Stride, Inc. SEC 10-Q Report

Stride, Inc., a leading provider of online education programs for K-12 students and adult learners, has released its latest Form 10-Q report, showcasing significant growth in both financial and operational metrics. The company's robust performance is driven by its diverse educational offerings and strategic focus on expanding its Career Learning segment.

Financial Highlights

Stride, Inc. reported impressive financial results for the three months ended March 31, 2025, reflecting strong growth and improved profitability across key metrics:

• Revenues: $613.4 million, a significant increase from the previous year's $520.8 million, driven by growth in both General Education and Career Learning segments.
• Gross margin: $249.3 million, up from $201.3 million, indicating improved cost management and efficiency in instructional costs and services.
• Income from operations: $130.8 million, compared to $88.3 million in the prior year, showcasing enhanced operational efficiency and cost control.
• Net income attributable to common stockholders: $99.3 million, a substantial rise from $69.7 million, highlighting strong overall financial performance.
• Basic net income per share: $2.31, up from $1.63, reflecting the company's improved profitability.
• Diluted net income per share: $2.02, compared to $1.60, indicating increased earnings per share due to higher net income.

Business Highlights

Stride, Inc. continues to demonstrate strong operational performance, driven by its comprehensive educational offerings and strategic focus on high-growth areas:

• Revenue Segments: The company reported revenue from two main segments: General Education and Career Learning. General Education focuses on core subjects for K-12 students, while Career Learning targets skill development in high-growth industries for middle school, high school, and adult learners. During the three months ended March 31, 2025, General Education revenue was $370.8 million, and Career Learning revenue was $242.6 million, with Middle - High School contributing $223.9 million and Adult contributing $18.7 million.
• Customer Segments: Stride, Inc. serves a diverse customer base, including public and private schools, school districts, charter boards, employers, government agencies, and consumers. The majority of revenue is derived from funding-based contracts with virtual and blended public schools.
• Operational Performance: The company operates as a technology company providing an educational platform for online learning. Stride offers a comprehensive school-as-a-service model and stand-alone products and services, supporting individualized learning for students and adults.
• Future Outlook: Stride anticipates continued growth in its Career Learning segment, driven by demand for skills in information technology, healthcare, and general business. The company plans to expand its offerings and enhance its platform to support lifelong learning.
• Geographical Performance: The company operates across the United States, providing educational services to a wide range of regions and markets.

SEC Filing: Stride, Inc. [ LRN ] - 10-Q - Apr. 29, 2025