Stride, Inc. (LRN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 629.87M | 631.26M | 620.88M | 653.65M | 613.38M | 587.21M | 551.08M | 534.18M | 520.84M | 504.87M | 480.18M | 483.49M | 470.28M | 458.44M | 425.15M | 455.21M | 421.72M | 409.51M | 400.23M | 397.51M |
| Revenue Growth % | 2.69% | 7.5% | 12.67% | 22.36% | 17.77% | 16.31% | 14.77% | 10.48% | 10.75% | 10.13% | 12.94% | 6.21% | 11.52% | 11.95% | 6.23% | 14.52% | 7.54% | 8.87% | 7.89% | 47.81% |
| Cost of Goods Sold | 398.31M | 371.63M | 378.76M | 414.73M | 364.09M | 347.35M | 335.23M | 345.97M | 319.51M | 303.69M | 307.29M | 311.41M | 295.03M | 288.35M | 295.5M | 287.53M | 266.88M | 261.95M | 273.82M | 260.91M |
| COGS % of Revenue | 63.24% | 58.87% | 61% | 63.45% | 59.36% | 59.15% | 60.83% | 64.77% | 61.35% | 60.15% | 64% | 64.41% | 62.73% | 62.9% | 69.51% | 63.17% | 63.28% | 63.97% | 68.42% | 65.64% |
| Gross Profit | 231.56M | 259.63M | 242.12M | 238.92M | 249.29M | 239.86M | 215.85M | 188.21M | 201.33M | 201.17M | 172.89M | 172.08M | 175.25M | 170.09M | 129.65M | 167.68M | 154.84M | 147.56M | 126.4M | 136.6M |
| Gross Margin % | 36.76% | 41.13% | 39% | 36.55% | 40.64% | 40.85% | 39.17% | 35.23% | 38.65% | 39.85% | 36% | 35.59% | 37.27% | 37.1% | 30.49% | 36.84% | 36.72% | 36.03% | 31.58% | 34.36% |
| Gross Profit Growth % | -7.11% | 8.24% | 12.17% | 26.94% | 23.82% | 19.23% | 24.85% | 9.37% | 14.88% | 18.28% | 33.35% | 2.63% | 13.18% | 15.27% | 2.57% | 22.75% | 11.38% | 14.04% | -2.69% | 49.3% |
| Operating Expenses | 102.48M | 112.78M | 173.14M | 182.05M | 118.5M | 114.76M | 168.51M | 114.53M | 113.02M | 116.89M | 169.57M | 118.14M | 103.05M | 102.02M | 158.37M | 121.58M | 94.25M | 90.64M | 119.42M | 115.21M |
| OpEx % of Revenue | 16.27% | 17.87% | 27.89% | 27.85% | 19.32% | 19.54% | 30.58% | 21.44% | 21.7% | 23.15% | 35.31% | 24.43% | 21.91% | 22.25% | 37.25% | 26.71% | 22.35% | 22.13% | 29.84% | 28.98% |
| Selling, General & Admin | 102.48M | 112.78M | 173.14M | 122.58M | 118.5M | 114.76M | 168.51M | 114.53M | 113.02M | 116.89M | 169.57M | 118.14M | 103.05M | 102.02M | 158.37M | 121.58M | 94.25M | 90.64M | 133.38M | 115.21M |
| SG&A % of Revenue | 16.27% | 17.87% | 27.89% | 18.75% | 19.32% | 19.54% | 30.58% | 21.44% | 21.7% | 23.15% | 35.31% | 24.43% | 21.91% | 22.25% | 37.25% | 26.71% | 22.35% | 22.13% | 33.33% | 28.98% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 |
| Operating Income | 129.08M | 146.85M | 68.98M | 56.87M | 130.79M | 125.1M | 47.34M | 73.68M | 88.31M | 84.29M | 3.32M | 53.95M | 72.2M | 68.07M | -28.72M | 46.1M | 60.59M | 56.91M | 6.98M | 21.39M |
| Operating Margin % | 20.49% | 23.26% | 11.11% | 8.7% | 21.32% | 21.3% | 8.59% | 13.79% | 16.96% | 16.7% | 0.69% | 11.16% | 15.35% | 14.85% | -6.75% | 10.13% | 14.37% | 13.9% | 1.74% | 5.38% |
| Operating Income Growth % | -1.3% | 17.39% | 45.71% | -22.82% | 48.09% | 48.42% | 1326.02% | 36.58% | 22.32% | 23.82% | 111.56% | 17.03% | 19.15% | 19.6% | -511.62% | 115.53% | 57.17% | 48.02% | -42.17% | 203.75% |
| EBITDA | 161.68M | 177.81M | 98.22M | 87.06M | 159.73M | 152.5M | 75.48M | 101.9M | 115.3M | 110.75M | 31.34M | 83.65M | 99.14M | 95.54M | -2.47M | 70.55M | 84.73M | 82.09M | 31.12M | 46.43M |
| EBITDA Margin % | 25.67% | 28.17% | 15.82% | 13.32% | 26.04% | 25.97% | 13.7% | 19.08% | 22.14% | 21.94% | 6.53% | 17.3% | 21.08% | 20.84% | -0.58% | 15.5% | 20.09% | 20.05% | 7.78% | 11.68% |
| EBITDA Growth % | 1.22% | 16.6% | 30.13% | -14.56% | 38.54% | 37.69% | 140.86% | 21.82% | 16.3% | 15.93% | 1369.73% | 18.57% | 17.01% | 16.37% | -107.93% | 51.95% | 36.33% | 33.24% | 2.58% | 76.24% |
| D&A (Non-Cash Add-back) | 32.6M | 30.95M | 29.23M | 30.2M | 28.94M | 27.39M | 28.13M | 28.22M | 26.98M | 26.46M | 28.02M | 29.7M | 26.94M | 27.46M | 26.25M | 24.45M | 24.14M | 25.18M | 24.15M | 25.04M |
| EBIT | 129.08M | 136.09M | 85.9M | 67.03M | 138.15M | 132.43M | 56.12M | 81.2M | 95.99M | 90.83M | 8.48M | 59.8M | 76.79M | 72.04M | -28.72M | 41.8M | 61.09M | 60.8M | -7.07M | 21.39M |
| Net Interest Income | -3M | -2.81M | -3.08M | -2.69M | -2.79M | -2.67M | -2.35M | -2.32M | -2.4M | -2.02M | -2.07M | -2.07M | -2.21M | -2.08M | -2.05M | -2.04M | -2.37M | -1.88M | -1.99M | -5.48M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3M | 2.81M | 3.08M | 2.69M | 2.79M | 2.67M | 2.35M | 2.32M | 2.4M | 2.02M | 2.07M | 2.07M | 2.21M | 2.08M | 2.05M | 2.04M | 2.37M | 1.88M | 1.99M | 5.48M |
| Other Income/Expense | -9.01M | -13.41M | 14.24M | 7.37M | 4.01M | 4.66M | 4.82M | 5.2M | 6.03M | 4.74M | 3.09M | 3.89M | 2.79M | 1.49M | -1.46M | -7.67M | -959K | 1.02M | -15.75M | -4.89M |
| Pretax Income | 120.17M | 133.44M | 83.22M | 64.24M | 134.8M | 129.76M | 52.16M | 78.88M | 94.34M | 89.03M | 6.41M | 57.84M | 74.99M | 69.56M | -30.18M | 38.43M | 59.63M | 57.93M | -8.78M | 16.49M |
| Pretax Margin % | 19.08% | 21.14% | 13.4% | 9.83% | 21.98% | 22.1% | 9.46% | 14.77% | 18.11% | 17.63% | 1.34% | 11.96% | 15.95% | 15.17% | -7.1% | 8.44% | 14.14% | 14.15% | -2.19% | 4.15% |
| Income Tax | 31.55M | 33.97M | 14.42M | 12.92M | 35.45M | 33.36M | 11.28M | 16.1M | 24.66M | 22.19M | 1.54M | 14.47M | 19.52M | 18.86M | -7.51M | 10.34M | 16.72M | 15.93M | -2.89M | 6M |
| Effective Tax Rate % | 26.25% | 25.45% | 17.33% | 20.11% | 26.3% | 25.71% | 21.62% | 20.41% | 26.14% | 24.93% | 23.95% | 25.01% | 26.04% | 27.11% | 24.87% | 26.9% | 28.03% | 27.49% | 32.96% | 36.37% |
| Net Income | 88.53M | 99.48M | 68.8M | 51.32M | 99.35M | 96.39M | 40.88M | 62.78M | 69.69M | 66.84M | 4.88M | 43.37M | 55.46M | 50.7M | -22.67M | 28.09M | 42.92M | 42M | -5.88M | 10.49M |
| Net Margin % | 14.05% | 15.76% | 11.08% | 7.85% | 16.2% | 16.42% | 7.42% | 11.75% | 13.38% | 13.24% | 1.02% | 8.97% | 11.79% | 11.06% | -5.33% | 6.17% | 10.18% | 10.26% | -1.47% | 2.64% |
| Net Income Growth % | -10.89% | 3.2% | 68.29% | -18.26% | 42.56% | 44.22% | 738.09% | 44.75% | 25.65% | 31.81% | 121.52% | 54.4% | 29.22% | 20.71% | -285.38% | 167.65% | 80.42% | 71.44% | -146.45% | 114.71% |
| Net Income (Continuing) | 88.53M | 99.48M | 68.8M | 51.32M | 99.35M | 96.4M | 40.88M | 62.78M | 69.69M | 66.84M | 4.88M | 43.37M | 55.46M | 50.7M | -22.67M | 28.09M | 42.92M | 42M | -5.88M | 10.49M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.87 | 2.12 | 1.40 | 1.03 | 2.02 | 2.03 | 0.94 | 1.42 | 1.60 | 1.54 | 0.11 | 1.01 | 1.30 | 1.19 | -0.54 | 0.66 | 1.02 | 1.00 | -0.15 | 0.25 |
| EPS Growth % | -7.43% | 4.43% | 48.94% | -27.46% | 26.25% | 31.82% | 754.55% | 40.59% | 23.08% | 29.41% | 120.37% | 53.03% | 27.45% | 19% | -260% | 164% | 78.95% | 66.67% | -150% | 108.33% |
| EPS (Basic) | 2.08 | 2.31 | 1.59 | 1.19 | 2.31 | 2.24 | 0.95 | 1.47 | 1.63 | 1.57 | 0.11 | 1.02 | 1.31 | 1.20 | -0.54 | 0.67 | 1.03 | 1.01 | -0.14 | 0.26 |
| Diluted Shares Outstanding | 47.61M | 46.86M | 49.22M | 49.77M | 49.18M | 47.46M | 43.71M | 44.25M | 43.66M | 43.46M | 42.98M | 42.85M | 42.71M | 42.55M | 42.08M | 42.57M | 42.14M | 41.96M | 40.56M | 42.25M |
| Basic Shares Outstanding | 42.93M | 43.07M | 43.37M | 43.04M | 43.09M | 43.02M | 42.87M | 44.29M | 42.68M | 42.56M | 42.5M | 42.43M | 42.38M | 42.26M | 42.08M | 41.9M | 41.82M | 41.53M | 41.78M | 40.41M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |