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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 $238.14 per share. The share price was $78.56 on September 25, 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
$754.5M
balance sheet of June 30, 2026
Debt
$418M
balance sheet of June 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%$150.58+92%
Base10.5%6.5%2.5%9.0%$238.14+203%
Bull15.5%9.5%3.0%8.0%$412.67+425%

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%$304.38$324.81$349.78$381.00$421.13
8.0%$254.79$268.04$283.70$302.49$325.45
9.0%$218.63$227.69$238.14$250.34$264.75
10.0%$191.14$197.58$204.89$213.23$222.86
11.0%$169.58$174.30$179.58$185.52$192.25

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