Filing Flows › Stride (LRN) › Q1 FY27 › vs Q4 FY26
Stride (LRN) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Stride's revenue rose $3.3M (+0.5%) from $636M in Q4 FY26 to $639M in Q1 FY27. The biggest changes: Career Learning +$2.5M (+0.9%); General Education +$797K (+0.2%). Gross margin 37.7% against 34.2% (+3.6 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 37.7% | 34.2% | +3.6 pts |
| Operating margin | 13.2% | 16.6% | -3.5 pts |
| Net margin | 10.2% | 12.8% | -2.6 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Middle - High School | $272M | $267M | $5.0M | +2% |
| Adult | $10.7M | $13.1M | −$2.5M | -19% |
| Career Learning | $283M | $280M | $2.5M | +0.9% |
| General Education | $357M | $356M | $797K | +0.2% |
| Revenue | $639M | $636M | $3.3M | +0.5% |
| Gross profit | $241M | $217M | $23.8M | +11% |
| Cost of revenue | $398M | $419M | −$20.5M | -5% |
| Operating profit | $84.3M | $106M | −$21.6M | -20% |
| Operating expenses | $157M | $111M | $45.4M | +41% |
| Pre-tax earnings | $82.8M | $104M | −$21.5M | -21% |
| Net earnings | $64.9M | $81.4M | −$16.5M | -20% |
| Income tax | $17.8M | $22.8M | −$5.0M | -22% |
| Operating cash sources | $225M | −$202M | $426M | — |
| Depreciation & amortization | $34.9M | $33.8M | $1.2M | +3% |
| Cash used in operations | $125M | −$317M | $442M | — |
| Working capital & other | $225M | −$191M | $416M | — |
Questions
How much did Stride's revenue grow quarter over quarter in Q1 FY27?
Stride's revenue rose $3.3M (+0.5%) from $636M in Q4 FY26 to $639M in Q1 FY27.
What drove Stride's revenue change in Q1 FY27?
Career Learning +$2.5M (+0.9%); General Education +$797K (+0.2%).