LRN on NYSE

Stride, Inc.

For-profit education company

Stride, Inc. (formerly K12 Inc.) is a for-profit education company that provides online and blended education programs. Stride, Inc. is an education management organization (EMO) that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade (hence its former name), as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.3 Its chief executive is James J. Rhyu.1 Its shares trade on NYSE under the symbol LRN.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$2.5BRevenue, fiscal 20265
$338.2MNet income, fiscal 20265
2000Founded1

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  • TickerLRN on NYSE1
  • Industryeducation industry, educational technology1
  • HeadquartersHerndon1
  • Websitewww.k12.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address11720 Plaza America Drive, 9Th Floor, Reston, Va 201906
  • Filer categoryLarge accelerated filer6
  • LEI254900BRWS3AFONWU2774
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 31501674

Stride, Inc. (formerly K12 Inc.) is a for-profit education company that provides online and blended education programs. Stride, Inc. is an education management organization (EMO) that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade (hence its former name), as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

37.8%Gross margin5
17.9%Operating margin5
13.4%Net margin5
4.7%Revenue growth, 20265
20.7%Return on equity5
0.26×Debt to equity5
$433.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

General Education brought in 44% of the revenue Stride, Inc. broke down this way in fiscal 2026.

  1. General Education$1.4B544%down 2% from 2025
  2. Middle - High School$1.0B533%up 19% from 2025
  3. Primary Obligor$683.6M521%up 3% from 2025
  4. Adult$56.6M52%down 30% from 2025
Products and services by year
Products and services202420252026
General Education$1.3B$1.4B$1.4B
Middle - High School$651.2M$876.3M$1.0B
Primary Obligor$576.4M$662.6M$683.6M
Adult$99.7M$80.4M$56.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue62¢$1.6B
  • Research and development1¢$22.0M
  • Selling, general and admin20¢$499.8M
  • Income tax4¢$102.8M
  • Profit13¢$338.2M

Out of $2.5B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending0¢$587.0K
  • Share buybacks43¢$188.7M
  • Kept or used elsewhere56¢$244.6M

Out of $433.8M of cash from operations.5

Financial statements

Revenue9101112135$2.5B in 2026+148% since 2019
0$1.0B$2.0B$3.0B2019: $1.0B$1.0B20192020: $1.0B$1.0B2020+2%2021: $1.5B$1.5B2021+48%2022: $1.7B$1.7B2022+10%2023: $1.8B$1.8B2023+9%2024: $2.0B$2.0B2024+11%2025: $2.4B$2.4B2025+18%2026: $2.5B$2.5B2026+5%
Gross profit9101112135$950.6M in 2026+170% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $352.3M$352.3M20192020: $347.5M$347.5M2020−1%2021: $534.9M$534.9M2021+54%2022: $596.5M$596.5M2022+12%2023: $647.1M$647.1M2023+8%2024: $763.6M$763.6M2024+18%2025: $943.9M$943.9M2025+24%2026: $950.6M$950.6M2026+1%
Operating income9101112135$450.8M in 2026+891% since 2019
0$200.0M$400.0M$600.0M2019: $45.5M$45.5M20192020: $32.5M$32.5M2020−29%2021: $110.5M$110.5M2021+240%2022: $156.6M$156.6M2022+42%2023: $165.5M$165.5M2023+6%2024: $249.6M$249.6M2024+51%2025: $360.1M$360.1M2025+44%2026: $450.8M$450.8M2026+25%
Net income9101112135$338.2M in 2026+809% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $37.2M$37.2M20192020: $24.5M$24.5M2020−34%2021: $71.5M$71.5M2021+192%2022: $107.1M$107.1M2022+50%2023: $126.9M$126.9M2023+18%2024: $204.2M$204.2M2024+61%2025: $287.9M$287.9M2025+41%2026: $338.2M$338.2M2026+17%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-06-302025-06-302024-06-30
Revenues$2.5B$2.4B$2.0B
Instructional costs and services$1.6B$1.5B$1.3B
Gross margin$950.6M$943.9M$763.6M
Selling, general, and administrative expenses$499.8M$524.3M$514.0M
Impairment of long-lived assets$59.5M
Income from operations$450.8M$360.1M$249.6M
Interest expense, net-$11.8M-$10.5M-$8.8M
Other income, net$2.2M$33.6M$26.9M
Income before income taxes and income (loss) from equity method investments$441.2M$383.2M$267.7M
Income tax expense-$102.8M-$93.0M-$64.5M
Income (loss) from equity method investments-$205.0K-$2.3M$977.0K
Net income attributable to common stockholders$338.2M$287.9M$204.2M
Basic (in dollars per share)$7.92$6.69$4.79
Diluted (in dollars per share)$7.14$5.95$4.69
Basic (in shares)42.7M shares43.0M shares42.6M shares
Diluted (in shares)47.3M shares48.4M shares43.5M shares

Compare Stride, Inc. with another company

Corporate structure

Stride, Inc. sits at the top of its group. 34 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Stride, Inc.

  • Stride, Inc. Reston, Virginia, United States
    • Big Universe, Inc. Subsidiary · Virginia, United States
    • Disguise the Learning, Inc. Subsidiary · Tennessee, United States
    • Fuel Education LLC Subsidiary · Delaware, United States
    • Galvanize Inc. Subsidiary · Delaware, United States
    • Gather Denver, LLC Subsidiary · Colorado, United States
    • Hack Reactor, LLC Subsidiary · Delaware, United States
    • K12 California L.L.C. Subsidiary · Delaware, United States
    • K12 Classroom L.L.C. Subsidiary · Delaware, United States
    • K12 Education (UK) Ltd. Subsidiary · United Kingdom
    • K12 Florida L.L.C. Subsidiary · Delaware, United States
    • K12 International GmbH Subsidiary · Switzerland
    • K12 International Holdings B.V. Subsidiary · Netherlands
    • K12 Management Inc. Subsidiary · Delaware, United States
    • K12 Services Inc. Subsidiary · Delaware, United States
    • K12 Tutoring, Inc. Subsidiary · Delaware, United States
    • K12 Virtual Schools L.L.C. Subsidiary · Delaware, United States
    • K12 Washington L.L.C. Subsidiary · Delaware, United States
    • LearnBop, LLC Subsidiary · Delaware, United States
    • Makersquare, LLC Subsidiary · Delaware, United States
    • MedCerts LLC Subsidiary · Delaware, United States
    • Middlebury Interactive Languages LLC Subsidiary · Delaware, United States
    • Modern Teacher LLC Subsidiary · Delaware, United States
    • Onsite Technology Solutions, LLC Subsidiary · Delaware, United States
    • Road2Teach, Inc. Subsidiary · Delaware, United States
    • Stride Enrichment Programs, Inc. Subsidiary · Delaware, United States
    • and 8 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Stride, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$276.1M5 Jun 30, 2026$323.8M5 Jun 30, 2025−14.7%
Property and equipment, before depreciation$254.1M5 Jun 30, 2026$204.3M5 Jun 30, 2025+24.4%
Accumulated depreciation$152.1M5 Jun 30, 2026$125.7M5 Jun 30, 2025+20.9%
Property and equipment, net$102.0M5 Jun 30, 2026$78.6M5 Jun 30, 2025+29.9%
Operating-lease assets (leased space)$7.3M5 Jun 30, 2026$16.0M5 Jun 30, 2025−54.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$754.5M5 Jun 30, 2026$782.5M5 Jun 30, 2025−3.6%
Marketable securities, current$203.5M5 Jun 30, 2026$202.8M5 Jun 30, 2025+0.4%
Debt securities held to maturity$279.8M5 Jun 30, 2026$228.9M5 Jun 30, 2025+22.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$246.7M5 Jun 30, 2026$246.7M5 Jun 30, 20250%
Intangible assets, net (excluding goodwill)$10.9M5 Jun 30, 2026$18.2M5 Jun 30, 2025−40.3%
Finite-lived intangibles, gross$130.8M5 Jun 30, 2026$130.8M5 Jun 30, 20250%
Accumulated amortization$119.9M5 Jun 30, 2026$112.6M5 Jun 30, 2025+6.5%
Finite-lived intangibles, net$10.9M5 Jun 30, 2026$18.2M5 Jun 30, 2025−40.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$38.2M5 Jun 30, 2026$37.6M5 Jun 30, 2025+1.8%

Properties, in its own words

Our headquarters is located in approximately 23,000 square feet of office space in Reston, Virginia. The facility is under a lease that expires in July 2033. In addition, we lease approximately 164,000 square feet in multiple locations throughout the United States under individual leases that expire between August 2026 and May 2031.

Item 2 of the 10-K filed Aug 5, 2026.17

The story

Finance

Ronald J. Packard, a former banker, founded the company in April 2000. Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who, along with the Milken Family Foundation, invested $10 million. Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital. It became a publicly traded company on December 13, 2007.

Leadership

William Bennett, Secretary of Education under Ronald Reagan was hired as the company's first chairman of the board, serving until 2005. In 2005, the Philadelphia Board of Education called for the termination of a $3M science curriculum contract with K12 after Bennett said, "if you wanted to reduce crime...you could abort every black baby in the country and your crime rate would go down. That would be an impossible, ridiculous, and morally reprehensible thing to do, but your crime rate would go down." Bennett subsequently resigned from the K12 board and his part-time position with K12. The contract was not revoked, but was not renewed at the end of the contract term. Founder Packard resigned in 2014 to start Pansophic Learning.

From Wikipedia’s article on Stride, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Stride, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Products and brands

Offerings

Education management

Stride, Inc. is a for-profit education management organization (EMO). In this sector, Stride does not operate physical schools, but provides online curriculum to homeschooled children and other schools. Stride was the largest EMO in the US in 2011–2012. Stride's for-profit rival EdisonLearning has also moved away from physical schoolhouses to virtual offerings.

Stride offers its online curriculum at three levels:

To states and districts as a homeschooling alternative to brick-and-mortar schools

To school districts as a supplement to classroom teaching

Read the full text

To parents individually as a private, online, homeschooling alternative

In 2015, 526 virtual schools in the United States enrolled 278,511 students. During the pandemic, enrollment in virtual schools nearly doubled. In the 2019–2020 school year, there were 477 virtual schools with 332,379 students in the U.S. In the 2021–2022 school year, there were 726 virtual schools in the U.S. enrolling 643,930 students.

Charter management

Stride competes with non-profit educational organizations known as charter management organizations (CMOs) that typically run brick-and-mortar schools. Other large non-profits are Imagine Schools (55 schools), KIPP (209 schools), and Cosmos. Multi-state EMOs and CMOs control about a third of the charter school market. K12 provides to online non-profit CMOs including Agora and Insight in Pennsylvania. The company manages state-funded virtual charter schools and hybrid schools in twenty-nine U.S. states and the District of Columbia. In 2015, Stride was CMO (and charter holder) for schools enrolling 44,559 students.

Branding

Stride, Inc. offers itself through a variety of brands.

State and district sponsored homeschooling

Stride develops identities for specific opportunities. In Union County, Tennessee, it has operated Tennessee Virtual Academy since 2011. In Pennsylvania, it operates Insight Pennsylvania Cyber Charter School.

Stride previously operated Hoosier Academy Virtual Charter School, an online K–12 charter school in Indiana started in 2009 that enrolled 3,681 students in the 2015–2016 school year. The school suffered from six successive years of "F" ratings, which nearly resulted in its closure in 2016. Later, the school was closed on June 30, 2018, after the school board voted not to renew the charter.

Private online K–12 schools

Stride, Inc. operates three online private schools: K12 Private Academy, George Washington University Online High School, and the Keystone School. In 2011, The George Washington University partnered with Stride to offer a full-time online private school accredited by the Middle States Association of Colleges and Schools commissions on Elementary and Secondary Schools.

Career learning

Stride, Inc. offers career and technical education programs at public schools, called Destinations Career Academies and Programs to students in grades 9–12.

In 2020, Stride expanded into the adult learning space with the acquisition of data science and software engineering bootcamp Galvanize. With the companies rebrand in November 2020, it was announced that they would acquire Tech Elevator, a computer coding bootcamp, and MedCerts, an online healthcare career training program.

Learning Solutions

In April 2014, Stride, Inc. established wholly owned subsidiary, Fuel Education. Fuel Education operated as a separate legal entity from Stride, Inc., and houses different personalized learning programs. The subsidiary has since rebranded as Learning Solutions.

From Wikipedia’s article on Stride, Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Big Universe, Inc. Virginia8
  • Disguise the Learning, Inc. Tennessee8
  • Fuel Education LLC Delaware8
  • Galvanize Inc. Delaware8
  • Gather Denver, LLC Colorado8
  • Hack Reactor, LLC Delaware8
  • K12 California L.L.C. Delaware8
  • K12 Classroom L.L.C. Delaware8
  • K12 Education (UK) Ltd. United Kingdom8
  • K12 Florida L.L.C. Delaware8
  • K12 International GmbH Switzerland8
  • K12 International Holdings B.V. Netherlands8
  • K12 Management Inc. Delaware8
  • K12 Services Inc. Delaware8
  • K12 Tutoring, Inc. Delaware8
  • K12 Virtual Schools L.L.C. Delaware8
  • K12 Washington L.L.C. Delaware8
  • LearnBop, LLC Delaware8
  • Makersquare, LLC Delaware8
  • MedCerts LLC Delaware8
  • Middlebury Interactive Languages LLC Delaware8
  • Modern Teacher LLC Delaware8
  • Onsite Technology Solutions, LLC Delaware8
  • Road2Teach, Inc. Delaware8
All 33 listed subsidiaries
  • Stride Enrichment Programs, Inc. Delaware8
  • Stride Learning Hub, Inc. Delaware8
  • Stride Learning Intelligence, Inc. Delaware8
  • Stride Learning, Inc. Delaware8
  • Stride Professional Development Platform, Inc. Delaware8
  • Stride Teaching Intelligence, Inc. Delaware8
  • Stride eSports, Inc. Delaware8
  • Tallo LLC Delaware8
  • Tech Elevator, Inc. Delaware8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • K12 INCJul 2, 2002 to Dec 15, 20206

Timeline

  1. Oct 9, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure67
  2. Aug 11, 2026New chief executive Robert E. Knowling Jr. becomes CEO18
  3. Aug 4, 20268-K Results of operations; Other events68
  4. Jul 30, 20268-K Results of operations; Executive or director change; Regulation FD disclosure69
  5. Apr 28, 20268-K Results of operations70
  6. Jan 27, 20268-K Results of operations71
  7. Dec 10, 20258-K Executive or director change; Shareholder vote72
  8. Nov 3, 20258-K Regulation FD disclosure; Other events73
  9. Oct 28, 20258-K Results of operations74
  10. Sep 19, 20258-K Executive or director change75
  11. Aug 5, 20258-K Results of operations76
  12. Apr 29, 20258-K Results of operations77
  13. Apr 18, 20258-K Executive or director change78
  14. Jan 26, 2021New chief executive James J. Rhyu becomes CEO1
  15. Feb 10, 2016New chief executive Stuart Udell becomes CEO20
  16. Dec 12, 2007New chief executive Ronald J. Packard becomes CEO21
  17. 2000Founded Founded1

Calendar

Coming up

  1. Oct 20, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.52 a share, on Oct 28, 2025.79

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results68
  2. Jul 30, 2026Reported quarterly or annual results69
  3. Apr 28, 2026Reported quarterly or annual results70
  4. Jan 27, 2026Reported quarterly or annual results71
  5. Oct 28, 2025Reported quarterly or annual results74
  6. Aug 5, 2025Reported quarterly or annual results76
  7. Apr 29, 2025Reported quarterly or annual results77
  8. Jan 28, 2025Reported quarterly or annual results80

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

345 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 222 insider forms, 24 large holders, 36 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Oct 8, 2026SCHEDULE 13G EDGAR
  3. Sep 22, 20264/A EDGAR
  4. Sep 18, 20264 EDGAR
  5. Sep 18, 20264 EDGAR
  6. Sep 16, 20264 EDGAR
  7. Sep 8, 20264 EDGAR
  8. Aug 27, 20264/A EDGAR
  9. Aug 27, 20264/A EDGAR
  10. Aug 27, 20264/A EDGAR
  11. Aug 20, 20264 EDGAR
  12. Aug 20, 20264 EDGAR
  13. Aug 18, 2026144 EDGAR
  14. Aug 11, 20264 EDGAR
  15. Aug 11, 20264 EDGAR
  16. Aug 11, 20264 EDGAR
  17. Aug 11, 20264 EDGAR
  18. Aug 5, 202610-K EDGAR
  19. Aug 4, 20268-K EDGAR
  20. Jul 31, 20264 EDGAR

The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 0 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2025Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale13,961$162.66$2.3MForm 4
Nov 7, 2024Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale5,683$98.72$561.0KForm 4
Nov 6, 2024Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale23,187$97.29$2.3MForm 4
Oct 25, 2024Goldthwaite ToddMANAGING DIRECTORSale8,028$91.54$734.9KForm 4
Dec 11, 2023COHEN ROBERTDirectorSale4,362$60.56$264.2KForm 4
Nov 21, 2023McFadden ElizaDirectorSale11,977$57.70$691.1KForm 4
Nov 7, 2023Ottolenghi LesCHIEF COMMERCIAL OFFICERSale6,150$56.42$347.0KForm 4
Oct 27, 2023Mathis VincentEVP, GENERAL COUNSELSale10,587$53.81$569.7KForm 4
Oct 25, 2023Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale25,000$50.56$1.3MForm 4
Jan 26, 2023Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale35,531$40.49$1.4MForm 4
Jan 25, 2023Mathis VincentEVP, GENERAL COUNSELSale8,160$40.65$331.7KForm 4
May 25, 2022Rhyu James JeahoCHIEF EXECUTIVE OFFICERSale43,423$38.81$1.7MForm 4
May 23, 2022Mathis VincentEVP, GENERAL COUNSELSale53,506$36.78$2.0MForm 4
Apr 29, 2022DAVIS NATHANIEL AEXECUTIVE CHAIRMANSale57,017$39.06$2.2MForm 4
Apr 28, 2022DAVIS NATHANIEL AEXECUTIVE CHAIRMANSale47,983$39.00$1.9MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James J. RhyuChief Executive Officer$1.0M$21.5M89
2025Donna BlackmanChief Financial Officer$625.0K$6.1M89
2025Greerson G. McMullen, Sr.Executive Vice President, General Counsel and Secretary$146.2K$2.0M89
2025Vincent W. MathisFormer Executive Vice President, General Counsel and Secretary$191.8K$1.9M89
2025Todd GoldthwaiteManaging Director, Portfolio Companies$400.0K$1.8M89
2024James J. RhyuChief Executive Officer$1.0M$15.6M89
2024Donna BlackmanChief Financial Officer$625.0K$5.5M89
2024Vincent W. MathisFormer Executive Vice President, General Counsel and Secretary$525.0K$3.1M89
2024Todd GoldthwaiteManaging Director, Portfolio Companies$400.0K$1.5M89
2023James J. RhyuChief Executive Officer$880.8K$9.7M89
2023Donna BlackmanChief Financial Officer$534.4K$3.8M89
2023Vincent W. MathisFormer Executive Vice President, General Counsel and Secretary$518.1K$2.6M89

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,439,716$555.4M0.0%+41,714
Vanguard Portfolio Management LLC2,373,668$204.7M0.0%+67,516
Jupiter Topco LLC2,315,672$199.7M0.1%New
Dimensional Fund Advisors LP1,915,428$165.2M0.0%+164,782
Vanguard Capital Management LLC1,839,059$158.6M0.0%+9,162
State Street Corp1,661,526$143.3M0.0%+51,360
Impactive Capital LP1,303,636$112.4M8.0%+190,269
Morgan Stanley1,296,291$111.8M0.0%+183,171
Frontier Capital Management Co LLC1,191,710$102.8M1.0%−357,581
Principal Financial Group Inc1,113,535$96.0M0.0%+79,488
Geode Capital Management, LLC1,104,032$95.2M0.0%+62,646
Swedbank AB972,874$83.9M0.1%No change
Voss Capital, LP885,605$76.4M3.8%+35,605
William Blair Investment Management, LLC823,698$71.0M0.2%New
Invesco Ltd.779,769$67.2M0.0%+87,512
Khrom Capital Management LLC750,166$64.7M5.4%No change
Fuller & Thaler Asset Management, Inc.745,346$64.3M0.2%+29,006
Deutsche Bank Ag\737,755$63.6M0.0%−27,251
Charles Schwab Investment Management Inc673,595$58.1M0.0%+27,733
American Century Companies Inc633,691$54.6M0.0%+611,877
Bank Of America Corp /de/572,235$49.3M0.0%−21,933
Norges Bank571,610$49.3M0.0%New
Fivespan Partners, LP553,151$47.7M11.2%New
UBS Group AG530,833$45.8M0.0%−65,354
Victory Capital Management Inc505,524$43.6M0.0%−150,695

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 4, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000−16.3%Report
Jan 5, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000+10.8%Report
Jan 5, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000+10.8%Report
Dec 18, 2025Markwayne Mullin, SenateSale$1,001 - $15,000−12.4%Report
Dec 18, 2025Markwayne Mullin, SenateSale$1,001 - $15,000−12.4%Report
Feb 3, 2025Markwayne Mullin, SenateBuy$1,001 - $15,000−68.7%Report
Jan 2, 2025Markwayne Mullin, SenateBuy$15,001 - $50,000−53.8%Report
Jan 2, 2025Markwayne Mullin, SenateBuy$15,001 - $50,000−53.8%Report
Dec 18, 2024Markwayne Mullin, SenateSale$15,001 - $50,000+52.6%Report
Dec 18, 2024Markwayne Mullin, SenateSale$1,001 - $15,000+52.6%Report
Jul 30, 2024Markwayne Mullin, SenateBuy$1,001 - $15,000−33.0%Report
Jul 30, 2024Markwayne Mullin, SenateBuy$1,001 - $15,000−33.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Stride, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStride, Inc.2
  • CIK0001157408
  • Employer ID (EIN)95-477468817
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsJune 302
  • Industry code (SIC)8200 Services-Educational Services2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address11720 Plaza America Drive, 9Th Floor, Reston, VA 201902
  • Phone70348370002
  • Shares outstanding41,559,845 shares as of Jul 31, 202617
  • Public float$2.0B as of Dec 31, 202517
  • AuditorKPMG LLP, McLean, Virginia PCAOB ID 185; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceJul 2, 20022
  • Filings1,740 in all: 4 (1,089), 8-K (191), SC 13G/A (73), 10-Q (56), 3 (56), 4/A (35), UPLOAD (27), CORRESP (26)2
    All 45 form types

    SC 13G (22), 10-K (19), DEF 14A (19), 144 (15), DEFA14A (14), 3/A (10), ARS (8), S-1/A (8), S-8 (7), REGDEX (6), SC 13D/A (6), SCHEDULE 13G (5), SCHEDULE 13G/A (5), 5 (4), S-8 POS (4), EFFECT (3), 10-K/A (2), 10-Q/A (2), 424B3 (2), 8-A12B (2), 8-K/A (2), PRE 14A (2), PRER14A (2), PX14A6G (2), REGDEX/A (2), S-1 (2), SC 13D (2), 25 (1), 424B4 (1), CERTNYS (1), CERTPAC (1), CT ORDER (1), D (1), FWP (1), NT 10-K (1), NT 10-Q (1), POS AM (1)

  • Latest filingsAnnual report (10-K) Aug 5, 2026
    Quarterly report (10-Q) Apr 29, 2026
    Proxy statement (DEF 14A) Oct 24, 2025
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valueLRNNYSE

From the cover page of the 10-K filed Aug 5, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Stride, Inc. names in Item 1A of its 10-K filed Aug 5, 2026: 48 risks under these headings, as written.17

  • Risks Related to Government Funding and Regulation of Public Education
  • The majority of our revenues come from our comprehensive school-as-a-service offering in both the General Education and Career Learning markets and depend on per pupil funding amounts and payment formulas remaining near the levels existing at the time we execute service agreements with the schools we serve. If those funding levels or formulas are materially reduced or modified due to economic conditions or political opposition, or new restrictions are adopted or payments delayed, our business, financial condition, results of operations and cash flows could be adversely affected.
  • Failure to comply with our contracts or regulatory requirements, poor academic performance, or such allegations, or actual or alleged misconduct by us or operators of other virtual public schools could tarnish the reputation of all the school operators in our industry, which could have a negative impact on our business or lead to punitive legislation.
  • Opponents of public charter schools, including virtual and blended, have sought to challenge the establishment and expansion of such schools through the judicial process. If these interests prevail, it could damage our ability to sustain or grow our current business or expand in certain jurisdictions.
  • Should we fail to comply with the laws and regulations applicable to our business, such failures could result in a loss of public funding and an obligation to repay funds previously received, which could adversely affect our business, financial condition and results of operations.
  • As an emerging form of public education with unique attributes, enabling legislation for online public schools is often ambiguous and subject to discrepancies in interpretation by regulatory authorities, which may lead to disputes over our ability to invoice and receive payments for services rendered.
  • The operation of virtual and blended public charter schools depends on the maintenance of the authorizing charter and compliance with applicable laws. If these charters are not renewed, our contracts with these schools would be terminated.
  • Actual or alleged misconduct by current or former directors, officers, key employees or officials could make it more difficult for us to enter into new contracts or renew existing contracts.
  • New laws or regulations could be enacted and negatively impact our operations and financial results.
  • Risks Related to Our Business and Our Industry
  • The schools we contract with and serve are governed by independent governing bodies that may shift their priorities or change objectives in ways that are adverse to us and to the students who attend the school programs we administer, or they may react negatively to acquisitions or other transactions.
  • Our contracts for a school-as-a-service offering are subject to periodic renewal, and each year, some of these agreements are set to expire. If we are unable to renew several such contracts or a single significant contract during a given year, our business, financial condition, results of operations and cash flow could be adversely affected.
The other 38 risks
  • If the schools we serve fail to enroll or re-enroll a sufficient number of students (including because we choose to limit enrollment), or we fail to enroll a significant number of students in the programs for adult learners, our business, financial condition and results of operations will be adversely affected.
  • The enrollment data we present is subject to certain limitations and may not fully capture trends in the performance of our business.
  • Because the independent governing authorities of our customers may shift priorities or incur new obligations which have financial consequences, we may be exposed to the risk of loss resulting from the nonpayment or nonperformance by our customers and our financial condition, results of operations and cash flows could suffer.
  • As we continue to refine our marketing efforts, and support the enrollment activities for our school-as-a-service offerings and adult learning programs, changes in our marketing efforts and enrollment activities could lead to a decline in overall enrollment at the schools we serve or at the adult learning programs we offer.
  • The student demographics of the schools we serve can lead to higher costs and affect our ability to sustain or grow our operating income.
  • If student performance falls, state accountability standards are not achieved, teachers or administrators tamper with state test scoring or graduation standards, or parent and student satisfaction declines, a significant number of students may not remain enrolled in a virtual or blended public school that we serve, charters may not be renewed, or enrollment caps could be put in place, or enrollment practices could be limited, and our business, financial condition, and results of operations will be adversely affected.
  • Compliance with curriculum standards and assessments for individual state determinations under the ESSA may create ongoing challenges to ensure that our curriculum products align with state requirements, which could possibly cause academic performance to decline and dissatisfaction by our school customers which could limit our growth and profitability.
  • Mergers, acquisitions and joint ventures present many risks, and we may not realize the financial and strategic goals that formed the basis for the transaction.
  • Our business could be negatively affected as a result of actions by activist stockholders, and such activism could impact the trading value of our securities and harm our business, financial condition and results of operations.
  • If market demand for online options in public schooling does not increase or continue or if additional states do not authorize or adequately fund virtual or blended public schools, our business, financial condition and results of operations could be adversely affected.
  • Increasing competition in the education industry sectors that we serve could lead to pricing pressures, reduced operating margins, loss of market share, departure of key employees and increased capital expenditures.
  • Regulatory frameworks on the accessibility of technology and curriculum are continually evolving due to legislative and administrative developments and the rapid evolution of technology, which could result in increased product development costs and compliance risks.
  • Our revenues from our school-as-a-service offerings are based in part on our estimate of the total funds each school will receive in a particular school year and our estimate of the full year expenses to be incurred by each school. As a result, differences between our quarterly estimates and the actual funds received and expenses incurred could have an adverse impact on our results of operations and cash flows.
  • Risks Related to Our Operations
  • We plan to continue to create new products, expand distribution channels and pilot innovative educational programs to enhance academic performance. If we are unable to effectively manage these initiatives or they fail to gain acceptance, our business, financial condition, results of operations and cash flows would be adversely affected.
  • Our business and the success of our learning systems are dependent on high-quality teachers and a sufficient number of trained and licensed staff. If we are not able to continue to recruit, train and retain quality certified teachers, our curriculum might not be effectively delivered to students, compromising their academic performance and our reputation. As a result, our brand, business and operating results may be adversely affected.
  • School teachers are subject to union organizing campaigns, and if the teachers employed by us or at the public schools we serve join a union, collective bargaining agreements negotiated with union representatives could result in higher operating expenses and the loss of management flexibility and innovation for which charter schools were created.
  • We rely on third-party service providers to host some of our solutions and any interruptions or delays in services from these third parties could impair the delivery of our products and harm our business.
  • We operate a complex Company-wide ERP system, and if it were to experience significant operating problems, it could adversely affect our business and results of operations.
  • The continued development of our product and service brands is important to our business. If we are not able to maintain and enhance these brands, our business and operating results may suffer.
  • Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products, services and brand.
  • Lawsuits against us alleging infringement of the intellectual property rights of others would be costly to defend, could require us to pay damages or royalty payments and could limit our ability or increase our costs to use certain technologies in the future.
  • We may be subject to legal liability or named as a party in legal proceedings resulting from the actions of third parties, including independent contractors, business partners, teachers, or employees, which could cause us to incur substantial costs and damage our reputation.
  • We operate in markets that are dependent on IT Systems and technological change. Failure to maintain and support customer-facing services, systems, and platforms, including addressing quality issues and execution on time of new products and enhancements, could negatively impact our revenues and reputation.
  • The failure to prevent a cybersecurity incident affecting our systems, including, but not limited to, disruption of services, could harm our reputation, decrease demand for our services and products, expose us to liability, penalties, and remedial costs, or otherwise adversely affect our financial performance.
  • We rely on the Internet to enroll students and to deliver our products and services and to market ourselves and schools that contract with us, all of which exposes us to a growing number of legal risks and increasing regulation.
  • Compliance with ever-evolving federal, state, and foreign laws and other requirements relating to the handling of information about individuals necessitates significant expenditure and resources, and any failure by us or our vendors to comply may result in significant liability, negative publicity, and/or an erosion of trust, which could materially adversely affect our business, financial condition and results of operations.
  • We utilize a single logistics vendor for the management, receiving, assembly and shipping of all of our learning kits and printed educational materials. In addition, we utilize the same vendor at a second location for the reclamation and redeployment of our student computers. This partnership depends upon execution on the part of both us and the vendor. Any material failure to execute properly for any reason, including damage or disruption to any of the vendor’s facilities, would have an adverse effect on our business, financial condition and results of operations.
  • Any significant interruption in the operation of AWS or Azure could cause a loss of data and disrupt our ability to manage our technological infrastructure.
  • We rely on third-party cloud infrastructure and related services to deliver and operate our platform and deliver our solutions, and any disruption, limitation, or change in these cloud services could adversely affect our business, results of operations and financial condition.
  • Scale and capacity limits on some of our technology, transaction processing systems and network hardware and software may be difficult to project and we may not be able to expand and upgrade our systems in a timely manner to meet significant unexpected increased demand.
  • Our efforts to expand capacity may not produce the operational and financial results for which those investments were intended.
  • We may be unable to keep pace with changes in our industry and advancements in technology as our business and market strategy evolves, including AI.
  • While working to capture the significant benefits of AI, we recognize that the technology is new and developing. Our introduction and use of AI may present business, compliance, and reputational challenges that could lead to operational
  • or reputational damage, competitive harm, legal and regulatory risk, and additional costs, any of which could materially and adversely affect our business, financial condition, and results of operations.
  • We may be unable to attract and retain key executives, skilled employees, and trained staff because our employees are located throughout the United States, we may incur additional compliance and litigation costs that could adversely impact our business, financial condition and our results of operations.
  • We may need additional capital in the future, but there is no assurance that funds will be available on acceptable terms.
  • We cannot guarantee that our stock repurchase program will be fully consummated or that it will enhance long-term stockholder value. Stock repurchases could also increase the volatility of the trading price of our stock and will diminish our cash reserves and increase our debt.
  • Changes in our effective tax rate and additional tax liabilities, including those related to our stock repurchases, and global tax developments may impact our financial results.

Legal proceedings

See Item 8 of Part II, “Financial Statements and Supplementary Data – Note 11 – Commitments and Contingencies - Litigation.”

The opening of Item 3, Legal Proceedings.17

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