Stride, Inc. Files Q2 2025 10-Q
Ticker: LRN · Form: 10-Q · Filed: 2025-01-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, education
TL;DR
Stride Inc. 10-Q filed. Financials for Q2 2025 out. Check retained earnings, paid-in capital.
AI Summary
Stride, Inc. filed its 10-Q for the period ending December 31, 2024. The filing provides financial data for the company, which operates in educational services. Key financial statement items like retained earnings, additional paid-in capital, and accumulated other comprehensive income are reported as of various dates in 2023 and 2024.
Why It Matters
This filing provides investors with an update on Stride, Inc.'s financial health and performance for the second quarter of fiscal year 2025, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the educational services sector can be subject to regulatory and funding changes.
Key Numbers
- N/A — Revenue (Specific revenue figures are not detailed in the provided header information.)
- N/A — Net Income (Specific net income figures are not detailed in the provided header information.)
- N/A — Earnings Per Share (Specific EPS figures are not detailed in the provided header information.)
Key Players & Entities
- Stride, Inc. (company) — Filer of the 10-Q
- K12 INC (company) — Former company name
- 2024-12-31 (date) — End of reporting period
- 20250129 (date) — Filing date
FAQ
What was Stride, Inc.'s retained earnings as of December 31, 2024?
The filing indicates retained earnings data is available for December 31, 2024, but the specific dollar amount is not present in the header.
What is the company's fiscal year end?
Stride, Inc.'s fiscal year ends on June 30.
When was the company formerly known as K12 INC?
The company changed its name from K12 INC on August 13, 2001.
What is the filing date of this 10-Q report?
This 10-Q report was filed on January 29, 2025.
What is Stride, Inc.'s primary business sector?
Stride, Inc. operates in the Services-Educational Services sector, SIC code 8200.
Filing Stats: 4,379 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2025-01-28 17:35:52
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value LRN New York Stock Exchan
Filing Documents
- lrn-20241231x10q.htm (10-Q) — 1835KB
- lrn-20241231xex31d1.htm (EX-31.1) — 12KB
- lrn-20241231xex31d2.htm (EX-31.2) — 12KB
- lrn-20241231xex32d1.htm (EX-32.1) — 8KB
- lrn-20241231xex32d2.htm (EX-32.2) — 8KB
- 0001558370-25-000455.txt ( ) — 9021KB
- lrn-20241231.xsd (EX-101.SCH) — 55KB
- lrn-20241231_cal.xml (EX-101.CAL) — 67KB
- lrn-20241231_def.xml (EX-101.DEF) — 265KB
- lrn-20241231_lab.xml (EX-101.LAB) — 515KB
- lrn-20241231_pre.xml (EX-101.PRE) — 397KB
- lrn-20241231x10q_htm.xml (XML) — 1857KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 40 Item 4.
Controls and Procedures
Controls and Procedures 40 PART II. Other Information Item 1.
Legal Proceedings
Legal Proceedings 42 Item 1A.
Risk Factors
Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosures 42 Item 5. Other Information 42 Item 6. Exhibits 42
Signatures
Signatures 43 2 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited). STRIDE, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS December 31, June 30, 2024 2024 (audited) (In thousands except share and per share data) ASSETS Current assets Cash and cash equivalents $ 515,049 $ 500,614 Accounts receivable, net of allowance of $ 35,517 and $ 31,298 582,548 472,754 Inventories, net 20,707 36,748 Prepaid expenses 51,367 29,164 Marketable securities 202,447 191,672 Other current assets 16,361 14,494 Total current assets 1,388,479 1,245,446 Operating lease right-of-use assets, net 48,563 54,503 Property and equipment, net 84,685 50,856 Capitalized software, net 77,299 81,952 Capitalized curriculum development costs, net 53,759 53,232 Intangible assets, net 55,170 60,282 Goodwill 246,676 246,676 Deferred tax asset — 7,200 Deposits and other assets 116,150 120,318 Total assets $ 2,070,781 $ 1,920,465 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 30,896 $ 40,970 Accrued liabilities 82,664 60,796 Accrued compensation and benefits 44,508 64,878 Deferred revenue 16,797 35,742 Current portion of finance lease liability 43,212 29,146 Current portion of operating lease liability 12,583 12,748 Total current liabilities 230,660 244,280 Long-term finance lease liability 50,731 26,452 Long-term operating lease liability 39,202 45,192 Long-term debt 415,522 414,675 Deferred tax liability 470 — Other long-term liabilities 16,091 13,841 Total liabilities 752,676 744,440 Commitments and contingencies Stockholders' equity Preferred stock, par value $ 0.0001 ; 10,000,000 shares authorized; zero shares issued or outstanding — — Common stock, par value $ 0.0001 ; 100,000,000 shares authorized; 48,890,343 and 48,576,164 shares issued; and 43,555,600 and 43,241,421 shares outstanding, respective