NYSE$LRN
Stride Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Stride reported record quarterly revenue and profitability, driven by continued enrollment strength, increases in revenue per enrollment, and Adult Learning growth.
Stride, Inc. announced its Q3 fiscal year 2023 results, posting record quarterly revenue of $470.3 million, compared to $421.7 million in the prior year. Net income increased to $55.5 million, or $1.30 per diluted share, compared to $42.9 million, or $1.02 per diluted share, in the prior year.
- Revenue increased to $470.3 million compared to $421.7 million.
- Income from operations reached $72.2 million, compared to $60.6 million.
- Net income was $55.5 million, compared to $42.9 million.
- Diluted net income per share was $1.30, compared to $1.02.
Headline financials
Revenue & EPS history
Stride · Revenue · Quarterly
$470M
Revenue by segment
Stride · $440M total across 2 segments · Q3 2023
- General Education$290M-8.3%65.8%
- Career Learning - Middle/High School$151M+81.1%34.2%
Forward guidance
The Company is raising its revenue forecast and tightening its adjusted operating income forecast for the full year fiscal 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+1.8%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+2.8%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+38.8%
Q1 2025
Best reaction
-54.3%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.2% | -0.3% | -1.1% | |
| Q2 2026 | +13.3% | +19.5% | +16.5% | |
| Q1 2026 | -54.3% | -53.3% | -58.6% | |
| Q3 2025 | -0.2% | +12.7% | +6.2% | |
| Q2 2025 | +6.0% | +14.1% | +13.4% | |
| Q1 2025 | +38.8% | +41.2% | +60.0% | |
| Q4 2024 | +9.6% | +15.1% | +14.2% | |
| Q3 2024 | +8.8% | +15.5% | +23.0% | |
| Q2 2024 | -2.0% | -3.0% | -10.0% | |
| Q1 2024 | +19.9% | +24.3% | +34.2% | |
| Q4 2023 | +3.0% | +4.7% | +14.7% | |
| Q3 2023 | +12.2% | +12.8% | +5.7% | |
| Q2 2023 | +25.6% | +26.0% | +32.9% | |
| Q1 2023 | -29.1% | -28.4% | -23.0% | |
| Q4 2022 | -12.7% | -15.9% | -8.4% | |
| Q3 2022 | +16.5% | +5.7% | +4.1% | |
| Q2 2022 | +22.5% | +25.0% | +21.1% | |
| Q1 2022 | +6.2% | +0.6% | +11.0% | |
| Q4 2021 | +7.6% | +15.8% | +10.2% | |
| Q3 2021 | -2.0% | +2.5% | -8.6% | |
| Q2 2021 | -1.8% | +1.7% | -0.9% | |
| Q1 2021 | +0.8% | -16.8% | -19.8% | |
| Q4 2020 | -6.1% | -4.7% | -36.4% | |
| Q3 2020 | -10.5% | -6.6% | -1.5% | |
| Q2 2020 | -15.6% | -18.1% | -17.0% | |
| Q1 2020 | -16.8% | -15.3% | -20.0% | |
| Q4 2019 | -6.8% | -1.1% | -8.0% | |
| Q3 2019 | -11.4% | -11.6% | -10.4% | |
| Q2 2019 | +15.8% | +14.9% | +27.6% | |
| Q1 2019 | +22.5% | +28.5% | +36.4% | |
| Q4 2018 | +11.5% | +8.3% | +4.8% | |
| Q3 2018 | +10.7% | +11.5% | +15.1% | |
| Q2 2018 | +8.0% | +5.0% | -7.0% | |
| Q1 2018 | -4.4% | -10.0% | -11.5% | |
| Q4 2017 | -6.8% | -5.9% | -2.8% | |
| Q3 2017 | -7.7% | -0.3% | -5.9% | |
| Q2 2017 | +15.4% | +17.4% | +6.5% | |
| Q1 2017 | -22.1% | -24.6% | +1.3% | |
| Q4 2016 | -10.9% | -8.3% | +1.9% | |
| Q3 2016 | +17.3% | — | — | |
| Q2 2016 | +18.0% | — | — | |
| Q1 2016 | -15.3% | — | — | |
| Q4 2015 | +0.9% | — | — | |
| Q3 2015 | +10.5% | — | — | |
| Q2 2015 | +28.7% | — | — | |
| Q1 2015 | -18.2% | — | — | |
| Q4 2014 | -12.3% | — | — | |
| Q3 2014 | +10.7% | — | — | |
| Q2 2014 | -8.2% | — | — | |
| Q1 2014 | +9.1% | — | — | |
| Q4 2013 | +13.6% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +11.1% | — | — | |
| Q4 2010 | +11.1% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q3 2012 | -14.8% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q2 2012 | -8.8% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q4 2011 | +3.6% | — | — | |
| Q1 2012 | -9.6% | — | — | |
| Q3 2010 | +7.1% | — | — |
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