LRN · 10-Q · 2026Q1 · Full report

Operating Cash Flow Trends

Stride, Inc. · 2026-04-29 · Importance 54 · Surprise 40

Net cash provided by operating activities for the nine months ended March 31, 2026 was $117.0 million, down from $134.5 million in the prior year period, a decrease of $17.5 million (≈13%). Management attributes the decline primarily to changes in working capital, including accounts receivable, accrued compensation and benefits, and accrued liabilities, partially offset by higher net income adjusted for non‑cash items. The decrease in operating cash flow reduces near‑term free cash generation relative to the prior year and interacts with financing decisions such as share repurchases and lease repayments. Management continues to reference operating cash flow as a primary source of liquidity for ongoing obligations.

Key facts

• Net cash provided by operating activities for the nine months ended March 31, 2026 was $117.0 million compared to $134.5 million for the nine months ended March 31, 2025, a decrease of $17.5 million primarily due to changes in working capital.

Impact estimates