LRN Revenue Flow Filed revenue amounts for 2025-07-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.
2026-06-30: Revenue $636.06M* ; Revenue including tax (m) ; Cost of revenue $418.78M* ; Research and development (m) . 2026-03-31: Revenue $629.87M ; Revenue including tax (m) ; Cost of revenue $398.31M ; Research and development (m) . 2025-12-31: Revenue $631.26M ; Revenue including tax (m) ; Cost of revenue $371.63M ; Research and development (m) . 2025-09-30: Revenue $620.88M ; Revenue including tax (m) ; Cost of revenue $378.76M ; Research and development (m) . Product or service Separate filed amounts; connecting flows are not established. Components and totals may overlap.
LRN revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Adult $56.57M Career Learning $1.10B General Education $1.42B Middle High School $1.04B Primary Obligor $683.60M Revenue $2.52B Cost of revenue $1.57B Gross profit $950.60M Operating income $450.77M Other income, net $2.17M Research & development $22.00M Selling, general & administrative $499.83M Income tax $102.76M Net income $338.19M
Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.
Historical revenue and expense breakdown Revenue and expense 3 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Income tax Net income 2026-06-30 $636.06M* (m) $418.78M* (m) $111.43M* $22.83M* $81.39M* 2026-03-31 $629.87M (m) $398.31M (m) $102.48M $31.55M $88.53M 2025-12-31 $631.26M (m) $371.63M (m) $112.78M $33.97M $99.48M 2025-09-30 $620.88M (m) $378.76M (m) $173.14M $14.42M $68.80M 2025-03-31 $613.38M (m) $364.09M (m) $118.50M $35.45M $99.35M 2024-12-31 $587.21M (m) $347.35M (m) $114.76M $33.36M $96.39M 2024-09-30 $551.08M (m) $335.23M (m) $168.51M $11.28M $40.88M 2024-03-31 $520.84M (m) $319.51M (m) $113.02M $24.66M $69.69M 2023-12-31 $504.87M (m) $303.69M (m) $116.89M $22.19M $66.84M 2023-09-30 $480.18M (m) $307.29M (m) $169.57M $1.54M $4.88M 2023-03-31 $470.28M (m) $295.03M (m) $103.05M $19.52M $55.46M 2022-12-31 $458.44M (m) $288.35M (m) $102.02M $18.86M $50.70M 2022-09-30 $425.15M (m) $295.50M (m) $158.37M -$7.51M -$22.67M 2022-03-31 $421.72M (m) $266.88M (m) $94.25M $16.72M $42.92M 2021-12-31 $409.51M (m) $261.95M (m) $90.64M $15.93M $42.00M 2021-09-30 $400.23M (m) $273.82M (m) $133.38M -$2.89M -$5.88M 2021-06-30 (m) $397.51M* (m) (m) (m) (m) (m) 2021-03-31 $392.14M $392.14M $253.13M (m) $100.46M $10.28M $23.79M 2020-12-31 $376.14M $376.14M $246.75M (m) $90.94M $10.64M $24.50M 2020-09-30 $370.96M $370.96M $241.07M (m) $117.83M -$2.38M $12.67M 2020-06-30 (m) $268.93M $177.44M (m) $84.45M $2.55M $4.89M 2020-03-31 (m) $257.15M $178.97M (m) $63.69M $4.42M $8.75M 2019-12-31 (m) $257.56M $167.47M (m) $59.78M $10.39M $20.59M 2019-09-30 (m) $257.12M $169.36M (m) $107.15M -$8.82M -$9.73M 2019-06-30 (m) $256.31M $175.86M $2.56M $77.77M $662.00K $3.32M 2019-03-31 (m) $253.25M $168.26M $2.34M $61.73M $5.84M $18.46M 2018-12-31 (m) $254.87M $160.33M $1.07M $61.25M $9.07M $23.71M 2018-09-30 (m) $251.31M $158.99M $3.50M $106.08M -$5.06M -$8.28M 2018-06-30 $238.87M $238.87M $157.09M $1.97M $69.94M $959.00K $9.35M 2018-03-31 $232.86M $232.86M $148.88M $2.00M $62.27M $6.93M $13.07M 2017-12-31 $217.21M $217.21M $139.16M $2.38M $61.96M $564.00K $13.26M 2017-09-30 $228.78M $228.78M $147.37M $2.90M $96.28M -$9.37M -$8.06M 2017-06-30 $215.76M (m) (m) $3.01M $68.79M $1.88M -$6.48M 2017-03-31 $222.53M (m) (m) $3.51M $69.83M $4.52M $9.12M 2016-12-31 $221.09M (m) (m) $2.87M $62.35M $7.69M $11.65M 2016-09-30 $229.14M $228.78M $147.37M $2.90M $96.28M -$9.37M -$8.06M 2016-06-30 $221.32M (m) (m) $1.07M $76.61M $822.00K -$982.00K 2016-03-31 $221.34M (m) (m) $2.56M $64.89M $5.37M $14.27M 2015-12-31 $208.81M (m) (m) $3.03M $61.44M $6.65M $8.54M 2015-09-30 $221.23M (m) (m) $3.41M $99.27M -$8.10M -$12.79M 2015-06-30 $235.66M (m) (m) $4.32M $80.76M -$6.90M -$11.58M 2015-03-31 $244.62M (m) (m) $3.34M $64.87M $10.59M $17.01M 2014-12-31 $231.30M (m) (m) $3.25M $62.56M $8.66M $12.33M 2014-09-30 $236.71M (m) (m) $3.48M $99.55M -$6.54M -$6.78M 2014-06-30 $232.05M (m) (m) $2.30M $74.85M $7.35M $12.36M 2014-03-31 $235.22M (m) (m) $2.83M $64.41M $11.86M $15.95M 2013-12-31 $223.92M (m) (m) $3.40M $75.75M -$4.68M -$3.67M 2013-09-30 $228.37M (m) (m) $5.68M $98.24M -$3.45M -$5.04M 2013-06-30 $203.09M (m) (m) $6.27M $66.21M $1.83M $2.27M 2013-03-31 $218.01M (m) (m) $5.07M $65.83M $7.63M $11.97M 2012-12-31 $206.03M (m) (m) $5.58M $61.38M $6.68M $9.51M 2012-09-30 $221.10M (m) (m) $4.17M $89.62M $3.89M $4.36M 2012-06-30 $170.40M (m) (m) $4.78M $60.97M $571.00K $1.80M 2012-03-31 $178.18M (m) (m) $7.01M $53.62M $4.64M $6.98M 2011-12-31 $166.50M (m) (m) $7.57M $52.92M $2.98M $4.17M 2011-09-30 $193.33M (m) (m) $6.22M $77.76M $3.70M $4.60M 2011-06-30 $128.27M (m) (m) $4.03M $52.32M -$2.97M -$2.84M 2011-03-31 $130.29M (m) (m) $4.97M $36.76M $5.26M $5.60M 2010-12-31 $129.00M (m) (m) $3.44M $35.18M $6.12M $7.84M 2010-09-30 $134.87M (m) (m) $3.91M $50.50M $2.93M $2.20M
Revenue and expense 6 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Income tax Net income 2025-12-31 $1.25B (m) $750.39M (m) $285.92M $48.39M $168.28M 2024-12-31 $1.14B (m) $682.58M (m) $283.27M $44.64M $137.28M 2023-12-31 $985.05M (m) $610.99M (m) $286.45M $23.73M $71.71M 2022-12-31 $883.59M (m) $583.85M (m) $260.38M $11.35M $28.03M 2021-12-31 $809.73M (m) $535.77M (m) $224.02M $13.04M $36.12M 2020-12-31 $747.11M $747.11M $487.82M (m) $208.77M $8.27M $37.17M 2019-12-31 (m) $514.68M $336.83M (m) $166.94M $1.57M $10.86M 2018-12-31 (m) $506.19M $319.31M $4.57M $167.33M $4.02M $15.43M 2017-12-31 $446.00M $446.00M $286.53M $5.27M $158.24M -$8.80M $5.20M 2016-12-31 $450.23M (m) (m) $5.93M $167.00M -$1.00M -$2.18M 2015-12-31 $430.04M (m) (m) $6.44M $160.71M -$1.44M -$4.25M 2014-12-31 $468.02M (m) (m) $6.73M $162.10M $2.13M $5.56M 2013-12-31 $452.29M (m) (m) $9.09M $174.00M -$8.13M -$8.71M 2012-12-31 $427.12M (m) (m) $9.75M $151.00M $10.57M $13.87M 2011-12-31 $359.83M (m) (m) $13.80M $130.66M $6.67M $8.77M 2010-12-31 $263.87M (m) (m) $7.35M $85.67M $9.05M $10.04M
Revenue and expense 9 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Income tax Net income 2026-03-31 $1.88B (m) $1.15B (m) $388.40M $79.93M $256.80M 2025-03-31 $1.75B (m) $1.05B (m) $401.77M $80.09M $236.62M 2024-03-31 $1.51B (m) $930.50M (m) $399.47M $48.38M $141.40M 2023-03-31 $1.35B (m) $878.88M (m) $363.44M $30.88M $83.50M 2022-03-31 $1.23B (m) $802.66M (m) $318.27M $29.75M $79.04M 2021-03-31 $1.14B $1.14B $740.95M (m) $309.23M $18.54M $60.96M 2020-03-31 (m) $771.83M $515.80M (m) $230.62M $5.99M $19.62M 2019-03-31 (m) $759.44M $487.57M $6.92M $229.06M $9.86M $33.89M 2018-03-31 $678.86M $678.86M $435.41M $7.28M $220.51M -$1.87M $18.27M 2017-03-31 $672.76M (m) (m) $9.45M $236.83M $3.52M $6.93M 2016-03-31 $651.38M (m) (m) $9.00M $225.60M $3.92M $10.02M 2015-03-31 $712.64M (m) (m) $10.06M $226.97M $12.71M $22.57M 2014-03-31 $687.51M (m) (m) $11.92M $238.41M $3.73M $7.24M 2013-03-31 $645.13M (m) (m) $14.82M $216.83M $18.20M $25.84M 2012-03-31 $538.00M (m) (m) $20.81M $184.26M $11.31M $15.74M 2011-03-31 $394.17M (m) (m) $12.32M $122.44M $14.31M $15.64M
Revenue and expense 12 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Income tax Net income 2026-06-30 $2.52B (m) $1.57B $22.00M $499.83M $102.77M $338.19M 2025-06-30 $2.41B (m) $1.46B $16.60M $524.35M $93.01M $287.94M 2024-06-30 $2.04B (m) $1.28B $16.70M $514.00M $64.48M $204.18M 2023-06-30 $1.84B (m) $1.19B $15.50M $481.57M $45.35M $126.87M 2022-06-30 $1.69B (m) $1.09B $7.50M $439.85M $40.09M $107.13M 2021-06-30 $1.54B $1.54B $1.00B $3.70M $424.44M $24.54M $71.45M 2020-06-30 $1.04B $1.04B $693.23M $9.70M $315.08M $8.54M $24.51M 2019-06-30 (m) $1.02B $663.44M $9.50M $306.83M $10.52M $37.21M 2018-06-30 $917.73M $917.73M $592.50M $9.20M $299.69M -$910.00K $27.62M 2017-06-30 $888.52M $888.52M $557.32M $12.46M $305.62M $5.40M $451.00K 2016-06-30 $872.70M (m) (m) $10.07M $302.20M $5.40M $9.04M 2015-06-30 $948.29M (m) (m) $14.38M $307.73M $5.81M $10.99M 2014-06-30 $919.55M (m) (m) $14.22M $313.26M $11.07M $19.60M 2013-06-30 $848.22M (m) (m) $21.08M $283.03M $20.02M $28.11M 2012-06-30 $708.41M (m) (m) $25.59M $245.27M $11.88M $17.54M 2011-06-30 $522.43M (m) (m) $16.35M $174.76M $11.34M $12.79M 2010-06-30 $384.47M (m) (m) $9.58M $117.40M $13.25M $21.52M