LRN

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Stride reports third quarter 2026 financial results

RESTON, Va., April 28, 2026 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation’s most successful technology-based education companies, today announced its results for the third quarter of fiscal year 2026 ended March 31, 2026.

Third Quarter Fiscal 2026 Highlights Compared to 2025

Revenue of $629.9 million, compared with $613.4 million Income from operations of $129.1 million, compared with $130.8 million Net income of $88.5 million, compared with $99.3 million Diluted net income per share of $1.93, compared with $2.02 Adjusted operating income of $140.4 million, compared with $141.7 million (1) Adjusted EBITDA of $171.3 million, compared with $168.3 million (1) Adjusted earnings per share of $2.30, compared with $2.33 (1)

Third Quarter Fiscal 2026 Summary Financial Metrics

Three Months Ended March 31, Change 2026/2025

2026 2025 $ %

(In thousands, except percentages and per share data)

Revenues$629,873 $613,376 $16,497 2.7%

Income from operations 129,080  130,786  (1,706) (1.3%)

Adjusted operating income (1) 140,424  141,744  (1,320) (0.9%)

Net income 88,527  99,346  (10,819) (10.9%)

Net income per share, diluted 1.93  2.02  (0.09) (4.5%)

Adjusted earnings per share (1) 2.30  2.33  (0.03) (1.3%)

EBITDA (1) 161,676  159,727  1,949 1.2%

Adjusted EBITDA (1) 171,250  168,275  2,975 1.8%

(1)  To supplement our financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we also present non-GAAP financial measures including adjusted operating income (loss), EBITDA, adjusted EBITDA, and adjusted earnings per share. Management believes that these additional measures provide useful information to investors relating to our financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below.

Nine Month Fiscal 2026 Highlights Compared to 2025

Revenue of $1,882.0 million, compared with $1,751.7 million Income from operations of $344.9 million, compared with $303.2 million Net income of $256.8 million, compared with $236.6 million Diluted net income per share of $5.39, compared with $4.95 Adjusted operating income of $380.6 million, compared with $335.7 million (1) Adjusted EBITDA of $467.8 million, compared with $412.6 million (1) Adjusted earnings per share of $6.22, compared with $5.83 (1)

Nine Month Fiscal 2026 Summary Financial Metrics

Nine Months Ended March 31, Change 2026/2025

2026 2025 $ %

(In thousands, except percentages and per share data)

Revenues$1,882,017 $1,751,670 $130,347 7.4%

Income from operations 344,915  303,229  41,686 13.7%

Adjusted operating income (1) 380,559  335,673  44,886 13.4%

Net income 256,804  236,621  20,183 8.5%

Net income per share, diluted 5.39  4.95  0.44 8.9%

Adjusted earnings per share (1) 6.22  5.83  0.39 6.7%

EBITDA (1) 437,698  387,699  49,999 12.9%

Adjusted EBITDA (1) 467,761  412,621  55,140 13.4%

Revenue Data

Three Months Ended      Nine Months Ended

March 31, Change 2026 / 2025 March 31, Change 2026 / 2025

2026 2025 $ % 2026  2025 $ %

(In thousands, except percentages)

General Education$357,463 $370,821 $(13,358) (3.6%) $1,061,976 $1,054,542 $7,434  0.7%

Career Learning

Middle - High School 259,520  223,868  35,652  15.9%  776,610  635,832  140,778  22.1%

Adult 12,890  18,687  (5,797) (31.0%)  43,431  61,296  (17,865) (29.1%)

Total Career Learning 272,410  242,555  29,855  12.3%  820,041  697,128  122,913  17.6%

Total Revenues$629,873 $613,376 $16,497  2.7% $1,882,017 $1,751,670 $130,347  7.4%

Enrollment and Revenue Per Enrollment Data

Third quarter enrollments were 244.5K, up 1.8% compared to 240.2K enrollments in the third quarter of fiscal year 2025. Of the total enrollments, 110.1K were Career Learning enrollments, up 11.6% compared to 98.7K Career Learning enrollments in the third quarter of fiscal 2025.

Enrollments only include those students in full service public or private programs where Stride provides a combination of curriculum, technology, and instructional and support services, inclusive of administrative support and may include enrollments for which Stride receives no public funding or revenue. Stride does not report enrollments for our Adult Learning business.

Revenue per enrollment for the third quarter was $2,485, up 2.9% compared to $2,415 in the third quarter of fiscal year 2025. General Education revenue per enrollment was $2,590, up 2.9% compared to the third quarter of fiscal year 2025, and Career Learning revenue per enrollment was $2,356, up 3.8%, compared to the third quarter of fiscal year 2025.

Cash Flow and Capital Allocation

As of March 31, 2026, the Company’s cash and cash equivalents and marketable securities totaled $856.0 million, compared with $1,011.4 million reported at June 30, 2025.

Capital expenditures for the three months ended March 31

Form 8-KFalse000115740800011574082026-01-272026-01-27iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  January 27, 2026

Stride, Inc. (Exact name of registrant as specified in its charter)

Delaware001-3388395-4774688 (State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.) 11720 Plaza America Drive, 9th Floor Reston, Virginia 20190 (Address of Principal Executive Offices) (Zip Code) (703) 483-7000 (Registrant's telephone number, including area code) NA (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.0001 par value per shareLRNNew York Stock Exchange (NYSE)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On January 27, 2026, Stride, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter fiscal year 2026 ended December 31, 2025. A copy of the Company’s press release is furnished herewith as Exhibit 99.1.

The information contained in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release regarding financial results for the quarter ended December 31, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Stride, Inc.

Date: January 27, 2026By: /s/ Greerson G. McMullen Greerson G. McMullen EVP, General Counsel & Secretary

Form 8-KFalse000115740800011574082025-10-282025-10-28iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  October 28, 2025

Stride, Inc. (Exact name of registrant as specified in its charter)

Delaware001-3388395-4774688 (State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.) 11720 Plaza America Drive, 9th Floor Reston, Virginia 20190 (Address of Principal Executive Offices) (Zip Code) (703) 483-7000 (Registrant's telephone number, including area code) NA (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.0001 par value per shareLRNNew York Stock Exchange (NYSE)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 28, 2025, Stride, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter fiscal year 2026 ended September 30, 2025. A copy of the Company’s press release is furnished herewith as Exhibit 99.1.

The information contained in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit No. Description

99.1 Press Release regarding financial results for the quarter ended September 30, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Stride, Inc.

Date: October 28, 2025By: /s/ Greerson G. McMullen Greerson G. McMullen EVP, General Counsel & Secretary