LRN

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Stride reports fourth quarter and full year 2026 financial results

RESTON, Va., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation’s most successful technology-based education companies, today announced its results for the fourth quarter and full fiscal year ended June 30, 2026.

“I am pleased to lead Stride as we position the Company for its next chapter of growth,” said Robert Knowling, Stride Chief Executive Officer. “Building on Stride’s strong foundation, we will continue to prioritize investments in curriculum, technology and support services to improve student outcomes and drive growth and value creation. I look forward to working alongside our talented team and leveraging our full breadth of capabilities to reach Stride's full potential.”

Fiscal 2026 Highlights Compared to 2025

Revenue of $2,518.1 million, compared with $2,405.3 million Income from operations of $450.8 million, compared with $360.1 million Net income of $338.2 million, compared with $287.9 million Diluted net income per share of $7.14, compared with $5.95 Adjusted operating income of $498.4 million, compared with $466.2 million (1) Adjusted EBITDA of $617.6 million, compared with $571.0 million (1) Adjusted earnings per share of $8.33, compared with $8.10 (1) Repurchased approximately $188.7 million of common stock under the Company’s share repurchase authorization Share repurchase authorization extended through October 31, 2027

Fiscal 2026 Summary Financial Metrics

Year Ended June 30, Change 2026/2025

2026 2025 $ %

(In thousands, except percentages and per share data)

Revenues$2,518,081  $2,405,317  $112,764  4.7%

Income from operations 450,767   360,094   90,673  25.2%

Adjusted operating income (1) 498,373   466,233   32,140  6.9%

Net income 338,192   287,941   50,251  17.5%

Net income per share, diluted 7.14   5.95   1.19  20.0%

Adjusted earnings per share (1) 8.33   8.10   0.23  2.8%

EBITDA (1) 577,329   474,763   102,566  21.6%

Adjusted EBITDA (1) 617,584   571,035   46,549  8.2%

(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.

Fourth Quarter Fiscal 2026 Highlights Compared to 2025

Revenue of $636.1 million, compared with $653.6 million Income from operations of $105.9 million, compared with $56.9 million Net income of $81.4 million, compared with $51.3 million Diluted net income per share of $1.75, compared with $1.03 Adjusted operating income of $117.8 million, compared with $130.6 million (1) Adjusted EBITDA of $149.8 million, compared with $158.4 million (1) Adjusted earnings per share of $2.12, compared with $2.29 (1) Repurchased approximately $100 million of common stock under the Company’s share repurchase authorization Fourth Quarter Fiscal 2026 Summary Financial Metrics

Three Months Ended June 30, Change 2026/2025

2026 2025 $ %

(In thousands, except percentages and per share data)

Revenues$636,064  $653,647  $(17,583) (2.7%)

Income from operations 105,852   56,864   48,988  86.1%

Adjusted operating income (1) 117,814   130,558   (12,744) (9.8%)

Net income 81,388   51,320   30,068  58.6%

Net income per share, diluted 1.75   1.03   0.72  69.9%

Adjusted earnings per share (1) 2.12   2.29   (0.17) (7.4%)

EBITDA (1) 139,631   87,063   52,568  60.4%

Adjusted EBITDA (1) 149,823   158,413   (8,590) (5.4%)

Revenue Data

Three Months Ended      Year Ended

June 30, Change 2026 / 2025 June 30, Change 2026 / 2025

2026 2025 $ % 2026  2025 $ %

(In thousands, except percentages)

General Education$355,809 $394,134 $(38,325) (9.7%) $1,417,785 $1,448,676 $(30,891) (2.1%)

Career Learning

Middle - High School 267,116  240,455  26,661  11.1%  1,043,726  876,287  167,439  19.1%

Adult 13,139  19,058  (5,919) (31.1%)  56,570  80,354  (23,784) (29.6%)

Total Career Learning 280,255  259,513  20,742  8.0%  1,100,296  956,641  143,655  15.0%

Total Revenues$636,064 $653,647 $(17,583) (2.7%) $2,518,081 $2,405,317 $112,764  4.7%

Enrollment and Revenue Per Enrollment Data

Full year enrollments averaged 243.9K, up 4.2% compared to 234.0K enrollments in fiscal year 2025. Of the total enrollments, 109.7K were Career Learning enrollments, up 13.9% compared to 96.3K Career Learning enrollments in fiscal 2025.

Fourth quarter enrollments averaged 234.2K, down (0.5)% compared to 235.3K enrollments in the fourth quarter of fiscal year 2025. Of the total average enrollments, 106.4K were Career Learning enrollments, up 9.7% compared to 97.0K Career Learning

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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