Stride (LRN) Gross Margin (2010 - 2026)
Stride (LRN) reported Gross Margin of 36.76% for Q1 2026, down 388.0% year-over-year from 12.77% in Q1 2025, and down 10.61% quarter-over-quarter from 41.13% in Q4 2025.
Stride (LRN) Gross Margin (2010 - 2026) Analysis & Trends
Stride (LRN) has 17 years of Gross Margin data on file, last reported at 36.76% in Q1 2026.
- Gross Margin for Q1 2026 came in at 36.76%, down 388.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 38.34% (down 73.0% YoY), and the FY2025 annual result was 39.24%, up 181.0% from the prior year.
- Gross Margin eased to 36.76% in Q1 2026 per LRN's latest filing, from 41.13% in the prior quarter.
- Over five years, Gross Margin peaked at 41.13% in Q4 2025 and troughed at 30.49% in Q3 2022.
- A 5-year average of 37.52% and a median of 37.1% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2026: Gross Margin jumped 551 bps in 2023, then plunged 388 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 37.1% in 2022, then rose by 7 bps to 39.85% in 2023, then advanced by 3 bps to 40.85% in 2024, then advanced by 1 bps to 41.13% in 2025, then dropped by 11 bps to 36.76% in 2026.
- Business Quant data shows LRN's Gross Margin at 36.76% in Q1 2026, 41.13% in Q4 2025, and 39.0% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | 72.43% |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | -6.01% |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 68.04% |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 56.73% |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 36.76% |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 79.28% |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 83.86% |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 46.96% |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 78.77% |
| 10 | Strategic Education | 1.69 Bn | 1.53 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 36.76% |
| Dec 31, 2025 | 41.13% |
| Sep 30, 2025 | 39.00% |
| Jun 30, 2025 | 36.55% |
| Mar 31, 2025 | 40.64% |
| Dec 31, 2024 | 40.85% |
| Sep 30, 2024 | 39.17% |
| Jun 30, 2024 | 35.23% |
| Mar 31, 2024 | 38.65% |
| Dec 31, 2023 | 39.85% |
| Sep 30, 2023 | 36.00% |
| Jun 30, 2023 | 35.59% |
| Mar 31, 2023 | 37.27% |
| Dec 31, 2022 | 37.10% |
| Sep 30, 2022 | 30.49% |
| Jun 30, 2022 | 36.84% |
| Mar 31, 2022 | 36.72% |
| Dec 31, 2021 | 36.03% |
| Sep 30, 2021 | 31.58% |
| Jun 30, 2021 | 34.36% |