Filing Flows › Stride (LRN) › Q1 FY27 › vs Q1 FY26
Stride (LRN) Q1 FY27 vs Q1 FY26 (year over year)
Stride's revenue rose $18.5M (+3%) from $621M in Q1 FY26 to $639M in Q1 FY27. The biggest changes: Career Learning +$25.0M (+10%); General Education −$6.5M (-2%). Gross margin 37.7% against 39.0% (-1.3 pts).
Stride, Q1 FY27: revenue $639M (+3% year over year), operating margin 13.2%, net earnings $64.9M, operating cash flow −$125M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 37.7% | 39.0% | -1.3 pts |
| Operating margin | 13.2% | 11.1% | +2.1 pts |
| Net margin | 10.2% | 11.1% | -0.9 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Middle - High School | $272M | $242M | $30.6M | +13% |
| Adult | $10.7M | $16.3M | −$5.6M | -34% |
| Career Learning | $283M | $258M | $25.0M | +10% |
| General Education | $357M | $363M | −$6.5M | -2% |
| Revenue | $639M | $621M | $18.5M | +3% |
| Gross profit | $241M | $242M | −$1.0M | -0.4% |
| Cost of revenue | $398M | $379M | $19.5M | +5% |
| Operating profit | $84.3M | $69.0M | $15.3M | +22% |
| Operating expenses | $157M | $173M | −$16.3M | -9% |
| Pre-tax earnings | $82.8M | $83.2M | −$384K | -0.5% |
| Net earnings | $64.9M | $68.8M | −$3.9M | -6% |
| Income tax | $17.8M | $14.4M | $3.4M | +24% |
| Operating cash sources | $225M | $294M | −$69.2M | -24% |
| Depreciation & amortization | $34.9M | $29.2M | $5.7M | +19% |
| Cash used in operations | $125M | $196M | −$71.0M | -36% |
| Working capital & other | $225M | $304M | −$79.4M | -26% |
Questions
How much did Stride's revenue grow year over year in Q1 FY27?
Stride's revenue rose $18.5M (+3%) from $621M in Q1 FY26 to $639M in Q1 FY27.
What drove Stride's revenue change in Q1 FY27?
Career Learning +$25.0M (+10%); General Education −$6.5M (-2%).