softening projections.
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