Stride, Inc. (LRN) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	2.5B	2.5B	2.4B	2.0B	1.8B
Cost of Revenue	1.6B	1.6B	1.5B	1.3B	1.2B
Gross Profit	949.6M	950.6M	943.9M	763.6M	647.1M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	483.5M	499.8M	524.3M	514.0M	481.6M
General & Admin Expense	156.8M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	59.5M	—	—
Total Operating Expenses	483.5M	499.8M	583.8M	514.0M	481.6M
Cost and Expenses	2.1B	2.1B	2.0B	1.8B	1.7B
Operating Income (EBIT)	466.1M	450.8M	360.1M	249.6M	165.5M
Non-Operating
Interest Income	23.6M	23.6M	—	—	—
Interest Expense	11.6M	11.8M	10.5M	8.8M	8.4M
Net Interest Income	11.9M	11.8M	(10.5M)	(8.8M)	(8.4M)
Other Non-Op Income/Expense	(25.3M)	(9.6M)	20.9M	19.1M	6.7M
Non-Operating Income (excl Interest)	13.3M	(2.2M)	(33.6M)	(26.9M)	(15.5M)
EBT (Pre-Tax Income)	440.8M	441.2M	380.9M	268.7M	172.2M
Income Tax Expense	106.4M	102.8M	93.0M	64.5M	45.3M
Bottom Line
Net Income	334.3M	338.2M	287.9M	204.2M	126.9M
Earnings from Cont. Ops	334.4M	338.2M	287.9M	204.2M	126.9M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	334.3M	338.2M	287.9M	204.2M	126.9M
Per Share
Basic EPS	$7.90	$7.92	$6.69	$4.79	$3.00
Diluted EPS	$7.19	$7.14	$5.95	$4.69	$2.97
Revenue Per Share	$61.15	$58.95	$55.88	$47.86	$43.45
Shares
Basic Shares Outstanding	41.5M	42.7M	43.0M	42.6M	42.3M
Diluted Shares Outstanding	44.8M	47.3M	48.4M	43.5M	42.7M
Profitability Metrics
EBITDA	585.0M	579.5M	508.4M	386.2M	291.3M
D&A	132.3M	126.6M	114.7M	109.7M	110.4M
EBIT	452.8M	452.9M	393.7M	276.5M	181.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026