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Sep 30, 2023
Stride Q1 2024 Earnings Report
Achieved record revenue driven by enrollment strength and improved profitability.
Key Takeaways
Stride, Inc. reported a strong first quarter with record revenue of $480.2 million, a 12.9% increase compared to the previous year. The company also saw a significant improvement in profitability, with net income of $4.9 million compared to a net loss of $22.7 million in the same quarter last year.
Revenue increased to $480.2 million, up 12.9% year-over-year.
Net income improved to $4.9 million, a significant turnaround from the previous year's net loss.
Diluted net income per share reached $0.11, compared to a diluted net loss per share of $0.54 last year.
Adjusted EBITDA rose to $39.8 million, compared to $3.0 million in the prior year.
Stride
Stride
Stride Revenue by Segment
Revenue by Segment
General Education Revenue
CapyFin.comCareer Learning (Middle/High School) Revenue
CapyFin.com Forward Guidance
The Company is forecasting revenue in the range of $490.0 million to $510.0 million and adjusted operating income in the range of $80.0 million to $90.0 million for the second quarter of fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income