Stride (LRN) Operating Expenses (2010 - 2026)
Stride (LRN) reported Operating Expenses of $102.5 million for Q1 2026, down 13.52% year-over-year from $118.5 million in Q1 2025, and down 9.13% quarter-over-quarter from $112.8 million in Q4 2025.
Stride (LRN) Operating Expenses (2010 - 2026) Analysis & Trends
Stride (LRN) has 17 years of Operating Expenses data on file, last reported at $102.5 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $102.5 million, down 13.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $511.0 million (down 1.03% YoY), and the FY2025 annual result was $524.3 million, up 2.01% from the prior year.
- Operating Expenses retreated to $102.5 million in Q1 2026 per LRN's latest filing, from $112.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $173.1 million in Q3 2025 and troughed at $94.2 million in Q1 2022.
- A 5-year average of $125.0 million and a median of $116.9 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses climbed 18.74% in 2022, then slipped 13.52% in 2026.
- A 5-year view of Operating Expenses shows it stood at $102.0 million in 2022, then gained by 14.58% to $116.9 million in 2023, then declined by 1.82% to $114.8 million in 2024, then declined by 1.72% to $112.8 million in 2025, then slipped by 9.13% to $102.5 million in 2026.
- Business Quant data shows LRN's Operating Expenses at $102.5 million in Q1 2026, $112.8 million in Q4 2025, and $173.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 11.13 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 1.18 Bn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 213.30 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 395.25 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 221.06 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 10 | Strategic Education | 1.69 Bn | 1.53 Bn | - | 154.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 102.49 Mn |
| Dec 31, 2025 | 112.78 Mn |
| Sep 30, 2025 | 173.14 Mn |
| Jun 30, 2025 | 122.58 Mn |
| Mar 31, 2025 | 118.50 Mn |
| Dec 31, 2024 | 114.76 Mn |
| Sep 30, 2024 | 168.51 Mn |
| Jun 30, 2024 | 114.53 Mn |
| Mar 31, 2024 | 113.02 Mn |
| Dec 31, 2023 | 116.89 Mn |
| Sep 30, 2023 | 169.57 Mn |
| Jun 30, 2023 | 118.14 Mn |
| Mar 31, 2023 | 103.05 Mn |
| Dec 31, 2022 | 102.02 Mn |
| Sep 30, 2022 | 158.37 Mn |
| Jun 30, 2022 | 121.58 Mn |
| Mar 31, 2022 | 94.25 Mn |
| Dec 31, 2021 | 90.64 Mn |
| Sep 30, 2021 | 133.38 Mn |
| Jun 30, 2021 | 115.21 Mn |