Stride Inc 2024年度报告

Form10-K ☒ANNUAL REPORTPURSUANTTO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the fiscal year endedJune 30, 2025☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934 Commission file number001-33883 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes◻No⌧ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes◻No⌧ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was requiredto submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Large accelerated filer⌧ Non-accelerated filer◻ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the registrant’s voting and non-voting stock held by non-affiliates of the registrant as of December31, 2024 was$2,930,615,000. Aggregate market value excludes an aggregate of approximately 15,357,626 shares of common stock held by officers anddirectors and by each person known by the registrant to own 5% or more of the outstanding common stock on such date. Exclusion of shares heldby any of these persons should not be construed to indicate that such person possesses the power, direct or indirect, to direct or cause the directionof the management or policies of the registrant, or that such person is controlled by or under common control with the registrant. The number of shares of the registrant’s common stock outstanding as of August 1, 2025 was43,626,921. DOCUMENTS INCORPORATED BY REFERENCE: Portions of the registrant’s definitive proxy statement for its 2025 annual meeting of stockholders to be filed pursuant to Regulation14A with theSecurities and Exchange Commission not later than 120days after the registrant’s fiscal year ended June30, 2025, are incorporated by referenceinto PartIII of this Form10-K. TABLE OF CONTENTS PART IITEM 1.Business4ITEM1A.Risk Factors16ITEM1B.Unresolved Staff Comments35ITEM1C.Cybersecurity36ITEM 2.Properties37ITEM 3.Legal Proceedings37ITEM 4Mine Safety Disclosures37PART IIITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities38ITEM 6.[Reserved]39ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations40ITEM7A.Quantitative and Qualitative Disclosures About Market Risk51ITEM 8.Financial Statements and Supplementary Data52ITEM 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure96ITEM9A.Controls and Procedures96ITEM9B.Other Information98ITEM9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections98PART IIIITEM10.Directors, Executive Officers and Corporate Governance98ITEM 11.Executive Compensation98ITEM12.Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matters99ITEM13.Certain Relations