Business Description
Stride, Inc. is an ed-tech company that specializes in providing a variety of online learning tools and services. The firm delivers personalized educational experiences to students, primarily from kindergarten through twelfth grade (K-12), across the United States and internationally, leveraging both its proprietary content and third-party resources, including curriculum, software platforms, and support services. The company's digital solutions empower its clients to efficiently attract, enroll, instruct, monitor the academic progress of, and provide comprehensive assistance to their student populations. For the K-12 segment, Stride offers all-encompassing integrated packages—including systems, services, and expert guidance—to facilitate the operation of virtual or blended public schools. It also provides individual online courses, supplementary educational materials, and general education resources covering core subjects like mathematics, English language arts, science, and history for K-12 students. Beyond K-12, Stride expands into career-focused education, helping individuals develop essential skills for industries such as information technology, healthcare, and business. This includes specialized post-secondary career development programs for adult learners, offered under brands like Galvanize, Tech Elevator, and MedCerts, which provide skills training in fields like software engineering, healthcare, and various medical professions. Additionally, Stride offers staffing and talent development services to businesses. Stride, Inc. caters to a broad spectrum of clients, including public and private schools, school districts, charter boards, individual consumers, corporations, and government entities. Originally established in 2000 as K12 Inc., the company changed its name to Stride, Inc. in December 2020 and maintains its headquarters in Reston, Virginia.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 6.69
Total Equity: $1.48B
Shares: 48,414,000
Total Debt: $416.32M
Cash: $782.50M
EBITDA: $508.39M
Total Debt: $416.32M
Cash: $782.50M
Revenue: $2.41B
Revenue: $2.41B
Revenue: $2.41B
Total Equity: $1.48B
Tax Rate: 24.4%
Equity: $1.48B
Total Debt: $416.32M
Cash: $782.50M
Current Liabilities: $302.88M
Long-Term Debt: $416.32M
Total Debt: $416.32M
Total Equity: $1.48B
Shares: 48,414,000
Shares: 48,414,000
CapEx: -$60.01M
Shares: 48,414,000
Stock Price: $87.12
Net Income: $287.94M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 21, 2026 11:02am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.8B | $2.0B | $2.4B |
| Cost of Revenue | $1.0B | $1.1B | $1.2B | $1.3B | $1.5B |
| Gross Profit | $534.9M | $596.5M | $647.1M | $763.6M | $943.9M |
| Operating Expenses | $424.4M | $439.8M | $481.6M | $514.0M | $583.8M |
| Operating Income | $110.5M | $156.6M | $165.5M | $249.6M | $360.1M |
| Net Income | $71.5M | $107.1M | $126.9M | $204.2M | $287.9M |
| EBITDA | $203.4M | $253.3M | $291.3M | $386.2M | $508.4M |
| EPS | $1.78 | $2.58 | $3.00 | $4.79 | $6.69 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 11:02am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $386.1M | $389.4M | $410.8M | $500.6M | $782.5M |
| Total Current Assets | $857.5M | $950.5M | $1.1B | $1.2B | $1.6B |
| Total Assets | $1.6B | $1.6B | $1.8B | $1.9B | $2.3B |
| Current Liabilities | $306.2M | $302.1M | $309.1M | $244.3M | $302.9M |
| Long-Term Debt | $299.3M | $411.4M | $413.0M | $414.7M | $416.3M |
| Total Liabilities | $772.6M | $831.0M | $813.4M | $744.4M | $814.3M |
| Total Equity | $804.6M | $812.6M | $947.3M | $1.2B | $1.5B |
| Retained Earnings | $112.2M | $227.5M | $354.3M | $558.5M | $846.5M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 11:02am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $134.2M | $206.9M | $203.2M | $278.8M | $432.8M |
| Capital Expenditure | -$52.3M | -$67.6M | -$66.5M | -$61.6M | -$60.0M |
| Free Cash Flow | $81.9M | $139.3M | $136.6M | $217.2M | $372.8M |
| Acquisitions (net) | -$71.1M | -$3.9M | -$1.7M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$9.2M | -$37.9M | -$13.5M | -$8.2M | -$21.5M |
| Net Change in Cash | $173.3M | $2.8M | $21.4M | $89.8M | $281.9M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 9:16pm (11h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.6B $2.6B – $2.7B
|
$2.8B $2.7B – $2.8B
|
$3.0B $3.0B – $3.0B
|
$3.1B $3.1B – $3.2B
|
| EBITDA |
$445.3M $440.2M – $457.0M
|
$463.2M $460.8M – $468.1M
|
$503.8M $501.3M – $509.1M
|
$526.4M $523.7M – $531.9M
|
| Net Income |
$364.0M $358.7M – $369.3M
|
$393.0M $389.1M – $397.0M
|
$437.2M $434.3M – $443.1M
|
$467.7M $464.6M – $474.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 11:02am (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +9.8% | +8.9% | +11.0% | +17.9% |
| Gross Profit Growth | +11.5% | +8.5% | +18.0% | +23.6% |
| Operating Income Growth | +41.8% | +5.7% | +50.8% | +44.3% |
| Net Income Growth | +49.9% | +18.4% | +60.9% | +41.0% |
| EBITDA Growth | +24.5% | +15.0% | +32.6% | +31.6% |
Narrative Economics
market-narrative step).