K12-powered virtual public schools (LRN) opened enrollment for the 2026–2027 Arizona school year. Arizona Virtual Academy (K–12) and Insight School of Arizona (7–12) offer tuition-free, full-time online instruction by Arizona-certified teachers, Cognia accreditation, NCAA-approved courses (AZVA), college and career pathways, and statewide in-person events.
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News Market Reaction – LRN
+0.78%
+0.78%Session close to close
In the Mar 3 session, LRN gained 0.78%, reflecting a mild positive market reaction.
This announcement adds Arizona to a series of K12-powered virtual public school enrollment openings ...
Analysis
This announcement adds Arizona to a series of K12-powered virtual public school enrollment openings for the 2026–2027 year, reinforcing Stride’s multi-state footprint. It highlights tuition-free access, Arizona-certified teachers, Cognia accreditation, and college and career readiness pathways. When evaluating the news, investors may contextualize it against recent quarterly revenue of $631.3M, net income of $99.5M, and the company’s active share repurchase program and balance-sheet position.
Key Figures
Quarterly revenue:$631.3MQuarterly net income:$99.5MFirst-half revenue:$1.25B+5 more
8 metrics
Quarterly revenue$631.3MQuarter ended Dec 31, 2025 (10-Q)
Quarterly net income$99.5MQuarter ended Dec 31, 2025 (10-Q)
First-half revenue$1.25BSix months ended Dec 31, 2025 (10-Q)
First-half net income$168.3MSix months ended Dec 31, 2025 (10-Q)
Cash & equivalents$497.1MBalance sheet as of Dec 31, 2025 (10-Q)
Convertible long-term debt$417.2MBalance sheet as of Dec 31, 2025 (10-Q)
Repurchase authorization$500MNew stock repurchase program (10-Q)
Shares repurchased1,272,790 sharesShares bought back during period (10-Q)
K12 Tutoring won a 2025 Tech & Learning Award for Excellence.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent K12 enrollment announcements across multiple states often saw mixed or negative next-day price moves, while recognition/award news skewed modestly positive.
Recent Company History
Over the last few weeks, Stride (LRN) repeatedly announced K12-powered enrollment openings for the 2026–2027 school year in Indiana, Missouri, Ohio, and Oklahoma, extending its virtual public school footprint. Market reactions to these state-specific enrollment releases ranged from about flat to mildly negative. A Tech & Learning award for K12 Tutoring on Feb 13 saw a small positive move. Today’s Arizona enrollment news continues this steady expansion theme across states.
Key Terms
cte, ncaa-approved, cognia-accredited, 10-q, +3 more
7 terms
ctetechnical
"Career and college readiness pathways, including CTE opportunities"
Chronic Traumatic Encephalopathy (CTE) is a progressive brain condition linked to repeated head impacts that can cause memory loss, mood changes and impaired thinking; it is most often confirmed after death. Think of it as long-term wear-and-tear on the brain’s wiring. Investors watch CTE because research, lawsuits, regulatory action or changing safety standards can create legal costs, liability, insurance exposure and reputational damage that affect a company’s finances and future sales.
ncaa-approvedtechnical
"NCAA-approved courses for student-athletes (AZVA)"
NCAA-approved means a product, program, partnership, policy or transaction has been reviewed and cleared by the National Collegiate Athletic Association as meeting its rules and standards for college sports. For investors, that clearance is like a safety inspection certificate: it reduces the risk of sanctions, preserves access to college teams and audiences, and can unlock contracts, licensing or broadcast opportunities that drive revenue and protect reputation.
cognia-accreditedtechnical
"Cognia-accredited - recognized for meeting rigorous academic and operational standards"
Cognia-accredited means an educational institution or program has been reviewed and certified by Cognia, an independent organization that checks schools against a set of quality and performance standards. For investors, this is like a trusted inspection sticker: it signals reliable operations, improved reputation, and often greater eligibility for public funding and student enrollment, all of which can influence revenue prospects and risk profiles.
10-qregulatory
"[10-Q] Stride, Inc. Quarterly Earnings Report"
A 10-Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion of results, and disclosures about risks, legal matters and operational changes. Think of it as a quarterly report card and progress update that lets investors track recent performance, spot trends or warning signs between annual reports, and make informed buy/sell decisions based on the latest verified financial and business information.
An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.
"against <b>$417.2 million</b> of convertible long-term debt"
Convertible long-term debt is a loan or bond that a company must repay over more than one year but that gives the lender the option to convert the owed amount into the company’s shares instead of cash. Investors care because it changes a company’s future cash obligations and can dilute existing shareholders if converted, while also offering creditors potential upside; think of it like a mortgage that can be traded for ownership in the house instead of continued payments.
restricted sharesfinancial
"to cover withholding taxes upon the vesting of restricted shares"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
Arizona Families Can Enroll in Online Public School Led by State-Certified Teachers
PHOENIX, AZ, March 03, 2026 (GLOBE NEWSWIRE) -- Enrollment is now open for the 2026–2027 school year at the following K12-powered tuition-free virtual public schools serving students across Arizona:
Arizona Virtual Academy (AZVA), serving grades K–12
Insight School of Arizona (ISAZ), specializing in helping students stay on track and graduate, serving grades 7–12
Each school is a full-time online public school taught by state-certified teachers and aligned to Arizona academic standards. The schools are powered by K12, a national leader in online public education and provide:
Call: 866.968.7512 Enrollment is open to students statewide.
Frequently Asked Questions About Online Public School
Is online public school free in Arizona?
Yes. Arizona Virtual Academy and Insight School of Arizona are tuition-free virtual public schools serving students across Arizona.
How does online public school work?
Students attend a full-time virtual public school taught by Arizona-certified teachers. Students follow a structured academic schedule that includes live instruction, independent coursework, and regular teacher support.
Are online public schools accredited?
Arizona Virtual Academy and Insight School of Arizona are public schools authorized in Arizona. Both schools are Cognia-accredited. Students complete state-aligned coursework and earn a diploma recognized by the state of Arizona.
Do parents have to teach their child in online school?
Instruction is provided by state-certified teachers. A parent or guardian supports daily learning at home, while teachers deliver lessons, assign work, and assess progress.
How do students socialize in online school?
Students can participate in virtual clubs, group projects, competitions, field trips, and in-person school events throughout the year.
When does enrollment open for online public school in Arizona?
Enrollment for the 2026–2027 school year at Arizona Virtual Academy and Insight School of Arizona is now open. Families can apply at each school’s website listed above.
About Arizona Virtual Academy
Arizona Virtual Academy (AZVA) is a tuition-free, full-time online public school serving students in grades K–12 throughout Arizona. Powered by K12, a Stride, Inc. portfolio brand, AZVA combines an engaging online curriculum with Arizona-certified teachers to support academic growth and college and career readiness. Learn more at azva.k12.com.
About Insight School of Arizona
Insight School of Arizona (ISAZ) is a tuition-free, full-time online public school serving students in grades 7–12 throughout Arizona. Powered by K12, a Stride, Inc. portfolio brand, ISAZ provides a personalized learning environment with Arizona-certified teachers and flexible scheduling designed to support student success and on-time graduation. Learn more at insightaz.k12.com.
About K12
For 25 years, K12 has been a national leader in virtual education, serving more than three million students across the country. K12 provides families with flexible learning options, including online public and private schools, personalized tutoring, and accredited homeschool curriculum. K12 is a portfolio brand of Stride, Inc.
Cameron Bell | Public Relations Manager
K12
cbell7@k12.com
FAQ
Is enrollment open now for Arizona Virtual Academy and Insight School of Arizona (LRN) for 2026–2027?
Yes, enrollment is open for the 2026–2027 school year at both schools. According to K12, families can apply now via the schools' websites or by calling 866.968.7512 for statewide enrollment.
Are Arizona Virtual Academy and Insight School of Arizona (LRN) tuition-free public schools?
Yes, both Arizona Virtual Academy and Insight School of Arizona are tuition-free virtual public schools. According to K12, they serve students statewide with state-certified teachers and state-recognized diplomas.
What grade levels does Arizona Virtual Academy (LRN) serve for 2026–2027?
Arizona Virtual Academy serves students in grades K–12 as a full-time online public school. According to K12, AZVA provides live instruction, honors and dual-credit options, and NCAA-approved courses for student-athletes.
What does Insight School of Arizona (LRN) offer for students in grades 7–12?
Insight School of Arizona offers full-time online instruction for grades 7–12 focused on on-time graduation and personalization. According to K12, ISAZ provides Arizona-certified teachers, flexible scheduling, and credit recovery options.
Are Arizona Virtual Academy and Insight School of Arizona (LRN) accredited and aligned to state standards?
Yes, both schools are Cognia-accredited and follow Arizona academic standards. According to K12, students complete state-aligned coursework and earn diplomas recognized by the state of Arizona.
How do students socialize and engage while attending Arizona Virtual Academy or Insight School of Arizona (LRN)?
Students can join virtual clubs, group projects, competitions, field trips, and in-person events across Arizona. According to K12, these activities support engagement alongside live instruction and teacher-led coursework.
