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

$78.90-2.05(-0.03%)Market closed

Market Cap

$3.32B

P/E

9.8x

P/S

1.3x

P/B

2.0x

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

GoodMetricSide Score: 79/100

Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (19/25).

Profitability22/25

Growth19/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality19/25

Strengths

Strong marginsHigh ROERising earningsLow leverage

Valuation vs. 5-year range

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

P/E · 9.8x5y range 8.0x – 26.9x

Currently below its 20-quarter median.

P/S · 1.3x5y range 0.6x – 3.6x

Currently near its 18-quarter median.

P/B · 2.0x5y range 1.5x – 4.3x

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 $3.32B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $2.52B
Q. Revenue: $636.06M
TTM EBITDA: $577.33M
TTM Op. Income: $450.77M
Q. Op. Income: $105.85M
TTM Net Income: $338.19M
Q. Net Income: $81.39M
EPS: $1.934
Shares Out.: $42.09M

$2.52B in TTM revenue grew 4.7% YoY, reaching $636.06M last quarter. TTM EBITDA of $577.33M and TTM operating income of $450.77M show growth is flowing through to the bottom line. TTM net income of $338.19M means revenue is converting into profit. Over the past year, TTM revenue is up 5% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 34.2%
EBITDA Margin: 22.0%
Op. Margin: 16.6%
Net Margin: 12.8%

Op. margin of 16.6% is up 7.9% YoY — cost efficiency is improving. Net margin at 12.8% and gross margin of 34.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

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

P/E Ratio: 9.8x
P/S Ratio: 1.3x
P/B Ratio: 2.0x

At 9.8x P/E, the stock trades below typical market levels. P/S of 1.3x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 55% — an improving trend.

Assets & Liabilities

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

Total Assets: $2.44B
Cash: $754.50M
Long-Term Debt: $418.00M
Book Value: $1.63B
D/E Ratio: 0.3
Debt/EBITDA: 3.0

With $2.44B in assets and $418.00M in long-term debt, D/E is 0.3and book value is $1.63B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 9% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $316.85M
TTM Free Cash Flow: $433.23M
FCF Margin: 17.2%
FCF / Net Income: 1.3

TTM FCF of $433.23M on $316.85M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.