Description

Stride’s $629.9 Million Quarter — Can Career Learning Offset Platform Troubles?

Stride, Inc. reported third quarter fiscal 2026 results reflecting a mixed operational and financial performance amid ongoing platform challenges and a changing enrollment environment. Total enrollments increased by 1.8% to 244,500, while total revenue grew 2.7% year-over-year to $629.9 million. Growth was primarily driven by the Career Learning segment, where revenue rose nearly 16% to $259.5 million, supported by an 11.6% enrollment increase. Conversely, General Education revenue declined 3.6% following a 5% enrollment decrease, a dynamic attributed in part to earlier closing enrollment windows and a strategic focus on backfilling rather than expanding enrollments during the year. Management suggested these headwinds were mostly timing-related and did not indicate a weakening demand environment. Revenue per enrollment increased by 2.9% to $2,485, with the company expecting a similar rise of about 2% for the full year. However, gross margins decreased 380 basis points to 36.