Stride Inc (LRN)

Net profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	204,183	126,867	107,130	71,451	24,506
Revenue	US$ in thousands	2,035,790	1,835,280	1,684,900	1,535,650	1,040,700
Net profit margin		10.03%	6.91%	6.36%	4.65%	2.35%

June 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $204,183K ÷ $2,035,790K
= 10.03%

The net profit margin of Stride Inc has shown a consistent upward trend over the past five years, indicating an improvement in the company's ability to convert revenue into profit. In particular, the net profit margin has increased from 2.35% in 2020 to 10.03% in 2024, demonstrating a significant growth in profitability. This signifies that Stride Inc has been effectively managing its expenses and increasing its profitability over the years. The company's strong performance in 2024 reflects a healthier financial position compared to previous years, showcasing its ability to generate more profits for every dollar of revenue earned. Overall, the steady increase in net profit margin suggests a positive trajectory for Stride Inc's financial performance and operational efficiency.