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Jun 30
Stride Q4 2025 Earnings Report
Stride delivered strong Q4 2025 results with double-digit revenue growth, driven by Career Learning and stable General Education performance.
Key Takeaways
Stride’s Q4 revenue rose 22% YoY to $653.6M, fueled by Career Learning expansion. Although net income declined due to one-time impairment charges, adjusted metrics improved significantly, showcasing operational strength.
Q4 revenue grew 22.4% YoY to $653.6M.
Career Learning revenue jumped 38.7% YoY to $259.5M.
Adjusted EPS rose to $2.29, up from $1.68 in Q4 2024.
Q4 average enrollments reached 235.3K, up 21.7% YoY.
Stride
Stride
Stride Revenue by Segment
Revenue by Segment
General Education Revenue
CapyFin.comCareer Learning (Middle/High School) Revenue
CapyFin.comCareer Learning (Adult) Revenue
CapyFin.com Forward Guidance
Stride expects continued momentum into FY26 supported by growing enrollment and strong demand for Career Learning offerings.
Positive Outlook
- Enrollment trends show double-digit YoY growth.
- Career Learning revenue and enrollments are expanding rapidly.
- Strong free cash flow of $432.8M supports future investments.
- Improved adjusted EPS and EBITDA indicate operating leverage.
- Cash position strengthened to $782.5M.
Challenges Ahead
- Q4 net income declined 18% YoY due to impairment charges.
- Adult Career Learning revenue declined 4.3% YoY.
- General Education revenue per enrollment showed no growth.
- Q4 EBITDA declined 14.6% despite revenue growth.
- One-time $59.5M impairment affected GAAP profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income