Stride, Inc. (LRN) Income Statement
LRN FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsLRN revenue and net income
Where LRN's revenue goes
FY2026Each bar shows an amount and its share of revenue. LRN kept 13.4% of revenue as net income.
LRN profit margins
LRN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.7% | +11.1% | +10.4% | +11.2% |
| Gross profit | +0.7% | +13.7% | +12.2% | +11.3% |
| Operating income | +25.2% | +39.7% | +32.5% | +41.6% |
| Net income | +17.5% | +38.7% | +36.5% | +43.7% |
| EPS (diluted) | +15.9% | +41.8% | +37.5% | +37.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LRN quarterly EPS vs estimates
Stride beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 20, 2026 (estimate $1.30).
LRN income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.41B | $2.04B | $1.84B | $1.69B | $1.54B | $1.04B | $1.02B | $917.7M | $888.5M |
| Cost of revenue | $1.57B | $1.46B | $1.28B | $1.19B | $1.09B | $1.00B | $693.2M | $663.4M | $592.5M | $557.3M |
| Gross profit | $950.6M | $943.9M | $763.6M | $647.1M | $596.5M | $534.9M | $347.5M | $352.3M | $325.2M | $331.2M |
| Research & development | — | $79.2M | $76.7M | $15.5M | $7.5M | $3.7M | $9.7M | $9.5M | $9.2M | $12.5M |
| Sales, general & admin | $499.8M | $485.5M | $376.2M | $384.8M | $439.8M | $398.6M | $279.2M | $268.0M | $290.4M | $305.6M |
| Total operating expenses | $499.8M | $583.8M | $514.0M | $481.6M | $439.8M | $424.4M | $315.1M | $306.8M | $299.7M | $318.1M |
| Operating income | $450.8M | $360.1M | $249.6M | $165.5M | $156.6M | $110.5M | $32.5M | $45.5M | $25.5M | $13.1M |
| Interest income | — | $10.5M | $8.8M | $8.4M | $8.3M | $18.0M | $698,000 | $2.8M | $965,000 | $1.8M |
| Interest expense | $11.8M | $10.5M | $8.8M | $8.4M | $8.3M | $18.0M | $590,000 | $2.2M | $965,000 | $1.8M |
| Income before taxes | $441.2M | $380.9M | $268.7M | $172.2M | $147.1M | $96.0M | $33.0M | $47.7M | $26.5M | $4.9M |
| Income taxes | $102.8M | $93.0M | $64.5M | $45.3M | $39.9M | $24.5M | $8.5M | $10.5M | −$910,000 | $5.4M |
| Net income | $338.2M | $287.9M | $204.2M | $126.9M | $107.1M | $71.5M | $24.5M | $37.2M | $27.6M | $451,000 |
| EBITDA | $579.5M | $508.4M | $386.2M | $291.3M | $254.5M | $203.4M | $104.5M | $116.9M | $100.8M | $87.4M |
| EPS (diluted) | $8.44 | $7.28 | $4.67 | $2.96 | $2.53 | $1.72 | $0.61 | $0.89 | $0.67 | $0.45 |
| Gross margin | 37.8% | 39.2% | 37.4% | 35.2% | 35.4% | 34.8% | 33.4% | 34.7% | 35.4% | 37.3% |
| Operating margin | 17.9% | 15.0% | 12.2% | 9.0% | 9.3% | 7.2% | 3.1% | 4.5% | 2.8% | 1.5% |
| Net margin | 13.4% | 12.0% | 10.0% | 6.9% | 6.4% | 4.6% | 2.4% | 3.7% | 3.0% | 0.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $636.1M | $629.9M | $631.3M | $620.9M | $653.6M | $613.4M | $587.2M | $551.1M | $534.2M | $520.8M | $504.9M | $480.2M |
| Cost of revenue | $418.8M | $398.3M | $371.6M | $378.8M | $414.7M | $364.1M | $347.4M | $335.2M | $346.0M | $319.5M | $303.7M | $307.3M |
| Gross profit | $217.3M | $231.6M | $259.6M | $242.1M | $238.9M | $249.3M | $239.9M | $215.9M | $188.2M | $201.3M | $201.2M | $172.9M |
| Research & development | — | — | — | — | $32.6M | — | — | — | $32.3M | $15.0M | $14.7M | $14.6M |
| Sales, general & admin | $111.4M | $102.5M | $112.8M | $173.1M | $107.3M | $118.5M | $114.8M | $168.5M | $18.0M | $113.0M | $116.9M | $169.6M |
| Total operating expenses | $111.4M | $102.5M | $112.8M | $173.1M | $182.1M | $118.5M | $114.8M | $168.5M | $114.5M | $113.0M | $116.9M | $169.6M |
| Operating income | $105.9M | $129.1M | $146.9M | $69.0M | $56.9M | $130.8M | $125.1M | $47.3M | $73.7M | $88.3M | $84.3M | $3.3M |
| Interest income | — | — | $2.8M | $3.1M | $2.7M | $2.8M | $2.7M | $2.4M | — | — | — | $2.1M |
| Interest expense | $2.9M | $3.0M | $2.8M | $3.1M | $2.7M | $2.8M | $2.7M | $2.4M | $2.3M | $2.4M | $2.0M | $2.1M |
| Income before taxes | $104.4M | $120.1M | $133.4M | $83.2M | $64.2M | $134.8M | $129.8M | $52.2M | $78.9M | $94.3M | $89.0M | $6.4M |
| Income taxes | $23.0M | $31.5M | $34.0M | $14.4M | $12.9M | $35.5M | $33.4M | $11.3M | $16.1M | $24.7M | $22.2M | $1.5M |
| Net income | $81.4M | $88.5M | $99.5M | $68.8M | $51.3M | $99.3M | $96.4M | $40.9M | $62.8M | $69.7M | $66.8M | $4.9M |
| EBITDA | $141.0M | $156.3M | $167.0M | $115.1M | $97.2M | $167.1M | $159.8M | $84.3M | $109.4M | $123.0M | $117.3M | $36.5M |
| EPS (diluted) | $2.12 | $2.30 | $2.50 | $1.52 | $2.29 | $2.02 | $2.03 | $0.94 | $1.42 | $1.60 | $1.54 | $0.11 |
| Gross margin | 34.2% | 36.8% | 41.1% | 39.0% | 36.6% | 40.6% | 40.8% | 39.2% | 35.2% | 38.7% | 39.8% | 36.0% |
| Operating margin | 16.6% | 20.5% | 23.3% | 11.1% | 8.7% | 21.3% | 21.3% | 8.6% | 13.8% | 17.0% | 16.7% | 0.7% |
| Net margin | 12.8% | 14.1% | 15.8% | 11.1% | 7.9% | 16.2% | 16.4% | 7.4% | 11.8% | 13.4% | 13.2% | 1.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LRN's financial statements (latest annual report filed August 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LRN financial results
In fiscal year 2026 (ended June 30, 2026), Stride reported revenue of $2.5 billion, up 4.7% from the year before. It had net income of $338.2 million (up 17.5%), a net profit margin of 13.4%. Diluted earnings per share came to $8.44. Over five years revenue grew at an average rate of 10.4% a year.
See the LRN stock overview for the latest quote and news, or the LRN chart for price history and technical indicators.
LRN income statement FAQ
What is Stride's annual revenue?
Stride reported total revenue of $2.5 billion for fiscal year 2026, which ended on June 30, 2026. That was up 4.7% from $2.4 billion the previous year.
Is Stride profitable?
Yes. Stride reported net income of $338.2 million in fiscal 2026, a net profit margin of 13.4%; its operating margin was 17.9%.
What is Stride's gross margin?
Stride's gross margin was 37.8% in fiscal 2026: for every $100 of revenue, Stride kept $38 after the direct cost of its products and services.
How fast is Stride growing?
Revenue grew 10.4% a year on average over the last five fiscal years, from $1.5 billion to $2.5 billion.
What are Stride's earnings per share?
Stride earned $8.44 per diluted share in fiscal 2026, compared with $7.28 a year earlier.
When will Stride report its next earnings?
Stride is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 after the market closes.
When does Stride's fiscal year end?
Stride's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 5, 2026.