SHARPE
Reported results
- GAAP revenue: $639.4 million vs. $620.9 million in Q1 FY2026, up 3.0%
- GAAP income from operations: $84.3 million vs. $69.0 million in Q1 FY2026, up 22.2%
- GAAP net income: $64.9 million vs. $68.8 million in Q1 FY2026, down 5.6%
- GAAP diluted net income per share: $1.45 vs. $1.40 in Q1 FY2026, up 3.6%
- Non-GAAP adjusted operating income: $78.6 million vs. $81.1 million in Q1 FY2026, down 3.1%
- Non-GAAP adjusted EBITDA: $111.8 million vs. $108.4 million in Q1 FY2026, up 3.1%
Guidance
- FY2027 revenue guidance: $2.530 billion to $2.610 billion
- FY2027 non-GAAP adjusted operating income guidance: $500 million to $530 million
- FY2027 capital expenditures guidance: $70 million to $80 million
- FY2027 effective tax rate guidance: 24% to 26%
- Q2 FY2027 revenue guidance: $625 million to $645 million
- Q2 FY2027 non-GAAP adjusted operating income guidance: $135 million to $145 million
- Q2 FY2027 capital expenditures guidance: $19 million to $21 million
Notes
This release mixes GAAP and non-GAAP measures throughout. Stock-based compensation expense was negative (benefit) of $7.4 million in Q1 FY2027 vs. positive expense of $10.2 million in Q1 FY2026, affecting adjusted measures. Average enrollments were 241.4K in Q1 FY2027, down 2.5% from 247.7K in Q1 FY2026. Career Learning enrollments were 112.2K, up 2.0% from 110.0K. Revenue per enrollment was $2,556, up 7.0% from $2,388.
Price and volatility reaction
The stock moved -3.2% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 78.95 | 2026-10-20 |
| Close after release | 76.39 | 2026-10-21 |
| Realised move | -3.2% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.