CHARGED ALPHATMFrontier AI stock research

LRN · NYSE

Stride, Inc.

Education & Training Services · United States

USD 77.120.4% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$3.24B
Trailing P/E
10.64x
Forward P/E
8.02x
Quarterly revenue growth
3.0%
Trailing net margin
13.2%
Indicated dividend yield
—

Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2027-01-26 (provider estimate; issuer confirmation unavailable here).

Company background

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. 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.

Company website

Q1 FY2027

Go beyond the headline.

LRN Stock: EPS Rose — Did the Business Improve? | Q1 FY2027

Published 2026-10-21

Q1 FY2027 REPORT HIGHLIGHTS

What’s changed for LRN

Stride reported higher GAAP EPS while adjusted earnings and enrollment fell. We trace the compensation credit, seasonal cash and convertible obligations.

  1. Revenue growth did not mean enrollment growth.

    Revenue rose 3.0%, while average enrollment fell 2.5%. Higher revenue per enrollment and Career Learning mix carried the top line.

  2. A compensation credit changes the earnings story.

    GAAP operating profit rose 22.2%, but adjusted operating profit fell 3.1%. Reported stock-compensation expense was negative $7.4M; its specific cause is not established by the release.

  3. The denominator matters.

    GAAP net income fell 5.6%, yet GAAP EPS rose 3.6% as diluted shares fell. Adjusted EPS uses a separate capped-call-adjusted denominator and fell 9.9%.

  4. Cash improved without becoming positive.

    First-quarter operating cash used $124.8M. Receivables are seasonally high, and software investment plus finance-lease principal must still be funded.

  5. The latest $38 target is not for this issuer.

    The provider linked a CHYM / Stride Bank article to LRN. We reject it and label genuine older $94 and $125 LRN targets as stale observations.

Comparable businesses

LRN peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricLRNStride, Inc.Snapshot 2026-11-11Financial period: 2026-09-30MHMcGraw Hill, Inc.Snapshot 2026-11-11Financial period: 2026-09-30DAOYoudao, Inc.Snapshot 2026-11-11Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$3.24BUS$2.10BUS$2.34BUS$2.22Bn=2
Forward P/EProvider forward earnings estimate8.02x5.56x44.35x24.96xn=2
EV / EBITDAEnterprise value / trailing EBITDA5.68x7.75x——
Revenue growthLatest quarter vs prior-year quarter3.0%-5.5%3.5%-1.0%n=2
Operating marginLatest reported quarter18.4%15.9%4.3%10.1%n=2
Free cash flow yieldTrailing cash flow / market cap10.0%22.4%——
Net debt / EBITDANet debt / trailing EBITDA-0.32x4.15x3.12x3.63xn=2
Debt / equityTotal debt / positive book equity0.37x2.97x——
Trailing P/ETrailing twelve-month earnings10.64x30.42x102.11x66.26xn=2
Price / bookPrice / positive book equity per share1.91x2.39x——
EV / salesEnterprise value / trailing revenue1.19x2.13x——
Earnings growthLatest quarter vs prior-year quarter3.6%-20.9%——
Gross marginTrailing twelve months37.5%81.7%45.1%63.4%n=2
Net marginTrailing twelve months13.2%3.5%2.7%3.1%n=2
Return on equityProvider trailing return; positive equity only20.9%8.8%——
Free cash flow marginTrailing free cash flow / revenue12.8%22.6%——
Dividend yieldIndicated annual dividend / price————
Earnings payoutProvider trailing dividend payout0.0%0.0%0.0%0.0%n=2
Current ratioCurrent assets / current liabilities2.56x0.86x0.58x0.72xn=2
BetaProvider historical market sensitivity0.15—0.53—

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for LRN

All available reporting periods
Q1 FY20272026-10-21
Q1 20262026-04-29

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.