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DCF valuation

What is Stride, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Stride, Inc.'s reported free cash flow gives $233.76 per share. The share price was $76.82 on November 10, 2026, 67% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$433.2M
Average free cash flow, last 5 years
$307.3M
Cash
$547.8M
balance sheet of September 30, 2026
Debt
$418.4M
balance sheet of September 30, 2026
Diluted shares, fiscal 2026
47,332,855
Revenue growth per year, last 5 years
10.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear5.5%4.0%2.0%10.0%$146.20+90%
Base10.5%6.5%2.5%9.0%$233.76+204%
Bull15.5%9.5%3.0%8.0%$408.29+431%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$300.00$320.44$345.41$376.62$416.75
8.0%$250.41$263.66$279.32$298.11$321.08
9.0%$214.25$223.31$233.76$245.96$260.37
10.0%$186.77$193.21$200.51$208.85$218.48
11.0%$165.20$169.93$175.21$181.14$187.87

Where the presets come from

Base: years 1 to 5 grow at Stride, Inc.'s revenue growth rate over the last 5 fiscal years (10.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Stride, Inc. company page