Latest revenue
$629.9M
as of 2026-03-31
Latest net income
$88.5M
as of 2026-03-31
Net margin
14.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.77B
- Enterprise value
- $3.77B
- P/E (trailing)
- 13.1×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $171.17
- 52-wk low
- $60.61
- Beta
- —
- Shares out
- 42.5M
5-year trend
What this company does
ITEM 1. BUSINESS Company Overview We are a technology company providing an educational platform to deliver online learning to students throughout the U.S. Our platform hosts products and services to attract, enroll, educate, track progress, and support students. These products and services, spanning curriculum, systems, instruction, and support services, are designed to help learners of all ages reach their full potential through inspired teaching and personalized learning. Our clients are primarily public and private schools, school districts, and charter boards. Additionally, we provide solutions to employers, government agencies and consumers. We provide a wide range of products and…
AI summary unavailable — showing raw filing excerpt
Generated from LRN's filing dated 2025-08-06
Key risks
ITEM 1A. RISK FACTORS Risk Factors Summary The following summary description sets forth an overview of the material risks we are exposed to in the normal course of our business activities. The summary does not purport to be complete and is qualified in its entirety by reference to the full risk factor discussion immediately following this summary description. Our business, results of operations and financial condition, as well as your investment in our common stock, could be materially and adversely affected by any of the following material risks: ●The majority of our revenues come from our school-as-a-service offering and depends on per pupil funding amounts and payment formulas remaining…
AI summary unavailable — showing raw filing excerpt
Generated from LRN's filing dated 2025-08-06
Profitability
Gross margin
39.2%
4.8%Operating margin
15.0%
22.4%Net margin
12.0%
19.6%Return on equity
19.5%
12.1%Return on assets
12.6%
18.1%Leverage
Debt / equity
0.55×
13.1%Long-term debt / equity
0.28×
20.2%Debt / assets
35.5%
8.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $629.9M | +2.7% | $88.5M | -10.9% | 14.1% |
Q4 2025 2025-12-31 | $631.3M | +7.5% | $99.5M | +3.2% | 15.8% |
Q3 2025 2025-09-30 | $620.9M | +12.7% | $68.8M | +68.3% | 11.1% |
Q2 2025 2025-06-30 | $653.6M | +22.4% | $51.3M | -18.3% | 7.9% |
Q1 2025 2025-03-31 | $613.4M | +17.8% | $99.3M | +42.6% | 16.2% |
Q4 2024 2024-12-31 | $587.2M | +16.3% | $96.4M | +44.2% | 16.4% |
Q3 2024 2024-09-30 | $551.1M | +14.8% | $40.9M | +738.1% | 7.4% |
Q2 2024 2024-06-30 | $534.2M | — | $62.8M | — | 11.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Educational Services · SIC 8200
Your notes
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Insider activity
Insider buying
$0
Insider selling
$2.3M
Net activity
−$2.3M
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2025-08-19 | James Jeaho Rhyu CHIEF EXECUTIVE OFFICER | Sale | 13,961 | $162.66 | $2.3M |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns LRN
Institutional value
$2.05B
Total shares held
23.9M
Distinct holders
267
-122 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.4M | $564.1M | -143.7K (-2.2%) | Trimmed |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.3M | $203.3M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 1.8M | $161.3M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $154.3M | +90.9K (+5.5%) | Added |
| 5 | PRINCIPAL FINANCIAL GROUP INC | 1.0M | $91.2M | +299.8K (+40.8%) | Added |
| 6 | Swedbank AB | 972.9K | $85.8M | -972.9K (-50.0%) | Trimmed |
| 7 | DEUTSCHE BANK AG\ | 765.0K | $67.5M | +69.1K (+9.9%) | Added |
| 8 | Invesco Ltd. | 692.3K | $61.0M | -286.4K (-29.3%) | Trimmed |
| 9 | UBS Group AG | 596.2K | $52.6M | +6.2K (+1.0%) | Added |
| 10 | JANE STREET GROUP, LLC | 541.8K | $47.8M | +93.6K (+20.9%) | Added |
| 11 | Fiera Capital Corp | 418.8K | $36.9M | +124.6K (+42.4%) | Added |
| 12 | FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 355.0K | $31.3M | -15.0K (-4.0%) | Trimmed |
| 13 | JPMORGAN CHASE & CO | 357.9K | $30.1M | +267.0K (+293.6%) | Added |
| 14 | SYSTEMATIC FINANCIAL MANAGEMENT LP | 327.6K | $28.9M | -1.8K (-0.5%) | Trimmed |
| 15 | VANGUARD FIDUCIARY TRUST CO | 291.4K | $25.7M | — | New |
| 16 | Bank of New York Mellon Corp | 269.0K | $23.7M | -15.1K (-5.3%) | Trimmed |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 227.5K | $20.1M | -227.4K (-50.0%) | Trimmed |
| 18 | Nuveen, LLC | 223.8K | $19.7M | -674 (-0.3%) | Trimmed |
| 19 | LPL Financial LLC | 189.8K | $16.7M | +120.6K (+174.4%) | Added |
| 20 | Public Sector Pension Investment Board | 175.7K | $15.5M | -2.6K (-1.4%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once LRN's latest filing finishes processing.