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Stride, Inc. (LRN) Fundamental Analysis & AI Grade 2026

LRN NYSE Services-Educational Services DE CIK: 0001157408
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
75% Confidence
STRONG AGREEMENT
A
75% Conf
A
75% Conf

📊 LRN Key Takeaways

Revenue: $1.9B
Net Margin: 13.6%
Free Cash Flow: $116.4M
Current Ratio: 6.21x
Debt/Equity: 0.25x
EPS: $5.39
AI Grade: A with 75% confidence
Stride, Inc. (LRN) receives a A fundamental grade with 75% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.9B, net profit margin of 13.6%, and return on equity (ROE) of 15.6%, Stride, Inc. demonstrates strong fundamentals in the Services sector. Below is our complete LRN stock analysis for 2026.

Is Stride, Inc. (LRN) a Good Investment?

Claude

Stride demonstrates strong fundamentals with 17.9% revenue growth, excellent liquidity (6.21x current ratio), and conservative leverage (0.25x debt/equity), positioning it well within the educational services sector. However, flat net income YoY despite robust top-line growth and a 6.2% FCF margin relative to 13.6% net margin indicate margin compression or working capital inefficiencies that warrant monitoring before confidence increases to STRONG_BUY.

ChatGPT

Stride delivers double-digit revenue growth with solid profitability (17% operating margin, 13% net margin) and a very strong balance sheet marked by ample liquidity and modest leverage. However, flat net income YoY and negative operating cash flow flag cash conversion and working-capital timing risks. If cash generation normalizes, fundamentals support continued compounding.

Stride, Inc. Key Strengths (LRN)

Claude
  • + Robust revenue growth of 17.9% YoY demonstrating market demand in educational services
  • + Exceptional balance sheet health with $614M cash, 6.21x current ratio, and 0.25x debt/equity ratio
  • + Strong operational leverage with 18.3% operating margin and 477.7x interest coverage ratio
  • + Minimal capital requirements ($587K CapEx) enabling high free cash flow sustainability
  • + Solid EPS growth of 26.9% indicating effective capital allocation and shareholder returns
ChatGPT
  • + Sustained revenue growth (+17.9% YoY)
  • + Healthy margins (40% gross, 17% operating, 13% net)
  • + Robust liquidity and low leverage (current ratio 7.3x, D/E 0.27x, interest coverage ~299x)

LRN Stock Risks: Stride, Inc. Investment Risks

Claude
  • ! Net income flat YoY (0% growth) despite 17.9% revenue growth signals margin compression or cost control challenges
  • ! FCF margin of 6.2% significantly lags net margin of 13.6%, indicating working capital drag or cash conversion inefficiencies
  • ! Educational services sector exposure to regulatory changes, demographic shifts, and policy-driven funding volatility
  • ! Gross margin sustainability unclear—39.0% is solid but vulnerability to competitive pricing or input cost pressures unknown
ChatGPT
  • ! Negative operating cash flow and FCF margin (-8.3%)
  • ! Flat net income YoY despite strong top-line growth
  • ! Working-capital intensity/seasonality may pressure cash conversion

Key Metrics to Watch

Claude
  • * Operating margin trend—watch for further compression or stabilization in next quarter
  • * Free cash flow conversion and working capital efficiency relative to net income
  • * Revenue growth sustainability and segment-level performance breakdown
  • * Cost structure evolution and gross margin defense in competitive market
ChatGPT
  • * Operating cash flow-to-net income (cash conversion)
  • * Operating margin sustainability

Stride, Inc. (LRN) Financial Metrics & Key Ratios

Revenue
$1.9B
Net Income
$256.8M
EPS (Diluted)
$5.39
Free Cash Flow
$116.4M
Total Assets
$2.4B
Cash Position
$614.0M

💡 AI Analyst Insight

Strong liquidity with a 6.21x current ratio provides a solid financial cushion.

LRN Profit Margin, ROE & Profitability Analysis

Gross Margin 39.0%
Operating Margin 18.3%
Net Margin 13.6%
ROE 15.6%
ROA 10.5%
FCF Margin 6.2%

LRN vs Services Sector: How Stride, Inc. Compares

How Stride, Inc. compares to Services sector averages

Net Margin
LRN 13.6%
vs
Sector Avg 10.0%
LRN Sector
ROE
LRN 15.6%
vs
Sector Avg 16.0%
LRN Sector
Current Ratio
LRN 6.2x
vs
Sector Avg 1.5x
LRN Sector
Debt/Equity
LRN 0.3x
vs
Sector Avg 0.7x
LRN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Stride, Inc. Stock Overvalued? LRN Valuation Analysis 2026

Based on fundamental analysis, Stride, Inc. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
15.6%
Sector avg: 16%
Net Profit Margin
13.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.25x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Stride, Inc. Balance Sheet: LRN Debt, Cash & Liquidity

Current Ratio
6.21x
Quick Ratio
6.14x
Debt/Equity
0.25x
Debt/Assets
32.9%
Interest Coverage
477.72x
Long-term Debt
$417.6M

LRN Revenue & Earnings Growth: 5-Year Financial Trend

LRN 5-year financial data: Year 2022: Revenue $1.7B, Net Income $24.5M, EPS $0.60. Year 2023: Revenue $1.8B, Net Income $71.5M, EPS $1.71. Year 2024: Revenue $2.0B, Net Income $107.1M, EPS $2.52. Year 2025: Revenue $2.4B, Net Income $126.9M, EPS $2.97.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Stride, Inc.'s revenue has grown significantly by 43% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.97 reflects profitable operations.

LRN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
6.2%
Free cash flow / Revenue

LRN Quarterly Earnings & Performance

Quarterly financial performance data for Stride, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $613.4M $40.9M $1.93
Q2 2026 $587.2M $40.9M $2.03
Q1 2026 $551.1M $40.9M $0.94
Q3 2025 $520.8M $4.9M $1.60
Q2 2025 $504.9M $4.9M $1.54
Q1 2025 $480.2M $4.9M $0.11
Q3 2024 $470.3M $4.9M $1.30
Q2 2024 $458.4M $4.9M $0.66

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Stride, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$117.0M
Cash generated from operations
Stock Buybacks
$88.6M
Shares repurchased (TTM)
Capital Expenditures
$587.0K
Investment in assets
Dividends
None
No dividend program

LRN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Stride, Inc. (CIK: 0001157408)

📋 Recent SEC Filings

Date Form Document Action
Apr 29, 2026 10-Q lrn-20260331x10q.htm View →
Apr 28, 2026 8-K f8k_042826.htm View →
Mar 17, 2026 4 xslF345X05/form4-03172026_090306.xml View →
Feb 20, 2026 4 xslF345X05/form4-02202026_100213.xml View →
Feb 20, 2026 4 xslF345X05/form4-02202026_100242.xml View →

Frequently Asked Questions about LRN

What is the AI rating for LRN?

Stride, Inc. (LRN) has a Combined AI Grade of A from Claude (A) and ChatGPT (A) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are LRN's key strengths?

Claude: Robust revenue growth of 17.9% YoY demonstrating market demand in educational services. Exceptional balance sheet health with $614M cash, 6.21x current ratio, and 0.25x debt/equity ratio. ChatGPT: Sustained revenue growth (+17.9% YoY). Healthy margins (40% gross, 17% operating, 13% net).

What are the risks of investing in LRN?

Claude: Net income flat YoY (0% growth) despite 17.9% revenue growth signals margin compression or cost control challenges. FCF margin of 6.2% significantly lags net margin of 13.6%, indicating working capital drag or cash conversion inefficiencies. ChatGPT: Negative operating cash flow and FCF margin (-8.3%). Flat net income YoY despite strong top-line growth.

What is LRN's revenue and growth?

Stride, Inc. reported revenue of $1.9B.

Does LRN pay dividends?

Stride, Inc. does not currently pay dividends.

Where can I find LRN SEC filings?

Official SEC filings for Stride, Inc. (CIK: 0001157408) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is LRN's EPS?

Stride, Inc. has a diluted EPS of $5.39.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is LRN's fundamental grade?

Based on our AI fundamental analysis in May 2026, Stride, Inc. has a A grade with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is LRN stock overvalued or undervalued?

Valuation metrics for LRN: ROE of 15.6% (sector avg: 16%), net margin of 13.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is LRN's AI grade for 2026?

Our dual AI analysis gives Stride, Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is LRN's free cash flow?

Stride, Inc.'s operating cash flow is $117.0M, with capital expenditures of $587.0K. FCF margin is 6.2%.

How does LRN compare to other Services stocks?

Vs Services sector averages: Net margin 13.6% (avg: 10%), ROE 15.6% (avg: 16%), current ratio 6.21 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI