K12 provides online education solutions for students in pre-K through 12th grade. The Company is made up of thousands of online school educators providing instruction, academic services, and learning solutions to public schools and districts, traditional classrooms, blended school programs, and directly to families.

Employee Rating

3.4More
TypePublic
HQHerndon, US
Founded1999
Size (employees)4,750 (est)
Websitek12.com
K12 was founded in 1999 and is headquartered in Herndon, US
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Key People/Management at K12

Howard D. Polsky

Howard D. Polsky

Executive Vice President ofGeneral Counsel & Secretary
Allison Cleveland

Allison Cleveland

Executive Vice President of School Management and Services
Nathaniel Davis

Nathaniel Davis

Chief Executive Officer and Chairman of the Board of Directors
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K12 Office Locations

K12 has offices in Herndon, Brooklyn, Philadelphia, Westminster and in 35 other locations
Herndon, US (HQ)
2300 Corporate Park Drive Herndon
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K12 Financials and Metrics

K12 Revenue

K12's revenue was reported to be $917.73 m in FY, 2018 which is a 3.3% increase from the previous period.
USD

Revenue (Q1, 2019)

251.3m

Net income (Q1, 2019)

(8.3m)

EBIT (Q1, 2019)

(13.8m)

Market capitalization (14-Dec-2018)

913.6m

Closing stock price (14-Dec-2018)

22.7

Cash (30-Sep-2018)

143.0m

EV

808.2m
K12's current market capitalization is $913.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

872.7m888.5m917.7m

Revenue growth, %

(8%)2%3%

General and administrative expense

302.2m305.6m290.4m

R&D expense

10.1m12.5m9.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

221.2m208.8m221.3m229.1m221.1m222.5m228.8m217.2m232.9m251.3m

General and administrative expense

99.3m61.4m64.9m104.6m62.4m69.8m96.3m62.0m62.3m102.6m

R&D expense

3.4m3.0m2.6m3.1m2.9m3.5m2.9m2.4m2.0m3.5m

Operating expense total

241.7m194.1m202.2m251.8m202.8m209.8m246.5m203.5m213.1m265.1m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

195.9m214.0m230.9m231.1m

Accounts Receivable

169.6m192.2m176.3m

Prepaid Expenses

9.6m8.0m10.3m

Inventories

29.6m30.6m30.5m31.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

150.9m171.3m199.5m135.1m182.1m194.7m147.3m189.5m227.9m143.0m

Accounts Receivable

260.8m229.6m222.9m264.2m218.7m225.8m282.8m244.1m208.0m283.8m

Prepaid Expenses

29.5m21.2m16.8m31.5m18.1m15.4m33.8m22.0m14.4m25.2m

Inventories

16.7m17.9m16.1m16.3m17.4m18.8m18.6m18.4m18.1m18.1m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

8.6m(459.0k)27.4m

Depreciation and Amortization

68.2m74.3m75.3m

Inventories

(1.8m)(348.0k)(3.8m)

Accounts Payable

(3.9m)5.3m(2.3m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(12.7m)(4.8m)8.9m(13.6m)(2.7m)6.1m8.9m5.0m18.1m(8.3m)

Depreciation and Amortization

16.6m33.0m50.6m17.7m36.4m56.3m20.6m39.2m57.6m18.5m

Inventories

12.6m11.3m12.9m14.1m12.7m11.4m11.6m11.2m11.1m(6.4m)

Accounts Payable

12.5m(13.1m)(14.1m)5.3m(7.5m)(9.8m)8.2m(9.1m)(9.2m)16.0m
USDY, 2018

EV/EBIT

-58.8 x

EV/CFO

-16.5 x

Debt/Equity

0.1 x

Financial Leverage

1.4 x

P/E Ratio

(103.3)
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K12 Operating Metrics

FY, 2017FY, 2018

Online Students

2.20 m

Schools

77 75

Students

50 m

Teachers

2.50 k2.30 k
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K12 Online and Social Media Presence

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K12 News and Updates

Online Learning Global Market 2018: Key Players – K12 Inc, Pearson, White Hat Management, Bettermarks, Scoyo

Wiseguyreports.Com adds “Online Learning Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Online Education Market report provides the data on the past progress, ongoing market scenarios and future predictions, strategies and market shares of the leading companies like K12 Inc, Pearson, White Hat Managemen

The report conceals the competitive landscape of the global Online Education Market with a precise focus on companies positioned in global regions. Posted via Industry Today. Follow us on Twitter @IndustryToday

A School Lunch Menu Where Students Have A Vote: Chartwells K12 Introduces New Student Choice Program in 150 School Cafeterias Across America

ELMHURST, Ill., Nov. 1, 2018 /PRNewswire/ -- This fall, students across the country will make the lunch menu their own through the new "Student Choice" program launched by Chartwells K12, a foodservice partner that's reimagining the school dining experience. Using new technology, Student...

Dude Solutions and SchoolPay Announce Seamless K12 Facility Rental Payment Integration

CARY, N.C. and MADISON, Wis., Sept. 6, 2018 /PRNewswire/ -- Dude Solutions, the leading provider of operations management services to education, and SchoolPay, the most advanced enterprise payment solution in the K12 market, today announced an agreement for SchoolPay to power payments in...

K-12 Testing and Assessment 2018 Global Market Key Players – CogniFit, Edutech, ETS, MeritTrac, Pearson Education– Analysis and Forecast to 2025

Wiseguyreports.Com adds “K-12 Testing and Assessment Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Writable Closes $3.2 Million in Seed Financing to Help Solve the K12 Writing Proficiency Crisis

PALO ALTO, Calif., Aug. 22, 2018 /PRNewswire/ -- Writable (www.writable.com) today announced $3.2 million in seed financing led by Omidyar Technology Ventures including strategic participation from learning company Houghton Mifflin Harcourt. The financing will be used to expand product...
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K12 Blogs

From Bullied to Beaming: How Online School Built ISPA Student’s Confidence

Simon Thomas was diagnosed with high-functioning autism when he was in first grade. Because of his differences, he struggled both academically and socially and was constantly bullied by his peers. Mistreated and misunderstood, Simon came home from school in tears one time too many. Thankfully, Simon…

Alexandria teen climbing to new heights as she aims to make 2020 Olympic Games

Originally aired on Fox 5 DC – December 14, 2018 ALEXANDRIA, Va. (FOX 5 DC) – A Virginia teenager is aiming high in order to reach the Olympics. Ever since it was announced that climbing would be part of the 2020 Summer Olympic Games in Tokyo, she has been training harder than ever and her efforts a…

Young autistic student making a mark learning, helping others

Originally published in The Stephenville Empire-Tribune – December 12, 2018 Stephenville resident Noah Sohm may have been diagnosed as having a form of autism, but he should not be underestimated. Those who do could end up being pleasantly surprised by the engaging, interesting youngster. A conversa…

For Keller siblings, each cross-country move brings new opportunity to help

Originally aired on WFAA-TV – December 12, 2018 In America, few things are nobler than serving your country. But for the family of retired Army Lt. Col. Eric McClung, there’s a downside to being so devoted. “There’s always a question of where we’re going to go next,” said Eric’s wife, April. “I foun…

Davis: The Continuous Evolution of Online Schools

Originally published in THE Journal – December 11, 2018 Over the last 20 years, technology has opened the door to a far more flexible and personalized approach to learning. Millions of people have taken advantage of MOOCs, microcredentials and distance learning, not to mention countless informal mod…

DAVIS: The Continuous Evolution of Online Schools

Over the last 20 years, technology has opened the door to a far more flexible and personalized approach to learning. Millions of people have taken advantage of MOOCs, microcredentials and distance learning, not to mention countless informal modes of instruction ranging from podcasts to ebooks. This …
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K12 Company Life and Culture

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K12 Frequently Asked Questions

  • When was K12 founded?

    K12 was founded in 1999.

  • Who are K12 key executives?

    K12's key executives are Howard D. Polsky, Allison Cleveland and Nathaniel Davis.

  • How many employees does K12 have?

    K12 has 4,750 employees.

  • What is K12 revenue?

    Latest K12 annual revenue is $917.7 m.

  • What is K12 revenue per employee?

    Latest K12 revenue per employee is $193.2 k.

  • Who are K12 competitors?

    Competitors of K12 include Vipkid, Kickboard and Meritnation.

  • Where is K12 headquarters?

    K12 headquarters is located at 2300 Corporate Park Drive Herndon, Herndon.

  • Where are K12 offices?

    K12 has offices in Herndon, Brooklyn, Philadelphia, Westminster and in 35 other locations.

  • How many offices does K12 have?

    K12 has 39 offices.