Stride plunges on enrollment challenges, downbeat FY revenue forecast

Stride

29/10/2025 10:45

** Shares of edutech firm Stride LRN.N fell 39.2% at $93.29 in premarket trading

** Co's enrollment growth failed to impress, with CEO James Rhyu attributing implementation challenges to lower enrollments

** Enrollment rose 11.3% year-over-year but fell short of target by about 10,000 to 15,000 students, according to the CEO

** Company forecasts FY26 revenue of $2.48 bln and $2.55 bln vs analysts' estimates of $2.59 bln - data compiled by LSEG

** Co reported Q1 revenue of $620.9 mln, above estimates of $613.8 mln

** Posts adj. EPS of $1.52, above estimates of $1.13

** Avg. rating of analysts covering stock is "buy"; median PT is $152.88 - data compiled by LSEG

** As of last close, stock up 47.72% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))