LRN: financial statements from SEC

Income statement

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024
Revenue	630m	631m	621m	613m	587m	551m
Cost of revenue	398m	372m	379m	364m	347m	335m
Gross profit	232m	260m	242m	249m	240m	216m
Selling, general and administrative	102m	113m	173m	119m	115m	169m
Operating income	129m	147m	69m	131m	125m	47m
Pre-tax income	121m	133m	83m	135m	130m	54m
Income tax	32m	34m	14m	35m	33m	11m
Net income	89m	99m	69m	99m	96m	41m
Earnings per share	2.09	2.31	1.59	2.31	2.24	0.95
Earnings per share, diluted	1.93	2.12	1.40	2.02	2.03	0.94
Weighted average shares	42m	43m	43m	43m	43m	43m
Weighted average shares, diluted	46m	47m	49m	49m	47m	44m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	614m	497m	518m	782m	529m	515m	318m	501m
Short-term investments	192m	129m	197m	203m	195m	202m	204m	192m
Receivables	855m	869m	809m	560m	700m	583m	676m	473m
Inventory	22m	18m	20m	38m	22m	21m	22m	37m
Current assets	1.76bn	1.60bn	1.65bn	1.63bn	1.51bn	1.39bn	1.29bn	1.25bn
Goodwill	247m	247m	247m	247m	247m	247m	247m	247m
Total assets	2.45bn	2.31bn	2.33bn	2.29bn	2.21bn	2.07bn	1.97bn	1.92bn
Current liabilities	283m	220m	244m	303m	270m	231m	231m	244m
Long-term debt	418m	417m	417m	416m	416m	416m	415m	415m
Total liabilities	805m	759m	806m	814m	791m	753m	758m	744m
Equity	1.64bn	1.55bn	1.53bn	1.48bn	1.42bn	1.32bn	1.21bn	1.18bn
Shares outstanding	43m	43m	44m	44m	43m	44m	44m	43m
Shares issued	49m	49m	49m	49m	49m	49m	49m	49m
Treasury shares	7m	7m	5m	5m	5m	5m	5m	5m

Metric	Sep 30, 2025	Sep 30, 2024
Operating cash flow	−196m	−142m
Depreciation and amortisation	29m	28m
Share-based compensation	10m	8m
Capital expenditure	306,000	669,000
Investing cash flow	−25m	−21m
Financing cash flow	−44m	−20m