Stride reports Q1 EPS $1.52, consensus $1.26

Reports Q1 revenue $620.9M, consensus $615.9M. First quarter enrollments were 247.7K, up 11.3% compared to 222.6K enrollments in the first quarter of fiscal year 2025. Of the total enrollments, 110.0K were Career Learning enrollments, up 20.0% compared to 91.7K Career Learning enrollments in the first quarter of fiscal 2025. Enrollments only include those students in full service public or private programs where Stride (LRN) provides a combination of curriculum, technology, and instructional and support services, inclusive of administrative support and may include enrollments for which Stride receives no public funding or revenue. Stride does not report enrollments for our Adult Learning business. Revenue per enrollment for the first quarter was $2,388, up 3.7% compared to $2,303 in the first quarter of fiscal year 2025. General Education revenue per enrollment was $2,543, up 6.0% compared to the first quarter of fiscal year 2025, and Career Learning revenue per enrollment was $2,196, up 1.4%, compared to the first quarter of fiscal year 2025.