Stride, Inc.
Rank #142HypergrowthLRN · NYSE · Consumer Defensive
Stride, Inc. (LRN) — Rank #142 by gross profitability (GP/assets 0.39) · ROE 20.7% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001157408 · all metrics point-in-time as of the filing date.
About
Stride, Inc., a technology company, provides an educational platform to deliver proprietary and third-party curriculum, software systems, and educational services in the United States.
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The company offers online coursework and content in software engineering, healthcare, and medical fields, as well as state customized versions of those courses, electives, and instructional supports; end-to-end platform includes single sign-on capability for content management, learning management, student information, data reporting and analytics, and various support systems that provides an educational experience for students; and stand-alone products and services which can provide curriculum and content hosting on customers' learning management systems, or integration with customers' student information systems. It also provides instructional services that includes customer support for instructional teams comprising recruitment of state-certified teachers, training in research-based online instruction methods and Stride systems, oversight and evaluation services, and ongoing professional development; training options, such as hands-on training, on-demand courses, and support materials. In addition, the company offers support services, including marketing and enrollment, supporting prospective students through the admission process, assessment management, administrative support, technology, and materials support services. The company provides its products and services through virtual schools, traditional school districts, and consumer. It serves public and private schools, school districts, and charter boards, as well as employers, government agencies, and consumers. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020.
The company was incorporated in 1999 and is headquartered in Reston, Virginia.
- Industry
- Education & Training Services
- Sector
- Consumer Defensive
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- June 30
- Website
- stridelearning.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$3.47B
P/E (annual)
11.7
P/S (annual)
1.4
P/B
2.1
P/OCF (annual)
8.0
Shareholder Yield
-19.8%
Employees
9,200
Industry
Education & Training Services
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-3.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 19.8% — per-share value needs a total required return of 16.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 3.2%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-6.8%
r = 10% (base)
-3.1%
r = 12%
0.0%
Net debt / market cap: -13.7%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / FCF
Price / free cash flow per share
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.39
Primary signal (Novy-Marx).
3rd of 8 SIC 8200 peers
Return on equity
20.7%
Gross margin
37.8%
7th of 8 SIC 8200 peers
Revenue growth (YoY)
183.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
38.7%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.49
1st of 8 SIC 8200 peers (best = lowest)
Current ratio
5.94×
1st of 8 SIC 8200 peers
Quick ratio
5.62×
Net cash
$540.00M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$433.23M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.28
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.6%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.