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Mar 31, 2023
Stride Q3 2023 Earnings Report
Stride reported record quarterly revenue and profitability, driven by continued enrollment strength, increases in revenue per enrollment, and Adult Learning growth.
Key Takeaways
Stride, Inc. announced its Q3 fiscal year 2023 results, posting record quarterly revenue of $470.3 million, compared to $421.7 million in the prior year. Net income increased to $55.5 million, or $1.30 per diluted share, compared to $42.9 million, or $1.02 per diluted share, in the prior year.
Revenue increased to $470.3 million compared to $421.7 million.
Income from operations reached $72.2 million, compared to $60.6 million.
Net income was $55.5 million, compared to $42.9 million.
Diluted net income per share was $1.30, compared to $1.02.
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 raising its revenue forecast and tightening its adjusted operating income forecast for the full year fiscal 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income