Stride expects full-year fiscal 2027 revenue per enrollment to be relatively flat to up slightly versus fiscal 2026, while its share repurchase authorization has been extended to October 31, 2027. CFO Donna Blackman said the overall funding environment remains supportive and that the company is on track to achieve its fiscal 2028 financial targets, though formal enrollment and financial guidance will be provided with first-quarter results in October. CEO Robert Knowling, newly appointed, stated he intends to actively consider opportunistic stock repurchases once the trading window opens at the end of October, with approximately $311 million remaining under the authorization. For fiscal 2026, Stride reported revenue of $2.518 billion, adjusted operating income of $498.4 million, adjusted EBITDA of $617.6 million, and adjusted earnings per share of $8.33. Management cautioned that first-quarter count-date enrollment growth faces a more difficult comparison due to reduced in-year enrollment carryover, while early indicators show applications slightly behind last year but higher conversion and re-registration rates.
Stride IncExtends buyback through 2027 and signals flat to slightly higher revenue per enrollment, supporting financial targets.
