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
DateValue
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