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Jun 30, 2023
Stride Q4 2023 Earnings Report
Stride reported record revenue and earnings for Q4 2023
Key Takeaways
Stride, Inc. reported a revenue increase to $483.5 million compared to $455.2 million in the prior year, alongside an increase in net income to $43.4 million from $28.1 million. Diluted net income per share also increased to $1.01, up from $0.66 in the previous year. Adjusted EBITDA rose to $88.8 million compared to $74.7 million in the prior year.
Stride's revenue increased to $483.5 million, compared to $455.2 million in the prior year.
Income from operations grew to $53.9 million, up from $46.1 million year-over-year.
Net income increased to $43.4 million, compared to $28.1 million in the previous year.
Diluted net income per share rose to $1.01, an increase from $0.66 year-over-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 will provide an outlook for fiscal year 2024 when it reports results for the first quarter of fiscal year 2024, anticipated to be released in October 2023. No separate guidance communication, or enrollment counts, for fiscal 2024 will be provided before that time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income