Stride Inc (N:LRN)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 11720 PLAZA AMERICA DRIVE, 9TH FLOOR
RESTON VA 20190
Tel: N/A
Website: https://www.stridelearning.com
IR: See website
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Key People
James J. Rhyu
Chief Executive Officer, Director
Donna Blackman
Chief Financial Officer
Vincent W. Mathis
Executive Vice President, General Counsel, Secretary
Business Overview
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.
Financial Overview
For the six months ended 31 December 2023, Stride Inc revenues increased 11% to $985M. Net income increased from $28M to $71.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other income (expense), net increase from $5M to $11.7M (income), Income (loss) from equity method investm increase from $847K (losses) to $218K (earnings).
Employees: 7,800 as of Jun 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,869M as of Dec 31, 2023
Annual revenue (TTM): $1,939M as of Dec 31, 2023
EBITDA (TTM): $324.94M as of Dec 31, 2023
Net annual income (TTM): $170.55M as of Dec 31, 2023
Free cash flow (TTM): $158.36M as of Dec 31, 2023
Net Debt Last Fiscal Year: $123.21M as of Dec 31, 2023
Shares outstanding: 43,373,201 as of Jan 19, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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