Stride (LRN) Operating Expenses (2016 - 2026)
On a quarterly basis, Operating Expenses fell 13.52% to $102.5 million in Q1 2026 year-over-year; TTM through Mar 2026 was $511.0 million, a 1.03% decrease, with the full-year FY2025 number at $524.3 million, up 2.01% from a year prior.
Stride (LRN) has 17 years of Operating Expenses data on record, last reported at $102.5 million in Q1 2026.
- Operating Expenses reached $102.5 million in Q1 2026 per LRN's latest filing, down from $112.8 million in the prior quarter.
- Over the last five years, Operating Expenses for LRN hit a ceiling of $173.1 million in Q3 2025 and a floor of $94.2 million in Q1 2022.
- A 5-year average of $125.0 million and a median of $116.9 million in 2023 define the central range for Operating Expenses.
- Peak YoY movement for Operating Expenses: increased 18.74% in 2022, then decreased 13.52% in 2026.
- Tracing LRN's Operating Expenses over 5 years: stood at $102.0 million in 2022, then grew by 14.58% to $116.9 million in 2023, then decreased by 1.82% to $114.8 million in 2024, then decreased by 1.72% to $112.8 million in 2025, then fell by 9.13% to $102.5 million in 2026.
- Business Quant data shows Operating Expenses for LRN 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 | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 153.10 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 |
| Mar 31, 2021 | 100.46 Mn |
| Dec 31, 2020 | 90.94 Mn |
| Sep 30, 2020 | 117.83 Mn |
| Jun 30, 2020 | 84.45 Mn |
| Mar 31, 2020 | 63.69 Mn |
| Dec 31, 2019 | 59.78 Mn |
| Sep 30, 2019 | 107.15 Mn |
| Jun 30, 2019 | 253.63 Mn |
| Mar 31, 2019 | 229.99 Mn |
| Dec 31, 2018 | 221.58 Mn |
| Sep 30, 2018 | 265.07 Mn |
| Jun 30, 2018 | 229.00 Mn |
| Mar 31, 2018 | 213.15 Mn |
| Dec 31, 2017 | 203.50 Mn |
| Sep 30, 2017 | 246.55 Mn |
| Jun 30, 2017 | 211.05 Mn |
| Mar 31, 2017 | 209.77 Mn |
| Dec 31, 2016 | 202.77 Mn |
| Sep 30, 2016 | 246.55 Mn |
| Jun 30, 2016 | 220.81 Mn |