Stride, Inc. (LRN) Balance Sheet
LRN balance sheet, FY2026
June 30, 2026 · U.S. dollars$2.44B assets = $803.2M liabilities + $1.63B equity
Both columns are drawn to the same scale: what LRN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LRN financial health
Current ratio5.94
Comfortable · current assets cover current liabilities 5.94×
Debt / equity0.33
Low leverage · $0.33 of debt for each $1 of equity
Equity / assets67.0%
Equity-funded · of assets funded by shareholders
Cash / debt175.5%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles16.8%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
LRN balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $735.3MFY2017 | $2.44BFY2026 | +14.2%/yr | |
| Total liabilities | $160.9MFY2017 | $803.2MFY2026 | +19.6%/yr | |
| Shareholders’ equity | $574.3MFY2017 | $1.63BFY2026 | +12.3%/yr | |
| Cash & short-term investments | $230.9MFY2017 | $958.0MFY2026 | +17.1%/yr | |
| Total debt | $21.9MFY2017 | $546.0MFY2026 | +42.9%/yr | |
| Net cash (debt) | $209.0MFY2017 | $412.0MFY2026 | +$203.1M | |
| Working capital | $355.8MFY2017 | $1.43BFY2026 | +$1.1B | |
| Book value per share | $14.54FY2017 | $34.49FY2026 | +10.1%/yr | |
| Current ratio | 4.02FY2017 | 5.94FY2026 | +1.92 | |
| Debt / equity | 0.04FY2017 | 0.33FY2026 | +0.30 | |
| Shares outstanding | 39.5MFY2017 | 47.3MFY2026 | +2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LRN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
LRN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
LRN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LRN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $958.0M | $985.3M | $692.3M | $522.7M | $389.4M | $386.1M | $212.3M | $283.1M | $231.1M | $230.9M |
| Cash & equivalents | $754.5M | $782.5M | $500.6M | $410.8M | $389.4M | $386.1M | $212.3M | $283.1M | $231.1M | $230.9M |
| Short-term investments | $203.5M | $202.8M | $191.7M | $111.9M | $63.0M | $17.3M | — | — | $0 | $10.0M |
| Receivables | $664.8M | $559.6M | $472.8M | $463.7M | $418.6M | $369.3M | $236.1M | $191.6M | $176.3M | $192.2M |
| Inventory | $38.2M | $37.6M | $36.7M | $36.7M | $36.0M | $39.7M | $28.3M | $29.9M | $25.9M | $30.5M |
| Other current assets | $55.1M | $50.3M | $43.7M | $42.0M | $106.6M | $62.5M | $24.5M | $24.9M | $20.7M | $20.0M |
| Total current assets | $1.72B | $1.63B | $1.25B | $1.07B | $950.5M | $857.5M | $501.3M | $529.7M | $454.0M | $473.6M |
| Property, plant & equipment (net) | $102.0M | $94.5M | $105.4M | $121.8M | $147.0M | $166.7M | $150.4M | $32.0M | $28.9M | $26.3M |
| Goodwill & intangible assets | $409.5M | $398.8M | $442.2M | $455.7M | $452.1M | $447.5M | $349.8M | $209.7M | $217.2M | $229.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $207.9M | $167.9M | $127.5M | $117.9M | $93.9M | $105.5M | $71.8M | $48.3M | $41.8M | $6.1M |
| Total assets | $2.44B | $2.29B | $1.92B | $1.76B | $1.64B | $1.58B | $1.07B | $819.6M | $742.0M | $735.3M |
| Liabilities | ||||||||||
| Accounts payable | $46.7M | $44.0M | $41.0M | $48.9M | $62.0M | $62.1M | $40.4M | $50.5M | $29.4M | $30.1M |
| Short-term debt | $63.2M | $53.7M | $41.9M | $50.1M | $50.2M | $48.0M | $134.0M | $19.6M | $13.4M | $11.9M |
| Deferred revenue | $20.6M | $27.0M | $35.7M | $76.2M | $53.6M | $38.1M | $24.4M | $22.8M | $23.1M | $24.8M |
| Total current liabilities | $288.9M | $302.9M | $244.3M | $309.1M | $302.1M | $306.2M | $273.4M | $155.6M | $116.2M | $117.8M |
| Long-term debt | $418.0M | $460.9M | $441.1M | $413.0M | $411.4M | $299.3M | $4.6M | $5.1M | $12.7M | $10.0M |
| Lease obligations | $128.0M | $133.4M | $113.5M | $130.8M | $154.2M | $167.0M | $135.2M | $5.1M | $12.7M | $10.0M |
| Other long-term liabilities | $96.4M | $50.6M | $59.0M | $91.2M | $117.5M | $167.1M | $119.9M | $25.6M | $25.9M | $33.2M |
| Total liabilities | $803.2M | $814.3M | $744.4M | $813.4M | $831.0M | $772.6M | $397.9M | $186.2M | $154.8M | $160.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $690.5M |
| Retained earnings (deficit) | $1.18B | $846.5M | $558.5M | $354.3M | $227.5M | $112.2M | $47.0M | $22.4M | −$13.4M | −$41.0M |
| Treasury stock | — | — | — | −$102.5M | −$102.5M | −$102.5M | −$102.5M | −$102.5M | −$102.5M | −$75.0M |
| Accumulated other comprehensive income | −$59,000 | −$67,000 | −$42,000 | −$35,000 | $143,000 | −$474,000 | $93,000 | −$40,000 | −$252,000 | −$170,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.63B | $1.48B | $1.18B | $947.3M | $812.6M | $804.6M | $675.3M | $633.4M | $587.2M | $574.3M |
| Key figures | ||||||||||
| Total debt | $546.0M | $549.8M | $528.2M | $543.8M | $565.7M | $466.3M | $235.2M | $24.6M | $26.0M | $21.9M |
| Net cash (debt) | $412.0M | $435.5M | $164.1M | −$21.1M | −$176.3M | −$80.2M | −$22.9M | $258.5M | $205.1M | $209.0M |
| Working capital | $1.43B | $1.33B | $1.00B | $756.1M | $648.5M | $551.3M | $227.9M | $374.1M | $337.8M | $355.8M |
| Tangible book value | $1.22B | $1.08B | $733.9M | $491.6M | $360.5M | $357.1M | $325.5M | $423.7M | $369.9M | $345.0M |
| Book value per share | $34.49 | $30.56 | $27.01 | $22.17 | $19.15 | $19.22 | $16.61 | $15.47 | $14.45 | $14.54 |
| Shares outstanding | 47.3M | 48.4M | 43.5M | 42.7M | 42.4M | 41.9M | 40.7M | 40.9M | 40.6M | 39.5M |
| Current ratio | 5.94 | 5.39 | 5.10 | 3.45 | 3.15 | 2.80 | 1.83 | 3.40 | 3.91 | 4.02 |
| Quick ratio | 5.62 | 5.10 | 4.77 | 3.19 | 2.67 | 2.47 | 1.64 | 3.05 | 3.51 | 3.59 |
| Debt / equity | 0.33 | 0.37 | 0.45 | 0.57 | 0.70 | 0.58 | 0.35 | 0.04 | 0.04 | 0.04 |
| Equity / assets | 67.0% | 64.5% | 61.2% | 53.8% | 49.4% | 51.0% | 62.9% | 77.3% | 79.1% | 78.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $958.0M | $805.8M | $625.7M | $715.1M | $985.3M | $723.7M | $717.5M | $522.2M | $692.3M | $376.6M | $354.4M | $254.6M |
| Cash & equivalents | $754.5M | $614.0M | $497.1M | $518.4M | $782.5M | $528.5M | $515.0M | $317.8M | $500.6M | $376.6M | $354.4M | $254.6M |
| Short-term investments | $203.5M | $191.8M | $128.6M | $196.7M | $202.8M | $195.1M | $202.4M | $204.5M | $191.7M | $174.9M | $151.2M | $105.3M |
| Receivables | $664.8M | $854.9M | $869.0M | $809.3M | $559.6M | $699.8M | $582.5M | $675.7M | $472.8M | $577.8M | $509.6M | $629.6M |
| Inventory | $38.2M | $21.5M | $17.9M | $19.8M | $37.6M | $22.4M | $20.7M | $22.3M | $36.7M | $21.0M | $19.5M | $21.8M |
| Other current assets | $55.1M | $76.6M | $87.7M | $105.9M | $50.3M | $67.1M | $67.7M | $71.1M | $43.7M | $233.7M | $205.3M | $174.3M |
| Total current assets | $1.72B | $1.76B | $1.60B | $1.65B | $1.63B | $1.51B | $1.39B | $1.29B | $1.25B | $1.21B | $1.09B | $1.08B |
| Property, plant & equipment (net) | $102.0M | $111.1M | $118.4M | $113.0M | $94.5M | $134.5M | $133.2M | $136.4M | $105.4M | $114.9M | $121.2M | $125.7M |
| Goodwill & intangible assets | $409.5M | $404.4M | $401.2M | $398.8M | $398.8M | $432.2M | $432.9M | $434.3M | $442.2M | $446.1M | $447.2M | $450.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $207.9M | $172.6M | $186.6M | $171.2M | $167.9M | $128.2M | $116.1M | $109.9M | $127.5M | $122.0M | $124.9M | $111.1M |
| Total assets | $2.44B | $2.45B | $2.31B | $2.33B | $2.29B | $2.21B | $2.07B | $1.97B | $1.92B | $1.89B | $1.78B | $1.77B |
| Liabilities | ||||||||||||
| Accounts payable | $46.7M | $45.1M | $45.7M | $55.6M | $44.0M | $40.2M | $30.9M | $50.1M | $41.0M | $37.2M | $31.3M | $74.6M |
| Short-term debt | $63.2M | $61.7M | $62.5M | $65.8M | $53.7M | $56.3M | $55.8M | $51.8M | $41.9M | $43.8M | $45.9M | $49.8M |
| Deferred revenue | $20.6M | $19.1M | $5.1M | $18.8M | $27.0M | $32.9M | $16.8M | $32.3M | $35.7M | $70.9M | $64.2M | $83.9M |
| Total current liabilities | $288.9M | $283.2M | $220.1M | $243.6M | $302.9M | $269.6M | $230.7M | $230.7M | $244.3M | $282.0M | $240.9M | $299.1M |
| Long-term debt | $418.0M | $417.6M | $483.2M | $486.5M | $460.9M | $468.7M | $466.3M | $466.1M | $414.7M | $414.3M | $413.9M | $443.1M |
| Lease obligations | $128.0M | $129.8M | $139.1M | $171.3M | $133.4M | $145.9M | $145.7M | $145.1M | $113.5M | $122.2M | $128.1M | $134.4M |
| Other long-term liabilities | $96.4M | $104.3M | $55.4M | $75.7M | $50.6M | $52.3M | $55.8M | $60.9M | $85.5M | $92.8M | $94.7M | $66.9M |
| Total liabilities | $803.2M | $805.0M | $758.7M | $805.7M | $814.3M | $790.6M | $752.7M | $757.6M | $744.4M | $789.0M | $749.5M | $809.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | $1.18B | $1.10B | $1.01B | $915.3M | $846.5M | $795.1M | $695.8M | $599.4M | $558.5M | $495.7M | $426.0M | $359.2M |
| Accumulated other comprehensive income | −$59,000 | −$59,000 | −$63,000 | −$64,000 | −$67,000 | −$50,000 | −$43,000 | −$58,000 | −$42,000 | −$42,000 | −$44,000 | −$35,000 |
| Total shareholders' equity | $1.63B | $1.64B | $1.55B | $1.53B | $1.48B | $1.42B | $1.32B | $1.21B | $1.18B | $1.10B | $1.03B | $958.5M |
| Key figures | ||||||||||||
| Total debt | $546.0M | $547.4M | $556.3M | $588.0M | $549.8M | $561.8M | $561.2M | $560.2M | $528.2M | $536.5M | $542.0M | $547.9M |
| Net cash (debt) | $412.0M | $258.4M | $69.4M | $127.1M | $435.5M | $161.9M | $156.2M | −$37.9M | $164.1M | −$159.9M | −$187.6M | −$293.2M |
| Working capital | $1.43B | $1.48B | $1.38B | $1.41B | $1.33B | $1.24B | $1.16B | $1.06B | $1.00B | $927.1M | $848.0M | $781.1M |
| Tangible book value | $1.22B | $1.24B | $1.15B | $1.13B | $1.08B | $985.1M | $885.2M | $780.0M | $733.9M | $657.1M | $585.5M | $507.9M |
| Book value per share | $34.49 | $34.49 | $33.03 | $31.03 | $29.73 | $28.82 | $27.77 | $27.78 | $26.58 | $25.27 | $23.76 | $22.30 |
| Shares outstanding | 47.3M | 47.6M | 46.9M | 49.2M | 49.8M | 49.2M | 47.5M | 43.7M | 44.2M | 43.7M | 43.5M | 43.0M |
| Current ratio | 5.94 | 6.21 | 7.27 | 6.77 | 5.39 | 5.61 | 6.02 | 5.60 | 5.10 | 4.29 | 4.52 | 3.61 |
| Quick ratio | 5.62 | 5.86 | 6.79 | 6.26 | 5.10 | 5.28 | 5.64 | 5.19 | 4.77 | 3.38 | 3.59 | 2.96 |
| Debt / equity | 0.33 | 0.33 | 0.36 | 0.38 | 0.37 | 0.40 | 0.43 | 0.46 | 0.45 | 0.49 | 0.52 | 0.57 |
| Equity / assets | 67.0% | 67.1% | 67.1% | 65.5% | 64.5% | 64.2% | 63.7% | 61.6% | 61.2% | 58.3% | 57.9% | 54.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 5, 2026); data from EODHD.
LRN financial position
At the end of fiscal 2026 (June 30, 2026), Stride had total assets of $2.4 billion (up 6.2% from a year earlier), total liabilities of $803.2 million and shareholders' equity of $1.6 billion. It held $958.0 million in cash and short-term investments against $546.0 million of debt, a net cash position of $412.0 million. Its current ratio was 5.94.
Related: LRN income statement, LRN cash flow statement, LRN key metrics. See the LRN stock overview for the latest quote and news.
LRN balance sheet FAQ
What are Stride's total assets?
Stride reported total assets of $2.4 billion at the end of fiscal 2026 (June 30, 2026), compared with $2.3 billion a year earlier.
How much debt does Stride have?
Stride had $546.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Stride have?
Stride held $958.0 million in cash and short-term investments at the end of fiscal 2026; with $546.0 million of debt that is net cash of $412.0 million.
What is Stride's book value?
Stride's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2026, or $34.49 per share.
What is Stride's current ratio?
Stride had current assets of $1.7 billion and current liabilities of $288.9 million, a current ratio of 5.94 (it can cover its short-term obligations).
How much goodwill does Stride have?
Stride carried $409.5 million of goodwill and intangible assets, 16.8% of total assets, at the end of fiscal 2026.