Stride (LRN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Stride

NYSE•Consumer Defensive•Education & Training Services

$75.05-0.66(-0.01%)Pre-market

Market Cap

$3.11B

P/E

9.3x

P/S

1.2x

P/B

1.9x

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.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (17/25).

Profitability22/25

Growth17/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.3x5y range 8.8x – 71.4x

Currently below its 20-quarter median.

P/S · 1.2x5y range 1.1x – 9.4x

Currently below its 19-quarter median.

P/B · 1.9x5y range 1.8x – 5.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $3.11B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.54B
Q. Revenue: $639.38M
TTM EBITDA: $598.31M
TTM Op. Income: $466.05M
Q. Op. Income: $84.27M
TTM Net Income: $334.31M
Q. Net Income: $64.92M
EPS: $1.57
Shares Out.: $41.48M

$2.54B in TTM revenue grew 2.5% YoY, reaching $639.38M last quarter. TTM EBITDA of $598.31M and TTM operating income of $466.05M show growth is flowing through to the bottom line. TTM net income of $334.31M means revenue is converting into profit. Over the past year, TTM revenue is up 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.7%
EBITDA Margin: 18.6%
Op. Margin: 13.2%
Net Margin: 10.2%

Op. margin of 13.2% is up 2.1% YoY — cost efficiency is improving. Net margin at 10.2% and gross margin of 37.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.3x
P/S Ratio: 1.2x
P/B Ratio: 1.9x

At 9.3x P/E, the stock trades below typical market levels. P/S of 1.2x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.53B
Cash: $547.75M
Long-Term Debt: $418.43M
Book Value: $1.67B
D/E Ratio: 0.3
Debt/EBITDA: 3.5

With $2.53B in assets and $418.43M in long-term debt, D/E is 0.3and book value is $1.67B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 8% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-124.79M
TTM Free Cash Flow: $504.52M
FCF Margin: 19.9%
FCF / Net Income: 1.5

TTM FCF of $504.52M on $-124.79M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.