Stride reports first quarter 2027 financial results
Stride reported Q1 fiscal 2027 revenue of $639.4 million, up 3.0% year-over-year, with GAAP operating income up 22.2% to $84.3 million. Enrollments averaged 241.4K, down 2.5%, but revenue per enrollment rose 7.0% to $2,556, and Career Learning revenue grew 9.7% to $282.8 million. Below the operating line, net income fell 5.6% to $64.9 million and adjusted EPS declined 9.9% to $1.37 versus $1.52 a year ago.
Key figures
- Eps
- 1.45
- Revenue
- 639378000
- Guidance
- FY27 revenue $2.530B-$2.610B, adjusted operating income $500M-$530M, capex $70M-$80M, effective tax rate 24-26%; Q2 FY27 revenue $625M-$645M, adjusted operating income $135M-$145M
- Revenue Yoy
- 3.0%
- Capex
- 24500000
- Net income
- 64919000
- Adjusted eps
- 1.37
- Net income yoy
- -5.6%
- Adjusted ebitda
- 111810000
- Enrollments avg
- 241400
- Enrollments yoy
- -2.5%
- Adjusted eps yoy
- -9.9%
- Operating income yoy
- 22.2%
- Gaap operating income
- 84268000
- Revenue per enrollment
- 2556
- Adjusted operating income
- 78646000
- Revenue per enrollment yoy
- 7.0%
- Career learning revenue yoy
- 9.7%
- Cash and marketable securities
- 884200000
AI analysis
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