Stride (LRN) Cash Flow: Operating & Free Cash Flow

Stride Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Stride, Inc. (LRN) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	338.19	287.94	204.18	126.87	107.13	71.45	24.51	37.21	27.42	-0.46
Depreciation & Amortization	126.56	114.67	109.68	110.36	97.91	90.08	72.09	71.40	75.26	74.28
Deferred Income Tax	39.99	-17.78	2.89	-10.37	1.19	2.55	-1.31	3.69	-4.02	-7.07
Stock Based Compensation	40.26	36.79	31.46	20.32	18.57	39.33	23.61	16.68	20.82	22.60
Change in Working Capital	-154.90	-76.87	-109.00	-67.54	-64.93	-117.77	-60.95	2.32	-22.95	-19.42
Change in Accounts Receivable	-121.37	-102.19	-32.06	-54.91	-57.50	-143.07	-37.77	-21.64	11.99	-27.75
Change in Inventory	6.54	-6.24	-8.88	-19.39	4.80	-39.16	-16.18	-3.32	0.00	-0.35
Change in Accounts Payable	2.16	0.31	-6.84	-12.00	0.01	18.93	-6.21	20.17	-2.34	5.32
Change in Other Working Capital	-42.23	13.32	-61.22	-9.29	31.33	-41.97	-0.78	7.10	-32.60	3.35
Other Operating Activities	43.71	13.32	39.58	13.14	31.33	51.06	22.46	10.31	8.91	18.80
Net Cash from Operating Activities	433.81	432.82	278.80	203.15	206.88	134.15	80.42	141.61	105.45	88.73
Investing Activities
Capital Expenditures	-78.85	-60.01	-61.59	-5.75	-67.63	-3.57	-45.00	-48.41	-8.74	-2.17
Acquisitions	-55.54	-20.68	0.00	-1.41	-3.90	-71.14	-168.00	0.00	-7.27	-9.06
Purchases of Investments	-324.94	-260.23	-277.57	-140.57	-84.66	-40.54	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	279.50	252.93	204.49	91.94	45.42	-48.70	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	-20.68	-64.52	-1.65	-3.90	-1.72	-47.69	-55.63	-34.46	-45.96
Net Cash from Investing Activities	-179.83	-88.00	-139.87	-118.24	-110.76	-165.44	-217.37	-61.11	-50.48	-57.20
Financing Activities
Debt Repayment	56.86	-41.47	-40.92	-42.96	-33.01	-124.32	72.33	-21.03	-13.30	-15.70
Common Stock Issued	0.00	0.00	0.00	0.02	0.41	0.75	0.00	3.03	0.00	6.95
Common Stock Repurchased	-188.66	-21.47	-8.20	-13.54	-37.86	-20.11	0.00	-9.96	-27.48	-6.19
Other Financing Activities	-150.18	-41.47	0.00	-7.02	-22.86	-84.67	-6.70	-7.96	-11.74	1.05
Net Cash from Financing Activities	-281.98	-62.94	-49.12	-63.50	-93.31	204.58	65.63	-28.99	-52.72	-14.64
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01
Net Change in Cash	-28.00	281.88	89.81	21.41	2.82	173.28	-71.32	51.51	2.25	16.88
Cash at Beginning of Period	782.50	500.61	410.81	389.40	386.58	213.30	284.62	233.11	230.86	213.99
Cash at End of Period	754.50	782.50	500.61	410.81	389.40	386.58	213.30	284.62	233.11	230.86
Free Cash Flow	354.97	372.81	217.21	197.41	139.26	130.58	35.42	93.20	62.24	40.50
Supplemental Disclosures
Interest Paid	-	9.14	7.52	6.95	6.64	4.50	-	-	-	-
Income Taxes Paid	-	67.90	85.23	37.13	35.97	18.72	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Stride Cash Flow

What is Stride's free cash flow?

Stride generated free cash flow of $354.97M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $433.81M minus $78.85M of capital expenditures. That was down 4.8% from $372.81M a year earlier. Free cash flow equaled 14.1% of revenue.

How much does Stride spend on capital expenditures?

Stride spent $78.85M on capital expenditures in fiscal 2026, compared with $60.01M a year earlier. That equals 18.2% of operating cash flow.

Does Stride pay dividends or buy back shares?

Yes. In fiscal 2026 Stride returned $188.66M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition