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Stride (LRN) Q4 FY26 earnings results (fourth quarter fiscal 2026)

10-K filed Aug 5, 2026

Stride (LRN) reported revenue of $636M for the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier and +1% from the quarter before. Operating margin was 16.6%, net earnings $81.4M (12.8% of revenue).

Revenue$636M
Year over year-3%
Quarter over quarter+1%
Operating margin16.6%
Net earnings$81.4M

Stride, Q4 FY26: revenue $636M (-3% year over year), operating margin 16.6%, net earnings $81.4M, operating cash flow $317M. The chart follows the revenue to costs, profit and cash.

Q4 FY26AmountQ/QY/Y
Revenue$636M+1%-3%
Gross profit$217M-6%-9%
Operating profit$106M-18%+86%
Net earnings$81.4M-8%+59%
Operating cash flow$317M+43%+6%

What changed

Revenue was $636.1M in Q4 FY26, down 3% year over year and up 1% from the previous quarter. General Education was the largest line at 56% of revenue.

Gross margin was 34.2%, down 2.4 points from Q4 FY25. Operating profit was $105.9M, a 16.6% margin (up 7.9 points year over year). Operating expenses fell 39% while revenue fell 3%. Net earnings were $81.4M, up 59% year over year. The effective tax rate was 21.9%.

Operating cash flow was $316.9M (up 6% year over year), 389% of net earnings. Non-cash charges added back $33.8M of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items added $191.5M.

Questions

What was Stride's revenue in the fourth quarter fiscal 2026?

Stride (LRN) reported revenue of $636M for the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier and +1% from the quarter before.

Was Stride profitable in the fourth quarter fiscal 2026?

Operating profit was $106M (16.6% of revenue) and net earnings $81.4M.

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Source: Stride 10-K on SEC EDGAR.