Filing Flows › Stride (LRN) › Q1 FY27
Stride (LRN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 21, 2026
Stride (LRN) reported revenue of $639M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and +0.5% from the quarter before. Operating margin was 13.2%, net earnings $64.9M (10.2% of revenue).
Stride, Q1 FY27: revenue $639M (+3% year over year), operating margin 13.2%, net earnings $64.9M, operating cash flow −$125M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $639M | +0.5% | +3% |
| Gross profit | $241M | +11% | -0.4% |
| Operating profit | $84.3M | -20% | +22% |
| Net earnings | $64.9M | -20% | -6% |
| Operating cash flow | −$125M | -139% | — |
What changed
Revenue was $639.4M in Q1 FY27, up 3% year over year and up 1% from the previous quarter. General Education was the largest line at 56% of revenue. Middle - High School added $30.6M year over year (up 13%), 165% of the total change. Adult declined 34%.
Gross margin was 37.7%, down 1.3 points from Q1 FY26. Operating profit was $84.3M, a 13.2% margin (up 2.1 points year over year). Of the extra revenue versus Q1 FY26, 83% reached operating profit, above the 11% margin then. Operating expenses fell 9% while revenue rose 3%. Net earnings were $64.9M, down 6% year over year. The effective tax rate was 21.5%.
Operating cash flow was −$124.8M. Non-cash charges added back $34.9M of depreciation and amortization. Working capital and other items used $224.6M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$124.8M.
Questions
What was Stride's revenue in the first quarter fiscal 2027?
Stride (LRN) reported revenue of $639M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and +0.5% from the quarter before.
Was Stride profitable in the first quarter fiscal 2027?
Operating profit was $84.3M (13.2% of revenue) and net earnings $64.9M.
Source: Stride 10-Q on SEC EDGAR.