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Stride, Inc. reported a strong fourth quarter with revenues of $397.5 million, a 47.8% increase compared to the previous year. Net income rose to $10.5 million, and diluted net income per share was $0.25. The company's expansion into career learning contributed to the exceeded revenue and profitability guidance.
Stride's Q4 2021 revenue increased by 47.8% year-over-year, reaching $397.5 million.
Net income for Q4 2021 increased to $10.5 million, up from $4.9 million in the prior year.
Diluted net income per share for Q4 2021 was $0.25, compared to $0.12 in Q4 2020.
Cash and cash equivalents totaled $386.1 million as of June 30, 2021.