K12 Inc. is driving innovation and advancing the quality of education by delivering state-of-the-art, digital learning platforms and technology to students and school districts across the globe. With nearly a half-billion dollars invested in developing award winning curriculum, K12 serves over 2,000 schools and school districts and has delivered more than four million courses over the past decade. K12 is a company of educators with the nation's largest network of K-12 online school teachers, providing instruction, academic services, and learning solutions to public schools and districts, traditional classrooms, blended school programs, and directly to families At K12, our mission has remained steadfast: To put students first and maximize their potential to learn and achieve. At K12, we have an unwavering commitment to our students' academic achievement. Our educators and dedicated staff have a passion to ensure that all children have the opportunity achieve their academic goals, and that is foremost in everything we do. We strive to serve every child regardless of their geographic, socioeconomic, or academic circumstance. We continue to refine and improve our academic programs and instructional models, and we provide our teachers with the tools and resources they need to put students first and maximize their potential.
Company Growth (employees)
Type
Public
HQ
Herndon, US
Founded
1999
Size (employees)
4,800 (est)
Website
k12.com
K12 was founded in 1999 and is headquartered in Herndon, US

Key People 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

K12 Office Locations

K12 has offices in Herndon, Grand Rapids, Little Rock, Indianapolis and in 33 other locations
Herndon, US (HQ)
2300 Corporate Park Drive Herndon
Show all (37)

K12 Data and Metrics

K12 Financial Metrics

K12's revenue was reported to be $222.5 m in Q3, 2017
USD

Revenue (Q3, 2017)

222.5 m

Net income (Q3, 2017)

8.9 m

EBIT (Q3, 2017)

12.8 m

Market capitalization (25-Jul-2017)

711.1 m

Cash (31-Mar-2017)

194.7 m
K12's current market capitalization is $711.1 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

522.4 m708.4 m848.2 m919.6 m948.3 m872.7 m

Revenue growth, %

36%20%8%3%(8%)

Gross profit

350.3 m340.5 m

Gross profit Margin, %

38%36%

Operating expense total

327.5 m322.1 m312.3 m

EBIT

22.9 m18.4 m13.9 m

EBIT margin, %

2%2%2%

Interest expense

55 k

Interest income

55 k

Income tax expense

11.3 m11.9 m20 m11.1 m5.8 m4.7 m

Net Income

18.1 m9.3 m8.6 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

236.7 m231.3 m244.6 m221.2 m208.8 m221.3 m229.1 m221.1 m222.5 m

EBIT

(13.2 m)20.5 m27.4 m(20.5 m)19.1 m(22.7 m)18.3 m12.8 m

EBIT margin, %

(6%)9%11%(9%)9%(10%)8%6%

Interest income

342 k264 k641 k

Net Income

(6.6 m)12 m16.5 m(12.7 m)7.9 m13.7 m(13.6 m)10.9 m8.9 m
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

81.8 m193.1 m144.7 m181.5 m196.1 m195.9 m214 m

Current Assets

465.2 m459 m445.9 m

PP&E

48.6 m34.4 m28.4 m

Goodwill

58.1 m66.2 m87.3 m

Total Assets

711.7 m708.6 m734.1 m

Accounts Payable

31 m29.8 m25.9 m

Current Liabilities

113.8 m110.7 m123 m

Additional Paid-in Capital

639 m663.5 m675.4 m

Retained Earnings

(61.5 m)(50.5 m)(41.4 m)

Total Equity

528.9 m

Financial Leverage

1.3 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

109.2 m124.2 m142.9 m150.9 m171.3 m199.5 m135.1 m182.1 m194.7 m

Inventories

18 m19.5 m17.8 m16.7 m17.9 m16.1 m16.3 m17.4 m18.8 m

Current Assets

468.9 m455.1 m481.9 m488.3 m469.7 m488.6 m472.3 m459.8 m479.6 m

PP&E

52.1 m48.1 m47.4 m31.7 m28.7 m26.7 m31.5 m28.4 m26 m

Goodwill

67.3 m67.2 m67.2 m66.2 m66.2 m66.2 m87.3 m87.3 m87.3 m

Total Assets

731.2 m715.3 m743.7 m737.4 m715 m733.9 m761 m737.5 m745.4 m

Accounts Payable

41.6 m16.6 m20 m42.3 m16.8 m15.7 m31.2 m18.4 m16.1 m

Current Liabilities

157.3 m127.8 m135.7 m149.7 m116.4 m121.2 m147.8 m125.4 m123.1 m

Additional Paid-in Capital

642.1 m645.9 m649.2 m663.2 m665.8 m668.2 m674.1 m678.2 m681.4 m

Retained Earnings

(68.2 m)(55.9 m)(38.9 m)(63.3 m)(54.7 m)(40.4 m)(55.3 m)(43.6 m)(34.5 m)

Total Equity

498.2 m513.8 m524 m535.3 m552.2 m543.7 m559.6 m572 m

Financial Leverage

1.5 x1.4 x1.4 x1.3 x1.3 x1.4 x1.3 x1.3 x
USDFY, 2014FY, 2015FY, 2016

Net Income

18.1 m9.3 m8.6 m

Depreciation and Amortization

86.3 m83.8 m68.2 m

Accounts Receivable

(12 m)(1.9 m)14.5 m

Inventories

6.3 m2.9 m(1.8 m)

Accounts Payable

9.8 m(1.2 m)(3.9 m)

Cash From Operating Activities

123.5 m120.1 m121.8 m

Purchases of PP&E

(7.4 m)(9.9 m)(5 m)

Cash From Investing Activities

(45.8 m)(68.3 m)(82.9 m)

Short-term Borrowings

(22.7 m)(21.9 m)(17.4 m)

Cash From Financing Activities

(64 m)(50.4 m)(20.8 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

(6.6 m)12 m16.5 m(12.7 m)7.9 m13.7 m(13.6 m)10.9 m8.9 m

Accounts Payable

41.6 m16.6 m20 m42.3 m16.8 m15.7 m31.2 m18.4 m16.1 m
USDY, 2017

Revenue/Employee

46.4 k

Financial Leverage

1.3 x

K12 Market Value History

K12 Median Salaries

Source: 42 public H-1B filings from K12

K12 Online and Social Media Presence

K12 Company Life and Culture

You may also be interested in