Quarterly ResultApr 28, 2026, 04:23 PM
LRN Q3 Revenue +2.7% to $629.9M; Net Income -10.9% to $88.5M
AI Summary
Stride, Inc. reported mixed financial results for the third quarter of fiscal year 2026. While revenue increased by 2.7% to $629.9 million, net income declined by 10.9% to $88.5 million and diluted EPS fell by 4.5% to $1.93 compared to the prior year. Adjusted EBITDA, however, saw a 1.8% increase to $171.3 million. The company also narrowed its full fiscal year 2026 outlook for revenue and adjusted operating income.
Key Highlights
- LRN Q3 2026 Revenue increased 2.7% to $629.9M YoY.
- LRN Q3 2026 Net Income decreased 10.9% to $88.5M YoY.
- LRN Q3 2026 Diluted EPS decreased 4.5% to $1.93 YoY.
- LRN Q3 2026 Adjusted EBITDA increased 1.8% to $171.3M YoY.
- Career Learning revenue grew 12.3% to $272.4M in Q3 2026.
- Full-year FY26 revenue guidance narrowed to $2.49B-$2.52B.
- Full-year FY26 adjusted operating income guidance narrowed to $490M-$500M.