Stride, Inc. Reports 17.8% Revenue Growth to $613.4 Million in Latest Quarter

Stride, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $613.4 million for the three months ended March 31, 2025, a 17.8% increase from $520.8 million in the same period last year. For the nine months ending March 31, 2025, total revenues were $1.75 billion, up 16.3% from $1.51 billion in the prior year. The company attributed this growth to a 20% increase in total enrollments, which rose to 233,500, driven by both its General Education and Career Learning segments. Net income attributable to common stockholders also saw a notable increase, rising to $99.3 million, or $2.31 per share, compared to $69.7 million, or $1.63 per share, in the previous year.

In terms of operational metrics, Stride's General Education revenues increased by 12.7% to $370.8 million, while Career Learning revenues surged by 26.4% to $242.6 million. The company reported that the increase in Career Learning revenues was primarily due to a 33.7% rise in enrollments. Stride's instructional costs and services expenses rose to $364.1 million, reflecting a 14% increase, largely due to hiring and salary increases. However, the company's gross margin improved to 40.6%, up from 38.7% a year earlier, indicating enhanced operational efficiency.

Stride has also made strategic investments in its product offerings, focusing on expanding its curriculum and technology systems to support its educational platform. The company continues to enhance its school-as-a-service model, which provides comprehensive solutions to public and private schools, and has expanded its reach to 89 schools in 31 states for General Education and 56 schools in 27 states for Career Learning. The company’s total assets increased to $2.21 billion as of March 31, 2025, compared to $1.92 billion at the end of the previous fiscal year, reflecting its ongoing growth and investment in educational resources.

Looking ahead, Stride's management expressed optimism about future growth, citing the potential for continued enrollment increases and the expansion of its service offerings. The company plans to leverage its strong cash position, with cash and cash equivalents totaling $528.5 million, to support ongoing operations and potential strategic acquisitions. Stride's leadership remains focused on enhancing its educational platform and adapting to market demands, which they believe will drive further revenue growth in the coming quarters.