Stride, Inc. (LRN)

NYSE · Common Stock · Services-Educational Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

For-profit education company

Corporate structure

33 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-08-05 — see the exhibit.

Which other public companies file entities in the same places:

Delaware27 Netherlands1 Tennessee1 Virginia1 Switzerland1 United Kingdom1 Colorado1

Subsidiaries of Stride, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
K12 Management Inc.	Delaware
K12 Services Inc.	Delaware
LearnBop, LLC	Delaware
Stride Learning, Inc.	Delaware
K12 International Holdings B.V.	Netherlands
Disguise the Learning, Inc.	Tennessee
K12 Virtual Schools L.L.C.	Delaware
K12 Classroom L.L.C.	Delaware
K12 California L.L.C.	Delaware
K12 Florida L.L.C.	Delaware
K12 Tutoring, Inc.	Delaware
K12 Washington L.L.C.	Delaware
Big Universe, Inc.	Virginia
Middlebury Interactive Languages LLC	Delaware
Onsite Technology Solutions, LLC	Delaware
Galvanize Inc.	Delaware
Fuel Education LLC	Delaware
MedCerts LLC	Delaware
Modern Teacher LLC	Delaware
Stride Enrichment Programs, Inc.	Delaware
Stride eSports, Inc.	Delaware
Stride Learning Hub, Inc.	Delaware
Stride Teaching Intelligence, Inc.	Delaware
Stride Learning Intelligence, Inc.	Delaware
Stride Professional Development Platform, Inc.	Delaware
Road2Teach, Inc.	Delaware
Tallo LLC	Delaware
K12 International GmbH	Switzerland
K12 Education (UK) Ltd.	United Kingdom
Gather Denver, LLC	Colorado
Hack Reactor, LLC	Delaware
Makersquare, LLC	Delaware
Tech Elevator, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

PASSReturn on assets positiveROA 13.9%
PASSOperating cash flow positiveOCF 434M
PASSReturn on assets improving12.6% → 13.9%
PASSCash flow exceeds earningsOCF 434M vs NI 338M
PASSLong-term debt ratio falling18.1% → 17.2% of assets
PASSCurrent ratio improving5.39 → 5.94
PASSNo share dilution48M → 47M shares
FAILGross margin improving39.2% → 37.8%
FAILAsset turnover improving1.05× → 1.03×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$1.5B	$71.5M	$130.6M	34.8%	41,868,580
FY2022	$1.7B	$107.1M	$197.1M	35.4%	42,441,524
FY2023	$1.8B	$126.9M	$198.8M	35.2%	42,728,108
FY2024	$2.0B	$204.2M	$276.5M	37.4%	43,535,441
FY2025	$2.4B	$287.9M	$431.0M	39.2%	48,413,717
FY2026	$2.5B	$338.2M	$433.2M	37.8%	47,332,855

Ownership flow

14 institutions tracked — 7 added, 6 reduced, 1 opened a new position. Index money added 155,720 shares while active managers cut 1,019,121.

Institutional holders of Stride, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
FMR LLC	Active fund	8,604	−821,336	$742,037
Point72 Asset Management, L.P.	Hedge fund	53,800	−241,469	$4.6M
JPMORGAN CHASE & CO	Active fund	290,555	−207,335	$25.2M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	560,228	+205,190	$48.3M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	218,113	−192,693	$18.8M
MORGAN STANLEY	Active fund	1,296,291	+183,171	$111.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,104,032	+62,646	$95.2M
STATE STREET CORP	Index	1,661,526	+51,360	$143.3M
CITADEL ADVISORS LLC	Hedge fund	480,616	+48,494	$41.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	69,162	+42,814	$6.0M
BlackRock, Inc.	Index	6,439,716	+41,714	$555.4M
BANK OF AMERICA CORP /DE/	Active fund	572,235	−21,933	$49.3M
Bridgewater Associates, LP	Hedge fund	16,246	−14,024	$1.4M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001157408
LEI: 254900BRWS3AFONWU277
FIGI: BBG000QSXPZ9
SIC: 8200 · Services-Educational Services
Incorporated: DE
Headquarters: RESTON, VA
Founded: 2000-00-00

Ownership

Institutional: 116.0%
Institutions: 559
Insiders: 3.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-educational services companies

Stride, Inc. files under SIC 8200 — all 7 services-educational services companies compared on assets and F-score.

Graham Holdings CoGHC Covista Inc.CVSA LAUREATE EDUCATION, INC.LAUR Strategic Education, Inc.STRA UNIVERSAL TECHNICAL INSTITUTE INCUTI CHEGG, INCCHGG

Questions about Stride, Inc.

How many subsidiaries does Stride, Inc. file with the SEC?: 33, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Delaware, Netherlands, Tennessee. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Stride, Inc. financially healthy?: Stride, Inc. scores 7 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Stride, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), MORGAN STANLEY (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

33 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-08-05 — see the exhibit.

Entity

Jurisdiction

Note

K12 Management Inc.

Delaware

K12 Services Inc.

Delaware

LearnBop, LLC

Delaware

Stride Learning, Inc.

Delaware

K12 International Holdings B.V.

Netherlands

Disguise the Learning, Inc.

Tennessee

K12 Virtual Schools L.L.C.

Delaware

K12 Classroom L.L.C.

Delaware

K12 California L.L.C.

Delaware

K12 Florida L.L.C.

Delaware

K12 Tutoring, Inc.

Delaware

K12 Washington L.L.C.

Delaware

Big Universe, Inc.

Virginia

Middlebury Interactive Languages LLC

Delaware

Onsite Technology Solutions, LLC

Delaware

Galvanize Inc.

Delaware

Fuel Education LLC

Delaware

MedCerts LLC

Delaware

Modern Teacher LLC

Delaware

Stride Enrichment Programs, Inc.

Delaware

Stride eSports, Inc.

Delaware

Stride Learning Hub, Inc.

Delaware

Stride Teaching Intelligence, Inc.

Delaware

Stride Learning Intelligence, Inc.

Delaware

Stride Professional Development Platform, Inc.

Delaware

Road2Teach, Inc.

Delaware

Tallo LLC

Delaware

K12 International GmbH

Switzerland

K12 Education (UK) Ltd.

United Kingdom

Gather Denver, LLC

Colorado

Hack Reactor, LLC

Delaware

Makersquare, LLC

Delaware

Tech Elevator, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

PASSReturn on assets positiveROA 13.9%
PASSOperating cash flow positiveOCF 434M
PASSReturn on assets improving12.6% → 13.9%
PASSCash flow exceeds earningsOCF 434M vs NI 338M
PASSLong-term debt ratio falling18.1% → 17.2% of assets
PASSCurrent ratio improving5.39 → 5.94
PASSNo share dilution48M → 47M shares
FAILGross margin improving39.2% → 37.8%
FAILAsset turnover improving1.05× → 1.03×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$1.5B

$71.5M

$130.6M

34.8%

41,868,580

FY2022

$1.7B

$107.1M

$197.1M

35.4%

42,441,524

FY2023

$1.8B

$126.9M

$198.8M

35.2%

42,728,108

FY2024

$2.0B

$204.2M

$276.5M

37.4%

43,535,441

FY2025

$2.4B

$287.9M

$431.0M

39.2%

48,413,717

FY2026

$2.5B

$338.2M

$433.2M

37.8%

47,332,855

Ownership flow

14 institutions tracked — 7 added, 6 reduced, 1 opened a new position. Index money added 155,720 shares while active managers cut 1,019,121.

Institutional holders of Stride, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
FMR LLC	Active fund	8,604	−821,336	$742,037
Point72 Asset Management, L.P.	Hedge fund	53,800	−241,469	$4.6M
JPMORGAN CHASE & CO	Active fund	290,555	−207,335	$25.2M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	560,228	+205,190	$48.3M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	218,113	−192,693	$18.8M
MORGAN STANLEY	Active fund	1,296,291	+183,171	$111.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,104,032	+62,646	$95.2M
STATE STREET CORP	Index	1,661,526	+51,360	$143.3M
CITADEL ADVISORS LLC	Hedge fund	480,616	+48,494	$41.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	69,162	+42,814	$6.0M
BlackRock, Inc.	Index	6,439,716	+41,714	$555.4M
BANK OF AMERICA CORP /DE/	Active fund	572,235	−21,933	$49.3M
Bridgewater Associates, LP	Hedge fund	16,246	−14,024	$1.4M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about Stride, Inc.

How many subsidiaries does Stride, Inc. file with the SEC?

33, listed in its most recent exhibit 21. They are incorporated across 7 jurisdictions, led by Delaware, Netherlands, Tennessee. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Stride, Inc. financially healthy?

Stride, Inc. scores 7 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Stride, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), MORGAN STANLEY (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.