Strong Demand Drives Growth

Core Insights - Stride, Inc. reported strong financial results for the first quarter of fiscal year 2026, with revenues reaching $620.9 million, a 12.7% increase from $551.1 million in the same period last year [3][5][4]. Financial Performance - Revenues for the first quarter were $620.9 million, up from $551.1 million, reflecting a $69.8 million increase [3][5]. - Income from operations was $69.0 million, compared to $47.3 million, marking a 45.7% increase [3][5]. - Net income rose to $68.8 million, a significant increase of 68.3% from $40.9 million [3][5]. - Diluted net income per share increased to $1.40, up 48.9% from $0.94 [3][5]. - Adjusted operating income was $81.1 million, a 39.0% increase from $58.4 million [3][5]. - Adjusted EBITDA reached $108.4 million, up 29.2% from $83.9 million [3][5]. Enrollment and Revenue Metrics - Total enrollments for the first quarter were 247.7K, an 11.3% increase from 222.6K enrollments in the first quarter of fiscal year 2025 [6]. - Career Learning enrollments increased by 20.0% to 110.0K compared to 91.7K in the previous year [6]. - Revenue per enrollment was $2,388, a 3.7% increase from $2,303 in the first quarter of fiscal year 2025 [8]. Cash Flow and Capital Allocation - As of September 30, 2025, the company's cash and cash equivalents totaled $749.6 million, down from $1,011.4 million at the end of June 2025 [9]. - Capital expenditures for the quarter were $21.7 million, compared to $14.8 million in the same period last year [10]. Fiscal Year 2026 Outlook - The company forecasts total revenue for fiscal year 2026 to be in the range of $2.480 billion to $2.555 billion [13]. - For the second quarter of fiscal year 2026, revenue is expected to be between $620 million and $640 million, with adjusted operating income projected between $135 million and $145 million [13].