Filing Flows › Stride (LRN) › Q4 FY26 › vs Q3 FY26
Stride (LRN) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Stride's revenue rose $6.2M (+1%) from $630M in Q3 FY26 to $636M in Q4 FY26. The biggest changes: Career Learning +$7.8M (+3%); General Education −$1.7M (-0.5%). Gross margin 34.2% against 36.8% (-2.6 pts).
Stride, Q4 FY26: revenue $636M (-3% year over year), operating margin 16.6%, net earnings $81.4M, operating cash flow $317M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 34.2% | 36.8% | -2.6 pts |
| Operating margin | 16.6% | 20.5% | -3.9 pts |
| Net margin | 12.8% | 14.1% | -1.3 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Middle - High School | $267M | $260M | $7.6M | +3% |
| Adult | $13.1M | $12.9M | $249K | +2% |
| Career Learning | $280M | $272M | $7.8M | +3% |
| General Education | $356M | $357M | −$1.7M | -0.5% |
| Revenue | $636M | $630M | $6.2M | +1% |
| Gross profit | $217M | $232M | −$14.3M | -6% |
| Cost of revenue | $419M | $398M | $20.5M | +5% |
| Operating profit | $106M | $129M | −$23.2M | -18% |
| Operating expenses | $111M | $102M | $8.9M | +9% |
| Pre-tax earnings | $104M | $120M | −$15.7M | -13% |
| Net earnings | $81.4M | $88.5M | −$7.1M | -8% |
| Income tax | $22.8M | $31.5M | −$8.7M | -28% |
| Depreciation & amortization | $33.8M | $32.6M | $1.2M | +4% |
| Share-based compensation | $10.2M | $9.6M | $618K | +6% |
| Working capital & other | $191M | $90.2M | $101M | +112% |
| Operating cash flow | $317M | $221M | $95.9M | +43% |
Questions
How much did Stride's revenue grow quarter over quarter in Q4 FY26?
Stride's revenue rose $6.2M (+1%) from $630M in Q3 FY26 to $636M in Q4 FY26.
What drove Stride's revenue change in Q4 FY26?
Career Learning +$7.8M (+3%); General Education −$1.7M (-0.5%).