Stride is a for-profit technology company that operates full-time virtual K-12 public schools across the U.S. under a "school-as-a-service" model. Stride's customers are the governing boards of public charter schools and school districts, which contract with Stride to run their virtual schools under multi-year agreements. Stride provides an end-to-end package: curriculum, a learning management system, teacher recruitment and instruction, student support services, enrollment marketing, and administrative back-office functions. Stride is funded indirectly through state per-pupil funding that flows to the school, which in turn pays Stride for its services. Stride operates two core K-12 segments: General Education (~60% of revenue), covering core academic subjects as an alternative to in-person schooling, and Career Learning (~36% of revenue), offering middle and high school programs in fields like IT, healthcare, and business that lead to industry certifications and college credits. Career Learning is growing faster, with enrollments up 33% in FY25. Stride also operates a small Adult Learning business (~3-4% of revenue) under the Galvanize, Tech Elevator, and MedCerts brands, focused on software engineering and allied health training — though this segment is in decline and being restructured toward a B2B model. Revenue scales with enrollment volume multiplied by revenue per enrollment, which is driven by state per-pupil funding rates. Total K-12 enrollments reached approximately 234,000 in FY25. Teacher staffing is the largest cost and is managed roughly in line with enrollment, and Stride has expanded gross margins as it has scaled.