Stride market cap is $1.2 b, and annual revenue was $1.04 b in FY 2020

Stride Gross profit (Q3, 2021)139 M

Stride Gross profit margin (Q3, 2021), %35.5%

Stride Net income (Q3, 2021)23.8 M

Stride EBIT (Q3, 2021)38.6 M

Stride Cash, 31-Mar-2021329 M

Stride EV1.2 B

Stride revenue was $1.04 b in FY, 2020 which is a 2.5% year over year increase from the previous period.

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 917.7m | 1.0b | 1.0b |

| 3% | 11% | 2% |

## Cost of goods sold | 592.5m | 663.4m | 693.2m |

## Gross profit | 325.2m | 352.3m | 347.5m |

| 35% | 35% | 33% |

## R&D expense | 9.2m | 9.5m | |

## General and administrative expense | 290.4m | 297.4m | 315.1m |

## Operating expense total | 299.7m | 306.8m | 315.1m |

## EBIT | 25.5m | 45.5m | 32.5m |

| 3% | 4% | 3% |

## Interest income | 965.0k | 2.8m | 698.0k |

## Pre tax profit | 26.5m | 48.4m | 33.4m |

## Income tax expense | (910.0k) | 10.5m | 8.5m |

## Net Income | 27.4m | 37.2m | 24.5m |

## EPS | 0.7 | 0.9 | 0.6 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 251.3m | 254.9m | 253.3m | 257.1m | 257.6m | 257.2m | 371.0m | 376.1m | 392.1m |

## Cost of goods sold | 159.0m | 160.3m | 168.3m | 169.4m | 167.5m | 179.0m | 241.1m | 246.8m | 253.1m |

## Gross profit | 92.3m | 94.5m | 85.0m | 87.8m | 90.1m | 78.2m | 129.9m | 129.4m | 139.0m |

| 37% | 37% | 34% | 34% | 35% | 30% | 35% | 34% | 35% |

## R&D expense | 3.5m | 1.1m | 2.3m | ||||||

## General and administrative expense | 102.6m | 60.2m | 59.4m | 107.2m | 59.8m | 63.7m | 117.8m | 90.9m | 100.5m |

## Operating expense total | 106.1m | 61.3m | 61.7m | 107.2m | 59.8m | 63.7m | 117.8m | 90.9m | 100.5m |

## EBIT | (13.8m) | 33.3m | 23.3m | (19.4m) | 30.3m | 14.5m | 12.1m | 38.5m | 38.6m |

| (5%) | 13% | 9% | (8%) | 12% | 6% | 3% | 10% | 10% |

## Interest expense | 504.0k | 76.0k | 2.1m | 5.0m | 5.4m | ||||

## Interest income | 509.0k | 754.0k | 910.0k | 441.0k | |||||

## Investment income | 396.0k | ||||||||

## Pre tax profit | (13.3m) | 32.8m | 24.6m | (18.5m) | 31.1m | 13.3m | 10.4m | 34.8m | 33.7m |

## Income tax expense | (5.1m) | 9.1m | 5.8m | (8.8m) | 10.4m | 4.4m | (2.4m) | 10.6m | 10.3m |

## Net Income | (8.3m) | 23.7m | 18.5m | (9.7m) | 20.6m | 8.8m | 12.7m | 24.5m | 23.8m |

## EPS | (0.2) | 0.6 | 0.4 | (0.2) | 0.5 | 0.2 | 0.3 | 0.6 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 231.1m | 283.1m | 212.3m |

## Accounts Receivable | 176.3m | 191.6m | 236.1m |

## Prepaid Expenses | 10.3m | 12.6m | 13.1m |

## Inventories | 31.1m | 29.9m | 28.3m |

## Current Assets | 459.2m | 529.7m | 501.3m |

## PP&E | 28.9m | 32.0m | 38.7m |

## Goodwill | 90.2m | 90.2m | 174.9m |

## Total Assets | 742.0m | 819.6m | 1.1b |

## Accounts Payable | 29.4m | 50.5m | 40.4m |

## Short-term debt | 13.4m | 19.6m | 134.0m |

## Current Liabilities | 116.2m | 155.6m | 273.4m |

## Long-term debt | 12.7m | 5.1m | 101.2m |

## Total Debt | 26.0m | 24.6m | 235.2m |

## Total Liabilities | 154.8m | 186.2m | 397.9m |

## Common Stock | 4.0k | 4.0k | 4.0k |

## Additional Paid-in Capital | 703.4m | 713.4m | 730.8m |

## Retained Earnings | (13.4m) | 22.4m | 47.0m |

## Total Equity | 587.2m | 633.4m | 675.3m |

## Debt to Equity Ratio | 0 x | 0 x | 0.3 x |

## Debt to Assets Ratio | 0 x | 0 x | 0.2 x |

## Financial Leverage | 1.3 x | 1.3 x | 1.6 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 27.4m | 37.2m | 24.5m |

## Depreciation and Amortization | 75.3m | 71.4m | 72.1m |

## Accounts Receivable | 12.0m | (21.6m) | (37.8m) |

## Accounts Payable | (2.3m) | 20.2m | (6.2m) |

## Cash From Operating Activities | 103.6m | 141.6m | 80.4m |

## Purchases of PP&E | (8.7m) | (5.5m) | (1.7m) |

## Cash From Investing Activities | (50.5m) | (61.1m) | (217.4m) |

## Long-term Borrowings | (13.3m) | (21.0m) | (32.7m) |

## Cash From Financing Activities | (50.9m) | (29.0m) | 65.6m |

## Net Change in Cash | 2.2m | 51.5m | (71.3m) |

## Interest Paid | 778.0k | 1.1m | 1.3m |

## Income Taxes Paid | 12.2k | 4.5m | 3.4m |

USD | FY, 2018 |
---|---|

## EV/EBIT | 17.2 x |

## EV/CFO | 4.2 x |

## Revenue/Employee | 195.3k |

## Financial Leverage | 1.3 x |

## P/E Ratio | 24.1 |

FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q2, 2021 | Q1, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Student Enrollments (Career Learning) | 30.8 k | 30.3 k | |||||||||

## Student Enrollments (General Education) | 164.6 k | 161.2 k | |||||||||

## Student Enrollments (Managed Public School Programs) | 108.74 k | 118.8 k | 116.4 k | 117.1 k | 115.56 k | 122.3 k | 117.6 k | 119.7 k | 118.59 k | ||

## Student Enrollments (Non-managed Public School Programs) | 23.9 k | 23.8 k | 23.7 k | 24.5 k | 23.9 k | 15.6 k | 15.6 k | 16.2 k | 15.8 k | ||

## Total Enrollment | 191.5 k | 195.4 k |