LRN · XBRL financial data

Stride financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (LRN's year ends in late June)

In millions of dollars	Q2 FY24Dec 31, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25Sep 30, 2024	Q2 FY25Dec 31, 2024	Q3 FY25Mar 31, 2025	Q4 FY25Jun 30, 2025	Q1 FY26Sep 30, 2025	Q2 FY26Dec 31, 2025	Q3 FY26Mar 31, 2026	Q4 FY26Jun 30, 2026	Q1 FY27Sep 30, 2026
Revenue from contracts with customers	505	521	534*	551	587	613	654*	621	631	630	636*	639
Cost of goods and services sold	304	320	346*	335	347	364	415*	379	372	398	419*	398
Gross profit	201	201	188*	216	240	249	239*	242	260	232	217*	241
Research and development	—	—	year only	—	—	—	year only	—	—	—	year only	—
Selling, general and administrative	117	113	115*	169	115	119	123*	173	113	102	111*	157
Operating income (loss)	84	88	74*	47	125	131	57*	69	147	129	106*	84
Other income (expense)	7	8	8*	9	7	7	10*	17	(11)	(5)	1*	1
Income tax expense (benefit)	22	25	16*	11	33	35	13*	14	34	32	23*	18
Net income (loss)	67	70	63*	41	96	99	51*	69	99	89	81*	65
Earnings per share, basic USD per share	1.57	1.63	1.47*	0.95	2.24	2.31	1.19*	1.59	2.31	2.09	1.93*	1.57
Earnings per share, diluted USD per share	1.54	1.60	1.43*	0.94	2.03	2.02	0.96*	1.40	2.12	1.93	1.72*	1.45
Weighted average shares, basic millions of shares	43	43	43*	43	43	43	43*	43	43	42	42*	41
Weighted average shares, diluted millions of shares	43	44	44*	44	47	49	53*	49	47	46	47*	45

Fiscal quarters (LRN's year ends in late June)

In millions of dollars	Q2 FY24Dec 31, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25Sep 30, 2024	Q2 FY25Dec 31, 2024	Q3 FY25Mar 31, 2025	Q4 FY25Jun 30, 2025	Q1 FY26Sep 30, 2025	Q2 FY26Dec 31, 2025	Q3 FY26Mar 31, 2026	Q4 FY26Jun 30, 2026	Q1 FY27Sep 30, 2026
Cash and cash equivalents	354	377	501	318	515	529	782	518	497	614	755	548
Marketable securities	—	—	192	204	202	195	203	197	129	192	203	241
Accounts receivable	510	578	473	676	583	700	560	809	869	855	665	855
Inventory	20	21	37	22	21	22	38	20	18	22	38	23
Total current assets	1,089	1,209	1,245	1,291	1,388	1,513	1,633	1,650	1,600	1,759	1,716	1,754
Property and equipment, net	—	—	51	—	—	—	79	—	—	—	102	—
Right-of-use asset	61	58	55	52	49	46	16	14	8	8	7	7
Goodwill	247	247	247	247	247	247	247	247	247	247	247	247
Total assets	1,782	1,892	1,920	1,972	2,071	2,208	2,294	2,333	2,307	2,447	2,436	2,531
Accounts payable	31	37	41	50	31	40	44	56	46	45	47	76
Accrued liabilities	56	68	61	56	83	71	103	59	63	97	95	68
Current portion of long-term debt	—	—	—	—	—	—	—	—	—	—	—	418
Total current liabilities	241	282	244	231	231	270	303	244	220	283	289	686
Long-term debt	414	414	415	415	416	416	416	417	417	418	418	—
Lease liability, non-current	52	48	45	42	39	37	35	36	11	9	8	8
Total liabilities	750	789	744	758	753	791	814	806	759	805	803	859
Retained earnings	426	496	559	599	696	795	846	915	1,015	1,103	1,185	1,250
Total stockholders' equity	1,033	1,103	1,176	1,214	1,318	1,417	1,480	1,527	1,548	1,642	1,632	1,672
Total liabilities and equity	1,782	1,892	1,920	1,972	2,071	2,208	2,294	2,333	2,307	2,447	2,436	2,531
Common shares outstanding (cover page) millions of shares	43	43	43	44	44	44	44	44	43	43	42	42

Fiscal quarters (LRN's year ends in late June)

In millions of dollars	Q2 FY24Dec 31, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25Sep 30, 2024	Q2 FY25Dec 31, 2024	Q3 FY25Mar 31, 2025	Q4 FY25Jun 30, 2025	Q1 FY26Sep 30, 2025	Q2 FY26Dec 31, 2025	Q3 FY26Mar 31, 2026	Q4 FY26Jun 30, 2026	Q1 FY27Sep 30, 2026
Net income (loss)	67	70	63*	41	96	99	51*	69	99	89	81*	65
Stock-based compensation	8*	5*	10*	8	8*	9*	12*	10	10*	10*	10*	(7)
Depreciation and amortization	26*	27*	28*	28	27*	29*	30*	29	31*	33*	34*	35
Net cash from operating activities	173*	69*	172*	(142)	223*	53*	298*	(196)	92*	221*	317*	(125)
Purchases of property and equipment	0*	(0)*	1*	1	0*	0*	0*	0	(0)*	1*	0*	0
Net cash from investing activities	(62)*	(32)*	(39)*	(21)	(15)*	(18)*	(35)*	(25)	(10)*	(85)*	(61)*	(46)
Share repurchases	—	—	—	—	—	—	—	—	—	0*	100*	—
Net cash from financing activities	(12)*	(14)*	(9)*	(20)	(9)*	(22)*	(12)*	(44)	(103)*	(19)*	(116)*	(36)
Net change in cash	100*	22*	124*	(183)	200*	14*	251*	(264)	(21)*	117*	140*	(207)

SIC 8200 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Stride	548	639	(125)	42.0M	6.3 quarters	Q1 FY27 10-QSep 30, 2026
Strategic Education	124	337	29*	22.2M	—	Q2 FY26 10-QJun 30, 2026
Perdoceo Education	163	213	75*	62.6M	—	Q2 FY26 10-QJun 30, 2026
Laureate Education	190	485	152*	135.7M	—	Q3 FY26 10-QSep 30, 2026
Graham Holdings	154	1,326	160*	not reported	—	Q3 FY26 10-QSep 30, 2026
Universal Technical Institute	130	219	10*	55.1M	—	Q3 FY26 10-QJun 30, 2026
Covista	222	512	114	33.3M	—	Q1 FY27 10-QSep 30, 2026
Udemy	253	not reported	15	146.3M	—	Q1 FY26 10-QMar 31, 2026
Grand Canyon Education	171	264	109*	26.1M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.