LRN Stride, Inc. Common Stock

NYSE · Diversified Consumer Services · View on SEC EDGAR ↗
$83.83
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026

About Stride, Inc. Common Stock Company overview from Wikipedia

Stride, 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, as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.

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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 ↗

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

Price
$83.83
Market Cap
$3.48B
P/E (TTM)
11.7
EPS (TTM)
$7.14
Revenue (TTM)
$2.52B
Div Yield
ROE
21.3%
Debt/Equity
0.3
52W Range
$61 – $171

LRN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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

Revenue & Net Income $2.52B
10-point trend, +183.4%
2017-06-30 2026-06-30
EPS $7.14
10-point trend, +71300.0%
2017-06-30 2026-06-30
Free Cash Flow $433M
10-point trend, +400.5%
2017-06-30 2026-06-30
Margins 13.4%
7-point trend, +13.1%
2020-06-30 2026-06-30

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

Metric
5Y trend
LRN
Peer Median
P/E (TTM)
5-point trend, -25.4%
11.7
15.2
P/S (TTM)
5-point trend, +37.3%
1.4
1.8
P/B
5-point trend, +2.0%
2.1
3.6
EV / EBITDA
5-point trend, -24.2%
5.1
Price / FCF
5-point trend, -6.7%
8.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
LRN
Peer Median
Gross Margin
5-point trend, +6.8%
37.8%
54.6%
Operating Margin
5-point trend, +92.7%
17.9%
Net Profit Margin
5-point trend, +111.5%
13.4%
11.7%
ROA
5-point trend, +115.0%
14.3%
7.9%
ROE
5-point trend, +58.1%
21.3%
15.8%
ROIC
5-point trend, +81.1%
16.9%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
LRN
Peer Median
Debt / Equity
5-point trend, -49.4%
0.3
Current Ratio
5-point trend, +88.8%
5.9
1.7
Quick Ratio
5-point trend, +110.0%
5.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
LRN
Peer Median
Revenue YoY
5-point trend, +49.3%
4.7%
Revenue CAGR 3Y
5-point trend, +49.3%
11.1%
Revenue CAGR 5Y
5-point trend, +49.3%
10.4%
EPS YoY
5-point trend, +183.3%
20.0%
Net Income YoY
5-point trend, +215.7%
17.4%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
LRN
Peer Median
EPS (Diluted)
5-point trend, +183.3%
$7.14

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
LRN
Peer Median

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

BUY 9 analysts
  • Strong Buy 3 33.3%
  • Buy 3 33.3%
  • Hold 3 33.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-14
Median target $109.00 +30.0%
Mean target $109.00 +30.0%

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

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.75 $1.85 -0.10%
March 31, 2026 $2.12 $2.06 0.06%
Dec. 31, 2025 $2.50 $2.10 0.40%
Sept. 30, 2025 $1.40 $1.11 0.29%
June 30, 2025 $1.03 $1.76 -0.73%
March 31, 2025 $2.02 $2.03 -0.01%

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

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%
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%
UTI $1.77B 28.8 14.1% 7.5% 20.3%
COUR -23.7 9.0%

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

Income Statement 16
Annual Income Statement data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Revenue 12-point trend, +165.5% $2.52B $2.41B $2.04B $1.84B $1.69B $1.54B $1.04B $1.02B $918M $889M $873M $948M
Cost of Revenue 12-point trend, +157.9% $1.57B $1.46B $1.28B $1.19B $1.09B $1.00B $693M $663M $592M $557M $547M $608M
Gross Profit 9-point trend, +192.3% $951M $944M $764M $647M $596M $535M $348M $352M $325M · · ·
R&D Expense 12-point trend, +53.0% $22M $17M $17M $16M $8M $4M $10M $10M $9M $12M $10M $14M
SG&A Expense 12-point trend, +62.4% $500M $524M $514M $482M $440M $424M $315M $307M $300M $306M $302M $308M
Operating Expenses 5-point trend, +4.3% · · · · · · · $970M $892M $875M $859M $930M
Operating Income 12-point trend, +2346.2% $451M $360M $250M $165M $157M $110M $32M $45M $26M $13M $14M $18M
Other Non-op 8-point trend, +1806.1% $2M $34M $27M $15M $-1M $3M $272.0K $114.0K · · · ·
Pretax Income 12-point trend, +2813.3% $441M $381M $269M $172M $147M $96M $33M $48M $27M $5M $13M $15M
Income Tax 12-point trend, +1668.8% $103M $93M $64M $45M $40M $25M $9M $11M $-910.0K $5M $5M $6M
Net Income 12-point trend, +2977.8% $338M $288M $204M $127M $107M $71M $25M $37M $28M $451.0K $9M $11M
EPS (Basic) 12-point trend, +2631.0% $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) 12-point trend, +2362.1% $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) 12-point trend, +14.4% 42,717,156 43,041,274 42,626,588 42,286,392 41,451,101 40,211,016 39,478,928 38,848,780 39,282,674 38,298,581 37,613,782 37,330,569
Shares (Diluted) 12-point trend, +25.8% 47,332,855 48,413,717 43,535,441 42,728,108 42,441,524 41,868,580 40,663,224 40,944,800 40,637,744 39,500,934 38,850,388 37,625,425
EBITDA 12-point trend, +464.7% $577M $475M $359M $276M $255M $201M $105M $117M $101M $87M $82M $102M
Balance Sheet 30
Annual Balance Sheet data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents 12-point trend, +285.2% $755M $782M $501M $411M $389M $386M $212M $283M $231M $231M $214M $196M
Short-term Investments 4-point trend, +81.8% $203M $203M $192M $112M · · · · · · · ·
Receivables 12-point trend, +253.1% $665M $560M $473M $464M $419M $369M $236M $192M $176M $192M $170M $188M
Inventory 12-point trend, +29.3% $38M $38M $37M $37M $36M $40M $28M $30M $26M $31M $31M $30M
Prepaid Expense 12-point trend, +276.7% $43M $36M $29M $25M $26M $19M $13M $13M $10M $8M $10M $11M
Other Current Assets 12-point trend, -51.6% $12M $15M $14M $17M $81M $43M $11M $12M $10M $12M $22M $25M
Current Assets 12-point trend, +273.9% $1.72B $1.63B $1.25B $1.07B $951M $858M $501M $530M $454M $474M $446M $459M
PP&E (Net) 12-point trend, +196.6% $102M $79M $51M $52M $62M $72M $39M $32M $29M $26M $28M $34M
PP&E (Gross) 12-point trend, +126.7% $254M $204M $163M $158M $151M $160M $113M $99M $88M $98M $102M $112M
Accum. Depreciation 12-point trend, +95.7% $152M $126M $113M $105M $89M $88M $75M $67M $59M $71M $74M $78M
Goodwill 12-point trend, +272.6% $247M $247M $247M $247M $241M $240M $175M $90M $90M $87M $87M $66M
Intangibles 12-point trend, -48.7% $11M $18M $60M $75M $89M $99M $77M $15M $18M $20M $23M $21M
Other Non-current Assets 12-point trend, +3101.5% $208M $157M $120M $109M $94M $106M $72M $48M $42M $6M $16M $6M
Total Assets 12-point trend, +243.7% $2.44B $2.29B $1.92B $1.76B $1.64B $1.58B $1.07B $820M $742M $735M $734M $709M
Accounts Payable 12-point trend, +56.8% $47M $44M $41M $49M $62M $62M $40M $50M $29M $30M $26M $30M
Accrued Liabilities 12-point trend, +664.4% $95M $103M $61M $77M $63M $78M $27M $21M $14M $22M $27M $12M
Current Liabilities 12-point trend, +161.0% $289M $303M $244M $309M $302M $306M $273M $156M $116M $118M $123M $111M
Capital Leases 12-point trend, -36.1% $8M $35M $45M $59M $75M $77M $97M $5M $13M $10M $10M $13M
Deferred Tax 9-point trend, -42.0% $13M · · · $3M $32M $14M $17M $13M $17M $18M $22M
Other Non-current Liabilities 12-point trend, +125.6% $19M $15M $14M $10M $10M $16M $10M $9M $10M $12M $10M $8M
Total Liabilities 12-point trend, +395.6% $803M $814M $744M $813M $831M $773M $398M $186M $155M $160M $168M $162M
Long-term Debt 6-point trend, +39.7% $418M $416M $415M $413M $411M $299M · · · · · ·
Total Debt 6-point trend, +39.7% $418M $416M $415M $413M $411M $299M · · · · · ·
Common Stock Flat — no change across 12 periods $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 12-point trend, +2447.6% $1.18B $846M $559M $354M $227M $112M $47M $22M $-13M $-41M $-41M $-50M
Treasury Stock 12-point trend, +289.5% $292M $102M $102M $102M $102M $102M $102M $102M $102M $75M $75M $75M
AOCI 12-point trend, +94.5% $-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 12-point trend, +204.0% $1.63B $1.48B $1.18B $947M $813M $805M $675M $633M $587M $574M $559M $537M
Liabilities + Equity 12-point trend, +243.7% $2.44B $2.29B $1.92B $1.76B $1.64B $1.58B $1.07B $820M $742M $735M $734M $709M
Shares Outstanding 12-point trend, +8.2% 41,477,230 43,517,676 43,241,421 43,004,305 42,777,921 41,576,784 41,006,884 40,240,493 39,567,824 40,823,174 39,681,470 38,335,296
Cash Flow 14
Annual Cash Flow data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
D&A 12-point trend, +57.6% $127M $115M $110M $110M $98M $90M $72M $71M $75M $74M $68M $80M
Stock-based Comp 12-point trend, +89.0% $40M $37M $31M $20M $19M $39M $24M $17M $21M $23M $19M $21M
Deferred Tax 12-point trend, +1392.6% $40M $-18M $3M $-10M $1M $3M $-1M $4M $-4M $-7M $-7M $-3M
Amort. of Intangibles 12-point trend, +184.6% $7M $10M $13M $15M $13M $12M $6M $3M $3M $3M $3M $3M
Other Non-cash 12-point trend, -1668.0% $-111M $11M $-69M $-44M $-18M $-69M $-38M $13M $-16M $-2M $30M $7M
Operating Cash Flow 12-point trend, +261.3% $434M $433M $279M $203M $207M $134M $80M $142M $105M $89M $122M $120M
CapEx 12-point trend, -94.1% $587.0K $2M $2M $4M $10M $4M $2M $5M $9M $2M $5M $10M
Investing Cash Flow 12-point trend, -163.5% $-180M $-88M $-140M $-118M $-111M $-165M $-217M $-61M $-50M $-57M $-83M $-68M
Stock Repurchased 3-point trend, +613.2% $189M · · · · · · · $27M · · $26M
Net Stock Activity 3-point trend, -613.2% $-189M · · · · · · · $-27M · · $-26M
Financing Cash Flow 12-point trend, -459.6% $-282M $-63M $-49M $-64M $-93M $205M $66M $-29M $-53M $-15M $-21M $-50M
Net Change in Cash 12-point trend, -10793.4% $-28M $282M $90M $21M $3M $173M $-71M $52M $2M $17M $18M $-257.0K
Taxes Paid 12-point trend, +354.0% $88M $68M $85M $37M $36M $19M $3M $4M $12M $8M $1M $19M
Free Cash Flow 12-point trend, +293.3% $433M $431M $277M $199M $197M $131M $79M $136M $95M $87M $117M $110M
Profitability 8
Annual Profitability data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 7-point trend, +13.1% 37.8% 39.2% 37.4% 35.2% 35.4% 34.8% 33.4% · · · · ·
Operating Margin 12-point trend, +822.7% 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 12-point trend, +1057.8% 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 12-point trend, +994.4% 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 12-point trend, +112.7% 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 12-point trend, +822.6% 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 12-point trend, +932.5% 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 12-point trend, +699.1% 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
Annual Liquidity & Solvency data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 12-point trend, +43.2% 5.9 5.4 5.1 3.4 3.1 2.8 1.8 3.4 4.0 4.0 3.6 4.1
Quick Ratio 12-point trend, +61.9% 5.6 5.1 4.8 2.8 2.7 2.5 1.6 3.1 3.5 3.6 3.1 3.5
Debt / Equity 6-point trend, -31.1% 0.3 0.3 0.4 0.4 0.5 0.4 · · · · · ·
LT Debt / Equity 6-point trend, -31.1% 0.3 0.3 0.4 0.4 0.5 0.4 · · · · · ·
Efficiency 3
Annual Efficiency data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 12-point trend, -20.3% 1.1 1.1 1.1 1.1 1.0 1.2 1.1 1.3 1.2 1.2 1.2 1.3
Inventory Turnover 12-point trend, +115.7% 41.3 39.3 34.8 32.7 28.8 29.5 23.8 23.8 19.2 18.2 18.2 19.2
Receivables Turnover 12-point trend, -17.0% 4.1 4.7 4.4 4.2 4.3 5.1 4.9 5.5 5.0 4.9 4.9 5.0
Per Share 5
Annual Per Share data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share 12-point trend, +181.0% $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 12-point trend, +111.1% $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 12-point trend, +187.2% $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 12-point trend, +256.1% $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) 12-point trend, +2362.1% $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
Annual Growth Rates data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 6-point trend, -90.2% 4.7% 17.9% 11.0% 8.9% 9.8% 47.7% · · · · · ·
Revenue CAGR 3Y 4-point trend, -46.9% 11.1% 12.6% 9.9% 20.9% · · · · · · · ·
Revenue CAGR 5Y 2-point trend, -43.1% 10.4% 18.2% · · · · · · · · · ·
EPS YoY 6-point trend, -89.2% 20.0% 26.9% 57.9% 17.9% 47.4% 185.0% · · · · · ·
EPS CAGR 3Y 4-point trend, -51.8% 34.0% 33.2% 40.0% 70.4% · · · · · · · ·
EPS CAGR 5Y 2-point trend, -43.2% 33.1% 58.2% · · · · · · · · · ·
Net Income YoY 6-point trend, -90.9% 17.4% 41.0% 60.9% 18.4% 49.9% 191.6% · · · · · ·
Net Income CAGR 3Y 4-point trend, -47.0% 38.7% 39.0% 41.9% 73.0% · · · · · · · ·
Net Income CAGR 5Y 2-point trend, -42.7% 36.5% 63.7% · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for LRN
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM 12-point trend, +165.5% $2.52B $2.41B $2.04B $1.84B $1.69B $1.54B $1.04B $1.02B $918M $889M $873M $948M
Net Income TTM 12-point trend, +2977.8% $338M $288M $204M $127M $107M $71M $25M $37M $28M $451.0K $9M $11M
Market Cap 12-point trend, +637.6% $3.58B $6.32B $3.05B $1.60B $1.74B $1.34B $1.12B $1.22B $648M $732M $496M $485M
Enterprise Value 6-point trend, +143.1% $3.04B $5.75B $2.77B $1.60B $1.77B $1.25B · · · · · ·
P/E 12-point trend, -72.3% 12.1 24.4 15.0 12.5 16.2 18.8 45.4 33.4 24.1 1792.0 54.3 43.6
P/S 12-point trend, +177.8% 1.4 2.6 1.5 0.9 1.0 0.9 1.1 1.2 0.7 0.8 0.6 0.5
P/B 12-point trend, +142.6% 2.2 4.3 2.6 1.7 2.1 1.7 1.7 1.9 1.1 1.3 0.9 0.9
P / Tangible Book 7-point trend, -1.5% 2.6 5.2 3.5 2.6 3.6 2.9 2.6 · · · · ·
P / Cash Flow 12-point trend, +104.2% 8.2 14.6 10.9 7.9 8.4 10.0 13.9 8.6 6.3 8.2 4.1 4.0
P / FCF 12-point trend, +87.6% 8.3 14.7 11.0 8.1 8.9 10.2 14.2 9.0 6.8 8.5 4.2 4.4
EV / EBITDA 6-point trend, -15.5% 5.3 12.1 7.7 5.8 6.9 6.2 · · · · · ·
EV / FCF 6-point trend, -26.7% 7.0 13.3 10.0 8.1 9.0 9.6 · · · · · ·
EV / Revenue 6-point trend, +48.4% 1.2 2.4 1.4 0.9 1.0 0.8 · · · · · ·
Earnings Yield 12-point trend, +261.6% 8.3% 4.1% 6.7% 8.0% 6.2% 5.3% 2.2% 3.0% 4.2% 0.06% 1.8% 2.3%

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

Income Statement
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
Balance Sheet
2026-06-302025-06-302024-06-302023-06-302022-06-30
Debt / Equity 0.30.30.40.40.5
Current Ratio 5.95.45.13.43.1
Quick Ratio 5.65.14.82.82.7
Cash Flow
2026-06-302025-06-302024-06-302023-06-302022-06-30
Free Cash Flow $433M$431M$277M$199M$197M

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Institutional owners (13F) 461 filers · $3.2B total · As of June 30, 2026

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.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
61 (-43 vs prior Q) 53 (-10 vs prior Q) 153 (+5 vs prior Q) 134 (-12 vs prior Q) +1.4M

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
VANGUARD GROUP INC $291,796,913 4,494,023 9.24% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $204,705,128 2,373,668 6.48% Shares
VANGUARD CAPITAL MANAGEMENT LLC $158,600,448 1,839,059 5.02% Shares
DIMENSIONAL FUND ADVISORS LP $155,736,509 1,805,850 4.93% Shares
STATE STREET CORP $143,291,027 1,661,526 4.54% Shares
JANE STREET GROUP, LLC $129,704,960 1,504,000 4.11% Call option
Impactive Capital LP $112,425,569 1,303,636 3.56% Shares
FRONTIER CAPITAL MANAGEMENT CO LLC $102,773,099 1,191,710 3.25% Shares
Swedbank AB $83,900,654 972,874 2.66% Shares
GEODE CAPITAL MANAGEMENT, LLC $81,753,400 947,781 2.59% Shares
Voss Capital, LP $76,374,575 885,605 2.42% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $71,035,716 823,698 2.25% Shares
Khrom Capital Management LLC $64,694,316 750,166 2.05% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $64,278,647 745,346 2.03% Shares
BARCLAYS PLC $60,368,000 700,000 1.91% Call option
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $58,090,833 673,595 1.84% Shares
AMERICAN CENTURY COMPANIES INC $54,649,512 633,691 1.73% Shares
NORGES BANK $49,295,646 571,610 1.56% Shares
Fivespan Partners, LP $47,703,742 553,151 1.51% Shares
VICTORY CAPITAL MANAGEMENT INC $43,596,390 505,524 1.38% Shares
BREACH INLET CAPITAL MANAGEMENT, LLC $41,261,959 478,455 1.31% Shares
BANK OF AMERICA CORP /DE/ $39,167,621 454,170 1.24% Shares
RICE HALL JAMES & ASSOCIATES, LLC $37,857,721 438,981 1.20% Shares
BANK OF NOVA SCOTIA $30,184,000 350,000 0.96% Shares
Rockefeller Capital Management L.P. $29,813,082 345,699 0.94% Shares
BNP PARIBAS FINANCIAL MARKETS $29,385,418 340,740 0.93% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $28,444,453 329,829 0.90% Shares
VANGUARD FIDUCIARY TRUST CO $25,176,216 291,932 0.80% Shares
TWO SIGMA ADVISERS, LP $24,003,842 369,688 0.76% Shares
CITIGROUP INC $23,910,644 277,257 0.76% Shares
Simcoe Capital Management, LLC $23,078,255 267,605 0.73% Shares
Public Sector Pension Investment Board $20,405,246 236,610 0.65% Shares
JANE STREET GROUP, LLC $19,323,107 224,062 0.61% Shares
ALGERT GLOBAL LLC $17,311,645 200,738 0.55% Shares
Praetorian PR LLC $17,248,000 200,000 0.55% Shares
CITADEL ADVISORS LLC $17,023,776 197,400 0.54% Put option
LPL Financial LLC $16,743,151 194,146 0.53% Shares
WELLINGTON MANAGEMENT GROUP LLP $16,081,518 186,474 0.51% Shares
Toroso Investments, LLC $14,576,980 224,503 0.46% Shares
First Eagle Investment Management, LLC $14,470,986 167,799 0.46% Shares
BARCLAYS PLC $13,016,030 150,928 0.41% Shares
MORGAN STANLEY $13,006,767 150,820 0.41% Shares
CITADEL ADVISORS LLC $12,825,268 148,716 0.41% Shares
ROYCE & ASSOCIATES LP $12,699,271 147,255 0.40% Shares
Bank of New York Mellon Corp $12,696,425 147,222 0.40% Shares
NEW YORK STATE COMMON RETIREMENT FUND $12,417,525 143,988 0.39% Shares
RAYMOND JAMES FINANCIAL INC $12,014,439 139,314 0.38% Shares
WOLVERINE TRADING, LLC $11,997,600 80,000 0.38% Call option
CITADEL ADVISORS LLC $11,599,280 134,500 0.37% Call option
Congress Wealth Management LLC / DE / $10,289,013 70,865 0.33% Shares
P2 Capital Partners, LLC $10,058,171 116,630 0.32% Shares
ENVESTNET ASSET MANAGEMENT INC $10,012,205 116,097 0.32% Shares
Nuveen Asset Management, LLC $9,865,867 94,928 0.31% Shares
Susquehanna Portfolio Strategies, LLC $9,516,929 110,354 0.30% Shares
Cubist Systematic Strategies, LLC $9,167,544 61,552 0.29% Shares
RHUMBLINE ADVISERS $9,068,023 105,149 0.29% Shares
KIRR MARBACH & CO LLC /IN/ $8,868,922 102,840 0.28% Shares
Montanaro Asset Management Ltd $8,386,754 97,249 0.27% Shares
D. E. Shaw & Co., Inc. $8,232,902 95,465 0.26% Shares
WOLVERINE TRADING, LLC $8,044,091 53,638 0.25% Shares
LAKEWOOD CAPITAL MANAGEMENT, LP $7,761,600 90,000 0.25% Shares
WOLVERINE TRADING, LLC $7,528,494 50,200 0.24% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $7,433,888 86,200 0.24% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $7,379,988 85,575 0.23% Shares
California Public Employees Retirement System $7,342,819 85,144 0.23% Shares
Swiss National Bank $7,183,792 83,300 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $7,132,048 82,700 0.23% Put option
Walleye Trading LLC $6,925,072 80,300 0.22% Call option
FIRST TRUST ADVISORS LP $6,136,665 71,158 0.19% Shares
RENAISSANCE GROUP LLC $6,091,390 70,633 0.19% Shares
TUDOR INVESTMENT CORP ET AL $6,026,710 69,883 0.19% Shares
AMERIPRISE FINANCIAL INC $5,969,619 69,221 0.19% Shares
AQR CAPITAL MANAGEMENT LLC $5,907,526 68,501 0.19% Shares
Schonfeld Strategic Advisors LLC $5,761,865 66,812 0.18% Shares
ALLIANCEBERNSTEIN L.P. $5,562,733 63,091 0.18% Shares
Legal & General Group Plc $5,539,110 64,229 0.18% Shares
Gem Investment Advisors, LLC $5,309,193 61,563 0.17% Shares
Granite Investment Partners, LLC $5,248,653 60,861 0.17% Shares
Nebula Research & Development LLC $5,189,671 35,744 0.16% Shares
Cubist Systematic Strategies, LLC $5,168,218 34,700 0.16% Call option
South Street Advisors LLC $5,141,025 59,613 0.16% Shares
Quantinno Capital Management LP $5,026,843 58,289 0.16% Shares
Trexquant Investment LP $4,766,226 55,267 0.15% Shares
Edgestream Partners, L.P. $4,737,077 54,929 0.15% Shares
STATE OF WISCONSIN INVESTMENT BOARD $4,502,849 52,213 0.14% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $4,476,567 50,772 0.14% Shares
FIFTH THIRD BANCORP $4,355,882 50,509 0.14% Shares
GOLDMAN SACHS GROUP INC $4,341,494 50,342 0.14% Shares
EASTERLY INVESTMENT PARTNERS LLC $4,242,663 49,196 0.13% Shares
Nuveen, LLC $4,196,438 48,660 0.13% Shares
Point72 Asset Management, L.P. $4,096,400 47,500 0.13% Call option
CAPITAL FUND MANAGEMENT S.A. $4,063,111 47,114 0.13% Shares
PEAK6 LLC $4,053,280 47,000 0.13% Put option
INTECH INVESTMENT MANAGEMENT LLC $3,980,406 46,155 0.13% Shares
NIA IMPACT ADVISORS, LLC $3,932,224 45,596 0.12% Shares
PRUDENTIAL FINANCIAL INC $3,739,884 43,366 0.12% Shares
VANGUARD ASSET MANAGEMENT, Ltd $3,693,573 42,829 0.12% Shares
PALISADE CAPITAL MANAGEMENT, LP $3,611,041 41,872 0.11% Shares
BlackRock, Inc. $3,544,636 41,102 0.11% Shares
Triodos Investment Management BV $3,449,600 40,000 0.11% Shares

Company insiders 53 insiders · 22 officers · 19 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
James Jeaho Rhyu Chief Executive Officer Sept. 18, 2025 M 777,186 0 0 $0
Stuart Udell Chief Executive Officer Feb. 15, 2018 F 599,234 0 0 $0
Timothy Medina Chief Financial Officer Feb. 13, 2022 F 91,577 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 Oct. 30, 2014 F 199,852 0 0 $0
Vincent Mathis EVP, General Counsel Aug. 13, 2023 F 37,060 0 0 $0
Les Ottolenghi Chief Info. & Tech. Officer Aug. 13, 2023 F 49,717 0 0 $0
Nathaniel A Davis Executive Chairman Aug. 6, 2022 F 1,031,997 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 July 29, 2026 A 1,094 0 0 $0
Steven B Fink Director Dec. 4, 2025 A 175,607 0 0 $0
Joseph A Verbrugge Director Aug. 5, 2022 A 1,358 0 0 $0
Eliza Mcfadden Director Jan. 3, 2022 A 11,977 0 0 $0
Victoria D Harker Director Jan. 3, 2022 A 16,547 0 0 $0
Robert Cohen Director Jan. 3, 2022 A 4,362 0 0 $0
Craig R Barrett Director Jan. 3, 2022 A 67,957 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. 2, 2015 A 11,224 0 0 $0
Adam Cohn Director Jan. 2, 2015 A 20,476 0 0 $0
Mary H Futrell Director Jan. 2, 2015 A 23,547 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
Todd Goldthwaite Aug. 7, 2026 A 103,861 0 0 $0
Donna Blackman Aug. 7, 2026 A 183,251 0 0 $0
Greerson Greene Mcmullen Aug. 7, 2026 A 21,653 0 0 $0
Ralph R Smith Dec. 4, 2025 A 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

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

Activists & 5%+ owners 3 positions

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.

ETF ownership Held by 91 ETFs

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
RSMC · Tidal Trust III 2.50% 194,193 NS April 30, 2026 N-PORT
RNIN · EA Series Trust 1.28% 20,221 NS April 30, 2026 N-PORT
SCOW · Pacer Funds Trust 1.11% 176 NS April 30, 2026 N-PORT
JSML · Janus Detroit Street Trust 0.89% 28,949 NS April 30, 2026 N-PORT
JSMD · Janus Detroit Street Trust 0.76% 76,389 NS April 30, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.57% 9,991 NS May 31, 2026 N-PORT
FYT · First Trust Exchange-Traded AlphaDE… 0.53% 9,913 NS April 30, 2026 N-PORT
NUSC · Nushares ETF Trust 0.35% 46,039 NS April 30, 2026 N-PORT
AFSM · First Trust Exchange-Traded Fund VI… 0.32% 3,416 NS May 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.32% 39,369 NS April 30, 2026 N-PORT
PSC · Principal Exchange-Traded Funds 0.30% 81,659 NS June 30, 2026 N-PORT
ESSC · Strategy Shares 0.30% 801 NS April 30, 2026 N-PORT
MILN · Global X Funds 0.30% 3,168 NS May 31, 2026 N-PORT
BFOR · ALPS ETF Trust 0.25% 5,865 NS May 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.21% 244 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.21% 15,546 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.19% 2,413 NS April 30, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.18% 1,490 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.17% 503 NS May 31, 2026 N-PORT
ESUM · Strategy Shares 0.16% 2,554 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.14% 35,039 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 8,561 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.14% 194,129 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.13% 13,615 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.12% 18,122 NS April 30, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.11% 1,533 NS April 30, 2026 N-PORT
FDIS · FIDELITY COVINGTON TRUST 0.10% 18,795 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.10% 145,430 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.10% 1,970 NS May 31, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.10% 2,226 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.09% 27,133 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.09% 250,275 NS May 31, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.08% 81,823 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.08% 202,063 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.08% 60,406 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.07% 113,610 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.06% 1,540 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.05% 3,716 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.04% 1,749 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.04% 1,558 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.04% 7,854 NS April 30, 2026 N-PORT
ROSC · Lattice Strategies Trust 0.03% 186 NS April 30, 2026 N-PORT
AVUQ · AMERICAN CENTURY ETF TRUST 0.03% 802 NS May 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.03% 40,419 NS April 30, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.02% 1,025 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.02% 1,649 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.02% 90,563 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.02% 39 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.01% 14,526 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 8,981 NS April 30, 2026 N-PORT