Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2025

Summary of Significant Accounting Policies


	Three Months Ended September 30,
	2025		2024

	(In thousands)
General Education	$	363,116	$	329,407
Career Learning
Middle - High School		241,500		198,885
Adult		16,268		22,792
Total Career Learning		257,768		221,677
Total Revenues	$	620,884	$	551,084

Schedule of accounts receivables, unbilled receivables and deferred revenue


	September 30,		June 30,		June 30,
	2025		2025		2024

	(In thousands)
Accounts receivable	$	809,302	$	559,646	$	472,754
Unbilled receivables (included in accounts receivable)		52,100		19,902		19,499
Deferred revenue		18,820		26,995		35,742
Deferred revenue, long-term (included in other long-term liabilities)		226		327		1,097

Schedule of investments in marketable securities

The following table summarizes the amortized cost, net carrying amount, and fair value disaggregated by class of instrument (in thousands).


				Allowance for		Net Carrying		Gross Unrealized
		Amortized Cost		Credit Losses		Amount		Gains (Losses)		Fair Value
Corporate Bonds	$	51,273	$	-	$	51,273	$	151	$	51,424
U.S. Treasury Notes		25,382		-		25,382		45		25,427
Commercial Paper		154,489		-		154,489		(2)		154,487
Total	$	231,144	$	-	$	231,144	$	194	$	231,338

The following table summarizes the amortized cost, net carrying amount, and fair value disaggregated by class of instrument (in thousands).


				Allowance for		Net Carrying		Gross Unrealized
		Amortized Cost		Credit Losses		Amount		Gains (Losses)		Fair Value
Corporate Bonds	$	48,837	$	-	$	48,837	$	97	$	48,934
U.S. Treasury Notes		35,816		-		35,816		27		35,843
Commercial Paper		144,257		-		144,257		(6)		144,251
Total	$	228,910	$	-	$	228,910	$	118	$	229,028

Schedule of useful lives of property and equipment


		Useful Life
Computer hardware		3 - 7 years
Computer software		3 - 5 years
Financed computers and printers		3 years
Web site development		3 years
Office equipment		5 years
Furniture and fixtures		7 years
Leasehold improvements		Shorter of useful life or term of the lease

Schedule of intangible assets


	September 30, 2025						June 30, 2025
($ in millions)	Gross Carrying Amount		Accumulated Amortization and Impairment		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	70.6	$	(61.3)	$	9.3	$	70.6	$	(60.4)	$	10.2
Customer and distributor relationships		37.1		(34.3)		2.8		37.1		(33.7)		3.4
Developed technology		21.7		(17.7)		4.0		21.7		(17.3)		4.4
Other		1.4		(1.2)		0.2		1.4		(1.2)		0.2
Total	$	130.8	$	(114.5)	$	16.3	$	130.8	$	(112.6)	$	18.2

Schedule of calculation of basic and diluted net income (loss) per share


	Three Months Ended September 30,
	2025		2024

	(In thousands except share and per share data)
Basic net income per share computation:

Net income attributable to common stockholders	$	68,800	$	40,882
Weighted average common shares — basic		43,371,952		42,868,310
Basic net income per share	$	1.59	$	0.95

Diluted net income per share computation:

Net income attributable to common stockholders	$	68,800	$	40,882
Share computation:
Weighted average common shares — basic		43,371,952		42,868,310
Effect of dilutive restricted stock and convertible debt		5,850,899		840,657
Weighted average common shares — diluted		49,222,851		43,708,967
Diluted net income per share	$	1.40	$	0.94

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

+ Details

Stride, Inc. 10-Q