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| 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 |