Stride named board member Robert E. Knowling Jr. as its new CEO just days before its August 4 fourth-quarter fiscal 2026 earnings call. The online education company reported full-year revenue of $2.518 billion, up 4.7%, with adjusted EBITDA rising 8.2% to $617.6 million and adjusted EPS of $8.33. Career learning revenue jumped 19% to $1.04 billion on 14% enrollment growth to 110,000 students, while general education revenue fell 2% to $1.42 billion as enrollments dropped 2.5% to 134,000. Stride repurchased about $189 million of stock during the year and has roughly $311 million remaining under its buyback authorization, backed by $1.034 billion in cash and marketable securities. Management cautioned that the first quarter of fiscal 2027 faces a tougher comparison, with applications tracking slightly behind last year's pace, and short interest sits at 22.92% of the float.
Stride IncCEO change and earnings results mixed with revenue growth but enrollment declines in general education and cautious Q1 outlook.
