LRN
Stride, Inc.
LRN's fundamentals are strong and it looks cheap: trading at 10x earnings, below its usual 18x. Analysts expect earnings growth.
LRN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
LRN's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
LRN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.6x | $75.29 | — |
| Current | 10x | $75.29 | — |
| Cheap | 14x | $104 | +38% |
| Fair | 18x | $131 | +74% |
| Expensive | 24x | $174 | +131% |
Historical ranges are pointers, not guarantees.
LRN's PE is in its cheap range at 10x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings.
LRN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect LRN's earnings to grow and its profitability to improve, with its revenue holding steady.
LRN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.88 | +9.6% |
| Q3 2026 | $7.19 | +12% |
| Q2 2026 | $7.14 | +20% |
| Q1 2026 | $6.41 | -0.3% |
| Q4 2025 | $6.50 | +8.2% |
| Q3 2025 | $6.41 | +16% |
| Q2 2025 | $5.95 | +27% |
| Q1 2025 | $6.43 | +51% |
| Q4 2024 | $6.01 | +51% |
LRN earned $7.19 per share over the past year, up 12% from the year before.
LRN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $639.4M | +3% |
| Q2 2026 | $636.1M | -2.7% |
| Q1 2026 | $629.9M | +2.7% |
| Q4 2025 | $631.3M | +7.5% |
| Q3 2025 | $620.9M | +13% |
| Q2 2025 | $653.6M | +22% |
| Q1 2025 | $613.4M | +18% |
| Q4 2024 | $587.2M | +16% |
LRN's revenue has held roughly level: $639M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.1 points |
| Q2 2026 | 17% | +7.9 points |
| Q1 2026 | 20% | -0.8 points |
| Q4 2025 | 23% | +2 points |
| Q3 2025 | 11% | +2.5 points |
| Q2 2025 | 8.7% | -5.1 points |
| Q1 2025 | 21% | +4.4 points |
| Q4 2024 | 21% | +4.6 points |
LRN's operating margin was 13% last quarter, up 2.1 points from the same quarter a year ago.
LRN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$124.8M | +$71.3M |
| Q2 2026 | $316.9M | +6.4% |
| Q1 2026 | $220.4M | +316% |
| Q4 2025 | $92.1M | -59% |
| Q3 2025 | -$196.1M | -$53.4M |
| Q2 2025 | $297.9M | +74% |
| Q1 2025 | $52.9M | -23% |
| Q4 2024 | $222.9M | +29% |
LRN usually generates cash, though not every quarter: the latest was −$125M, but it generated $505M over the past year.
LRN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -5.3% | -2.5M shares |
| 1 year | -8.9% | -4.4M shares |
| 3 years | +4.3% | +1.8M shares |
| 5 years | +11% | +4.3M shares |
| Available history | +12% | +4.9M shares |
LRN has 45M diluted shares, down 8.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $100M |
| Q1 2026 | — |
LRN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
LRN has more cash than debt.
LRN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.0 | Neutral |
| Stochastic | 15.7 | Oversold |
LRN's weekly RSI is 39 (neutral) and its Stochastic is 16 (oversold).
LRN PE vs Consumer Defensive Sector
| Metric | LRN | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 19x | 46% below |
| PE % | 3 | 18 | 15 pts below |
LRN is trading at 10x earnings, a 46% discount to the Consumer Defensive sector's median of 19x.
LRN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.2 | 4.9% below |
| 20 week MA | $82.6 | 8.8% below |
| 50 week MA | $83.0 | 9.3% below |
| 100 week MA | $107.2 | 30% below |
| 200 week MA | $83.2 | 9.5% below |
LRN is in a downtrend: it's below all five of its weekly moving averages, and 9.5% below its 200-week average.
LRN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.9 | $22.3 | +12% |
| 2021 | $22.3 | $33.6 | +51% |
| 2022 | $33.6 | $32.3 | -4.1% |
| 2023 | $32.3 | $59.4 | +84% |
| 2024 | $59.4 | $105.0 | +77% |
| 2025 | $105.0 | $66.2 | -37% |
| 2026 YTD | $66.2 | $75.3 | +14% |
LRN has finished higher in four of the last six years, three of them by more than 50%. It's up 14% so far in 2026.