Stride (LRN) Cost of Revenue (2016 - 2026)
On a quarterly basis, Cost of Revenue rose 9.4% to $398.3 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.6 billion, a 12.26% increase, with the full-year FY2025 number at $1.5 billion, up 14.49% from a year prior.
Stride (LRN) has 17 years of Cost of Revenue data on record, last reported at $398.3 million in Q1 2026.
- Cost of Revenue reached $398.3 million in Q1 2026 per LRN's latest filing, up from $371.6 million in the prior quarter.
- Over the last five years, Cost of Revenue for LRN hit a ceiling of $414.7 million in Q2 2025 and a floor of $266.9 million in Q1 2022.
- A 5-year average of $331.3 million and a median of $319.5 million in 2024 define the central range for Cost of Revenue.
- Peak YoY movement for Cost of Revenue: rose 3.99% in 2023, then rose 19.87% in 2025.
- Tracing LRN's Cost of Revenue over 5 years: stood at $288.3 million in 2022, then grew by 5.32% to $303.7 million in 2023, then grew by 14.38% to $347.4 million in 2024, then increased by 6.99% to $371.6 million in 2025, then grew by 7.18% to $398.3 million in 2026.
- Business Quant data shows Cost of Revenue for LRN at $398.3 million in Q1 2026, $371.6 million in Q4 2025, and $378.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 8.44 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 394.99 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 289.01 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 63.99 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 398.31 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 47.07 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 117.43 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 23.90 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 74.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 398.31 Mn |
| Mar 31, 2026 | 398.31 Mn |
| Dec 31, 2025 | 371.63 Mn |
| Dec 31, 2025 | 371.63 Mn |
| Sep 30, 2025 | 378.76 Mn |
| Sep 30, 2025 | 378.76 Mn |
| Jun 30, 2025 | 414.73 Mn |
| Jun 30, 2025 | 414.73 Mn |
| Mar 31, 2025 | 364.09 Mn |
| Mar 31, 2025 | 364.09 Mn |
| Dec 31, 2024 | 347.35 Mn |
| Dec 31, 2024 | 347.35 Mn |
| Sep 30, 2024 | 335.23 Mn |
| Sep 30, 2024 | 335.23 Mn |
| Jun 30, 2024 | 345.97 Mn |
| Jun 30, 2024 | 345.97 Mn |
| Mar 31, 2024 | 319.51 Mn |
| Mar 31, 2024 | 319.51 Mn |
| Dec 31, 2023 | 303.69 Mn |
| Dec 31, 2023 | 303.69 Mn |
| Sep 30, 2023 | 307.29 Mn |
| Sep 30, 2023 | 307.29 Mn |
| Jun 30, 2023 | 311.41 Mn |
| Jun 30, 2023 | 311.41 Mn |
| Mar 31, 2023 | 295.03 Mn |
| Mar 31, 2023 | 295.03 Mn |
| Dec 31, 2022 | 288.35 Mn |
| Dec 31, 2022 | 288.35 Mn |
| Sep 30, 2022 | 295.50 Mn |
| Sep 30, 2022 | 295.50 Mn |
| Jun 30, 2022 | 287.53 Mn |
| Jun 30, 2022 | 287.53 Mn |
| Mar 31, 2022 | 266.88 Mn |
| Mar 31, 2022 | 266.88 Mn |
| Dec 31, 2021 | 261.95 Mn |
| Dec 31, 2021 | 261.95 Mn |
| Sep 30, 2021 | 273.82 Mn |
| Sep 30, 2021 | 273.82 Mn |
| Jun 30, 2021 | 260.91 Mn |
| Jun 30, 2021 | 260.91 Mn |
| Mar 31, 2021 | 253.13 Mn |
| Mar 31, 2021 | 253.13 Mn |
| Dec 31, 2020 | 246.75 Mn |
| Dec 31, 2020 | 246.75 Mn |
| Sep 30, 2020 | 241.07 Mn |
| Sep 30, 2020 | 241.07 Mn |
| Jun 30, 2020 | 177.44 Mn |
| Jun 30, 2020 | 177.44 Mn |
| Mar 31, 2020 | 178.97 Mn |
| Mar 31, 2020 | 178.97 Mn |
| Dec 31, 2019 | 167.47 Mn |
| Dec 31, 2019 | 167.47 Mn |
| Sep 30, 2019 | 169.36 Mn |
| Sep 30, 2019 | 169.36 Mn |
| Jun 30, 2019 | 175.86 Mn |
| Jun 30, 2019 | 175.86 Mn |
| Mar 31, 2019 | 168.26 Mn |
| Mar 31, 2019 | 168.26 Mn |
| Dec 31, 2018 | 160.33 Mn |
| Dec 31, 2018 | 160.33 Mn |
| Sep 30, 2018 | 158.99 Mn |
| Sep 30, 2018 | 158.99 Mn |
| Jun 30, 2018 | 157.09 Mn |
| Jun 30, 2018 | 157.09 Mn |
| Mar 31, 2018 | 148.88 Mn |
| Mar 31, 2018 | 148.88 Mn |
| Dec 31, 2017 | 139.16 Mn |
| Dec 31, 2017 | 139.16 Mn |
| Sep 30, 2017 | 147.37 Mn |
| Sep 30, 2017 | 147.37 Mn |
| Jun 30, 2017 | 139.24 Mn |
| Jun 30, 2017 | 139.24 Mn |
| Mar 31, 2017 | 136.43 Mn |
| Mar 31, 2017 | 136.43 Mn |
| Dec 31, 2016 | 137.54 Mn |
| Dec 31, 2016 | 137.54 Mn |
| Sep 30, 2016 | 147.37 Mn |
| Sep 30, 2016 | 147.37 Mn |
| Jun 30, 2016 | 143.14 Mn |
| Jun 30, 2016 | 143.14 Mn |