LRN · 10-Q · 2026Q1 · Full report

Capital Expenditures and Investments

Stride, Inc. · 2026-04-29 · Importance 83 · Surprise 82

Net cash used in investing activities for the nine months ended March 31, 2026 was $119.3 million versus $53.3 million in the prior year period, an increase of $66.0 million. The increase was primarily driven by $52.7 million of incremental investments, a year‑over‑year increase in capital expenditures of $10.8 million, and $2.5 million of higher net purchases of marketable securities. Elevated investing outflows reflect both strategic investment activity and higher capital spending for technology and equipment. These higher investing cash uses reduce available free cash flow and interact with financing and liquidity planning.

Key facts

• Net cash used in investing activities for the nine months ended March 31, 2026 was $119.3 million compared to $53.3 million for the nine months ended March 31, 2025, an increase in use of $66.0 million primarily due to an increase in investments of $52.7 million, a year over year increase in capital expenditures of $10.8 million and higher net purchases of marketable securities of $2.5 million.

Impact estimates