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 Ratings3.4

Latest Updates

Employees (est.) (Jun 2019)4,550(-3%)
Job Openings416
Revenue (FY, 2020)$1 B(+3%)
Share Price (Nov 2020)$23.1 (+7%)
Cybersecurity ratingBMore

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
Rob Banwarth

Rob Banwarth

Senior Vice President and Chief Information Officer
Vincent Mathis

Vincent Mathis

EVP, General Counsel, Legal
Leilani M. Brown

Leilani M. Brown

Senior Vice President, Strategic Partnerships
Bryan W. Flood

Bryan W. Flood

Senior Vice President, Public Affairs
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K12 Office Locations

K12 has an office in Herndon
Herndon, US (HQ)
2300 Corporate Park Dr
Show all (1)

K12 Financials and Metrics

K12 Revenue

K12's revenue was reported to be $1.04 b in FY, 2020
USD

Revenue (Q1, 2021)

371.0m

Gross profit (Q1, 2021)

129.9m

Gross profit margin (Q1, 2021), %

35%

Net income (Q1, 2021)

12.7m

EBIT (Q1, 2021)

12.1m

Market capitalization (13-Nov-2020)

959.1m

Closing stock price (13-Nov-2020)

23.1

Cash (30-Sept-2020)

308.8m

EV

958.8m
K12's current market capitalization is $959.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

872.7m888.5m917.7m1.0b1.0b

Revenue growth, %

(8%)2%3%

Cost of goods sold

663.4m693.2m

Gross profit

352.3m347.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

221.2m208.8m221.3m229.1m221.1m222.5m228.8m217.2m232.9m251.3m254.9m253.3m257.1m257.6m257.2m371.0m

Cost of goods sold

169.4m167.5m179.0m241.1m

Gross profit

87.8m90.1m78.2m129.9m

Gross profit Margin, %

34%35%30%35%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

195.9m214.0m230.9m231.1m283.1m212.3m

Accounts Receivable

188.2m169.6m192.2m176.3m191.6m236.1m

Prepaid Expenses

11.4m9.6m8.0m10.3m12.6m13.1m

Inventories

29.6m30.6m30.5m31.1m29.9m28.3m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

150.9m171.3m199.5m135.1m182.1m194.7m147.3m189.5m227.9m143.0m203.3m234.0m165.9m211.6m150.0m308.8m

Accounts Receivable

260.8m229.6m222.9m264.2m218.7m225.8m282.8m244.1m208.0m283.8m239.7m238.6m267.7m251.6m284.3m419.6m

Prepaid Expenses

29.5m21.2m16.8m31.5m18.1m15.4m33.8m22.0m14.4m25.2m19.1m18.0m29.9m16.7m18.9m33.3m

Inventories

16.7m17.9m16.1m16.3m17.4m18.8m18.6m18.4m18.1m18.1m17.1m17.2m20.5m20.1m19.6m24.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

8.6m(459.0k)27.4m37.2m24.5m

Depreciation and Amortization

68.2m74.3m75.3m71.4m72.1m

Inventories

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

Accounts Payable

(3.9m)5.3m(2.3m)20.2m(6.2m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(12.7m)(4.8m)8.9m(13.6m)(2.7m)6.1m8.9m5.0m18.1m(8.3m)15.4m33.9m(9.7m)10.9m19.6m12.7m

Depreciation and Amortization

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

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)30.9m
USDFY, 2015

Financial Leverage

1.3 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

K12 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

K12 Online and Social Media Presence

Embed Graph

K12 Blogs

Why virtual learning works for this VAVA family

Originally aired on CBS Richmond – November 18, 2020 Several school districts continued to debate whether to send students back into the classroom versus maintaining virtual learning. One Henrico County family solidified their decision before the COVID-19 pandemic even started. For years, 13-year-ol…

Dispatches from the Front: EdTech Leaders Face COVID-19

Originally published to Oaklins DeSilva+Phillips – November 18, 2020 Nate Davis, CEO and Chairman of the Board of Directors at K12 Inc., is a seasoned corporate transformational leader across industries with a record of improving operations, launching innovative new products, and building beneficial…

Stride, Inc. to Acquire Healthcare Talent Development Pioneer, MedCerts

Acquisition of one of Inc. 5000’s fastest growing companies in the multi-billion-dollar healthcare training market K12 Inc. (NYSE: LRN) – to be Stride, Inc. effective December 16, 2020 – has entered into a definitive agreement to acquire MedCerts , a leader in online career certification training, i…

Stride, Inc. Expands Ability to Meet Demands of IT Skills Gap with Acquisition of Tech Elevator

Tech Elevator boasts industry-leading job placement rate of 92%, as grads go on to Accenture, JP Morgan Chase, PNC, and more. K12 Inc. (NYSE: LRN) – to be Stride, Inc. effective December 16, 2020 – today announced that it has entered into a definitive agreement to acquire Tech Elevator , a proven in…

Ed Tech Leader K12 Inc. Becomes Stride, Inc.

New brand comes as company moves beyond K-12 market, supporting lifelong learning from kindergarten through adulthood K12 Inc. (NYSE: LRN), the nation’s leading provider of online and blended education, is becoming Stride, Inc. The new brand reflects the company’s continued growth into lifelong lear…

TOPS Student Creates YouTube Channel to Help Peers with Virtual Learning

Originally aired on FOX26 Houston – November 13, 2020 Texas Online Preparatory School (TOPS) student Steven Morris has started his own Youtube channel to offer online learning advice to his peers. In an interview with FOX Houston, Morris said he created the channel shortly after the start of the COV…
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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 Rob Banwarth.

  • 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 $228.7 k.

  • Who are K12 competitors?

    Competitors of K12 include Franklin Covey, VIPKid and Ininite Campus.

  • Where is K12 headquarters?

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

  • Where are K12 offices?

    K12 has an office in Herndon.

  • How many offices does K12 have?

    K12 has 1 office.