Stride Inc. (LRN) Stock Falls on Q3 2026 Earnings

Stride Inc. (LRN) reported third-quarter 2026 revenue of $629.9 million, up 2.7% year over year, versus a consensus revenue estimate of $635.8 million.

Net income attributable to common shareholders was $88.5 million, down 10.9% year over year, and diluted earnings per share were $1.93, below the estimate of $2.06.

Shares moved lower after the release, down 4.84% since market close.

Gross profit fell 7.1% year over year to $231.6 million, while cost of sales rose 9.4% to $398.3 million.

Operating profit was $129.1 million, a slight decrease of 1.3% year over year.

Cash from operating activities strengthened markedly to $220.9 million, an increase of about 316% year over year.

Purchases of property, plant and equipment totaled -$535,000, up 171.6% year over year.

Cash and cash equivalents on the balance sheet stood at $614.0 million, up 16.2% year over year, while total liabilities were $805.0 million, up 1.8% year over year.

In summary: modest revenue growth and a meaningful improvement in operating cash flows were offset by weaker gross margins and lower net income and EPS versus both the prior year and analyst expectations.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Stride Inc. Hedge Fund Activity

We have seen 200 institutional investors add shares of Stride Inc. stock to their portfolio, and 352 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 1,511,080 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $98,114,424
AMERICAN CENTURY COMPANIES INC removed 869,911 shares (-65.5%) from their portfolio in Q4 2025, for an estimated $56,483,321
INVESCO LTD. removed 826,862 shares (-45.8%) from their portfolio in Q4 2025, for an estimated $53,688,149
MORGAN STANLEY added 808,141 shares (+98.1%) to their portfolio in Q4 2025, for an estimated $52,472,595
TWO SIGMA INVESTMENTS, LP added 776,631 shares (+1076.1%) to their portfolio in Q4 2025, for an estimated $50,426,650
SQUAREPOINT OPS LLC removed 739,019 shares (-88.9%) from their portfolio in Q4 2025, for an estimated $47,984,503
MILLENNIUM MANAGEMENT LLC added 635,207 shares (+425.5%) to their portfolio in Q4 2025, for an estimated $41,243,990

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Stride Inc. Congressional Stock Trading

Members of Congress have traded $LRN stock 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $LRN stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN has traded it 5 times. They made 3 purchases worth up to $150,000 on 02/04, 01/05 and 2 sales worth up to $30,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

Stride Inc. Analyst Ratings

Wall Street analysts have issued reports on $LRN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barrington Research issued a "Outperform" rating on 01/21/2026

To track analyst ratings and price targets for Stride Inc., check out Quiver Quantitative's $LRN forecast page.

Stride Inc. Price Targets

Multiple analysts have issued price targets for $LRN recently. We have seen 3 analysts offer price targets for $LRN in the last 6 months, with a median target of $125.0.

Here are some recent targets:

Alexander Paris from Barrington Research set a target price of $125.0 on 04/16/2026
Jason Tilchen from Canaccord Genuity set a target price of $125.0 on 01/28/2026
Greg Parrish from Morgan Stanley set a target price of $95.0 on 12/17/2025