LRN · 10-Q · 2026Q1 · Full report
Finance Lease Obligations
Stride, Inc. · 2026-04-29 · Importance 70 · Surprise 56
Stride is a lessee under finance leases for computers and peripherals with Banc of America Leasing & Capital and CSI Leasing. As of March 31, 2026 the finance lease liability was $117.8 million (compared with $86.9 million at June 30, 2025), with implied or stated lease interest rates ranging from 4.18% to 6.72%. Individual leases generally include 36‑month payment terms and, for BALC leases, fixed rates ranging from 4.75% to 6.72% with a $1 purchase option at lease end; CSI leases do not include a stated rate so the company uses its incremental borrowing rate. The growth in finance lease liabilities has contributed to higher interest expense and increased near‑term financing obligations related to equipment provisioning for students.
Key facts
- As of March 31, 2026 the finance lease liability was $117.8 million compared to $86.9 million as of June 30, 2025, with lease interest rates ranging from 4.18% to 6.72%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -1.3% | As of March 31, 2026 the finance lease liability was $117.8 million compared to $86.9 million as of June 30, 2025, with lease interest… |