LRNStride, Inc.
Services-Educational Services
- Revenue
- $2.5B
- 4.7% YoY
- Operating margin
- 17.9%
- 20% YoY
- EBITDA
- $577M
- 22% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.9×
- −$532M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear128% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear43% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $2.0B | $2.4B | $2.5B | 4.7% |
| Operating income | $157M | $165M | $250M | $360M | $451M | 25% |
| Net income | $107M | $127M | $204M | $288M | $338M | 17% |
| Operating cash flow | $207M | $203M | $279M | $433M | $434M | 0.2% |
| Capex | $10M | $4M | $2M | $2M | $587K | 67% |
| Stock-based comp | $19M | $20M | $31M | $37M | $40M | 9.4% |
| Buybacks | — | — | — | — | $189M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $12M · 4
- Open-market sells, 12 mo
- $0 · 0
- Net
- $12M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $22M | −$37M | 254 | 181 |
| FY2025 | $21M | $110M | 274 | 186 |
| FY2024 | $16M | $44M | 194 | 141 |
| FY2023 | $10M | $9M | 124 | 96 |
| FY2022 | $8M | $11M | 126 | 80 |