Stride Inc 2025年度报告

Form10-K 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 of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements 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 to Rule405 ofRegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).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 anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” 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 with any newor 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 its internalcontrol 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 included in thefiling 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, 2025 was$1,974,309,000. Aggregate market value excludes an aggregate of approximately 12,180,059 shares of common stock held by officers and directors andby each person known by the registrant to own 5% or more of the outstanding common stock on such date. Exclusion of shares held by any of thesepersons should not be construed to indicate that such person possesses the power, direct or indirect, to direct or cause the direction of the management orpolicies 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 July 31, 2026 was 41,559,845. DOCUMENTS INCORPORATED BY REFERENCE: Portions of the registrant’s definitive proxy statement for its 2026 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, 2026, are incorporated by reference intoPartIII of this Form10-K. TABLE OF CONTENTS PART IITEM 1.Business4ITEM 1A.Risk Factors17ITEM 1B.Unresolved Staff Comments39ITEM 1C.Cybersecurity40ITEM 2.Properties41ITEM 3.Legal Proceedings41ITEM 4Mine Safety Disclosures41PART IIITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities42ITEM 6.[Reserved]43ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations44ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk55ITEM 8.Financial Statements and Supplementary Data56ITEM 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure100ITEM 9A.Controls and Procedures100ITEM 9B.Other Information102ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections102PART IIIITEM 10.Directors, Executive Officers and Corporate Governance102ITEM 11.Executive Compensation102ITEM 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters102ITEM 13.Certain Relationships and Related Transactions, and Director Independence103ITEM 14.Principal Accountant Fees and Services103PART IVITEM 15. Exhibit and Financial Statement Schedules104ITEM 16.Form 10-K Summar