OverviewSuggest Edit

K12 is a provider of digital learning platforms and technology to students and school districts. The company is made up 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.

TypePublic
Founded1999
HQHerndon, US
Websitek12.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Jun 2019)4,550(-3%)
Job Openings317
Revenue (FY, 2019)$1 B(+11%)
Share Price (May 2020)$24.4 (+2%)

Key People/Management at K12

Kevin P. Chavous

Kevin P. Chavous

President of Academics, Policy and Schools
Nathaniel Davis

Nathaniel Davis

Chief Executive Officer and Chairman of the Board of Directors
James Rhyu

James Rhyu

Chief Financial Officer and President, Product and Technology
Vincent Mathis

Vincent Mathis

EVP, General Counsel, Legal
Rob Banwarth

Rob Banwarth

Senior Vice President and Chief Information Officer
Leilani M. Brown

Leilani M. Brown

Senior Vice President, Strategic Partnerships
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K12 Office Locations

K12 has offices in Herndon, Amargosa Valley, Atlanta, Bloomsburg and in 24 other locations
Herndon, US (HQ)
2300 Corporate Park Dr
Amargosa Valley, US
Amargosa Valley, NV 89020, USA
Atlanta, US
Atlanta, GA, USA
Bloomsburg, US
1257 Columbia Blvd
Boca Raton, US
Boca Raton, FL, USA
Boise, US
Boise, ID, USA
Show all (28)

K12 Financials and Metrics

K12 Revenue

K12's revenue was reported to be $1.02 b in FY, 2019
USD

Revenue (Q3, 2020)

257.2m

Gross profit (Q3, 2020)

78.2m

Gross profit margin (Q3, 2020), %

30.4%

Net income (Q3, 2020)

8.8m

EBIT (Q3, 2020)

14.5m

Market capitalization (22-May-2020)

1.0b

Closing stock price (22-May-2020)

24.4

Cash (31-Mar-2020)

150.0m

EV

1.1b
K12's current market capitalization is $1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

872.7m888.5m917.7m1.0b

Revenue growth, %

(8%)2%3%

Cost of goods sold

663.4m

Gross profit

352.3m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

221.2m208.8m221.3m229.1m221.1m222.5m228.8m217.2m232.9m251.3m254.9m253.3m257.1m257.6m257.2m

Cost of goods sold

169.4m167.5m179.0m

Gross profit

87.8m90.1m78.2m

Gross profit Margin, %

34%35%30%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

195.9m214.0m230.9m231.1m283.1m

Accounts Receivable

188.2m169.6m192.2m176.3m191.6m

Prepaid Expenses

11.4m9.6m8.0m10.3m12.6m

Inventories

29.6m30.6m30.5m31.1m29.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

150.9m171.3m199.5m135.1m182.1m194.7m147.3m189.5m227.9m143.0m203.3m234.0m165.9m211.6m150.0m

Accounts Receivable

260.8m229.6m222.9m264.2m218.7m225.8m282.8m244.1m208.0m283.8m239.7m238.6m267.7m251.6m284.3m

Prepaid Expenses

29.5m21.2m16.8m31.5m18.1m15.4m33.8m22.0m14.4m25.2m19.1m18.0m29.9m16.7m18.9m

Inventories

16.7m17.9m16.1m16.3m17.4m18.8m18.6m18.4m18.1m18.1m17.1m17.2m20.5m20.1m19.6m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

8.6m(459.0k)27.4m37.2m

Depreciation and Amortization

68.2m74.3m75.3m71.4m

Inventories

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

Accounts Payable

(3.9m)5.3m(2.3m)20.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(12.7m)(4.8m)8.9m(13.6m)(2.7m)6.1m8.9m5.0m18.1m(8.3m)15.4m33.9m(9.7m)10.9m19.6m

Depreciation and Amortization

16.6m33.0m50.6m17.7m36.4m56.3m20.6m39.2m57.6m18.5m36.2m53.3m17.1m34.4m52.8m

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(3.4m)(3.1m)(2.4m)(14.1m)(20.1m)
USDY, 2020

EV/EBIT

74.3 x

EV/CFO

356.1 x

Financial Leverage

1.6 x
Show all financial metrics

K12 Operating Metrics

FY, 2017FY, 2018

Online Students

2.20 m

Schools

77 75

Students

50 m

Teachers

2.50 k2.30 k
Show all operating metrics

K12 Online and Social Media Presence

Embed Graph

K12 News and Updates

SecurityStudio Launches K12 Cybersecurity Podcast

Security Company Aims to Provide Practical and Actionable Information in an Easy-to-Understand Manner

[Funding alert] Matrix Partners India and SAIF Partners co-lead $4M investment in edtech startup Camp K12

Camp K12 connects students from kindergarten to 12th grade, providing access to teachers for interactive, gamified, and live-learning courses for STEAM (Science, Technology, Engineering, the Arts and Mathematics) subjects.

DOBOT Unveils Magician Lite - A K12 Educational Robot Arm for Children, Teachers and Educators

SHENZHEN, China, Oct. 15, 2019 /PRNewswire/ -- DOBOT, by Shenzhen Yuejiang Technology Co. Ltd, a leading global provider of robotics education solutions, today unveiled its new "Magician Lite", a multi-functional lightweight intelligent robotic arm dedicated to K12 and STEAM education....

IPDN Announces the Establishment of a New Subsidiary to Enter K12 Education Market in China

CHICAGO, June 18, 2019 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN, the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, announced …

K12 Insight Wins 2019 SIIA CODiE Award for Best Collaborative Community Solution for Educators

HERNDON, Va., June 12, 2019 /PRNewswire/ -- K12 Insight is excited to announce that its Let's Talk! platform won a 2019 SIIA CODiE Award during the annual celebration in San Francisco on June 11. Let's Talk! is an innovative cloud-based community engagement and customer service solution...

MassiveU Answers K12 District Need for SEL Teacher Training with PD Micro Course

NAPLES, Fla., Feb. 27, 2019 /PRNewswire/ -- To solve the growing need in K12 schools for social emotional learning (SEL) training, MassiveU, a digital learning company focused on project-based social learning, has released "Intro to SEL", an asynchronous micro course introducing teachers...
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K12 Blogs

A tween’s sweet success as a bakery owner

Originally aired on KHOU11– May 18, 2020 At just 12-years-old, Texas Online Preparatory School student Arianna Bustillo is running her own bakery, Sweet Little Cookie. Thanks to online learning, she’s able to complete assignments and manage her successful baking business. To learn more about Texas O…

Idaho Technical Career Academy Students are Better Prepared for the Modern Workforce, and Will Celebrate 2020 Graduation with Online Commencement Ceremony

MERIDIAN, Idaho MERIDIAN, Idaho–(BUSINESS WIRE)– Idaho Technical Career Academy (ITCA), an online public school preparing 9th-12th grade students for real workforce experience, and serving Idaho families for the last 6 years, will cap off their school year by celebrating the Class of 2020 in an onli…

Will the Sudden Switch to Online Schooling Improve Access Forever?

Originally published by Rewire – May 13, 2020 Our education system was rocked hard in early March when the pandemic picked up. Schools were forced to shut their doors while teachers scrambled to figure out how to resume their lesson plans digitally. The transition to online schooling has been a roug…

Idaho Virtual Academy to Celebrate 2020 Graduates with Online Commencement Ceremony

MERIDIAN, Idaho MERIDIAN, Idaho–(BUSINESS WIRE)– Idaho Virtual Academy (IDVA), an online public school serving K-12 students throughout the state for the last 18 years, will cap off their school year by celebrating the Class of 2020 in an online commencement ceremony on Thursday, May 21 at 4:30 pm M…

Turning Cannot into Why Not

Originally published by K12 Digest – May 18, 2020 In the last 3 months, the world as we know it has changed dramatically.  What once were simple tasks, like getting groceries or scheduling a haircut, have now moved to events that require a certain amount of logistical planning, if they are even allo…

Tennessee Virtual Academy teacher praised

Originally published in The Knoxville News Sentinel – May 13, 2020 Marianne Vickers is amazing. Vickers is a special education teacher at Tennessee Virtual Academy who goes above and beyond the call of teaching with our special students. She works with each one of these students until they understan…
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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 Kevin P. Chavous, Nathaniel Davis and James Rhyu.

  • How many employees does K12 have?

    K12 has 4,550 employees.

  • What is K12 revenue?

    Latest K12 annual revenue is $1 b.

  • What is K12 revenue per employee?

    Latest K12 revenue per employee is $223.2 k.

  • Who are K12 competitors?

    Competitors of K12 include Vipkid, Franklin Covey and Edgenuity.

  • Where is K12 headquarters?

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

  • Where are K12 offices?

    K12 has offices in Herndon, Amargosa Valley, Atlanta, Bloomsburg and in 24 other locations.

  • How many offices does K12 have?

    K12 has 28 offices.