RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation's most successful technology-based education companies, today announced its results for the second fiscal quarter ended December 31, 2024.

Second Quarter Fiscal 2025 Highlights Compared to 2024

  • Revenue of $587.2 million, compared with $504.9 million.
  • Income from operations of $125.1 million, compared with $84.3 million.
  • Net income of $96.4 million, compared with $66.8 million.
  • Diluted net income per share of $2.03, compared with $1.54.
  • Adjusted operating income of $135.6 million, compared with $94.9 million. (1)
  • Adjusted EBITDA of $160.4 million, compared with $118.3 million. (1)
Second Quarter Fiscal 2025 Summary Financial Metrics

 Three Months Ended December 31, Change 2024/2023
 2024 2023 $ %
 (In thousands, except percentages and per share data)
Revenues$587,211 $504,868 $82,343 16.3%
           
Income from operations 125,100  84,289  40,811 48.4%
Adjusted operating income (1) 135,570  94,873  40,697 42.9%
           
Net income 96,393  66,836  29,557 44.2%
Net income per share, diluted 2.03  1.54  0.49 31.8%
           
EBITDA (1) 152,495  110,752  41,743 37.7%
Adjusted EBITDA (1) 160,420  118,348  42,072 35.5%

Get the latest news
delivered to your inbox
Sign up for The Manila Times newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

 (1)To supplement our financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we also present non-GAAP financial measures including adjusted operating income (loss), EBITDA and adjusted EBITDA. Management believes that these additional metrics provide useful information to investors relating to our financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below.

Six Month Fiscal 2025 Highlights Compared to 2024

  • Revenue of $1,138.3 million, compared with $985.0 million.
  • Income from operations of $172.4 million, compared with $87.6 million.
  • Net income of $137.3 million, compared with $71.7 million.
  • Diluted net income per share of $2.93, compared with $1.66.
  • Adjusted operating income of $193.9 million, compared with $109.6 million. (1)
  • Adjusted EBITDA of $244.3 million, compared with $158.1 million. (1)
Six Month Fiscal 2025 Summary Financial Metrics

 Six Months Ended December 31, Change 2024/2023
 2024 2023  $ %
 (In thousands, except percentages and per share data)
Revenues$1,138,295  985,049  153,246 15.6%
           
Income from operations 172,444  87,609  84,835 96.8%
Adjusted operating income (1) 193,930  109,634  84,296 76.9%
           
Net income 137,275  71,714  65,561 91.4%
Net income per share, diluted 2.93  1.66  1.27 76.5%
           
EBITDA (1) 227,973  142,089  85,884 60.4%
Adjusted EBITDA (1) 244,347  158,111  86,236 54.5%

 (1)To supplement our financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we also present non-GAAP financial measures including adjusted operating income (loss), EBITDA and adjusted EBITDA. Management believes that these additional metrics provide useful information to investors relating to our financial performance. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below.

Revenue Data

  Three Months Ended       Six Months Ended      
  December 31, Change 2024 / 2023 December 31, Change 2024 / 2023
  2024 2023 $ % 2024 2023 $ %
  (In thousands, except percentages)
                       
General Education $354,315 $313,902 $40,413  12.9% $683,722  613,241 $70,481  11.5%
Career Learning                      
Middle - High School  213,079  165,080  47,999  29.1%  411,965  316,053  95,912  30.3%
Adult  19,817  25,886  (6,069) (23.4%)  42,608  55,755  (13,147) (23.6%)
Total Career Learning  232,896  190,966  41,930  22.0%  454,573  371,808  82,765  22.3%
Total Revenues $587,211 $504,868 $82,343  16.3% $1,138,295  985,049 $153,246  15.6

Home My Library Podcasts Videos Games
This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.