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Education & training · Consumer Defensive · Fiscal year ends Jun 30
Stride reported revenue of $2.5B in the fiscal year ended Jun 2026, up 4.7% from the year before. Operating income was $451M, an operating margin of 17.9%, and net income was $338M. Operating cash flow of $434M less capital expenditure of $587,000 left free cash flow of $433M. It held more cash than debt (net cash $337M).
Ranks among the 9 education & training companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,687 | 1,837 | 2,040 | 2,405 | 2,518 |
| Cost of revenue | 1,090 | 1,190 | 1,276 | 1,461 | 1,567 |
| Gross profit | 596 | 647 | 764 | 944 | 951 |
| Research & development | 7.5 | 15.5 | 16.7 | 16.6 | 22.0 |
| Selling, general & admin | 440 | 482 | 514 | 524 | 500 |
| Operating income | 157 | 165 | 250 | 360 | 451 |
| Pre-tax income | 147 | 172 | 269 | 381 | 441 |
| Income tax | 40.1 | 45.3 | 64.5 | 93.0 | 103 |
| Net income | 107 | 127 | 204 | 288 | 338 |
| Diluted EPS | 2.52 | 2.97 | 4.69 | 5.95 | 7.14 |
| Diluted shares | 42.4 | 42.7 | 43.5 | 48.4 | 47.3 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 389 | 411 | 501 | 782 | 755 |
| Receivables | 419 | 464 | 473 | 560 | 665 |
| Inventory | 36.0 | 36.7 | 36.7 | 37.6 | 38.3 |
| Current assets | 951 | 1,065 | 1,245 | 1,633 | 1,716 |
| Net PP&E | 61.5 | 52.3 | 50.9 | 78.6 | 102 |
| Goodwill | 241 | 247 | 247 | 247 | 247 |
| Total assets | 1,644 | 1,761 | 1,920 | 2,294 | 2,436 |
| Payables | 62.0 | 48.9 | 41.0 | 44.0 | 46.7 |
| Deferred revenue | 53.6 | 76.2 | 35.7 | 27.0 | 20.6 |
| Current liabilities | 302 | 309 | 244 | 303 | 289 |
| Long-term debt | 411 | 413 | 415 | 416 | 418 |
| Total liabilities | 831 | 813 | 744 | 814 | 803 |
| Shareholders' equity | 813 | 947 | 1,176 | 1,480 | 1,632 |
| Backlog (remaining obligations) | 3.1 | 2.1 | 1.1 | 0.3 | 0.1 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 207 | 203 | 279 | 433 | 434 |
| Capital expenditure | 9.7 | 4.3 | 2.3 | 1.8 | 0.6 |
| Free cash flow | 197 | 199 | 277 | 431 | 433 |
| Depreciation & amortisation | 97.9 | 110 | 110 | 115 | 127 |
| Stock-based compensation | 18.6 | 20.3 | 31.5 | 36.8 | 40.3 |
| Share buybacks | – | – | – | – | 189 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.9% | 11.0% | 17.9% | 4.7% |
| Operating income growth (YoY) | – | 5.7% | 50.8% | 44.3% | 25.2% |
| EPS growth (YoY) | – | 17.9% | 57.9% | 26.9% | 20.0% |
| Gross margin | 35.4% | 35.2% | 37.4% | 39.2% | 37.8% |
| Operating margin | 9.3% | 9.0% | 12.2% | 15.0% | 17.9% |
| Net margin | 6.4% | 6.9% | 10.0% | 12.0% | 13.4% |
| Return on equityBlank when equity is negative | 13.2% | 13.4% | 17.4% | 19.5% | 20.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 11.7% | 11.4% | 14.9% | 18.1% | 21.0% |
| Free cash flow margin | 11.7% | 10.8% | 13.6% | 17.9% | 17.2% |
| Cash conversion (CFO ÷ net income) | 1.93x | 1.60x | 1.37x | 1.50x | 1.28x |
| Receivable days | 91 | 92 | 85 | 85 | 96 |
| Inventory days | 12 | 11 | 11 | 9 | 9 |
| Payable days | 21 | 15 | 12 | 11 | 11 |
| Debt ÷ equity | 0.51x | 0.44x | 0.35x | 0.28x | 0.26x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 22.0 | 2.2 | −85.9 | −366 | −337 |
| Current ratio | 3.15x | 3.45x | 5.10x | 5.39x | 5.94x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.