On this page of StockholderLetter.com we present the latest annual shareholder letter from Stride, Inc. — ticker symbol LRN. Reading current and past LRN letters to shareholders can bring important insights into the investment thesis.
Annual Report 2025

Annual Report 2025
Dear Shareholders, With 25 years of pioneering educational choice behind us, we re proud of how far we ve come. Since 1999, Stride has offered real choices to more than 3 million families, and today, demand for our programs is at an all-time high. Now, we look ahead to the next 25 years, remaining deeply committed to delivering Tomorrow s Education Today. Leading With Choice In any industry, customers want choices and education is no exception. A 2025 National School Choice Awareness Foundation survey found that more than 60% of parents considered switching schools last year. Of those, 27% explored a full-time online school. Just ask our more than half a million graduates what that choice meant to them. Countless families share remarkable stories of how our online programs helped when they needed an alternative. We were there when it mattered.
Recognition Reflects Impact That impact has not gone unnoticed. Stride has recently received numerous honors, including Best EdTech Company from the Global EdTech Awards, 2024 Company of the Year from BIG Awards for Business, and Gamified Digital Learning Solution of the Year from EdTech Breakthrough Awards. We also earned the Tech & Learning 2024 Back to School Award of Excellence in Secondary Education, four Digital Education Awards, and two Gold Stevie Awards. Stride s merit was also recognized in our recent accreditation review by Cognia, where we earned an Index of Education Quality score of 327, above the global average of 296. In our end-of-year survey, 94% of parents said their school gave their child what they needed to succeed, offered an engaging learning experience, provided academic benefits, prepared their child for future success, and delivered the flexibility they needed. These parents are increasingly fueling our organic growth through strong satisfaction and referrals and we don t take it for granted.
 • shareholder letter icon 10/24/2025 Letter Continued (Full PDF)
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LRN Shareholder/Stockholder Letter Transcript:

Annual Report
2025


Annual Report
2025

Dear Shareholders,
With 25 years of pioneering educational choice behind us, we   re proud of how far we   ve
come. Since 1999, Stride has offered real choices to more than 3 million families, and
today, demand for our programs is at an all-time high. Now, we look ahead to the next 25
years, remaining deeply committed to delivering Tomorrow   s Education Today.
Leading With Choice
In any industry, customers want choices   and education is no exception. A 2025 National
School Choice Awareness Foundation survey found that more than 60% of parents
considered switching schools last year. Of those, 27% explored a full-time online school.  
Just ask our more than half a million graduates what that choice meant to them. Countless
families share remarkable stories of how our online programs helped when they needed an
alternative. We were there when it mattered.

Recognition Reflects Impact
That impact has not gone unnoticed. Stride has recently received numerous honors,
including Best EdTech Company from the Global EdTech Awards, 2024 Company of the
Year from BIG Awards for Business, and Gamified Digital Learning Solution of the Year
from EdTech Breakthrough Awards. We also earned the Tech & Learning 2024 Back to
School Award of Excellence in Secondary Education, four Digital Education Awards, and
two Gold Stevie   Awards.
Stride   s merit was also recognized in our recent accreditation review by Cognia, where we
earned an Index of Education Quality score of 327, above the global average of 296.
In our end-of-year survey, 94% of parents said their school gave their child what they
needed to succeed, offered an engaging learning experience, provided academic benefits,
prepared their child for future success, and delivered the flexibility they needed. These
parents are increasingly fueling our organic growth through strong satisfaction and
referrals   and we don   t take it for granted.



shareholder letter icon 10/24/2025 Letter Continued (Full PDF)
 

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