Stride, Inc. (LRN) Stock

Stride, Inc. (LRN) is a Consumer Discretionary stock trading at $86.84 (as of 2026-07-24), with a market capitalization of $3.69B and a trailing P/E of 10.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Stride, Inc. provides online curriculum and related software systems and educational services used to attract, enroll, educate, track, and support learners. It serves K–12 organizations and students, offering virtual or blended school solutions and course and supplemental products, as well as career-focused learning programs for post-secondary learners in areas such as IT and healthcare.

Understand Stride, Inc.: how it makes money

Stride provides technology-based K-12 education services, including proprietary and third-party online curriculum and software systems, to help schools attract, enroll, educate, track student progress, and support students, generating revenue from those education programs and services.

Profitability is tightly linked to the mix of its K-12 revenue streams, with General Education and Career learning (middle and high) together driving most of revenue, while gross margin (36.8%) and operating margin (20.5%) determine how efficiently those program revenues convert into operating profit.

Revenue by segment (latest quarter)
General Ed	$0.4B
Career Learning (M-H)	$0.2B

Business quality (Solid): Segment revenue is the clearest operational signal in the provided facts, but the provided dataset does not include deeper operational metrics beyond revenue levels by program area.

Valuation: At 13× earnings, LRN trades 22% below the Personal Services average (17×). Note: one-time items can distort reported P/E.

Bull case

Technology-based K-12 offering: Stride provides proprietary and third-party online curriculum, software systems, and educational services that support virtual or blended public school needs, which can be a durable way to bundle education and technology support.
Meaningful operating profitability: For the latest period provided (2026-03-31), gross margin is 36.8% and operating margin is 20.5%, indicating the business converts program revenue into operating profit.

Bear case

Customer and use-case concentration: The company serves students primarily in kindergarten through 12th grade, so outcomes can be sensitive to changes affecting K-12 education buyers and program needs in the United States and internationally.
Revenue mix dependence: Revenue is concentrated in General Education and Career learning (middle and high), so shifts in demand or client adoption across these program areas could pressure results.

Valuation — source: SEC EDGAR (first-party)
Price	$86.84
Market Cap	$3.69B
P/E Ratio	10.4
EV / EBITDA	4.7
Price / Book	2.25
Price / Sales	1.48
FCF Yield	-1.4%
DCF Value (model)	$112.15
DCF Upside vs Price	29.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.41B
Net Margin	12.0%
Revenue Growth (YoY)	2.7%
EPS Growth (YoY)	-9.5%
FCF Growth (YoY)	-12.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	5.57 (safe)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	10.4
Sector P/E (Consumer Discretionary)	21.6
Industry P/E (Personal Services)	16.2
vs Sector	-51.9%
vs Industry	-36.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($564.11M)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Consumer Discretionary
Industry	Personal Services
CEO	James J. Rhyu
Employees	7,800
Country	US
IPO Date	2007-12-13

Related Companies (Business model: Closed-End Fund; 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.