NYSE$LRN
Stride Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Stride reported record revenue and earnings for Q4 2023
Stride, Inc. reported a revenue increase to $483.5 million compared to $455.2 million in the prior year, alongside an increase in net income to $43.4 million from $28.1 million. Diluted net income per share also increased to $1.01, up from $0.66 in the previous year. Adjusted EBITDA rose to $88.8 million compared to $74.7 million in the prior year.
- Stride's revenue increased to $483.5 million, compared to $455.2 million in the prior year.
- Income from operations grew to $53.9 million, up from $46.1 million year-over-year.
- Net income increased to $43.4 million, compared to $28.1 million in the previous year.
- Diluted net income per share rose to $1.01, an increase from $0.66 year-over-year.
Headline financials
Revenue & EPS history
Stride · Revenue · Quarterly
$483M
Revenue by segment
Stride · $452M total across 2 segments · Q4 2023
- General Education$295M-12.7%65.3%
- Career Learning - Middle/High School$157M+71.3%34.7%
Forward guidance
The Company will provide an outlook for fiscal year 2024 when it reports results for the first quarter of fiscal year 2024, anticipated to be released in October 2023. No separate guidance communication, or enrollment counts, for fiscal 2024 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 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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