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Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. It serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.
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| Breakdown | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Income before tax | 172.55M | 147.07M | 95.31M | 33.43M | 48.36M |
| Minority interest | - | - | - | 0.00M | 0.00M |
| Net income | 126.87M | 107.13M | 71.45M | 24.51M | 37.21M |
| Selling general administrative | 481.57M | 439.85M | 424.44M | 315.08M | 297.35M |
| Gross profit | 647.07M | 596.48M | 534.90M | 347.53M | 352.31M |
| Reconciled depreciation | 110.36M | 97.91M | 90.08M | 72.09M | 71.40M |
| Ebit | 180.95M | 156.63M | 110.46M | 32.46M | 45.49M |
| Ebitda | 291.31M | 254.54M | 200.53M | 104.55M | 116.89M |
| Depreciation and amortization | 110.36M | 97.91M | 90.08M | 72.09M | 71.40M |
| Non operating income net other | 15.12M | -1.13M | 3.51M | -0.11M | -0.52M |
| Operating income | 165.50M | 156.63M | 110.46M | 32.46M | 45.49M |
| Other operating expenses | 1671.86M | 1530.04M | 1426.30M | 1008.31M | 970.27M |
| Interest expense | 8.40M | -8.28M | -17.98M | 0.59M | 2.24M |
| Tax provision | 45.35M | 40.09M | 24.54M | 8.54M | 10.52M |
| Interest income | 8.40M | 8.28M | 17.98M | 0.70M | 2.76M |
| Net interest income | -8.40M | -8.28M | -17.98M | 0.70M | 2.76M |
| Income tax expense | 45.35M | 40.09M | 24.54M | 8.54M | 10.52M |
| Total revenue | 1837.36M | 1686.67M | 1536.76M | 1040.77M | 1015.75M |
| Total operating expenses | 481.57M | 439.85M | 424.44M | 315.08M | 306.83M |
| Cost of revenue | 1190.29M | 1090.19M | 1001.86M | 693.23M | 663.44M |
| Total other income expense net | 15.45M | -9.55M | -15.15M | 0.97M | 2.88M |
| Net income from continuing ops | 126.87M | 106.99M | 71.45M | 24.51M | 37.84M |
| Net income applicable to common shares | 126.87M | 107.13M | 71.45M | 24.51M | 37.21M |
| Breakdown | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Total assets | 1760.67M | 1643.55M | 1577.30M | 1073.26M | 819.61M |
| Intangible assets | 209.02M | 211.05M | 207.16M | 174.79M | 119.44M |
| Other current assets | 129.14M | 80.60M | 43.00M | 11.48M | 12.31M |
| Total liab | 813.37M | 830.96M | 772.65M | 397.93M | 186.24M |
| Total stockholder equity | 947.30M | 812.58M | 804.65M | 675.33M | 633.37M |
| Deferred long term liab | 50.79M | 3.21M | 50.38M | 59.95M | 18.94M |
| Other current liab | 134.05M | 136.23M | 158.00M | 74.58M | 62.68M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 354.33M | 227.46M | 112.15M | 46.95M | 22.45M |
| Other liab | 10.50M | 13.44M | 48.11M | 23.34M | 25.59M |
| Good will | 246.68M | 241.02M | 240.35M | 174.94M | 90.20M |
| Other assets | 109.93M | 114.33M | 155.89M | 116.47M | 101.63M |
| Cash | 410.81M | 389.40M | 386.08M | 212.30M | 283.12M |
| Cash and equivalents | 410.81M | 389.40M | 386.08M | 212.30M | 283.12M |
| Total current liabilities | 309.13M | 302.07M | 306.24M | 273.42M | 155.59M |
| Current deferred revenue | 76.16M | 53.63M | 38.11M | 24.42M | 22.83M |
| Net debt | 133.00M | 176.27M | 80.20M | 22.87M | -258.47M |
| Short term debt | 50.07M | 50.22M | 47.98M | 133.99M | 19.59M |
| Short long term debt | - | - | - | 100.00M | - |
| Short long term debt total | 543.81M | 565.67M | 466.28M | 235.17M | 24.65M |
| Other stockholder equity | 593.00M | 584.97M | 692.97M | 628.28M | 610.95M |
| Property plant equipment | 52.33M | 61.54M | 166.74M | 150.44M | 31.98M |
| Total current assets | 1065.20M | 950.53M | 857.53M | 501.27M | 529.66M |
| Net tangible assets | 491.60M | 360.51M | 407.51M | 374.45M | 423.73M |
| Net receivables | 463.72M | 418.56M | 369.30M | 236.13M | 191.64M |
| Long term debt | 413.04M | 411.44M | 299.27M | - | - |
| Inventory | 36.72M | 36.00M | 39.69M | 28.30M | 29.95M |
| Accounts payable | 48.85M | 62.00M | 62.14M | 40.43M | 50.49M |
| Accumulated other comprehensive income | -0.04M | 0.14M | -0.47M | 0.09M | -0.04M |
| Common stock total equity | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings total equity | 354.33M | 227.46M | 112.15M | 46.95M | 22.45M |
| Treasury stock | -102.48M | -102.48M | -102.48M | -102.48M | -102.48M |
| Non currrent assets other | 109.15M | 93.95M | 105.51M | 71.82M | 48.33M |
| Non current assets total | 695.47M | 693.01M | 719.77M | 571.99M | 289.95M |
| Capital lease obligations | 130.77M | 154.23M | 167.01M | 135.17M | 5.06M |
| Long term debt total | 413.04M | 411.44M | 299.27M | 4.63M | 5.06M |
| Breakdown | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Investments | -118.24M | -43.13M | -40.54M | -217.37M | -61.11M |
| Change to liabilities | -3.34M | 0.14M | 37.15M | 4.31M | 34.42M |
| Total cashflows from investing activities | -118.24M | -110.76M | -165.44M | -217.37M | -61.11M |
| Net borrowings | -42.96M | -33.01M | 284.30M | 100.00M | -21.03M |
| Total cash from financing activities | -63.50M | -93.31M | 204.58M | 65.63M | -28.99M |
| Change to operating activities | -3.58M | -20.61M | 27.31M | -2.60M | 14.24M |
| Net income | 126.87M | 107.13M | 71.45M | 24.51M | 37.21M |
| Change in cash | 21.41M | 2.82M | 173.28M | -71.32M | 51.51M |
| Begin period cash flow | 389.40M | 386.58M | 213.30M | 284.62M | 233.11M |
| End period cash flow | 410.81M | 389.40M | 386.58M | 213.30M | 284.62M |
| Total cash from operating activities | 203.15M | 206.88M | 134.15M | 80.42M | 141.61M |
| Depreciation | 110.36M | 97.91M | 90.08M | 72.09M | 71.40M |
| Other cashflows from investing activities | -63.62M | -57.88M | -113.18M | -215.69M | -55.63M |
| Change to inventory | -19.39M | 4.80M | -39.16M | -16.18M | -3.32M |
| Change to account receivables | -54.91M | -57.50M | -143.07M | -37.77M | -21.64M |
| Sale purchase of stock | 0.02M | -37.85M | -9.23M | -6.76M | -9.96M |
| Other cashflows from financing activities | -20.55M | -22.44M | 338.12M | 105.06M | -7.96M |
| Change to netincome | 17.14M | 45.38M | 77.78M | 44.76M | 30.68M |
| Capital expenditures | 66.55M | 67.63M | 52.26M | 45.00M | 48.41M |
| Change receivables | -54.91M | -57.50M | -143.07M | -37.77M | -21.64M |
| Cash flows other operating | 5.44M | 12.24M | -22.40M | -27.49M | -10.46M |
| Cash and cash equivalents changes | 21.41M | 2.82M | 173.28M | -71.32M | 51.51M |
| Change in working capital | -67.54M | -64.92M | -117.77M | -60.95M | 2.32M |
| Stock based compensation | 20.32M | 18.57M | 39.33M | 23.61M | 16.68M |
| Other non cash items | 23.52M | 47.01M | 48.51M | 22.46M | 10.31M |
| Free cash flow | 136.60M | 139.26M | 81.89M | 35.42M | 93.20M |
Sector: Consumer Defensive Industry: Education & Training Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LRN Stride Inc |
0.89 1.12% |
80.10 | 16.50 | 15.17 | 1.36 | 2.69 | 1.52 | 8.84 |
| EDU New Oriental Education & Technology |
-7.27 12.54% |
50.72 | 18.94 | 12.42 | 1.60 | 2.27 | 0.84 | 7.37 |
| NWOEF New Oriental Education & Technology Group Inc. |
- -% |
4.52 | 15.07 | 9.88 | 1.27 | 1.80 | 0.87 | 7.67 |
| TAL TAL Education Group |
-0.15 1.47% |
10.06 | 7.34 | 9.21 | 2.04 | 1.58 | 1.25 | 10.01 |
| LAUR Laureate Education Inc |
-1.28 3.40% |
36.36 | 16.23 | 15.31 | 2.70 | 4.44 | 3.08 | 9.75 |
Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. It serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.
11720 Plaza America, Reston, VA, United States, 20190
703 483 7000
7800
| Name | Title | Year Born |
|---|---|---|
| Mr. James J. Rhyu | CEO & Director | 1970 |
| Mr. Les Ottolenghi | Chief Information & Technology Officer and Exec. VP | 1962 |
| Mr. Vincent Winslow Mathis | Exec. VP, Gen. Counsel, Legal & Sec. | 1964 |
| Ms. Donna M. Blackman | Exec. VP & CFO | 1966 |
| Timothy Casey | VP of Investor Relations | NA |
| Mr. Jeff Kwitowski | Sr. VP of Corp. Communications | NA |
| Ms. Emily Riordan | Director of Corp. Communications | NA |
| Mr. Paul Rhyu | Chief Marketing Officer | NA |
| Ms. Valerie Maddy | Sr. VP & Chief HR Officer | NA |
| Mr. Peter G. Stewart | Sr. VP of School Devel. | 1968 |
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