Stride Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Stride Inc has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 12.2% the prior year.
Stride Inc's revenue surged 17.9% year-over-year to $2.4B, reflecting rapid business expansion. This strong growth earns a score of 80/100.
Stride Inc carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.39, Stride Inc holds $5.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Stride Inc converts 17.9% of revenue into free cash flow ($431.0M). This strong cash generation earns a score of 90/100.
Stride Inc earns a strong 19.5% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 17.4% the prior year.
Stride Inc scores 5.44, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Stride Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Stride Inc generates $1.50 in operating cash flow ($432.8M OCF vs $287.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Stride Inc (LRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Stride Inc generated $2.4B in revenue in fiscal year 2025. This represents an increase of 17.9% from the prior year.
Stride Inc's EBITDA was $474.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.1% from the prior year.
Stride Inc generated $431.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 55.9% from the prior year.
Stride Inc reported $287.9M in net income in fiscal year 2025. This represents an increase of 41.0% from the prior year.
Stride Inc earned $5.95 per diluted share (EPS) in fiscal year 2025. This represents an increase of 26.9% from the prior year.
Stride Inc held $782.5M in cash against $416.3M in long-term debt as of fiscal year 2025.
Stride Inc had 44M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Stride Inc's gross margin was 39.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.
Stride Inc's operating margin was 15.0% in fiscal year 2025, reflecting core business profitability. This is up 2.7 percentage points from the prior year.
Stride Inc's net profit margin was 12.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Stride Inc's ROE was 19.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the prior year.
Stride Inc invested $16.6M in research and development in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Stride Inc invested $1.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 21.5% from the prior year.
LRN Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $631.3M+1.7% | $620.9M+1.2% | $613.4M+4.5% | $587.2M+6.6% | $551.1M+5.8% | $520.8M+3.2% | $504.9M+5.1% | $480.2M |
| Cost of Revenue | $371.6M-1.9% | $378.8M+4.0% | $364.1M+4.8% | $347.4M+3.6% | $335.2M+4.9% | $319.5M+5.2% | $303.7M-1.2% | $307.3M |
| Gross Profit | $259.6M+7.2% | $242.1M-2.9% | $249.3M+3.9% | $239.9M+11.1% | $215.9M+7.2% | $201.3M+0.1% | $201.2M+16.4% | $172.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $112.8M-34.9% | $173.1M+46.1% | $118.5M+3.3% | $114.8M-31.9% | $168.5M+49.1% | $113.0M-3.3% | $116.9M-31.1% | $169.6M |
| Operating Income | $146.9M+112.9% | $69.0M-47.3% | $130.8M+4.5% | $125.1M+164.2% | $47.3M-46.4% | $88.3M+4.8% | $84.3M+2438.8% | $3.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $34.0M+135.5% | $14.4M-59.3% | $35.5M+6.3% | $33.4M+195.8% | $11.3M-54.3% | $24.7M+11.1% | $22.2M+1344.7% | $1.5M |
| Net Income | $99.5M+44.6% | $68.8M-30.7% | $99.3M+3.1% | $96.4M+135.8% | $40.9M-41.3% | $69.7M+4.3% | $66.8M+1270.2% | $4.9M |
| EPS (Diluted) | $2.12+51.4% | $1.40-30.7% | $2.02-0.5% | $2.03+116.0% | $0.94-41.3% | $1.60+3.9% | $1.54+1300.0% | $0.11 |
LRN Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B-1.1% | $2.3B+5.7% | $2.2B+6.6% | $2.1B+5.0% | $2.0B+4.2% | $1.9B+6.2% | $1.8B+0.8% | $1.8B |
| Current Assets | $1.6B-3.0% | $1.7B+9.1% | $1.5B+9.0% | $1.4B+7.5% | $1.3B+6.8% | $1.2B+11.0% | $1.1B+0.8% | $1.1B |
| Cash & Equivalents | $497.1M-4.1% | $518.4M-1.9% | $528.5M+2.6% | $515.0M+62.1% | $317.8M-15.6% | $376.6M+6.3% | $354.4M+39.2% | $254.6M |
| Inventory | $17.9M-9.4% | $19.8M-11.4% | $22.4M+8.1% | $20.7M-7.2% | $22.3M+6.1% | $21.0M+7.9% | $19.5M-10.3% | $21.8M |
| Accounts Receivable | $869.0M+7.4% | $809.3M+15.6% | $699.8M+20.1% | $582.5M-13.8% | $675.7M+16.9% | $577.8M+13.4% | $509.6M-19.1% | $629.6M |
| Goodwill | $246.7M0.0% | $246.7M0.0% | $246.7M0.0% | $246.7M0.0% | $246.7M0.0% | $246.7M0.0% | $246.7M0.0% | $246.7M |
| Total Liabilities | $758.7M-5.8% | $805.7M+1.9% | $790.6M+5.0% | $752.7M-0.7% | $757.6M-4.0% | $789.0M+5.3% | $749.5M-7.4% | $809.2M |
| Current Liabilities | $220.1M-9.6% | $243.6M-9.6% | $269.6M+16.9% | $230.7M0.0% | $230.7M-18.2% | $282.0M+17.0% | $240.9M-19.5% | $299.1M |
| Long-Term Debt | $417.2M+0.1% | $416.8M+0.2% | $415.9M+0.1% | $415.5M+0.1% | $415.1M+0.2% | $414.3M+0.1% | $413.9M+0.1% | $413.5M |
| Total Equity | $1.5B+1.3% | $1.5B+7.8% | $1.4B+7.5% | $1.3B+8.5% | $1.2B+10.1% | $1.1B+6.8% | $1.0B+7.7% | $958.5M |
| Retained Earnings | $1.0B+10.9% | $915.3M+15.1% | $795.1M+14.3% | $695.8M+16.1% | $599.4M+20.9% | $495.7M+16.4% | $426.0M+18.6% | $359.2M |
LRN Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $91.8M+146.9% | -$195.8M-468.5% | $53.1M-76.2% | $223.4M+257.3% | -$142.0M-307.1% | $68.6M-60.4% | $173.3M+228.1% | -$135.3M |
| Capital Expenditures | -$254K-183.0% | $306K+55.3% | $197K-59.3% | $484K-27.7% | $669K+429.6% | -$203K-2355.6% | $9K-99.5% | $1.7M |
| Free Cash Flow | $91.6M+146.7% | -$196.1M-470.4% | $52.9M-76.2% | $222.9M+256.2% | -$142.7M-308.7% | $68.4M-60.6% | $173.3M+226.5% | -$137.0M |
| Investing Cash Flow | -$9.9M+59.8% | -$24.7M-39.9% | -$17.7M-19.6% | -$14.8M+29.3% | -$20.9M+35.2% | -$32.2M+47.8% | -$61.7M-773.8% | -$7.1M |
| Financing Cash Flow | -$103.2M-137.0% | -$43.6M-98.4% | -$22.0M-151.6% | -$8.7M+56.3% | -$20.0M-40.9% | -$14.2M-19.6% | -$11.8M+14.3% | -$13.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LRN Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1%+2.1pp | 39.0%-1.6pp | 40.6%-0.2pp | 40.8%+1.7pp | 39.2%+0.5pp | 38.6%-1.2pp | 39.9%+3.9pp | 36.0% |
| Operating Margin | 23.3%+12.2pp | 11.1%-10.2pp | 21.3%+0.0pp | 21.3%+12.7pp | 8.6%-8.4pp | 17.0%+0.3pp | 16.7%+16.0pp | 0.7% |
| Net Margin | 15.8%+4.7pp | 11.1%-5.1pp | 16.2%-0.2pp | 16.4%+9.0pp | 7.4%-6.0pp | 13.4%+0.1pp | 13.2%+12.2pp | 1.0% |
| Return on Equity | 6.4%+1.9pp | 4.5%-2.5pp | 7.0%-0.3pp | 7.3%+3.9pp | 3.4%-3.0pp | 6.3%-0.1pp | 6.5%+6.0pp | 0.5% |
| Return on Assets | 4.3%+1.4pp | 2.9%-1.6pp | 4.5%-0.2pp | 4.7%+2.6pp | 2.1%-1.6pp | 3.7%-0.1pp | 3.8%+3.5pp | 0.3% |
| Current Ratio | 7.27+0.5 | 6.78+1.2 | 5.61-0.4 | 6.02+0.4 | 5.60+1.3 | 4.29-0.2 | 4.52+0.9 | 3.61 |
| Debt-to-Equity | 0.270.0 | 0.27-0.0 | 0.29-0.0 | 0.32-0.0 | 0.34-0.0 | 0.38-0.0 | 0.40-0.0 | 0.43 |
| FCF Margin | 14.5%+46.1pp | -31.6%-40.2pp | 8.6%-29.3pp | 38.0%+63.9pp | -25.9%-39.0pp | 13.1%-21.2pp | 34.3%+62.9pp | -28.5% |
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Frequently Asked Questions
What is Stride Inc's annual revenue?
Stride Inc (LRN) reported $2.4B in total revenue for fiscal year 2025. This represents a 17.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Stride Inc's revenue growing?
Stride Inc (LRN) revenue grew by 17.9% year-over-year, from $2.0B to $2.4B in fiscal year 2025.
Is Stride Inc profitable?
Yes, Stride Inc (LRN) reported a net income of $287.9M in fiscal year 2025, with a net profit margin of 12.0%.
What is Stride Inc's earnings per share (EPS)?
Stride Inc (LRN) reported diluted earnings per share of $5.95 for fiscal year 2025. This represents a 26.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Stride Inc's EBITDA?
Stride Inc (LRN) had EBITDA of $474.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Stride Inc have?
As of fiscal year 2025, Stride Inc (LRN) had $782.5M in cash and equivalents against $416.3M in long-term debt.
What is Stride Inc's gross margin?
Stride Inc (LRN) had a gross margin of 39.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Stride Inc's operating margin?
Stride Inc (LRN) had an operating margin of 15.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Stride Inc's net profit margin?
Stride Inc (LRN) had a net profit margin of 12.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Stride Inc's return on equity (ROE)?
Stride Inc (LRN) has a return on equity of 19.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Stride Inc's free cash flow?
Stride Inc (LRN) generated $431.0M in free cash flow during fiscal year 2025. This represents a 55.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Stride Inc's operating cash flow?
Stride Inc (LRN) generated $432.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Stride Inc's total assets?
Stride Inc (LRN) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Stride Inc's capital expenditures?
Stride Inc (LRN) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Stride Inc spend on research and development?
Stride Inc (LRN) invested $16.6M in research and development during fiscal year 2025.
How many shares does Stride Inc have outstanding?
Stride Inc (LRN) had 44M shares outstanding as of fiscal year 2025.
What is Stride Inc's current ratio?
Stride Inc (LRN) had a current ratio of 5.39 as of fiscal year 2025, which is generally considered healthy.
What is Stride Inc's debt-to-equity ratio?
Stride Inc (LRN) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stride Inc's return on assets (ROA)?
Stride Inc (LRN) had a return on assets of 12.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Stride Inc's Altman Z-Score?
Stride Inc (LRN) has an Altman Z-Score of 5.44, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Stride Inc's Piotroski F-Score?
Stride Inc (LRN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Stride Inc's earnings high quality?
Stride Inc (LRN) has an earnings quality ratio of 1.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Stride Inc?
Stride Inc (LRN) scores 87 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.