← BackStride, Inc. · Educational ServicesLRN
Low riskNext report: Around Jan 26, 2027 (est.)
The short versionA profitable company with growing sales.
Going well
- Profitable every year for 10 years
- Sales up 18% last year
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 1.5% to their holdings in the quarter ending June 2026 (208 bought, 196 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$78.51-1.2% that day
- Company value
- $3.3B
- Share price times all shares
- Price vs profit (P/E)
- 10.8x
- You pay about $11 for each $1 of yearly profit
- Price vs sales
- 1.4x
- Company value is 1.4 times a year of sales
- Cash vs value
- 17%
- Cash as a share of company value
- Debt vs value
- 13%
- Debt as a share of company value
From LRN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Profit, Sep '26$64.9M-5.6% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $334.3M, up 5.8% from the 12 months before.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.20.1%
- PassDebt under half of equityNot relying on borrowed money.0.27x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.0%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$431.0M
- MissShare count not growingNot diluting owners. Falling means buybacks.+14.1% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.39.2%
- Revenue
- $2.4B
- +17.9% vs prior year
- 5-year growth
- +18.2%/yr
- revenue, per year
- Total debt
- $417.2M
- 0.27x equity
- Current ratio
- 7.27x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026Reported Oct 20After close4:17 pm ET - EPS
- $1.45
- vs $1.40
- Free cash flow
- -$124.8M
- Share count
- -8.9%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
34/ 100
- This week
- 1
- Normal week
- 2.0
- vs normal
- 0.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%Institutions added 1.5% to their holdings. 208 bought, 196 sold. 2 quarters of net buying in a row.
Shares held by institutions46.9M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-1.0%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.3x · $418.4M debtShares outstandingLatest reported
42MNext reportAround Jan 26, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 20
- Results filedAug 4
- Results filedJul 30
- Results filedApr 28
- Results filedJan 27
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardBrian A. ShepherdDirector
122 shares
- Now owns 122 shares
- Deferred Stock Unit
- Filed 33 days after trade
Option exerciseDonna BlackmanCHIEF FINANCIAL OFFICER
12,890 shares
- +7% of holdings
- Now owns 198,805 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Option exerciseTodd GoldthwaiteMANAGING DIRECTOR
1,840 shares
- +2% of holdings
- Now owns 106,461 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Shares withheld for taxesGreerson Greene McmullenEVP, GENERAL COUNSEL
648 shares at $83.56 · $54K
- -3% of holdings
- Now owns 24,035 shares
- Filed 1 day after trade
Stock awardBrian A. ShepherdDirector
186 shares
- Now owns 186 shares
- Deferred Stock Unit
- Filed 19 days after trade
Stock awardDonna BlackmanCHIEF FINANCIAL OFFICER
24,239 shares
- +15% of holdings
- Now owns 185,915 shares
- Filed 20 days after trade