--- title: "Stride | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 629.87 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284443429.md" datetime: "2026-04-28T20:21:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284443429.md) - [en](https://longbridge.com/en/news/284443429.md) - [zh-HK](https://longbridge.com/zh-HK/news/284443429.md) --- # Stride | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 629.87 M Revenue: As of FY2026 Q3, the actual value is USD 629.87 M, beating the estimate of USD 629.67 M. EPS: As of FY2026 Q3, the actual value is USD 1.93, beating the estimate of USD 1.9167. EBIT: As of FY2026 Q3, the actual value is USD 129.08 M. ### Third Quarter Fiscal 2026 Performance (Compared to Fiscal 2025) #### Revenue Stride, Inc. reported total revenue of $629.9 million, an increase from $613.4 million in the prior year period. General Education revenue was $357.5 million, marking a -3.6% decrease from $370.8 million, while Total Career Learning revenue increased by 12.3% to $272.4 million from $242.6 million. Within Career Learning, Middle - High School revenue grew by 15.9% to $259.5 million from $223.9 million, but Adult revenue decreased by -31.0% to $12.9 million from $18.7 million. #### Operational Metrics Income from operations decreased by -1.3% to $129.1 million from $130.8 million. Net income also saw a decrease of -10.9%, falling to $88.5 million from $99.3 million. Adjusted operating income was $140.4 million, a slight decrease of -0.9% from $141.7 million. Adjusted EBITDA increased by 1.8% to $171.3 million from $168.3 million. Gross margin for the three months ended March 31, 2026, was $231.6 million, compared to $249.3 million in the prior year. Selling, general, and administrative expenses were $102.5 million, down from $118.5 million. ### Nine Month Fiscal 2026 Performance (Compared to Fiscal 2025) #### Revenue Total revenue for the nine months ended March 31, 2026, was $1,882.0 million, up 7.4% from $1,751.7 million. General Education revenue increased by 0.7% to $1,062.0 million from $1,054.5 million. Total Career Learning revenue rose by 17.6% to $820.0 million from $697.1 million. Specifically, Middle - High School revenue grew by 22.1% to $776.6 million from $635.8 million, while Adult revenue decreased by -29.1% to $43.4 million from $61.3 million. #### Operational Metrics Income from operations increased by 13.7% to $344.9 million from $303.2 million. Net income grew by 8.5% to $256.8 million from $236.6 million. Adjusted operating income increased by 13.4% to $380.6 million from $335.7 million. Adjusted EBITDA also increased by 13.4% to $467.8 million from $412.6 million. Gross margin for the nine months ended March 31, 2026, was $733.3 million, up from $705.0 million. Selling, general, and administrative expenses were $388.4 million, down from $401.8 million. #### Cash Flow Net cash provided by operating activities for the nine months ended March 31, 2026, was $117.0 million, compared to $134.5 million in the prior year. Capital expenditures for the three months ended March 31, 2026, were $18.5 million, up from $15.8 million in the same period of fiscal year 2025. These capital expenditures included $0.5 million for property and equipment, $12.8 million for capitalized software development, and $5.2 million for capitalized curriculum development. The company’s cash and cash equivalents and marketable securities totaled $856.0 million as of March 31, 2026, down from $1,011.4 million at June 30, 2025. #### Unique Metrics Third-quarter enrollments increased by 1.8% to 244.5 thousand from 240.2 thousand in the prior year. Career Learning enrollments specifically grew by 11.6% to 110.1 thousand from 98.7 thousand. Revenue per enrollment for the third quarter was $2,485, a 2.9% increase from $2,415. General Education revenue per enrollment was $2,590, up 2.9%, and Career Learning revenue per enrollment was $2,356, up 3.8%. ### Fiscal Year 2026 Outlook Stride, Inc. is narrowing its full fiscal year 2026 forecast, expecting revenue in the range of $2.490 billion to $2.520 billion. Adjusted operating income is projected to be between $490 million and $500 million, with capital expenditures forecast between $75 million and $80 million. 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