学乐教育 2025年度报告

Washington, D.C. 20549Form 10-KAnnual Report pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934 Scholastic Corporation(Exact name of Registrant as specified in its charter) 13-3385513(IRS Employer IdentificationNo.) Registrant’s telephone number, including area code: (212) 343-6100Securities Registered Pursuant to Section 12(b) of the Act: Securities Registered Pursuant to Section 12(g) of the Act:NONEIndicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (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 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and postedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. 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 accounting firm thatprepared 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-basedcompensation received 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 Rule 12b-2 of the Act). Yes☐No The aggregate market value of the Common Stock, par value $0.01, held by non-affiliates as of November 30, 2025, was approximately$707,200,000. As of such date, non-affiliates held 382,648 shares of the Class A Stock, $0.01 par value. There is no active market for the Class A Stock. Part III incorporates certain information by reference from the Registrant’s definitive proxy statement for the Annual Meeting of Stockholders to be heldSeptember 16, 2026. Table of Contents Part I BusinessRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety Disclosures Item 1.Item 1A.Item 1B.Item 1C.Item 2.Item 3.Item 4. Part II Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchasesof Equity Securities[Reserved]Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures about Market RiskConsolidated Financial Statements and Supplementary DataConsolidated Statements of OperationsConsolidated Statements of Comprehensive Income (Loss)Consolidated Balance SheetsConsolidated Statement of Changes in Stockholders’ EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsReports of Independent Registered Public Accounting FirmSupplementary Financial InformationChanges in and Disagreements with Accountants on Accounting and Financial DisclosureControls and ProceduresOther InformationDisclosure Regarding Foreign Jurisdictions that Prevent Inspections Item 5. Item 9.Item 9A.Item 9B.Item 9C. Part III Directors, Executive Officers and Corporate GovernanceExecutive CompensationSecurity Ownership of Certain Beneficial Owners and Management and Related StockholderMattersCertain Relationships and Related Transactions, and Director IndependencePrincipal Accounting Fees and Services Item 10.Item 11.Item 12. Part IV Exhibits, Financial Statement SchedulesSummarySignaturesPower of AttorneySchedule II: Valuation and Qualifying Accounts and Reserves Item 15.Item 16. Part I Item 1 | Business Overview Scholastic Cor