Stride Inc (LRN)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	763,603	647,070	596,475	534,900	347,533
Revenue	US$ in thousands	2,035,790	1,835,280	1,684,900	1,535,650	1,040,700
Gross profit margin		37.51%	35.26%	35.40%	34.83%	33.39%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $763,603K ÷ $2,035,790K
= 37.51%

The gross profit margin of Stride Inc has shown a consistent upward trend over the past five years. It increased from 33.39% in June 2020 to 37.51% in June 2024. This indicates that the company has been able to improve its efficiency in generating profits from its sales revenue. A higher gross profit margin suggests that Stride Inc is effectively managing its production costs and pricing strategies. This trend is favorable as it can lead to increased profitability and potentially strengthen the company's financial position in the long run.