Stride, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $338.2M | $287.9M | $204.2M | $126.9M | $107.1M | $71.5M | $24.5M | $37.2M |
| Depreciation & Amortization | $126.6M | $114.7M | $109.7M | $110.4M | $97.9M | $90.1M | $72.1M | $71.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $7.4M | $9.9M | $12.9M | $15.2M | $13.0M | $11.6M | $6.1M | $3.0M |
| Stock-Based Compensation | $40.3M | $36.8M | $31.5M | $20.3M | $18.6M | $39.3M | $23.6M | $16.7M |
| Net Cash from Operating Activities | $433.8M | $432.8M | $278.8M | $203.2M | $206.9M | $134.2M | $80.4M | $141.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $587.0K | $1.8M | $2.3M | $4.3M | $9.7M | $3.6M | $1.7M | $5.5M |
| Business Acquisitions | — | — | — | — | — | — | $168.0M | $13.1M |
| Net Cash from Investing Activities | $-179.8M | $-88.0M | $-139.9M | $-118.2M | $-110.8M | $-165.4M | $-217.4M | $-61.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $188.7M | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-282.0M | $-62.9M | $-49.1M | $-63.5M | $-93.3M | $204.6M | $65.6M | $-29.0M |
| Net Change in Cash | $-28.0M | $281.9M | $89.8M | $21.4M | $2.8M | $173.3M | $-71.3M | $51.5M |
| Free Cash Flow | $433.2M | $431.0M | $276.5M | $198.8M | $197.1M | $130.6M | $78.7M | $136.1M |