Stride Inc
NYSE:LRN
Income Statement
Earnings Waterfall
Stride Inc
Revenue
|
2B
USD
|
Cost of Revenue
|
-1.2B
USD
|
Gross Profit
|
747.5m
USD
|
Operating Expenses
|
-517.6m
USD
|
Operating Income
|
229.9m
USD
|
Other Expenses
|
-45.1m
USD
|
Net Income
|
184.8m
USD
|
Income Statement
Stride Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
891
N/A
|
920
+3%
|
928
+1%
|
935
+1%
|
945
+1%
|
948
+0%
|
933
-2%
|
910
-2%
|
887
-3%
|
873
-2%
|
881
+1%
|
893
+1%
|
894
+0%
|
889
-1%
|
888
0%
|
884
0%
|
895
+1%
|
918
+3%
|
940
+2%
|
978
+4%
|
998
+2%
|
1 016
+2%
|
1 022
+1%
|
1 024
+0%
|
1 028
+0%
|
1 041
+1%
|
1 155
+11%
|
1 273
+10%
|
1 408
+11%
|
1 537
+9%
|
1 566
+2%
|
1 599
+2%
|
1 629
+2%
|
1 687
+4%
|
1 712
+1%
|
1 761
+3%
|
1 809
+3%
|
1 837
+2%
|
1 892
+3%
|
1 939
+2%
|
1 989
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(556)
|
(569)
|
(583)
|
(575)
|
(583)
|
(608)
|
(600)
|
(585)
|
(570)
|
(547)
|
(552)
|
(560)
|
(561)
|
(557)
|
(561)
|
(562)
|
(575)
|
(593)
|
(604)
|
(625)
|
(645)
|
(663)
|
(674)
|
(681)
|
(692)
|
(693)
|
(765)
|
(844)
|
(918)
|
(1 002)
|
(1 035)
|
(1 050)
|
(1 064)
|
(1 090)
|
(1 112)
|
(1 138)
|
(1 166)
|
(1 190)
|
(1 202)
|
(1 217)
|
(1 242)
|
|
Gross Profit |
334
N/A
|
350
+5%
|
345
-2%
|
361
+5%
|
362
+0%
|
341
-6%
|
333
-2%
|
326
-2%
|
317
-3%
|
326
+3%
|
329
+1%
|
333
+1%
|
333
0%
|
331
0%
|
328
-1%
|
322
-2%
|
320
-1%
|
325
+2%
|
336
+3%
|
353
+5%
|
354
+0%
|
352
0%
|
348
-1%
|
343
-1%
|
337
-2%
|
348
+3%
|
390
+12%
|
429
+10%
|
490
+14%
|
535
+9%
|
531
-1%
|
550
+3%
|
565
+3%
|
596
+5%
|
600
+1%
|
622
+4%
|
643
+3%
|
647
+1%
|
690
+7%
|
721
+5%
|
747
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(323)
|
(328)
|
(327)
|
(313)
|
(314)
|
(322)
|
(322)
|
(321)
|
(320)
|
(312)
|
(317)
|
(318)
|
(324)
|
(318)
|
(320)
|
(319)
|
(309)
|
(300)
|
(307)
|
(304)
|
(301)
|
(307)
|
(308)
|
(306)
|
(308)
|
(315)
|
(326)
|
(357)
|
(394)
|
(424)
|
(440)
|
(440)
|
(433)
|
(440)
|
(465)
|
(476)
|
(485)
|
(482)
|
(493)
|
(508)
|
(518)
|
|
Selling, General & Administrative |
(305)
|
(302)
|
(315)
|
(301)
|
(302)
|
(294)
|
(308)
|
(306)
|
(306)
|
(290)
|
(308)
|
(309)
|
(313)
|
(291)
|
(297)
|
(297)
|
(289)
|
(276)
|
(297)
|
(295)
|
(292)
|
(285)
|
(302)
|
(302)
|
(306)
|
(290)
|
(322)
|
(348)
|
(380)
|
(398)
|
(416)
|
(415)
|
(408)
|
(410)
|
(445)
|
(456)
|
(465)
|
(442)
|
(469)
|
(484)
|
(494)
|
|
Research & Development |
(6)
|
(14)
|
(4)
|
(8)
|
(12)
|
(14)
|
(18)
|
(14)
|
(13)
|
(10)
|
(10)
|
(10)
|
(11)
|
(13)
|
(12)
|
(12)
|
(10)
|
(9)
|
(10)
|
(9)
|
(9)
|
(10)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(12)
|
(11)
|
(8)
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(16)
|
(4)
|
(9)
|
(14)
|
(22)
|
(24)
|
(25)
|
(26)
|
(24)
|
(21)
|
(21)
|
(21)
|
(24)
|
(24)
|
(24)
|
(24)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(4)
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(10)
|
(10)
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(5)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
11
N/A
|
23
+101%
|
18
-21%
|
48
+162%
|
48
N/A
|
18
-61%
|
11
-40%
|
5
-52%
|
(3)
N/A
|
14
N/A
|
12
-17%
|
15
+31%
|
9
-41%
|
13
+47%
|
8
-39%
|
3
-58%
|
10
+203%
|
26
+148%
|
30
+16%
|
49
+66%
|
53
+7%
|
46
-14%
|
40
-12%
|
37
-8%
|
28
-24%
|
33
+16%
|
64
+97%
|
72
+13%
|
96
+33%
|
110
+15%
|
92
-17%
|
110
+20%
|
132
+20%
|
157
+19%
|
135
-14%
|
146
+8%
|
158
+8%
|
165
+5%
|
198
+19%
|
214
+8%
|
230
+8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
(0)
|
0
|
0
|
0
|
(3)
|
(4)
|
(4)
|
(4)
|
(1)
|
0
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
3
|
2
|
3
|
2
|
1
|
(2)
|
(8)
|
(13)
|
(18)
|
(18)
|
(15)
|
(12)
|
(8)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
7
|
6
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
(1)
|
0
|
1
|
2
|
3
|
3
|
2
|
5
|
5
|
(1)
|
(0)
|
(0)
|
4
|
15
|
20
|
22
|
25
|
|
Pre-Tax Income |
13
N/A
|
29
+123%
|
25
-15%
|
54
+119%
|
54
-1%
|
15
-72%
|
7
-51%
|
1
-82%
|
(7)
N/A
|
13
N/A
|
12
-12%
|
16
+35%
|
10
-35%
|
5
-52%
|
10
+100%
|
5
-49%
|
12
+132%
|
27
+128%
|
31
+16%
|
50
+62%
|
54
+9%
|
48
-11%
|
43
-11%
|
41
-4%
|
30
-27%
|
33
+12%
|
62
+87%
|
66
+6%
|
86
+31%
|
95
+10%
|
76
-20%
|
100
+32%
|
125
+25%
|
147
+18%
|
126
-14%
|
137
+9%
|
153
+12%
|
173
+13%
|
209
+21%
|
228
+9%
|
247
+8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(11)
|
(8)
|
(21)
|
(20)
|
(6)
|
(4)
|
(2)
|
3
|
(5)
|
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
2
|
0
|
1
|
(3)
|
(12)
|
(11)
|
(11)
|
(7)
|
(8)
|
(7)
|
(9)
|
(15)
|
(15)
|
(21)
|
(25)
|
(24)
|
(29)
|
(36)
|
(40)
|
(35)
|
(38)
|
(41)
|
(45)
|
(54)
|
(58)
|
(63)
|
|
Income from Continuing Operations |
7
|
18
|
17
|
33
|
34
|
9
|
3
|
(1)
|
(4)
|
9
|
8
|
11
|
6
|
(1)
|
5
|
7
|
11
|
27
|
27
|
38
|
44
|
38
|
36
|
33
|
23
|
25
|
47
|
51
|
65
|
71
|
52
|
71
|
89
|
107
|
91
|
99
|
112
|
127
|
154
|
170
|
184
|
|
Income to Minority Interest |
2
|
2
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
(0)
|
0
|
0
|
(1)
|
0
|
(1)
|
(0)
|
0
|
1
|
1
|
|
Net Income (Common) |
9
N/A
|
20
+111%
|
18
-9%
|
34
+90%
|
35
+3%
|
11
-68%
|
5
-55%
|
1
-78%
|
(2)
N/A
|
9
N/A
|
8
-11%
|
11
+40%
|
6
-46%
|
1
-92%
|
6
+1 140%
|
8
+26%
|
12
+51%
|
28
+134%
|
27
-1%
|
38
+38%
|
43
+14%
|
37
-14%
|
36
-4%
|
33
-9%
|
23
-30%
|
25
+7%
|
47
+92%
|
51
+8%
|
66
+29%
|
71
+8%
|
53
-26%
|
70
+33%
|
90
+27%
|
107
+20%
|
90
-16%
|
99
+10%
|
112
+13%
|
127
+14%
|
154
+22%
|
171
+10%
|
185
+8%
|
|
EPS (Diluted) |
0.22
N/A
|
0.5
+127%
|
0.47
-6%
|
0.89
+89%
|
0.93
+4%
|
0.29
-69%
|
0.13
-55%
|
0.03
-77%
|
-0.05
N/A
|
0.23
N/A
|
0.21
-9%
|
0.28
+33%
|
0.14
-50%
|
0.01
-93%
|
0.15
+1 400%
|
0.18
+20%
|
0.27
+50%
|
0.68
+152%
|
0.71
+4%
|
0.92
+30%
|
1.04
+13%
|
0.91
-13%
|
0.91
N/A
|
0.81
-11%
|
0.57
-30%
|
0.6
+5%
|
1.11
+85%
|
1.24
+12%
|
1.59
+28%
|
1.71
+8%
|
1.3
-24%
|
1.67
+28%
|
2.12
+27%
|
2.52
+19%
|
2.14
-15%
|
2.33
+9%
|
2.61
+12%
|
2.97
+14%
|
3.59
+21%
|
3.92
+9%
|
4.23
+8%
|