Stride, Inc.

Well, good day, everyone, and welcome to the Stride Inc. Q1 FY25 conference call. At this time, I would like to hand the call over to Mr. Tim Casey. Please go ahead, sir.

Thank you, and good afternoon. Welcome to Stride's first quarter earnings call for fiscal year 2025. With me on today's call are James Rue, Chief Executive Officer, and Donna Blackman, Chief Financial Officer. As a reminder, today's conference call and webcast are accompanied by a presentation that can be found on the Stride Investor Relations website. Please be advised that today's discussion of our financial results may include certain non-GAAP financial measures. A reconciliation of these measures is provided in the earnings release issued this afternoon and can also be found on our investor relations website. In addition to historical information, this call may also involve forward-looking statements. The company's actual results could differ materially from any forward-looking statements due to several important factors as described in the company's latest SEC filings. These statements are made on the basis of our views and assumptions regarding future events and business performance at the time we make them, and the company assumes no obligation to update any forward-looking statements made during this call. Following our prepared remarks, we'll answer any questions you may have. Now, I'll turn the call over to James. James?

Thanks, Tim. This year marks the 25th anniversary for K-12, Stride's preeminent brand. In those 25 years, we have served over 3 million families and students. It took us over 15 years to reach the first million, and it has taken us just over three years to reach the third. In that time, technologies have advanced, our footprint has grown, and the country has evolved. But one constant has remained, our focus on providing customers choice in education. Just as we have choice in most facets of our lives, from shopping to entertainment to healthcare and financial services, so too should customers have choice in education. And all the surveys and research I have seen, irrespective of political leaning, supports the customer preference for choice. Education should not be a political issue. It should be a customer-focused one. As we prepare for our next 25 years, we are positioning K-12 to continue to lead by delivering tomorrow's education today. And that vision extends beyond the hundreds of thousands of students we currently serve each year. We believe we can deliver meaningful products and services to millions of students and customers each year with the range of initiatives that we are currently in development. A key element of our evolution is to ensure we stay focused on our customers. And we see the families that have embraced our programs come from a broad range of backgrounds. Why? Well, because what we offer caters to the needs of families instead of forcing them to cater to the rigidity of the program. That's choice. Our programs are affordable and accessible. We embrace being career-forward, and we are leaning into new technologies and investing in innovation like never before. Now, in our core business, which as you can see remains robust and where demand, as indicated by our application volumes, is accelerating, the issues that we can address for families span a wide range, from safety to academics to mental health to mobility to flexibility and on and on and everything in between. It is that range of promise that we offer families that will be a cornerstone for our next 25 years. Now, as you saw in our press release, we announced record enrollments for our first quarter, an 18.5% year-over-year growth and an acceleration in demand from this time last year. Apart from the pandemic year, this is the highest recorded year of gross enrollment growth this company has seen since it became publicly traded over 15 years ago we've seen continual and rising demand for the services we provide and the support for students this enables in our 25th year i feel confident saying that we continue to raise the bar for families looking for educational opportunities we remain as committed as ever to offering tomorrow's education today our results for the first quarter demonstrate that more and more families are embracing what we have to offer and our guidance suggests we are on pace for another record year. I'll now turn the call over to Donna. Donna?