lrn: the income statement

MyFinsight

For the quarter ending 2025-09-30, LRN made $620,884K in revenue. $68,800K in net income. Net profit margin of 11.08%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-03-31	2024-12-31	2024-09-30
Revenues	620,884	613,376	587,211	551,084
Instructional costs and services	378,761	364,086	347,353	335,231
Gross margin	242,123	249,290	239,858	215,853
Selling, general, and administrative expenses	173,140	118,504	114,758	168,509
Income from operations	68,983	130,786	125,100	47,344
Interest expense, net	-3,075	-2,787	-2,670	-2,353
Other income, net	16,914	7,360	7,330	8,778
Income before income taxes and income (loss) from equity method investments	82,822	135,359	129,760	53,769
Income tax expense	14,423	35,450	33,361	11,277
Income (loss) from equity method investments	401	-563	-6	-1,610
Net income attributable to common stockholders	68,800	99,346	96,393	40,882

Earnings per share, basic	1.59	2.31	2.24	0.95
Earnings per share, diluted	1.4	2.02	2.03	0.94
Weighted average number of shares outstanding, basic	43,371,952	43,092,682	43,017,190	42,868,310
Weighted average number of shares outstanding, diluted	49,222,851	49,181,728	47,462,688	43,708,967