LRN · 10-Q · 2026Q1 · Full report

Market Demand Trends

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

Total enrollments for the nine months ended March 31, 2026 were 246.7 thousand, up 13.2 thousand or 5.7% year-over-year, driven by growth in Career Learning enrollments. Career Learning enrollments increased 15.3% for the nine months and 11.6% in the quarter, while General Education enrollments declined 1.1% for the nine months and 5.0% in the quarter. Career Learning revenue rose materially (Career Learning revenue +17.6% for the nine months and +12.3% for the quarter), while General Education revenue was roughly flat year-to-date (+0.7%) but down in the quarter (-3.6%). The company serves public and private schools, school districts and charter boards across dozens of states (92 schools in 31 states + DC for General Education; 57 schools/programs in 25 states for Career Learning), indicating demand is shifting toward Career Learning offerings.

Key facts

• For the 2025-2026 school year Stride provides its school-as-a-service offering to 92 schools in 31 states and the District of Columbia in the General Education market.
• For the 2025-2026 school year Stride provides its school-as-a-service offering to 57 schools or programs in 25 states in the Career Learning market.
• In the most recent academic year ended June 30, 2025, Stride graduated 19,045 high school students from its partner schools.