NYSE$LRN

Stride Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Record full year revenue and profitability reported and Career Learning revenue grew more than 60%.

Stride, Inc. reported strong Q4 results with revenue increasing by 14.5% and net income increasing by 167.7% compared to the same period last year. The company's Career Learning segment continued to drive growth.

  • Revenue of $455.2 million, compared with $397.5 million.
  • Income from operations of $46.1 million, compared with $21.4 million.
  • Net income of $28.1 million, compared with $10.5 million.
  • Diluted net income per share of $0.66, compared with $0.25.

Headline financials

Total Revenue

$455M

Previous: $398M+14.5%
EPS (adj)

$0.66

Previous: $0.25+164.0%
General Education Revenue per Enrollment

$2.27K

No prior period
Career Learning Revenue per Enrollment

$2.18K

No prior period
Capital Expenditures

$5.01M

Previous: $600K+735.7%
Free Cash Flow

$120M

Previous: $122M-1.6%
Net Income

$28.1M

Previous: $10.5M+167.7%
Operating Income

$46.1M

Previous: $21.4M+115.5%
Gross Profit

$168M

Previous: $137M+22.7%
Cash & Equivalents

$389M

Previous: $386M+0.9%
Total Assets

$1.64B

Previous: $1.58B+4.2%
Stock-Based Comp

$4.11M

Previous: $8.51M-51.8%

Revenue & EPS history

Stride · Revenue · Quarterly

$455M

Q4 2022+14.5%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Stride · $430M total across 2 segments · Q4 2022

  • General Education
    $338M+2.5%
  • Career Learning - Middle/High School
    $91.5M

Forward guidance

The Company will provide an outlook for fiscal year 2023 when it reports results for the first quarter fiscal year 2023, currently anticipated to be released in October 2022. No separate guidance communication, or enrollment counts, for fiscal 2023 will be provided before that time.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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