The GAAP EPS miss vs consensus is largely mechanical (share dilution from convertible notes and capped call treatment), while adjusted EPS beat the Street number. The maintained full-year guidance and 7% revenue-per-enrollment growth provide a floor. Watch Q2 guidance ($625M-$645M revenue) and whether Career Learning enrollment acceleration sustains.
Price Chart
Executive Summary
Stride reported Q1 FY2027 revenue of $639.4M (+3% YoY) and GAAP diluted EPS of $1.45, a 40.5% miss vs consensus of $2.44. Adjusted EPS of $1.37 was in line with the Street consensus of $1.30. Total enrollments declined 2.5% YoY, but Career Learning enrollments grew 2% and revenue per enrollment rose 7%. The company maintained its full-year FY2027 revenue guidance of $2.53B-$2.61B and adjusted operating income guidance of $500M-$530M.
Key Financial Metrics
Key Facts
- Q1 FY2027 revenue $639.4M vs $620.9M YoY (+3.0%)
- GAAP diluted EPS $1.45 vs consensus $2.44 (40.5% miss); adjusted EPS $1.37 vs Street consensus $1.30 (beat)
- Total enrollments 241.4K, down 2.5% YoY; Career Learning enrollments 112.2K, up 2.0%
- Revenue per enrollment $2,556, up 7.0% YoY
- Full-year FY2027 guidance maintained: revenue $2.53B-$2.61B, adjusted operating income $500M-$530M
- Cash and marketable securities $884.2M at quarter end, down from $1,034.1M at June 30, 2026
- Operating cash flow used $124.8M vs $195.8M used in prior-year quarter
Financial Impact
Revenue grew 3% YoY to $639.4M; GAAP net income declined 5.6% to $64.9M; adjusted EPS declined 9.9% to $1.37
Risk Factors
- Total enrollments declining 2.5% YoY signals potential market share loss in General Education
- GAAP net income declined 5.6% YoY despite revenue growth, pressured by lower other income and higher tax
- Cash burn of $206.8M in the quarter, partly seasonal but notable given $418.4M current portion of debt
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-006722 |
| Document: f8k_102026.htm | 0001171843-26-006722 |
| Document: 0001171843-26-006722-index-headers.html | 0001171843-26-006722 |
| Document: 0001171843-26-006722-index.html | 0001171843-26-006722 |
| Document: 0001171843-26-006722.txt | 0001171843-26-006722 |
| 8-K Data (Synthetic) | 0001171843-26-006722 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 3 | $78.04 | awaiting T+5 | — | $79.21 (+1.50%) |
Oct 27, 2026 today | DEF 14A / DEFA14A | $78.04 | awaiting T+5 | — | $79.21 (+1.50%) |
Oct 20, 2026 7d ago | 8-K | $76.39 | awaiting T+5 | — | $79.21 (+3.69%) |
Oct 20, 2026 7d ago | Press Release | $76.39 | awaiting T+5 | — | $79.21 (+3.69%) |
Oct 9, 2026 18d ago | 8-K | $85.59 $82.39 | ▼ −3.74% | ▼ −1.77% | $79.21 (−7.45%) |
Oct 8, 2026 19d ago | SC 13G | $81.36 $83.18 | ▲ +2.24% | ▲ +2.51% | $79.21 (−2.64%) |
Jul 30, 2026 12w ago | 8-K | $83.07 $80.00 | ▼ −3.70% | ▼ −7.32% | $79.21 (−4.65%) |
Jul 21, 2026 14w ago | Press Release | $84.22 $97.71 | ▲ +16.02% | ▲ +18.42% | $79.21 (−5.95%) |
Mar 10, 2026 33w ago | Press Release | $84.60 $87.08 | ▲ +2.93% | ▲ +3.84% | $79.21 (−6.37%) |
Mar 9, 2026 33w ago | Press Release | $85.31 $82.97 | ▼ −2.74% | ▼ −1.39% | $79.21 (−7.15%) |
US Market Status
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