Summary
LRN Chart
Stride vs. Chegg: Which Online Education Stock is a Smarter Buy?
LRN leads with 20% enrollment growth and a bullish 2025 outlook, while CHGG struggles with subscriber losses and AI-driven headwinds.
Stride: An Online School Provider That Is Growing Fast
Stride's stock has surged 344% since 2023, driven by robust enrollment growth and secular trends favoring online and homeschool education. The company boasts strong financials, with a 14% revenue CAGR and a 33% adjusted operating income CAGR over the past two years, supporting my buy rating. Risks include potential 6.94% share dilution from convertible notes and limited pricing power, due to reliance on district funding per student.
Stride: Dominating The K-12 Online Education Market
Stride is capitalizing on the structural shift toward online and career-focused education, with strong enrollment and financial results supporting continued growth. The company's integrated full-school model, state-level partnerships, and minimal reliance on federal funding position it well amid favorable policy trends and decentralization. Stride's robust balance sheet, high retention, and multi-year contracts provide stability and flexibility for future investments or acquisitions.
Stride, Inc. (LRN) FAQ
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Stride, Inc. Profile
| Education & Training Services Industry | Consumer Defensive Sector | Mr. James J. Rhyu CEO | NYSE Exchange | 86333M108 Cusip |
| US Country | 7,800 Employees | - Last Dividend | - Last Split | 13 Dec 2007 IPO Date |
Overview
Stride, Inc. is a leading technology-based education service company that offers innovative and comprehensive solutions aimed at enhancing individualized learning for students from kindergarten through 12th grade (K-12), both in the United States and internationally. Initially founded as K12 Inc. in 2000 and rebranded to Stride, Inc. in December 2020, its headquarters are located in Reston, Virginia. The core mission of Stride, Inc. revolves around leveraging technology to provide proprietary and third-party online curriculum, software systems, and educational services. These offerings are designed to support the educational journey of students by facilitating personalized learning experiences, monitoring progress, and ensuring substantial support. The company caters to a wide range of clients including public and private schools, school districts, charter boards, consumers, employers, as well as government agencies.
Products and Services
Stride, Inc. has established a comprehensive portfolio of products and services tailored to fill various educational needs from K-12 to adult learning and career development. These offerings include:
- Virtual or Blended Public School Support: An integrated package of systems, services, products, and professional expertise designed to support public schools in offering virtual or blended learning environments. This solution is intended to attract, enroll, educate, and track the progress of students while providing necessary support.
- Individual Online Courses and Supplemental Educational Products: A selection of individual online courses and other supplementary educational products that cater to students seeking additional resources outside of their standard curricula. These products cover a variety of subjects including math, English, science, and history from kindergarten through twelfth grade.
- General Education Market Products: A suite of products and services targeted at the general education market. these offerings focus on foundational subjects such as math, English, science, and history, ideally suited for K-12 students.
- Career Learning Products and Services: Specialized products and services aimed at equipping students with the necessary skills for entering key industries such as information technology, health care, and business. These offerings are tailored to develop industry-relevant skills and prepare students for their future careers.
- Post-secondary Career Learning Programs: Under the brand names Galvanize, Tech Elevator, and MedCerts, Stride, Inc. offers focused post-secondary career learning programs that provide skills training in software engineering, healthcare, and medical fields. These programs are designed for adult learners looking to advance or change their careers. Additionally, Stride, Inc. extends staffing and talent development services to employers, connecting skilled individuals with potential opportunities.
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