Recent Updates — LRN
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.