Stride, Inc. (LRN) Form 10-Q — Oct 20, 2026
Stride reported Q1 FY2027 revenue of $639.4 million, up 3.0% year over year, with operating income jumping 22.2% to $84.3 million on lower SG&A expenses. Net income was $64.9 million ($1.45 diluted EPS, up from $1.40), despite total enrollments declining 2.5% to 241.4 thousand. Career Learning revenue grew 9.7% to $282.8 million while General Education revenue fell 1.8% to $356.6 million on a 6.2% enrollment decline; Adult Career Learning revenue dropped 34.4%. The $420 million 1.125% convertible senior notes due September 1, 2027 are now classified as a current liability, though Stride holds $547.8 million in cash plus $241.4 million in marketable securities.
Key figures
- Eps
- 1.45
- Revenue
- 639378000
- Net Income
- 64919000
- Total Debt
- 418431000
- Revenue Yoy
- 3.0%
- Total Assets
- 2530956000
- Cash Position
- 547750000
- Shares Outstanding
- 42048853
- Notes Coupon
- 1.125%
- Notes Maturity
- September 1, 2027
- Operating Income
- 84268000
- Total Enrollment
- 241.4 thousand
- Enrollment Change
- -2.5%
- Operating Income Yoy
- 22.2%
- Career Learning Revenue
- 282772000
- General Education Revenue
- 356606000
- Repurchase Authority Remaining
- 311300000
AI analysis
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