LRN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $78.89
Market Cap (MRQ) $3.27B
P/E (TTM) 11.0
EPS (TTM) $7.14
Revenue (TTM) $2.52B
ROE (TTM) 21.7%
Debt/Equity 0.3
52W Range $61–$155

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04
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About Stride, Inc. Common Stock Company overview from Wikipedia

05 · wikidata

Stride, Inc. (formerly K12 Inc.) is a for-profit education company that provides online and blended education programs. Stride, Inc. is an education management organization (EMO) that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade (hence its former name), as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.

History

Finance

Ronald J. Packard, a former banker, founded the company in April 2000. Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who, along with the Milken Family Foundation, invested $10 million. Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital. It became a publicly traded company on December 13, 2007.

Leadership

William Bennett, Secretary of Education under Ronald Reagan was hired as the company's first chairman of the board, serving until 2005. In 2005, the Philadelphia Board of Education called for the termination of a $3M science curriculum contract with K12 after Bennett said, "if you wanted to reduce crime...you could abort every black baby in the country and your crime rate would go down. That would be an impossible, ridiculous, and morally reprehensible thing to do, but your crime rate would go down." Bennett subsequently resigned from the K12 board and his part-time position with K12. The contract was not revoked, but was not renewed at the end of the contract term. Founder Packard resigned in 2014 to start Pansophic Learning.

Offerings

Education management

Stride, Inc. is a for-profit education management organization (EMO). In this sector, Stride does not operate physical schools, but provides online curriculum to homeschooled children and other schools. Stride was the largest EMO in the US in 2011–2012. Stride's for-profit rival EdisonLearning has also moved away from physical schoolhouses to virtual offerings.

Stride offers its online curriculum at three levels:

To states and districts as a homeschooling alternative to brick-and-mortar schools

To school districts as a supplement to classroom teaching

To parents individually as a private, online, homeschooling alternative

In 2015, 526 virtual schools in the United States enrolled 278,511 students. During the pandemic, enrollment in virtual schools nearly doubled. In the 2019–2020 school year, there were 477 virtual schools with 332,379 students in the U.S. In the 2021–2022 school year, there were 726 virtual schools in the U.S. enrolling 643,930 students.

Charter management

Stride competes with non-profit educational organizations known as charter management organizations (CMOs) that typically run brick-and-mortar schools. Other large non-profits are Imagine Schools (55 schools), KIPP (209 schools), and Cosmos. Multi-state EMOs and CMOs control about a third of the charter school market. K12 provides to online non-profit CMOs including Agora and Insight in Pennsylvania. The company manages state-funded virtual charter schools and hybrid schools in twenty-nine U.S. states and the District of Columbia. In 2015, Stride was CMO (and charter holder) for schools enrolling 44,559 students.

Curriculum

Stride's product line includes courses for pre-K, elementary, middle, and high school grades, online learning platforms, and educational software. All courses provided by Stride Inc. are delivered through Brightspace, a D2L platform.

The K-8 curriculum includes core subject areas: math, science, language arts, history, art, music, and world languages. The majority of lessons in the early grades are offline using textbooks, printed materials, and hands-on activities. The learning coach (typically a parent or guardian) is expected to spend three to five hours each day monitoring students' progress, logging attendance, and facilitating lessons. Short answer or multiple choice assessments are given at the end of most lessons in K-8 and are administered and recorded by the learning coach.

At the high school level (grades 9–12), students complete all coursework online. Less parental involvement is expected. In high school, teachers monitor student's progress and grade tests and assignments. In addition to core and comprehensive courses, students can choose remedial, Honors, Credit Recovery and Advanced Placement options. Unlike in the K-8 grades, high school courses take place mostly online. Students attend live online classes and have more communication with teachers, via e-mail, phone, and online conferences.

In all cases, the school assigns a state-certified teacher to assist the coach and student. The cost to a sponsoring agency depends on the teacher-student ratio selected. Stride offered the Commonwealth of Virginia three plans: a teacher-student ratio of forty, fifty, or sixty to one. Teacher interaction is accomplished through virtual classroom environments using Newrow, a virtual classroom conferencing system by Kaltura, telephone, and face-to-face meetings and events. In hybrid schools, students complete the same curriculum but attend a physical building and participate in classes with other students and teachers.

Branding

Stride, Inc. offers itself through a variety of brands.

State and district sponsored homeschooling

Stride develops identities for specific opportunities. In Union County, Tennessee, it has operated Tennessee Virtual Academy since 2011. In Pennsylvania, it operates Insight Pennsylvania Cyber Charter School.

Stride previously operated Hoosier Academy Virtual Charter School, an online K–12 charter school in Indiana started in 2009 that enrolled 3,681 students in the 2015–2016 school year. The school suffered from six successive years of "F" ratings, which nearly resulted in its closure in 2016. Later, the school was closed on June 30, 2018, after the school board voted not to renew the charter.

Private online K–12 schools

Stride, Inc. operates three online private schools: K12 Private Academy, George Washington University Online High School, and the Keystone School. In 2011, The George Washington University partnered with Stride to offer a full-time online private school accredited by the Middle States Association of Colleges and Schools commissions on Elementary and Secondary Schools.

Career learning

Stride, Inc. offers career and technical education programs at public schools, called Destinations Career Academies and Programs to students in grades 9–12.

In 2020, Stride expanded into the adult learning space with the acquisition of data science and software engineering bootcamp Galvanize. With the companies rebrand in November 2020, it was announced that they would acquire Tech Elevator, a computer coding bootcamp, and MedCerts, an online healthcare career training program.

Learning Solutions

In April 2014, Stride, Inc. established wholly owned subsidiary, Fuel Education. Fuel Education operated as a separate legal entity from Stride, Inc., and houses different personalized learning programs. The subsidiary has since rebranded as Learning Solutions.

School assessment

The National Education Policy Center regularly conducts studies of the performance of Stride and other for-profit virtual schools including Connections Academy (a subsidiary of Pearson Education).

A study at Western Michigan University and the National Education Policy Center found that only a third of K12's schools achieved Adequate Yearly Progress (AYP), which is required for public schools by the federal No Child Left Behind (NCLB) legislation. According to The New York Times, "By almost every educational measure, the Agora Cyber Charter School [a school run by K12] is failing." In Pennsylvania, 42% of Agora students tested at grade level or better in math, compared with 75% of students statewide. 52% of Agora students tested at grade level or better in reading, compared with 72% statewide. Nonetheless, Agora brought K12 $72 million in the 2011 school year – more than 10% of K12's revenue. Agora terminated its contract with K12 in 2014. Proponents argue that such statistics are undermined by the fact that a significant proportion of newly enrolled students begin several grade levels behind because of a failure of brick and mortar schools. Education reformers such as United States Secretary of Education Arne Duncan, have further stated that AYP is not an accurate measure of a school's performance and estimated that under NCLB, as many as "82 percent of America's schools could be labeled 'failing'".

From 2010 through 2016, Hoosier Academy Virtual Charter School received six successive "F" grades from the Indiana Department of Education.

A paper by Yale students

found "With no exceptions, students enrolled in K12 schools performed worse in math than their district and state counterparts. With only one exception, they performed worse in English and language arts"

The press and politicians have been equally critical. A 2012 PolitiFact.com article noted K12's poor performance in Tennessee. The New York Times investigated K12 and concluded that the company squeezes profits from public school funding by raising enrollment, increasing teacher workload, and lowering standards. The Washington Post raised similar issues.

K12 defends its position, describing its student base as "at risk" to begin with.

Lobbying efforts

The New York Times wrote that K12's profits are used to pay for advertising and lobbying state officials. K12 spent $26.5M on advertising in 2010 and the company and its employees contributed nearly $500,000 to state political candidates from 2004 to 2010. K12 has contributed money to organizations like Pennsylvania Families for Public Cyber Schools, which lobbied for online schools. In Ohio, an organization founded by a K12 official hired temp agency workers to demonstrate with signs against state representative Steven Dryer, who challenged their funding.

Ransomware attacks

In November, 2020, Stride was attacked by Ryuk ransomware criminals, rendering some of Stride's records inaccessible and leading to the threatened release of students' personal information. The company paid an undisclosed ransom amount, saying, "Based on the specific characteristics of the case, and the guidance we have received about the attack and the threat actor, we believe the payment was a reasonable measure to take in order to prevent misuse of any information the attacker obtained".

In May, 2026, Stride's schools were affected by the 2026 Canvas data breach incident.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorDiversified Consumer Services industryDiversified Consumer Services employees9,200 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2.52B
2017-06-30 → 2026-06-30
EPS$7.14
2017-06-30 → 2026-06-30
Free Cash Flow$433M
2017-06-30 → 2026-06-30
Net margin13.4%
2017-06-30 → 2026-06-30
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend LRN 5Y avg Peer Median Verdict
P/E (TTM) 11.05Y avg ≈16.0 ≈16.0 · ·
P/S (TTM) 1.35Y avg ≈1.5 ≈1.5 · ·
P/B (MRQ) 2.05Y avg ≈2.6 ≈2.6 · ·
EV / EBITDA 4.75Y avg ≈7.6 ≈7.6 · ·
Price / FCF (TTM) 7.65Y avg ≈10.2 ≈10.2 · ·
Price / Cash Flow (TTM) 7.55Y avg ≈10.0 ≈10.0 · ·
EV / Revenue 1.15Y avg ≈1.4 ≈1.4 · ·
EV / FCF 6.35Y avg ≈9.5 ≈9.5 · ·
Price / Tangible Book (MRQ) 2.05Y avg ≈3.5 ≈3.5 · ·
PEG Ratio ≈0.3 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 0.04%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $1.75 $1.85 -5.5%
March 31, 2026 $2.12 $2.06 2.9%
Dec. 31, 2025 $2.50 $2.10 18.9%
Sept. 30, 2025 $1.40 $1.11 26.0%
June 30, 2025 $1.03 $1.76 -41.5%
March 31, 2025 $2.02 $2.03 -0.50%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202620252024202320222021202020192018201720162015
Revenue $2.52B$2.41B$2.04B$1.84B$1.69B$1.54B$1.04B$1.02B$918M$889M$873M$948M
Cost of Revenue $1.57B$1.46B$1.28B$1.19B$1.09B$1.00B$693M$663M$592M$557M$547M$608M
Gross Profit $951M$944M$764M$647M$596M$535M$348M$352M$325M···
R&D Expense $22M$17M$17M$16M$8M$4M$10M$10M$9M$12M$10M$14M
SG&A Expense $500M$524M$514M$482M$440M$424M$315M$307M$300M$306M$302M$308M
Operating Expenses ·······$970M$892M$875M$859M$930M
Operating Income $451M$360M$250M$165M$157M$110M$32M$45M$26M$13M$14M$18M
Other Non-op $2M$34M$27M$15M$-1M$3M$272.0K$114.0K····
Pretax Income $441M$381M$269M$172M$147M$96M$33M$48M$27M$5M$13M$15M
Income Tax $103M$93M$64M$45M$40M$25M$9M$11M$-910.0K$5M$5M$6M
Net Income $338M$288M$204M$127M$107M$71M$25M$37M$28M$451.0K$9M$11M
EPS (Basic) $7.92$6.69$4.79$3.00$2.58$1.78$0.62$0.96$0.70$0.01$0.24$0.29
EPS (Diluted) $7.14$5.95$4.69$2.97$2.52$1.71$0.60$0.91$0.68$0.01$0.23$0.29
Shares (Basic) 42,717,15643,041,27442,626,58842,286,39241,451,10140,211,01639,478,92838,848,78039,282,67438,298,58137,613,78237,330,569
Shares (Diluted) 47,332,85548,413,71743,535,44142,728,10842,441,52441,868,58040,663,22440,944,80040,637,74439,500,93438,850,38837,625,425
EBITDA $577M$475M$359M$276M$255M$201M$105M$117M$101M$87M$82M$102M
Balance Sheet 30
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents $755M$782M$501M$411M$389M$386M$212M$283M$231M$231M$214M$196M
Short-term Investments $203M$203M$192M$112M········
Receivables $665M$560M$473M$464M$419M$369M$236M$192M$176M$192M$170M$188M
Inventory $38M$38M$37M$37M$36M$40M$28M$30M$26M$31M$31M$30M
Prepaid Expense $43M$36M$29M$25M$26M$19M$13M$13M$10M$8M$10M$11M
Other Current Assets $12M$15M$14M$17M$81M$43M$11M$12M$10M$12M$22M$25M
Current Assets $1.72B$1.63B$1.25B$1.07B$951M$858M$501M$530M$454M$474M$446M$459M
PP&E (Net) $102M$79M$51M$52M$62M$72M$39M$32M$29M$26M$28M$34M
PP&E (Gross) $254M$204M$163M$158M$151M$160M$113M$99M$88M$98M$102M$112M
Accum. Depreciation $152M$126M$113M$105M$89M$88M$75M$67M$59M$71M$74M$78M
Goodwill $247M$247M$247M$247M$241M$240M$175M$90M$90M$87M$87M$66M
Intangibles $11M$18M$60M$75M$89M$99M$77M$15M$18M$20M$23M$21M
Other Non-current Assets $208M$157M$120M$109M$94M$106M$72M$48M$42M$6M$16M$6M
Total Assets $2.44B$2.29B$1.92B$1.76B$1.64B$1.58B$1.07B$820M$742M$735M$734M$709M
Accounts Payable $47M$44M$41M$49M$62M$62M$40M$50M$29M$30M$26M$30M
Accrued Liabilities $95M$103M$61M$77M$63M$78M$27M$21M$14M$22M$27M$12M
Current Liabilities $289M$303M$244M$309M$302M$306M$273M$156M$116M$118M$123M$111M
Capital Leases $8M$35M$45M$59M$75M$77M$97M$5M$13M$10M$10M$13M
Deferred Tax $13M···$3M$32M$14M$17M$13M$17M$18M$22M
Other Non-current Liabilities $19M$15M$14M$10M$10M$16M$10M$9M$10M$12M$10M$8M
Total Liabilities $803M$814M$744M$813M$831M$773M$398M$186M$155M$160M$168M$162M
Long-term Debt $418M$416M$415M$413M$411M$299M······
Total Debt $418M$416M$415M$413M$411M$299M······
Common Stock $4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K$4.0K
Retained Earnings $1.18B$846M$559M$354M$227M$112M$47M$22M$-13M$-41M$-41M$-50M
Treasury Stock $292M$102M$102M$102M$102M$102M$102M$102M$102M$75M$75M$75M
AOCI $-59.0K$-67.0K$-42.0K$-35.0K$143.0K$-474.0K$93.0K$-40.0K$-252.0K$-170.0K$-293.0K$-1M
Stockholders' Equity $1.63B$1.48B$1.18B$947M$813M$805M$675M$633M$587M$574M$559M$537M
Liabilities + Equity $2.44B$2.29B$1.92B$1.76B$1.64B$1.58B$1.07B$820M$742M$735M$734M$709M
Shares Outstanding 41,477,23043,517,67643,241,42143,004,30542,777,92141,576,78441,006,88440,240,49339,567,82440,823,17439,681,47038,335,296
Cash Flow 14
Metric Trend 202620252024202320222021202020192018201720162015
D&A $127M$115M$110M$110M$98M$90M$72M$71M$75M$74M$68M$80M
Stock-based Comp $40M$37M$31M$20M$19M$39M$24M$17M$21M$23M$19M$21M
Deferred Tax $40M$-18M$3M$-10M$1M$3M$-1M$4M$-4M$-7M$-7M$-3M
Amort. of Intangibles $7M$10M$13M$15M$13M$12M$6M$3M$3M$3M$3M$3M
Other Non-cash $-111M$11M$-69M$-44M$-18M$-69M$-38M$13M$-16M$-2M$30M$7M
Operating Cash Flow $434M$433M$279M$203M$207M$134M$80M$142M$105M$89M$122M$120M
CapEx $587.0K$2M$2M$4M$10M$4M$2M$5M$9M$2M$5M$10M
Investing Cash Flow $-180M$-88M$-140M$-118M$-111M$-165M$-217M$-61M$-50M$-57M$-83M$-68M
Stock Repurchased $189M·······$27M··$26M
Net Stock Activity $-189M·······$-27M··$-26M
Financing Cash Flow $-282M$-63M$-49M$-64M$-93M$205M$66M$-29M$-53M$-15M$-21M$-50M
Net Change in Cash $-28M$282M$90M$21M$3M$173M$-71M$52M$2M$17M$18M$-257.0K
Taxes Paid $88M$68M$85M$37M$36M$19M$3M$4M$12M$8M$1M$19M
Free Cash Flow $433M$431M$277M$199M$197M$131M$79M$136M$95M$87M$117M$110M
Profitability 8
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 37.8%39.2%37.4%35.2%35.4%34.8%33.4%·····
Operating Margin 17.9%15.0%12.2%9.0%9.3%7.2%3.1%4.5%2.8%1.5%1.6%1.9%
Net Margin 13.4%12.0%10.0%6.9%6.3%4.7%2.4%3.7%3.0%0.05%1.0%1.2%
Pretax Margin 17.5%15.8%13.2%9.4%8.7%6.2%3.2%4.8%2.9%0.56%1.5%1.6%
EBITDA Margin 22.9%19.7%17.6%15.0%15.1%13.1%10.1%11.5%11.0%9.8%9.4%10.8%
ROA 14.3%13.7%11.1%7.4%6.7%5.4%2.6%4.8%3.7%0.06%1.2%1.6%
ROE 21.3%20.6%17.9%13.7%13.5%9.0%3.7%5.9%4.7%0.08%1.7%2.1%
ROIC 16.9%14.4%11.9%9.0%9.3%7.4%3.6%5.6%4.5%-0.21%1.6%2.1%
Liquidity & Solvency 4
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 5.95.45.13.43.12.81.83.44.04.03.64.1
Quick Ratio 5.65.14.82.82.72.51.63.13.53.63.13.5
Debt / Equity 0.30.30.40.40.50.4······
LT Debt / Equity 0.30.30.40.40.50.4······
Efficiency 3
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 1.11.11.11.11.01.21.11.31.21.21.21.3
Inventory Turnover 41.339.334.832.728.829.523.823.819.218.218.219.2
Receivables Turnover 4.14.74.44.24.35.14.95.55.04.94.95.0
Per Share 5
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share $39.35$34.00$27.20$22.03$19.00$19.35$16.47$15.74$14.84$14.07$14.08$14.01
Revenue / Share $53.20$49.68$46.86$43.00$39.74$36.70$25.59$24.81$22.58$22.49$22.46$25.20
Cash Flow / Share $9.17$8.94$6.40$4.75$4.87$3.20$1.98$3.46$2.55$2.25$3.13$3.19
Cash / Share $18.19$17.98$11.58$9.55$9.10$9.29$5.18$7.04$5.84$5.66$5.39$5.11
EPS (TTM) $7.14$5.95$4.69$2.97$2.52$1.71$0.60$0.91$0.68$0.01$0.23$0.29
Growth Rates 9
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 4.7%17.9%11.0%8.9%9.8%47.7%······
Revenue CAGR 3Y 11.1%12.6%9.9%20.9%········
Revenue CAGR 5Y 10.4%18.2%··········
EPS YoY 20.0%26.9%57.9%17.9%47.4%185.0%······
EPS CAGR 3Y 34.0%33.2%40.0%70.4%········
EPS CAGR 5Y 33.1%58.2%··········
Net Income YoY 17.4%41.0%60.9%18.4%49.9%191.6%······
Net Income CAGR 3Y 38.7%39.0%41.9%73.0%········
Net Income CAGR 5Y 36.5%63.7%··········
Valuation (TTM) 14
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM $2.52B$2.41B$2.04B$1.84B$1.69B$1.54B$1.04B$1.02B$918M$889M$873M$948M
Net Income TTM $338M$288M$204M$127M$107M$71M$25M$37M$28M$451.0K$9M$11M
Market Cap $3.58B$6.32B$3.05B$1.60B$1.74B$1.34B$1.12B$1.22B$648M$732M$496M$485M
Enterprise Value $3.04B$5.75B$2.77B$1.60B$1.77B$1.25B······
P/E 12.124.415.012.516.218.845.433.424.11792.054.343.6
P/S 1.42.61.50.91.00.91.11.20.70.80.60.5
P/B 2.24.32.61.72.11.71.71.91.11.30.90.9
P / Tangible Book 2.65.23.52.63.62.92.6·····
P / Cash Flow 8.214.610.97.98.410.013.98.66.38.24.14.0
P / FCF 8.314.711.08.18.910.214.29.06.88.54.24.4
EV / EBITDA 5.312.17.75.86.96.2······
EV / FCF 7.013.310.08.19.09.6······
EV / Revenue 1.22.41.40.91.00.8······
Earnings Yield 8.3%4.1%6.7%8.0%6.2%5.3%2.2%3.0%4.2%0.06%1.8%2.3%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2026-06-302025-06-302024-06-302023-06-302022-06-30
Revenue $2.52B $2.41B $2.04B $1.84B $1.69B
Gross Margin % 37.8% 39.2% 37.4% 35.2% 35.4%
Operating Margin % 17.9% 15.0% 12.2% 9.0% 9.3%
Net Income $338M $288M $204M $127M $107M
Diluted EPS $7.14 $5.95 $4.69 $2.97 $2.52

Institutional owners (13F) 460 filers · $4.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 460
Value held $4.6B
New positions 56
Exited positions 53
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
56 (-49 vs prior Q) 53 (-10 vs prior Q) 161 (+14 vs prior Q) 139 (-10 vs prior Q) -1.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $555,361,100 6,439,716 12.14% Shares
VANGUARD GROUP INC $317,090,265 4,883,571 6.93% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $204,705,128 2,373,668 4.47% Shares
JANUS HENDERSON GROUP PLC $200,798,872 2,277,279 4.39% Shares
DIMENSIONAL FUND ADVISORS LP $165,186,931 1,915,428 3.61% Shares
VANGUARD CAPITAL MANAGEMENT LLC $158,600,448 1,839,059 3.47% Shares
STATE STREET CORP $143,291,027 1,661,526 3.13% Shares
JANE STREET GROUP, LLC $129,704,960 1,504,000 2.83% Call option
Impactive Capital LP $112,425,569 1,303,636 2.46% Shares
MORGAN STANLEY $111,792,257 1,296,291 2.44% Shares
FRONTIER CAPITAL MANAGEMENT CO LLC $102,773,099 1,191,710 2.25% Shares
PRINCIPAL FINANCIAL GROUP INC $96,031,258 1,113,535 2.10% Shares
GEODE CAPITAL MANAGEMENT, LLC $95,228,486 1,104,032 2.08% Shares
Swedbank AB $83,900,654 972,874 1.83% Shares
Voss Capital, LP $76,374,575 885,605 1.67% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $71,035,716 823,698 1.55% Shares
Invesco Ltd. $67,247,279 779,769 1.47% Shares
Khrom Capital Management LLC $64,694,316 750,166 1.41% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $64,278,647 745,346 1.40% Shares
DEUTSCHE BANK AG\ $63,623,991 737,755 1.39% Shares
BARCLAYS PLC $62,360,144 723,100 1.36% Call option
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $58,090,833 673,595 1.27% Shares
AMERICAN CENTURY COMPANIES INC $54,649,512 633,691 1.19% Shares
BANK OF AMERICA CORP /DE/ $49,349,547 572,235 1.08% Shares
NORGES BANK $49,295,646 571,610 1.08% Shares
Fivespan Partners, LP $47,703,742 553,151 1.04% Shares
UBS Group AG $45,779,037 530,833 1.00% Shares
VICTORY CAPITAL MANAGEMENT INC $43,596,390 505,524 0.95% Shares
BREACH INLET CAPITAL MANAGEMENT, LLC $41,261,959 478,455 0.90% Shares
NORTHERN TRUST CORP $40,639,307 471,235 0.89% Shares
RICE HALL JAMES & ASSOCIATES, LLC $37,857,721 438,981 0.83% Shares
Rockefeller Capital Management L.P. $31,156,874 361,281 0.68% Shares
BANK OF NOVA SCOTIA $30,184,000 350,000 0.66% Shares
BNP PARIBAS FINANCIAL MARKETS $29,385,418 340,740 0.64% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $29,377,100 340,642 0.64% Shares
JPMORGAN CHASE & CO $25,248,135 290,555 0.55% Shares
VANGUARD FIDUCIARY TRUST CO $25,176,216 291,932 0.55% Shares
CITIGROUP INC $24,124,347 279,735 0.53% Shares
Bank of New York Mellon Corp $24,034,194 278,690 0.53% Shares
TWO SIGMA ADVISERS, LP $24,003,842 369,688 0.52% Shares
Simcoe Capital Management, LLC $23,078,255 267,605 0.50% Shares
Fiera Capital Corp $20,634,558 239,269 0.45% Shares
Public Sector Pension Investment Board $20,405,246 236,610 0.45% Shares
JANE STREET GROUP, LLC $19,371,143 224,619 0.42% Shares
WELLINGTON MANAGEMENT GROUP LLP $18,810,066 218,113 0.41% Shares
ALGERT GLOBAL LLC $17,311,645 200,738 0.38% Shares
Praetorian PR LLC $17,248,000 200,000 0.38% Shares
CITADEL ADVISORS LLC $17,023,776 197,400 0.37% Put option
GOLDMAN SACHS GROUP INC $16,999,198 197,115 0.37% Shares
LPL Financial LLC $16,743,151 194,146 0.37% Shares

Show all 460 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
TCV VII, L.P., TCV VII (A), L.P., TCV MEMBER FUND, L.P., TECHNOLOGY CROSSOVER MANAGEMENT VII, L.P., TECHNOLOGY CROSSOVER MANAGEMENT VII, LTD., TCV VII MANAGEMENT, L.L.C., JAY C. HOAG, RICHARD H. KIMBALL, JOHN L. DREW, JON Q. REYNOLDS, JR., ROBERT W. TRUDEAU, CHRISTOPHER P. MARSHALL, TIMOTHY P. McADAM, JOHN C. ROSENBERG, DAVID L. YUAN ×4 filings May 14, 2018 · Initial filing · SEC
Learning Group LLC, Hampstead Associates, L.L.C., Knowledge Universe Learning Group LLC, Knowledge Universe LLC, KCDL Holdings LLC, Lowell J. Milken, Michael R. Milken ×3 filings Sept. 4, 2013 · Initial filing · SEC
March 4, 2013 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 54 insiders · 25 officers · 20 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
James Jeaho Rhyu CHIEF EXECUTIVE OFFICER Feb. 19, 2026 G 733,227 0 0 $0
Stuart Udell Chief Executive Officer Feb. 15, 2018 F 599,234 0 0 $0
Donna Blackman CHIEF FINANCIAL OFFICER Sept. 16, 2026 M 194,892 0 0 $0
Timothy Medina CHIEF FINANCIAL OFFICER April 15, 2022 F 88,464 0 0 $0
Harry T Hawks EVP & Chief Financial Officer May 31, 2013 F 37,194 0 0 $0
John F. Baule COO & CFO Sept. 2, 2009 M 0 0 0 $0
Timothy Murray President and COO Sept. 15, 2015 F 145,450 0 0 $0
Todd Goldthwaite MANAGING DIRECTOR Sept. 16, 2026 M 105,988 0 0 $0
Greerson Greene Mcmullen EVP, GENERAL COUNSEL Sept. 15, 2026 F 24,035 0 0 $0
Vincent Mathis EVP, GENERAL COUNSEL Sept. 25, 2024 M 60,759 0 0 $0
Les Ottolenghi CHIEF COMMERCIAL OFFICER Feb. 18, 2024 F 54,547 0 0 $0
Nathaniel A Davis EXECUTIVE CHAIRMAN Aug. 15, 2022 F 907,622 0 0 $0
Kevin Chavous Pres., Acad. Pol. & Ext. Aff. Oct. 6, 2021 M 250,025 0 0 $0
Shaun Mcalmont Pres., Career Learning Sols. Oct. 6, 2021 M 120,091 0 0 $0
Howard D. Polsky General Counsel & Secretary Aug. 27, 2018 S 129,981 0 0 $0
Allison Cleveland EVP, School Mgmt. & Services May 15, 2018 F 113,418 0 0 $0
Joseph Zarella EVP, Business Operations Nov. 15, 2017 F 120,292 0 0 $0
Lynda Cloud EVP, Products Feb. 24, 2017 F 84,452 0 0 $0
John Patrick Olsen EVP of Operations Aug. 14, 2012 A 37,971 0 0 $0
Howard L Allentoff SVP of Human Resources Aug. 14, 2012 A 23,398 0 0 $0
Bruce J Davis EVP of Worldwide Bus. Dev. Aug. 14, 2012 A 36,673 0 0 $0
George B Hughes Jr EVP of School Services Aug. 14, 2012 A 47,519 0 0 $0
Celia M Stokes EVP & Chief Marketing Officer Aug. 14, 2012 A 48,500 0 0 $0
Robert Moon SVP, Chief Information Officer Oct. 14, 2011 M 10,600 0 0 $0
Bror V H Saxberg Chief Learning Officer June 13, 2008 S 48,823 0 0 $0
Brian A. Shepherd Director Aug. 20, 2026 A 1,094 0 0 $0
Allison Lawrence Director Dec. 4, 2025 A · 0 0 $0
Eliza Mcfadden Director Dec. 4, 2025 A 6,359 0 0 $0
Joseph A Verbrugge Director Dec. 4, 2025 A 257 0 0 $0
Steven B Fink Director Dec. 4, 2025 A 175,607 0 0 $0
Robert Cohen Director Dec. 11, 2023 S 9,495 0 0 $0
Craig R Barrett Director Dec. 7, 2023 A 77,452 0 0 $0
Victoria D Harker Director Jan. 3, 2022 A 16,547 0 0 $0
Guillermo Bron Director Jan. 4, 2021 A 61,097 0 0 $0
John M Engler Director Jan. 4, 2021 A 58,284 0 0 $0
Andrew H Tisch Director April 27, 2017 M 121,041 0 0 $0
Fredda J Cassell Director Jan. 4, 2016 A 22,920 0 0 $0
Adam Cohn Director Jan. 4, 2016 A 32,172 0 0 $0
Mary H Futrell Director Aug. 14, 2015 M 24,547 0 0 $0
Ronald J Packard Director Jan. 2, 2014 A 170,392 0 0 $0
Jane Swift Director March 8, 2011 M 4,068 0 0 $0
Thomas J Wilford Director July 26, 2010 M 3,041 0 0 $0
Lowell J Milken 10% owner Feb. 25, 2011 G 61,895 0 0 $0
MILKEN MICHAEL R 10% owner Feb. 25, 2011 G 0 0 0 $0
Robert E Knowling JR · Aug. 10, 2026 A 140,541 0 0 $0
Ralph R Smith · Dec. 4, 2025 A 2,280 0 0 $0
Aida Alvarez · Dec. 4, 2025 A 42,201 0 0 $0
KCDL HOLDINGS LLC · Sept. 3, 2013 J · 0 0 $0
KNOWLEDGE UNIVERSE LEARNING GROUP LLC · Sept. 3, 2013 J 0 0 0 $0
LEARNING GROUP LLC · Sept. 3, 2013 J 0 0 0 $0
Maria A. Szalay · Aug. 14, 2012 A 31,428 0 0 $0
LEARNING GROUP PARTNERS · Feb. 22, 2011 J 0 0 0 $0
CORNERSTONE FINANCIAL GROUP LLC · Feb. 2, 2011 J 0 0 0 $0
Nancy H Hauge · Sept. 11, 2008 M 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 66 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
NEWZ · EA Series Trust 3.19% 7,751 NS July 31, 2026 N-PORT
RSMC · Tidal Trust III 1.72% 163,175 NS July 31, 2026 N-PORT
PSL · Invesco Exchange-Traded Fund Trust 1.46% 14,482 SH Oct. 2, 2026 Daily
PSCD · Invesco Exchange-Traded Fund Trust … 1.42% 4,161 SH Oct. 2, 2026 Daily
CAFG · Pacer Funds Trust 1.19% 4,475 NS July 31, 2026 N-PORT
SCOW · Pacer Funds Trust 0.82% 175 NS July 31, 2026 N-PORT
XSHQ · Invesco Exchange-Traded Fund Trust … 0.71% 26,421 SH Oct. 2, 2026 Daily
FYT · First Trust Exchange-Traded AlphaDE… 0.46% 11,085 NS July 31, 2026 N-PORT
VIOV · VANGUARD ADMIRAL FUNDS 0.39% 88,907 SH Aug. 19, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.30% 50,576 NS July 31, 2026 N-PORT
CALF · Pacer Funds Trust 0.27% 124,127 NS July 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.27% 398 NS July 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.25% 40,371 NS July 31, 2026 N-PORT
ESSC · Strategy Shares 0.24% 1,071 NS July 31, 2026 N-PORT
QVMS · Invesco Exchange-Traded Fund Trust … 0.22% 6,714 SH Oct. 2, 2026 Daily
SMDX · Tidal Trust III 0.20% 3,311 NS July 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.20% 146,544 SH Aug. 19, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.17% 57,271 SH Oct. 2, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.15% 39,090 SH Oct. 2, 2026 Daily
IWO · iShares Trust 0.15% 268,775 SH Sept. 11, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.14% 1,569 NS July 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.14% 30,561 SH Aug. 19, 2026 Daily
DFAT · Dimensional ETF Trust 0.14% 246,207 NS July 31, 2026 N-PORT
ESUM · Strategy Shares 0.13% 2,884 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 10,745 NS July 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.12% 4,188 SH Oct. 2, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 8,793 NS July 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.12% 36,112 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.11% 1,083,889 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.11% 243,450 SH Aug. 19, 2026 Daily
VCR · VANGUARD WORLD FUND 0.11% 88,043 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.11% 20,256 NS July 31, 2026 N-PORT
FDIS · FIDELITY COVINGTON TRUST 0.11% 22,514 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.11% 109,221 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.10% 534,240 SH Aug. 19, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.09% 1,917 NS July 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.08% 12,001 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.08% 150,636 NS July 31, 2026 N-PORT
ESML · iShares Trust 0.07% 25,707 SH Sept. 11, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.07% 5,539 SH Aug. 19, 2026 Daily
ISCG · iShares Trust 0.07% 8,176 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 480,405 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.04% 926,882 SH Aug. 19, 2026 Daily
DXUV · Dimensional ETF Trust 0.03% 2,244 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.03% 2,663 SH Sept. 11, 2026 Daily
ROSC · Lattice Strategies Trust 0.03% 225 NS July 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.02% 40,286 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.02% 90,563 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 2,844 NS July 31, 2026 N-PORT
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 3,550 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 9,358 SH Aug. 19, 2026 Daily
DFAU · Dimensional ETF Trust 0.01% 8,981 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 2,154 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 55,395 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 11,463 SH Sept. 9, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 11,002 NS July 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 1,003 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,283,707 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 33,552 SH Aug. 19, 2026 Daily
IJR · iShares Trust · 2,555,220 SH Sept. 10, 2026 Daily
IJS · iShares Trust · 373,932 SH Sept. 8, 2026 Daily
IWN · iShares Trust · 129,884 SH Sept. 11, 2026 Daily
XJR · iShares Trust · 5,779 SH Aug. 31, 2026 Daily
ISCB · iShares Trust · 1,785 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 3,141 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 50,354 SH Sept. 11, 2026 Daily

LRN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 9 analysts BUY
Median target $109.00 +38.2%
3 33.3% Strong Buy
3 33.3% Buy
3 33.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-02

Mean target $109.00 +38.2%

← Below all targets Current price $78.89
Low$93.00 Mean$109.00 High$125.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
LRN $3.58B 12.1 4.7% 13.4% 21.3% 37.8%
DUOL $8.18B 20.5 38.7% 39.9% 35.6% 72.2%
LAUR $4.81B 17.8 8.6% 16.6% 26.2% ·
GHC · 16.5 2.5% 5.9% 6.5% ·
CVSA $4.24B 17.7 9.3% 12.9% 17.8% ·
LOPE $4.56B 21.6 7.1% 19.5% 28.3% ·
BFAM $5.64B 30.2 9.2% 6.6% 14.1% 23.8%
MH $2.62B 72.1 0.07% 1.7% 4.6% 80.9%
PRDO $1.83B 12.1 24.2% 18.9% 16.3% ·
STRA $1.84B 14.8 4.0% 10.0% 7.6% ·
COUR · -23.7 9.0% · · ·

Latest News Recent headlines mentioning this company

23

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26

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Source: SEC 10-K filed Aug 5, 2026