Stride, Inc. Reports 16.3% Revenue Growth to $587.2 Million in Latest Quarter

Stride, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $587.2 million for the three months ended December 31, 2024, a 16.3% increase from $504.9 million in the same period last year. For the six-month period, revenues totaled $1.138 billion, up 15.6% from $985 million in the prior year. The company attributed this growth to a 12.5% increase in enrollments in its General Education segment and a 30.9% rise in Career Learning enrollments. Net income attributable to common stockholders also saw a substantial rise, reaching $96.4 million for the quarter, compared to $66.8 million in the previous year, translating to a diluted earnings per share of $2.03, up from $1.54.

In terms of operational metrics, Stride reported total enrollments of 230,600 for the six months ended December 31, 2024, marking a 19.2% increase from the previous year. The company’s General Education and Career Learning segments contributed to this growth, with enrollments increasing by 12.5% and 30.9%, respectively. The company continues to expand its reach, providing services to 89 schools in 31 states and the District of Columbia in the General Education market, and 56 schools in 27 states for Career Learning.

The company also made strategic investments in its infrastructure, with total assets increasing to $2.071 billion as of December 31, 2024, up from $1.920 billion at the end of the previous fiscal year. This growth was supported by an increase in cash and cash equivalents, which rose to $515.1 million, and accounts receivable, which increased to $582.5 million. Stride's employee headcount also grew, reflecting its commitment to expanding its operational capabilities to support its growing customer base.

Looking ahead, Stride remains optimistic about its growth trajectory, driven by its comprehensive educational platform and increasing demand for online learning solutions. The company plans to continue investing in its curriculum and technology systems to enhance its offerings. Additionally, Stride is exploring potential acquisitions and strategic partnerships to further bolster its market position. The company’s management expressed confidence in its ability to sustain revenue growth and improve profitability, despite potential challenges posed by market conditions and competition.