Stride (LRN) Cost of Revenue (2010 - 2026)

Stride (LRN) reported Cost of Revenue of $398.3 million for Q1 2026, up 9.4% year-over-year from $364.1 million in Q1 2025, and up 7.18% quarter-over-quarter from $371.6 million in Q4 2025.

Stride (LRN) Cost of Revenue (2010 - 2026) Analysis & Trends

Stride (LRN) has 17 years of Cost of Revenue data on file, last reported at $398.3 million in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $398.3 million, up 9.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 12.26% YoY), and the FY2025 annual result was $1.5 billion, up 14.49% from the prior year.
  • Cost of Revenue improved to $398.3 million in Q1 2026 per LRN's latest filing, from $371.6 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $414.7 million in Q2 2025 and troughed at $266.9 million in Q1 2022.
  • A 5-year average of $331.3 million and a median of $319.5 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2023 and 2025: Cost of Revenue grew 3.99% in 2023, then gained 19.87% in 2025.
  • A 5-year view of Cost of Revenue shows it 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 LRN's Cost of Revenue 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 7.03 Bn 6.99 Bn 22.18 Mn 20.41 Mn
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 289.01 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 394.99 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 210.72 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 398.31 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 63.99 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 74.83 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 117.43 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 47.07 Mn
10 Strategic Education 1.69 Bn 1.53 Bn - -

Historic Data

Download Data
DateValue
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