Filing Flows › Stride (LRN) › Q3 FY26
Stride (LRN) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 29, 2026
Stride (LRN) reported revenue of $630M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -0.2% from the quarter before. Operating margin was 20.5%, net earnings $88.5M (14.1% of revenue).
Stride, Q3 FY26: revenue $630M (+3% year over year), operating margin 20.5%, net earnings $88.5M, operating cash flow $221M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $630M | -0.2% | +3% |
| Gross profit | $232M | -11% | -7% |
| Operating profit | $129M | -12% | -1% |
| Net earnings | $88.5M | -11% | -11% |
| Operating cash flow | $221M | +141% | +316% |
| Free cash flow | $220M | +139% | +316% |
What changed
Revenue was $629.9M in Q3 FY26, up 3% year over year and roughly flat from the previous quarter. General Education was the largest line at 57% of revenue. Middle - High School added $35.7M year over year (up 16%), 216% of the total change. Adult declined 31%.
Gross margin was 36.8%, down 3.9 points from Q3 FY25. Operating profit was $129.1M, a 20.5% margin (down 0.8 points year over year). Operating profit fell $1.7M even though revenue rose $16.5M versus Q3 FY25, so costs grew faster than sales. Operating expenses fell 14% while revenue rose 3%. Net earnings were $88.5M, down 11% year over year. The effective tax rate was 26.3%.
Operating cash flow was $220.9M (up 316% year over year), 250% of net earnings. Non-cash charges added back $32.6M of depreciation and amortization and $9.6M of share-based compensation. Working capital and other items added $90.2M. Capital expenditures of $535K left free cash flow of $220.4M.
Questions
What was Stride's revenue in the third quarter fiscal 2026?
Stride (LRN) reported revenue of $630M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -0.2% from the quarter before.
Was Stride profitable in the third quarter fiscal 2026?
Operating profit was $129M (20.5% of revenue) and net earnings $88.5M.
Source: Stride 10-Q on SEC EDGAR.