Stride posts record Q3 revenue $470.3M, net income $55.5M, EPS $1.30

Stride, Inc.

2023-Q3 EPS reported $1.96 revenue$1,353,869,000

Revenue $470.3M, up 11.5% YoY from $421.7M; driven by enrollment strength and Adult Learning growth.
Net income $55.5M ($1.30 diluted EPS) vs $42.9M ($1.02); income from operations $72.2M vs $60.6M.
Adjusted EBITDA $103.9M vs $90.3M; adjusted operating income $80.2M vs $69.4M.
In-year enrollment momentum continues; revenue per enrollment increases.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stride, Inc. reported the third fiscal quarter ended March 31, 2023 results: revenue $470.3 million, net income $55.5 million, EPS $1.30.

Period: the third fiscal quarter ended March 31, 2023
Revenue: $470.3 million
Net income: $55.5 million
EPS: $1.30
Result: reported results

Exact text from the filing

Revenue of $470.3 million, compared with $421.7 million, driven by continued enrollment strength, increases in revenue per enrollment, and Adult Learning growth. Income from operations of $72.2 million, compared with $60.6 million. Net income of $55.5 million, compared with $42.9 million. Diluted net income per share of $1.30, compared with $1.02.

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Source: SEC EDGAR

accession 0001157523-23-000609

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