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LRN Financials Stride, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 18.2% per year over the past 5 years.
  • Net income has grown faster than revenue (63.7% vs 18.2% per year).
  • Operating margin has expanded, at 15.0% in the latest year.
  • Free cash flow has grown 40.5% per year over the past 5 years.

Financial health

  • The company holds more cash ($782M) than total debt ($416M).
  • Total debt has grown slower than revenue (8.6% vs 18.2% per year).
  • Total debt is 0.9× EBITDA.
Revenue & net income
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 20% 39% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $216M $431M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $391M $782M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$217M $108M $433M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.4B $288M 39.2% 15.0% $431M $416M $782M
2024 $2.0B $204M 37.4% 12.2% $277M $415M $501M
2023 $1.8B $127M 35.2% 9.0% $199M $413M $411M
2022 $1.7B $107M 35.4% 9.3% $197M $411M $389M
2021 $1.5B $71M 34.8% 7.2% $131M $299M $386M
2020 $1.0B $25M 33.4% 3.1% $79M $212M
2019 $37M $136M $283M
2018 $28M $97M $231M
2017 $451000 $87M $231M
2016 $9M $117M $214M
2015 $11M $110M $196M
2014 $20M $196M
2013 $28M $181M
2012 $18M $145M
2011 $13M $193M

Valuation over time

How the market has priced LRN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 15.8 31.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.6 3.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is LRN growing its revenue and profit?

Over the past 5 years, Stride, Inc.'s revenue has grown 18.2% per year, and net income grown 63.7% per year. These are computed facts, not advice.

How much debt does LRN have?

As of FY2025, Stride, Inc. reported $416M of total debt against $782M of cash.

What is LRN's profit margin?

In FY2025, gross margin was 39.2%, operating margin 15.0%, and net margin 12.0%.

What is LRN's P/E ratio?

As of Jun '26, Stride, Inc. traded at a price-to-earnings ratio of about 12.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.