Stride reports first quarter 2027 financial results

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Stride reports first quarter 2027 financial results

RESTON, Va., Oct. 20, 2026 (GLOBE NEWSWIRE) — Stride, Inc. (NYSE: LRN), one of the nation’s most successful technology-based education companies, today announced its results for the first quarter of fiscal year 2027 ended September 30, 2026.

First Quarter Fiscal 2027 Highlights Compared to 2026

• Revenue of $639.4 million, compared with $620.9 million

• Income from operations of $84.3 million, compared with $69.0 million

• Net income of $64.9 million, compared with $68.8 million

• Diluted net income per share of $1.45, compared with $1.40

• Adjusted operating income of $78.6 million, compared with $81.1 million (1)

• Adjusted EBITDA of $111.8 million, compared with $108.4 million (1)

• Adjusted earnings per share of $1.37, compared with $1.52 (1)

First Quarter Fiscal 2027 Summary Financial Metrics

(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.

Enrollment and Revenue Per Enrollment Data

First quarter enrollments averaged 241.4K, down (2.5)% compared to 247.7K enrollments in the first quarter of fiscal year 2026. Of the total enrollments, 112.2K were Career Learning enrollments, up 2.0% compared to 110.0K Career Learning enrollments in the first quarter of fiscal 2026.

Enrollments 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.