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LRN Financials Stride, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.4% per year over the past 5 years.
  • Net income has grown faster than revenue (36.5% vs 10.4% per year).
  • Operating margin has expanded, at 17.9% in the latest year.
  • Free cash flow has grown 27.1% per year over the past 5 years.

Financial health

  • The company holds more cash ($755M) than total debt ($418M).
  • Total debt has grown slower than revenue (6.9% vs 10.4% per year).
  • Total debt is 0.7× EBITDA.
Revenue & net income
$0 $1B $3B 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
0% 20% 39% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 10% 21% 2012 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
$0 $217M $433M 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $391M $782M 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$282M $76M $434M $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $2.5B $338M 37.8% 17.9% 20.7% 13.9% $433M $418M $755M
2025 $2.4B $288M 39.2% 15.0% 19.5% 12.6% $431M $416M $782M
2024 $2.0B $204M 37.4% 12.2% 17.4% 10.6% $277M $415M $501M
2023 $1.8B $127M 35.2% 9.0% 13.4% 7.2% $199M $413M $411M
2022 $1.7B $107M 35.4% 9.3% 13.2% 6.5% $197M $411M $389M
2021 $1.5B $71M 34.8% 7.2% 8.9% 4.5% $131M $299M $386M
2020 $1.0B $25M 33.4% 3.1% 3.6% 2.3% $79M — $212M
2019 — $37M — — 5.9% 4.5% $136M — $283M
2018 — $28M — — 4.7% 3.7% $97M — $231M
2017 — $451000 — — 0.1% 0.1% $87M — $231M
2016 — $9M — — 1.6% 1.2% $117M — $214M
2015 — $11M — — 2.0% 1.6% $110M — $196M
2014 — $20M — — 3.7% 2.8% — — $196M
2013 — $28M — — 5.3% 3.9% — — $181M
2012 — $18M — — 3.7% 2.7% — — $145M

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 15.6 31.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.6 3.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is LRN growing its revenue and profit?

Over the past 5 years, Stride, Inc.'s revenue has grown 10.4% per year, and net income grown 36.5% per year. These are computed facts, not advice.

How much debt does LRN have?

As of FY2026, Stride, Inc. reported $418M of total debt against $755M of cash.

What is LRN's profit margin?

In FY2026, gross margin was 37.8%, operating margin 17.9%, and net margin 13.4%.

What is LRN's P/E ratio?

Stride, Inc.'s P/E (TTM) is 9.52 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LRN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.