| Balance Sheets | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 518,439 | 528,547 | 515,049 | 317,765 |
| Accounts receivable, net of allowance of 31,401 and 31,124 | 809,302 | 699,817 | 582,548 | 675,709 |
| Inventories, net | 19,814 | 22,375 | 20,707 | 22,319 |
| Prepaid expenses | 91,261 | 49,733 | 51,367 | 53,902 |
| Marketable securities | 196,659 | 195,144 | 202,447 | 204,473 |
| Other current assets | 14,634 | 17,361 | 16,361 | 17,158 |
| Total current assets | 1,650,109 | 1,512,977 | 1,388,479 | 1,291,326 |
| Operating lease right-of-use assets, net | - | 46,011 | 48,563 | 51,609 |
| Property and equipment, net | 112,993 | 88,490 | 84,685 | 84,801 |
| Capitalized software, net | 76,156 | 76,932 | 77,299 | 77,181 |
| Capitalized curriculum development costs, net | 59,642 | 55,860 | 53,759 | 52,754 |
| Intangible assets, net | 16,294 | 52,759 | 55,170 | 57,714 |
| Goodwill | 246,676 | 246,676 | 246,676 | 246,676 |
| Deferred tax asset | - | 3,363 | - | - |
| Deposits and other assets | 171,245 | 124,876 | 116,150 | 109,900 |
| Total assets | 2,333,115 | 2,207,944 | 2,070,781 | 1,971,961 |
| Accounts payable | 55,596 | 40,204 | 30,896 | 50,057 |
| Accrued liabilities | 59,468 | 71,185 | 82,664 | 56,030 |
| Accrued compensation and benefits | 43,870 | 68,959 | 44,508 | 40,469 |
| Deferred revenue | 18,820 | 32,902 | 16,797 | 32,330 |
| Current portion of finance lease liability | 55,278 | 44,011 | 43,212 | 39,133 |
| Current portion of operating lease liability | 10,528 | 12,306 | 12,583 | 12,636 |
| Total current liabilities | 243,560 | 269,567 | 230,660 | 230,655 |
| Long-term finance lease liability | 69,735 | 52,763 | 50,731 | 50,994 |
| Long-term operating lease liability | 35,743 | 36,790 | 39,202 | 42,326 |
| Long-term debt | 416,751 | 415,913 | 415,522 | 415,098 |
| Deferred tax liability | 21,570 | - | 470 | 2,300 |
| Other long-term liabilities | 18,348 | 15,539 | 16,091 | 16,242 |
| Total liabilities | 805,707 | 790,572 | 752,676 | 757,615 |
| Common stock, par value 0.0001 100,000,000 shares authorized 49,194,821 and 48,852,419 shares issued and 43,860,078 and 43,517,676 shares outstanding, respectively | 4 | 4 | 4 | 4 |
| Additional paid-in capital | 714,697 | 724,767 | 724,839 | 717,488 |
| Accumulated other comprehensive loss | -64 | -50 | -43 | -58 |
| Retained earnings | 915,253 | 795,133 | 695,787 | 599,394 |
| Treasury stock of 5,334,743 shares at cost | 102,482 | 102,482 | 102,482 | 102,482 |
| Total stockholders' equity | 1,527,408 | 1,417,372 | 1,318,105 | 1,214,346 |
| Total liabilities and stockholders' equity | 2,333,115 | 2,207,944 | 2,070,781 | 1,971,961 |
Stride, Inc. (LRN)
Stride, Inc. (LRN)