Stride, Inc. announced its results for the second fiscal quarter ended December 31, 2024, revealing a 19.4% increase in enrollments, with Career Learning enrollments up by 30.9%. Revenue per enrollment remained relatively flat. The company is raising its revenue and adjusted operating forecast for the full fiscal year 2025.
Second quarter enrollments averaged 230.6K, a 19.4% increase compared to the previous year.
Career Learning enrollments rose by 30.9%, reaching 94.8K.
Revenue per enrollment was $2,395, consistent with the previous year.
Cash and cash equivalents and marketable securities totaled $738.1 million.
The Company is raising its revenue and adjusted operating forecast for the full fiscal year 2025 and providing guidance for the third quarter of fiscal year 2025.
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