LRN - K12 Stock

Market Summary

USD44.47-0.51

Market Closed

-1.13%

LRN Alerts

Big jump in Earnings (Y/Y)

LRN Stock Price

LRN RSI Chart

LRN Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

15.25

Price/Sales (Trailing)

1.05

EV/EBITDA

6.85

Price/Free Cashflow

9.73

LRN Price/Sales (Trailing)

LRN Profitability

EBT Margin

8.47%

Return on Equity

12.41%

Return on Assets

6.56%

Free Cashflow Yield

10.28%

LRN Fundamentals

LRN Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

6.21%

Revenue Q/Q

2.81%

LRN Earnings

Earnings (TTM)

126.9M

Earnings Y/Y

54.4%

Earnings Q/Q

-21.8%

Price Action

52 Week Range

30.6647.20

(Low)(High)

Last 7 days

1.2%

Last 30 days

10.6%

Last 90 days

17.1%

Trailing 12 Months

9.3%

LRN Financial Health

Current Ratio

3.54

Debt/Equity

0.46

Debt/Cashflow

0.56

LRN Investor Care

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

2.97

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for LRN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-08-18	Mathis Vincent	acquired	-	-	15,720	evp, general counsel
2023-08-18	Ottolenghi Les	acquired	-	-	17,190	chief info. & tech. officer
2023-08-18	Rhyu James Jeaho	acquired	-	-	117,930	chief executive officer
2023-08-18	Blackman Donna	acquired	-	-	34,390	chief financial officer
2023-08-13	Mathis Vincent	sold (taxes)	-50,120	39.59	-1,266	evp, general counsel
2023-08-13	Rhyu James Jeaho	sold (taxes)	-174,948	39.59	-4,419	chief executive officer
2023-08-13	Blackman Donna	sold (taxes)	-8,036	39.59	-203	chief financial officer
2023-08-13	Ottolenghi Les	sold (taxes)	-19,517	39.59	-493	chief info. & tech. officer
2023-08-12	Blackman Donna	sold (taxes)	-49,645	39.59	-1,254	chief financial officer
2023-08-12	Mathis Vincent	sold (taxes)	-61,522	39.59	-1,554	evp, general counsel

Which funds bought or sold LRN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-12	Farther Finance Advisors, LLC	unchanged	-	-152	2,792	-%
2023-08-23	Rehmann Capital Advisory Group	unchanged	-	-1,693	46,855	-%
2023-08-22	COMERICA BANK	new	-	-	-	-%
2023-08-22	COMERICA BANK	new	-	-	-	-%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-2.71	-156,145	1,867,270	-%
2023-08-21	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	5.71	1,000	491,000	-%
2023-08-21	OSAIC HOLDINGS, INC.	added	6.37	4,844	475,123	-%
2023-08-17	Orion Portfolio Solutions, LLC	reduced	-21.81	-249,892	717,385	0.01%
2023-08-16	GTS SECURITIES LLC	new	-	295,718	295,718	0.01%
2023-08-16	Nuveen Asset Management, LLC	added	2.39	-681,571	22,949,400	0.01%

Latest Funds Activity

Are funds buying LRN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LRN

No. of Funds

LRN Alerts

Big jump in Earnings (Y/Y)

Schedule 13G FIlings of K12

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	boston partners	4.21%	1,811,476	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	3,143,232	SC 13G/A
Feb 09, 2023	vanguard group inc	11.02%	4,743,708	SC 13G/A
Feb 07, 2023	blackrock inc.	15.4%	6,633,681	SC 13G/A
May 10, 2022	vanguard group inc	10.02%	4,285,669	SC 13G/A
Feb 14, 2022	boston partners	5.0%	2,138,987	SC 13G
Feb 08, 2022	dimensional fund advisors lp	6.6%	2,823,246	SC 13G/A
Feb 03, 2022	blackrock inc.	7.1%	3,020,389	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	7.6%	3,174,839	SC 13G/A
Feb 10, 2021	vanguard group inc	8.56%	3,554,797	SC 13G/A

Recent SEC filings of K12

View All Filings

Date Filed	Form Type	Document
Aug 22, 2023	4	Insider Trading
Aug 22, 2023	4	Insider Trading
Aug 22, 2023	4	Insider Trading
Aug 22, 2023	4	Insider Trading
Aug 16, 2023	10-K	Annual Report
Aug 15, 2023	4	Insider Trading
Aug 15, 2023	4	Insider Trading
Aug 15, 2023	4	Insider Trading
Aug 15, 2023	4	Insider Trading
Aug 15, 2023	8-K	Current Report

LRN Fair Value

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Peers (Alternatives to K12)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MGM	13.7B	14.8B	-8.32%	12.16%	36.5	0.92	24.74%	-88.46%
WYNN	10.7B	4.9B	-0.54%	38.19%	1.5K	2.17	26.04%	101.07%
MID-CAP
MTN	10.0B	2.9B	12.09%	12.48%	34.79	3.47	17.20%	-8.79%
SCI	9.2B	4.0B	-1.84%	1.25%	18.76	2.27	-3.19%	-36.23%
BFAM	5.0B	2.2B	-8.57%	36.10%	76.15	2.22	18.83%	-26.84%
PENN	3.6B	6.6B	2.05%	-23.67%	4.84	0.54	4.51%	252.90%
LOPE	3.5B	928.1M	2.86%	41.24%	18.7	3.82	2.89%	-12.22%
GHC	2.7B	4.2B	1.06%	4.67%	12.74	0.65	19.67%	40.01%
STRA	1.9B	1.1B	-2.90%	20.26%	50.64	1.72	0.26%	-23.35%
CHGG	1.1B	740.4M	-5.97%	-55.19%	3.88	1.47	-4.64%	534.34%
HRB	-	3.5B	4.80%	-7.65%	-	-	0.26%	0.00%
SMALL-CAP
LRN	1.9B	1.8B	10.62%	9.25%	15.25	1.05	8.93%	18.42%
ATGE	1.8B	1.5B	1.15%	15.87%	19.55	1.26	4.69%	-70.42%
APEI	90.1M	598.9M	-13.92%	-41.86%	-1.34	0.15	7.59%	29.57%
PRDO	1.1B	726.7M	2.42%	54.54%	8.52	1.49	6.17%	15.53%

K12 News

Returns for LRN

Cumulative Returns on LRN

3.2%

10-Year Cumulative Returns

18.6%

7-Year Cumulative Returns

20.7%

5-Year Cumulative Returns

18.2%

3-Year Cumulative Returns

Risks for LRN

What is the probability of a big loss on LRN?

84.2%

Probability that K12 stock will be more than 20% underwater in next one year

56.1%

Probability that K12 stock will be more than 30% underwater in next one year.

36.5%

Probability that K12 stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LRN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if K12 was unfortunately bought at previous high price.

Drawdowns

Financials for K12

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	1.6%	1,837	1,809	1,761	1,712	1,687	1,629	1,599	1,566	1,537	1,408	1,273	1,155	1,041	1,028	1,024	1,022	1,016	998	978	940	918
Gross Profit	0.7%	647	643	622	600	596	565	550	531	535	490	429	390	348	336	343	348	352	362	374	369	325
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	970	946	929	911	892
S&GA Expenses	-0.7%	482	485	476	465	440	433	440	440	424	394	357	326	315	308	306	308	307	299	300	300	290
R&D Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.00	9.00	9.00	10.00	9.00
EBITDA	-100.0%	-	258	240	226	245	224	198	172	185	172	146	136	106	102	112	114	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.14*	0.14*	0.13*	0.15*	0.14*	0.12*	0.11*	0.12*	0.12*	0.11*	0.12*	0.10*	0.10*	0.11*	0.11*	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00
Earnings Before Taxes	12.6%	173	153	137	126	147	125	100	76.00	95.00	86.00	66.00	62.00	33.00	30.00	41.00	43.00	48.00	55.00	50.00	31.00	27.00
EBT Margin	-100.0%	-	0.08*	0.08*	0.07*	0.09*	0.08*	0.06*	0.05*	0.06*	0.06*	0.05*	0.05*	0.03*	0.03*	0.04*	0.04*	-	-	-	-	-
Net Income	13.7%	127	112	99.00	90.00	107	90.00	70.00	53.00	71.00	66.00	51.00	47.00	25.00	23.00	33.00	36.00	37.00	43.00	38.00	27.00	28.00
Net Income Margin	-100.0%	-	0.06*	0.06*	0.05*	0.06*	0.05*	0.04*	0.03*	0.05*	0.05*	0.04*	0.04*	0.02*	0.02*	0.03*	0.04*	-	-	-	-	-
Free Cashflow	-100.0%	-	223	230	186	197	199	198	113	131	85.00	19.00	51.00	79.00	67.00	91.00	99.00	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	3.6%	1,761	1,700	1,619	1,622	1,644	1,575	1,526	1,570	1,577	1,534	1,472	1,404	1,073	1,036	827	813	820	809	784	785	742
Current Assets	5.8%	1,065	1,007	929	931	951	872	816	858	858	830	768	805	501	487	514	498	530	522	494	485	454
Cash Equivalents	9.9%	411	374	318	195	389	309	257	219	386	329	258	309	213	150	212	166	285	234	203	143	233
Inventory	60.4%	37.00	23.00	24.00	28.00	36.00	24.00	24.00	25.00	40.00	29.00	29.00	24.00	28.00	20.00	20.00	21.00	30.00	17.00	17.00	18.00	26.00
Goodwill	0%	247	247	247	5.00	241	241	241	240	240	240	241	175	175	108	90.00	90.00	90.00	90.00	90.00	90.00	90.00
Liabilities	1.6%	813	800	777	835	831	794	792	850	773	747	720	685	398	371	176	189	186	184	180	209	155
Current Liabilities	8.8%	309	284	249	289	302	250	238	285	306	255	229	236	273	258	134	140	156	149	141	158	116
Long Term Debt	0.1%	413	413	412	412	411	411	411	410	299	295	292	288	-	-	-	-	-	-	-	-	-
Shareholder's Equity	5.3%	947	899	842	787	813	781	734	720	805	787	752	719	675	665	651	625	633	625	604	576	587
Retained Earnings	13.9%	354	311	255	205	227	199	156	114	112	102	78.00	53.00	47.00	42.00	33.00	13.00	22.00	19.00	1.00	-23.04	-13.43
Additional Paid-In Capital	0.7%	695	691	689	684	687	684	681	708	795	788	777	768	731	725	720	714	713	708	706	701	703
Shares Outstanding	-0.1%	43.00	43.00	43.00	43.00	43.00	42.00	42.00	41.00	42.00	40.00	40.00	40.00	41.00	40.00	39.00	39.00	40.00	39.00	39.00	38.00	40.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-12.3%	203	232	240	195	207	204	202	117	134	89.00	22.00	53.00	80.00	71.00	95.00	104	142	124	131	115	105
Share Based Compensation	5.3%	20.00	19.00	20.00	16.00	19.00	23.00	30.00	39.00	39.00	37.00	30.00	27.00	24.00	22.00	20.00	18.00	17.00	18.00	19.00	22.00	21.00
Cashflow From Investing	-30.0%	-118	-90.95	-106	-114	-110	-149	-130	-172	-165	-115	-281	-214	-217	-221	-52.60	-49.96	-61.11	-61.99	-63.47	-64.35	-50.48
Cashflow From Financing	16.0%	-63.50	-75.64	-72.84	-105	-93.31	-76.39	-73.29	-34.95	205	206	306	304	66.00	65.00	-34.99	-31.52	-28.99	-53.41	-52.01	-52.70	-52.72
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27.00

LRN Income Statement

2023-06-30

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 1,837,358	$ 1,686,666	$ 1,536,760
Instructional costs and services	1,190,288	1,090,191	1,001,860
Gross margin	647,070	596,475	534,900
Selling, general, and administrative expenses	481,571	439,847	424,444
Income from operations	165,499	156,628	110,456
Interest expense, net	(8,404)	(8,277)	(17,979)
Other income (expense), net	15,452	(1,277)	2,829
Income before income taxes and income (loss) from equity method investments	172,547	147,074	95,306
Income tax expense	(45,346)	(40,088)	(24,539)
Income (loss) from equity method investments	(334)	144	684
Net income attributable to common stockholders	$ 126,867	$ 107,130	$ 71,451
Net income (Weighted average shares) attributable to common stockholders per share:
Basic (in dollars per share)	$ 3.00	$ 2.58	$ 1.78
Diluted (in dollars per share)	$ 2.97	$ 2.52	$ 1.71
Basic (in shares)	42,286,392	41,451,101	40,211,016
Diluted (in shares)	42,728,108	42,441,524	41,868,580

LRN Balance Sheet

2023-06-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Current assets
Cash and cash equivalents	$ 410,807	$ 389,398
Accounts receivable, net of allowance of $30,031 and $26,993	463,722	418,558
Inventories, net	36,716	36,003
Prepaid expenses	24,817	25,974
Other current assets	129,137	80,601
Total current assets	1,065,199	950,534
Operating lease right-of-use assets, net	69,508	85,457
Property and equipment, net	52,332	61,537
Capitalized software, net	83,465	71,800
Capitalized curriculum development costs, net	50,787	50,580
Intangible assets, net	74,771	88,669
Goodwill	246,676	241,022
Deferred tax asset	8,776
Deposits and other assets	109,152	93,946
Total assets	1,760,666	1,643,545
Current liabilities
Accounts payable	48,854	61,997
Accrued liabilities	76,626	63,200
Accrued compensation and benefits	57,426	73,027
Deferred revenue	76,159	53,630
Current portion of finance lease liability	35,621	37,389
Current portion of operating lease liability	14,449	12,830
Total current liabilities	309,135	302,073
Long-term finance lease liability	21,278	28,888
Long-term operating lease liability	59,425	75,127
Long-term debt	413,035	411,438
Deferred tax liability		3,205
Other long-term liabilities	10,497	10,233
Total liabilities	813,370	830,964
Commitments and contingencies
Stockholders' equity
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,339,048 and 48,112,664 shares issued; and 43,004,305 and 42,777,921 shares outstanding, respectively	4	4
Additional paid-in capital	695,480	687,454
Accumulated other comprehensive income (loss)	(35)	143
Retained earnings	354,329	227,462
Treasury stock of 5,334,743 shares at cost	(102,482)	(102,482)
Total stockholders' equity	947,296	812,581
Total liabilities and stockholders' equity	$ 1,760,666	$ 1,643,545

K12 Inc Stock Research

Market Summary

LRN Alerts

LRN Stock Price

LRN RSI Chart

LRN Valuation

LRN Price/Sales (Trailing)

LRN Profitability

LRN Fundamentals

LRN Revenue

LRN Earnings

Price Action

52 Week Range

LRN Financial Health

LRN Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for LRN

Which funds bought or sold LRN recently?

Latest Funds Activity

LRN Alerts

Schedule 13G FIlings of K12

Recent SEC filings of K12

LRN Fair Value

Peers (Alternatives to K12)

K12 News

Returns for LRN

Cumulative Returns on LRN

Risks for LRN

What is the probability of a big loss on LRN?

How does LRN drawdown profile look like?

Financials for K12

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)

LRN Income Statement

LRN Balance Sheet

About K12

Market Summary

LRN Alerts

LRN Stock Price

LRN RSI Chart

LRN Valuation

LRN Price/Sales (Trailing)

LRN Profitability

LRN Fundamentals

LRN Revenue

LRN Earnings

Price Action

52 Week Range

LRN Financial Health

LRN Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for LRN

Which funds bought or sold LRN recently?

Latest Funds Activity

LRN Alerts

Schedule 13G FIlings of K12

Recent SEC filings of K12

LRN Fair Value

Peers (Alternatives to K12)

K12 News

Returns for LRN

Cumulative Returns on LRN

Risks for LRN

What is the probability of a big loss on LRN?

How does LRN drawdown profile look like?

Financials for K12

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

LRN Income Statement

LRN Balance Sheet

About K12

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)