OverviewSuggest Edit

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.

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TypePublic
Founded1999
HQHerndon, US
Websitek12.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2017)4,750
Job Openings310
Revenue (FY, 2018)$917.7 M(+4%)
Share Price (Feb 2019)$32.2

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 (Q2, 2019)

254.9m

Net income (Q2, 2019)

23.7m

EBIT (Q2, 2019)

33.3m

Market capitalization (13-Feb-2019)

1.3b

Closing stock price (13-Feb-2019)

32.2

Cash (31-Dec-2018)

203.3m

EV

1.1b
K12's current market capitalization is $1.3 b.
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, 2019Q2, 2019

Revenue

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

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

241.7m194.1m202.2m251.8m202.8m209.8m246.5m203.5m213.1m265.1m221.6m
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, 2019Q2, 2019

Cash

150.9m171.3m199.5m135.1m182.1m194.7m147.3m189.5m227.9m143.0m203.3m

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

16.7m17.9m16.1m16.3m17.4m18.8m18.6m18.4m18.1m18.1m17.1m
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

33.6 x

EV/CFO

-22.8 x

Financial Leverage

1.3 x
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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

K12 Insight Launches New Professional Learning Workshops That Help Schools Improve the Customer Experience

AUSTIN, Texas, Jan. 22, 2019 /PRNewswire/ -- As the Texas Association of School Administrators (TASA) Midwinter Conference kicks off this month, school leaders across the state will get their first look at an emerging professional learning program focused on helping teachers and staff...

Education Market Rising Demand, Growth Opportunity, Challenges, Drivers & Future Scope with Manufacturers KAPLAN, Grand Canyon Education, K12

HTF Market Intelligence released a new research report of 108 pages on title 'Global Education Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. Posted via Industry Today. Follow us on Twitter @Industry…

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...
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K12 Blogs

NCVA Student Makes Time to Serve Others

The sounds of children laughing is a common sound heard coming from the exhibits of the Marbles Kids Museum in downtown Raleigh, North Carolina. For volunteer Emily Wollum, this sound fuels her passion to give back. Emily has been volunteering with the museum for five years. During this time, she’s …

5 questions for Kiera Pritchett, online-school student in Centennial

Originally published on Centennial Citizen – February 11, 2019 A car wreck can be a terrifying experience, but for Kiera Pritchett, it was just another time her education applied to the real world. “I was on my way to work, I was riding the bus, and the car wreck happened, a couple cars in front of …

Have You Seen Junior’s Grades? Updated K12 App Helps Parents Better Track Their Child’s Success and Improves Access to the Online School Experience

HERNDON, Va.–(BUSINESS WIRE)–K12 Inc. (NYSE:LRN), a technology-based education company and leading provider of K-12 online curriculum, school programs, and one-to-one learning solutions, is breaking new ground in bridging the gap between parents and information about their children’s education. Acco…

Ohio Virtual Academy Now Accepting Enrollments for 2019-2020 School Year

MAUMEE, Ohio–(BUSINESS WIRE)–Ohio Virtual Academy (OHVA), an accredited, full-time online public school, welcomes students in K through 12 to enroll for the 2019-2020 school year. With over fifteen years as a trusted education program, OHVA is tuition-free to all students who reside in Ohio. Authori…

From sickness to success: Girl thrives in virtual school

Originally aired on KARE-TV – February 8, 2019 For Minnesota Virtual Academy student Taylor Briemhorst, undergoing high-risk brain surgery at the age of 6, didn’t stop her from being an inspiration to others. Online learning is letting her continue her education. To learn more about Minnesota Virtua…

Letter: Support school choice

Originally published in The Record-Courier – February 10, 2019 I believe that every child deserves the right to learn in a safe environment. When my son Christopher was a victim of bullying, I decided to remove him from brick-and-mortar school. Fortunately, I found Ohio Virtual Academy (OHVA) and we…
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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.