Stride, Inc.: Initiation of Coverage- Navigating Contractual Changes & Expanding Partnerships to Explore Opportunities In New Districts & States! 

Stride, Inc. reported its financial results for the fiscal year 2025, showcasing robust performance. The company, which provides education services, achieved a full-year revenue of $2.4 billion, representing an 18% increase from the previous year. This growth was supported by strong demand across its service offerings, despite the complexities of the educational market. Career Learning played a significant role in this expansion, contributing $876.3 million in revenue, up 35% yearover-year, with enrollments totaling 96,300, reflecting a 33% increase. Meanwhile, General Education revenues rose 12% to $1.45 billion, with enrollments up 13% to 137,700. Overall revenue per enrollment saw a slight increase to $9,677, although the impact of state funding variances was noted.