Stride (LRN) Operating Leases (2019 - 2026)

Stride (LRN) reported Operating Leases of $8.8 million for Q1 2026, down 76.06% year-over-year from $36.8 million in Q1 2025, and down 16.65% quarter-over-quarter from $10.6 million in Q4 2025.

Stride (LRN) Operating Leases (2019 - 2026) Analysis & Trends

Stride (LRN) has 8 years of Operating Leases data on file, last reported at $8.8 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $8.8 million, down 76.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.8 million (down 76.06% YoY), and the FY2025 annual result was $35.2 million, down 22.19% from the prior year.
  • Operating Leases declined to $8.8 million in Q1 2026 per LRN's latest filing, from $10.6 million in the prior quarter.
  • Over five years, Operating Leases peaked at $76.3 million in Q1 2022 and troughed at $8.8 million in Q1 2026.
  • A 5-year average of $48.1 million and a median of $48.4 million in 2024 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2022 and 2026: Operating Leases declined 3.01% in 2022, then tumbled 76.06% in 2026.
  • A 5-year view of Operating Leases shows it stood at $65.8 million in 2022, then declined by 21.69% to $51.6 million in 2023, then dropped by 23.96% to $39.2 million in 2024, then slumped by 73.05% to $10.6 million in 2025, then dropped by 16.65% to $8.8 million in 2026.
  • Business Quant data shows LRN's Operating Leases at $8.8 million in Q1 2026, $10.6 million in Q4 2025, and $35.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn
10 Strategic Education 1.69 Bn 1.53 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 8.81 Mn
Dec 31, 2025 10.57 Mn
Sep 30, 2025 35.74 Mn
Jun 30, 2025 35.16 Mn
Mar 31, 2025 36.79 Mn
Dec 31, 2024 39.20 Mn
Sep 30, 2024 42.33 Mn
Jun 30, 2024 45.19 Mn
Mar 31, 2024 48.42 Mn
Dec 31, 2023 51.55 Mn
Sep 30, 2023 54.99 Mn
Jun 30, 2023 59.43 Mn
Mar 31, 2023 62.30 Mn
Dec 31, 2022 65.83 Mn
Sep 30, 2022 69.11 Mn
Jun 30, 2022 75.13 Mn
Mar 31, 2022 76.34 Mn
Dec 31, 2021 79.02 Mn
Sep 30, 2021 82.57 Mn
Jun 30, 2021 77.46 Mn