Recent Updates — LRN

Stride, Inc. announced first quarter fiscal year 2027 results ending September 30, 2026. Revenue increased 3.0% to $639.4 million from $620.9 million in the prior-year period, driven by a 12.7% rise in Career Learning revenue. Diluted net income per share rose to $1.45 from $1.40, while net income declined slightly to $64.9 million from $68.8 million. Adjusted EBITDA grew 3.1% to $111.8 million. The company provided full-year fiscal 2027 revenue guidance of $2.53 billion to $2.61 billion and adjusted operating income guidance of $500 million to $530 million. Stride, Inc. is a technology-based education company providing K-12 virtual schooling and career learning solutions.

Stride entered a Cooperation Agreement with activist investor Fivespan Partners, resulting in the appointment of Dylan Haggart as an independent director effective October 30, 2026, and Dr. Steven Guttentag as a board observer immediately. Allison Lawrence resigned from the Board but will serve as an observer until reappointed after the December 10 annual meeting. The Board also formed a Capital Allocation Committee to review capital structure, with Haggart co-chairing alongside Brian Shepherd. Fivespan withdrew its nomination notice and inspection demands in exchange for these governance changes and standstill obligations. Stride operates technology-based K-12 education solutions.

Stride, Inc. reported financial results for the fourth quarter and full fiscal year ended June 30, 2026. Full-year revenue increased 4.7% to $2,518.1 million from $2,405.3 million, with diluted net income per share rising 20.0% to $7.14. The company repurchased approximately $188.7 million of common stock during the fiscal year and announced an extension of its existing stock repurchase program through October 31, 2027, leaving $311.3 million in remaining availability. Stride operates as a technology-based education company providing K-12 virtual public education and career learning services.

Stride, Inc. announced a leadership transition effective July 29, 2026, with James J. Rhyu ceasing to serve as CEO and Board Chair. Robert E. Knowling Jr., an independent board member, was appointed CEO, while Steven B. Fink became Chair of the Board. Brian Shepherd joined the Board as a new director. The company also reported preliminary unaudited financial results for fiscal year 2026 ending June 30, 2026: revenue is expected to be $2,518.1 million (up from $2,405.3 million), net income $338.2 million (up from $287.9 million), and adjusted EBITDA $617.6 million (up from $571.0 million). Stride operates in the technology-based education sector, providing K-12 online schooling and career learning services.