On this page of StockholderLetter.com we present the latest annual shareholder letter from Stride, Inc. — ticker symbol LRN. Reading current and past LRN letters to shareholders can bring important insights into the investment thesis.

 •  10/25/2024 Letter Continued (Full PDF)
 •  10/26/2023 LRN Stockholder Letter
 •  More "Education & Training Services" Category Stockholder Letters
 •  LRN Benford's Law Stock Score = 75

LRN Shareholder/Stockholder Letter Transcript:

Annual Report
2024
1
Stride, Inc.

Dear Shareholders,
Stride has been the leader in innovative online learning for the past 25 years. As we
mark this milestone, one thing has stood the test of time: We are delivering Tomorrow   s
Education Today. We do this by providing families with educational choices that are
accessible, personalized, career-focused, and tech-enabled.
Offering Families Real Choices
The core of our approach is offering families choice. Like in other aspects of life, from
shopping to    nancial matters to healthcare, customers demand choice and bene   t from it.
Choice drives innovation, higher customer satisfaction, and better outcomes in any market.
As we embark on another 25 years of innovation in the education space, we are proud of
the industry recognition we have received, as evidenced by numerous prestigious awards
this year, including the Remote Learning Solution Provider of the Year award from EdTech
Breakthrough, six Stevie   awards from the American Business Awards, the Best EdTech
company award from Global EdTech Awards, and a Bronze Award for Best Use of AI in
HealthTech from Merit Awards.
Enhancing Accessibility Through Flexibility
These accolades highlight our innovative approach and commitment to an accessible
online learning environment, available anytime and anywhere. This    exibility is essential for
the growing number of families who require it for various reasons. Whether for academic,
athletic, job, or safety reasons, personal preference, or any other purpose, we offer a choice
that suits students    and families    needs. As much as we   ve grown over the past two-and-ahalf decades, we feel we   ve only begun to tap into the market   s full potential.
2024
Awards
I
STRIDE ANNUAL REPORT 2024

$2 Billion
3 Million
70,000
25
Revenue in 2024
Total students reached
since 1999
Students gained career skills
in 2004
Years of innovation
A Personalized Approach to Education
The ultimate goal of education is personalization   
designed around the student   s individual needs and
different ways of learning. Achieving this on a large
scale in K   12 education isn   t easy. However, we feel
we are about as close as any student and family can
get to that ideal. Our investments in new technologies
and products will keep us on track to provide a
more personalized experience for every student. I   m
con   dent that we will continue to make signi   cant
breakthroughs in our mission to provide even greater
personalization over the next several years.
To achieve this, we are investing in new products that
will provide a more individualized education. These
include our tutoring platform with state-certi   ed
teachers, our Learning Hub, which enables teachers to
customize lessons and create new content, and Tallo,
our career platform, which helps students of all ages
start a new career in their chosen    eld. As we look to
the future, we will continue to design all our tools to
enhance and enrich the personalized experience.
Our postsecondary career training programs have also
helped many students    nd employment nationwide.
MedCerts has placed more than 85,000 allied health
professionals with 1,000 organizations, and similarly,
Tech Elevator and Galvanize have placed more than
20,000 students with over 900 hiring partners. We
believe we are just at the beginning of another 25+
years of helping young people embark on
meaningful career paths.
Customers and Shareholders Bene   t
In Fiscal Year 2024, we surpassed $2 billion in revenue
and have now reached more than 3 million students
over the past 25 years. It took us almost 15 years to
get to the    rst million, then about half that time for the
second million, and again half the time for the most
recent million. Not only have customers bene   ted, but
our shareholders have also, as our stock price is up
more than 300% since 2021.
25 More Years   More Innovation
and Growth
Career-Focused Programs
Our personalized approach goes beyond academic
success and prepares students for future careers. This
year, we helped more than 70,000 students acquire
career-speci   c skills, certi   cations, and college credits
through our career programs and resources. These
offerings include 30 specialized career pathways and
a newly launched Career Services Center designed to
prepare students for success in the workforce.
As we look ahead, I believe the next 25 years will prove
to be more impactful to families than the past 25 years.
We will continue to drive innovation in the education
system and provide families with choice. We will
continue to deliver Tomorrow   s Education Today.
James Rhyu
Chief Executive Officer
II

FORM 10-K



 10/25/2024 Letter Continued (Full PDF)