LearnDash Due Diligence
Run due diligence on LearnDash: check compliance and get alerts when suppliers change.
United States · www.learndash.com · 24 vendors
LearnDash is a leading WordPress Learning Management System (LMS) plugin that enables users to create and sell online courses. It provides advanced features such as quizzes, assignments, and gamification, and is utilized by universities, companies, and entrepreneurs globally. The company operates as an acquired subsidiary under Liquid Web's StellarWP brand.
Resilience scores
- Digital Sovereignty: 79
- Digital Resilience: 8
- Financial Resilience: 7
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Services catalogue
1 service in catalogue across 1 category; runs on 24 sub-vendors.
- LearnDash
Insights
Last updated 2026-08-15 · revision 6
24 direct vendors, 202 subvendors
Direct vendors by controlling owner country (sample)
- India: 1
- France: 1
- United States: 19
Subvendors by controlling owner country (sample)
- Romania: 1
- Denmark: 2
- Czech Republic: 1
Compliance
8 in-scope frameworks identified; showing 3.
PCI DSS (source) — Evidence found
Evidence: https://www.liquidweb.com/policies/security-and-trust/, https://www.liquidweb.com/wp-content/uploads/2025/12/PCI-DSS-v4-0-1-AOC_Service-Provider_Liquid-Web_2025.pdf, https://www.liquidweb.com/software/learndash/
SOC 2 (source) — Evidence found
Evidence: https://www.liquidweb.com/policies/security-and-trust/, https://www.liquidweb.com/wp-content/uploads/2026/06/Liquid-Web_2025_SOC-3-Report_FINAL.pdf, https://www.liquidweb.com/data-centers/
FERPA — No public evidence
Evidence: https://www.liquidweb.com/software/learndash/, https://www.liquidweb.com/policies/privacy-policy/
Financials
Three-year financials
- 2024:
- 2023:
- 2022:
Financial Resilience Score: 7/10
LearnDash appears qualitatively financially healthy despite the absence of publicly disclosed financials. As a private product brand within Liquid Web's StellarWP portfolio (backed by private equity firm Madison Dearborn Partners since 2018), it benefits from a well-capitalized parent, established brand presence since 2013, and a recurring annual subscription revenue model across three pricing tiers (Essentials $259/yr, Pro $399/yr, Elite $599/yr). Third-party industry estimates place historical annual recurring revenue in the US$5–10M range around 2020–2021, with current plausible ARR potentially in the low-to-mid tens of millions based on ~100,000+ active installs. The company benefits from portfolio synergies within StellarWP (bundling with The Events Calendar, GiveWP, Kadence, SolidWP, Restrict Content Pro, etc.) and cross-sell opportunities into Nexcess hosting. Low customer concentration across SMBs, creators, universities, and enterprises reduces individual customer risk. However, key risks include heavy dependency on the WordPress ecosystem (notably impacted by the 2024–25 Automattic/WP Engine dispute), intense competition from TutorLMS, LifterLMS, and SaaS platforms like Teachable, Thinkific, and Kajabi, potential leverage constraints from PE ownership, and commoditization pressure from freemium/open-source LMS alternatives.
Key strengths: Established market position with 100,000+ active installs since 2013, Recurring annual subscription revenue model across three tiers, Backed by well-capitalized PE-owned parent (Liquid Web / Madison Dearborn Partners), Portfolio synergies within StellarWP suite and Nexcess hosting cross-sell, Low customer concentration across SMB, creator, university, and enterprise segments, Broad geographic customer base
Risk factors: Heavy dependency on WordPress ecosystem health and governance, Intense competition from TutorLMS, LifterLMS, and SaaS platforms (Teachable, Thinkific, Kajabi, Podia), Potential leverage constraints from PE ownership structure, Limited financial transparency (no published statements), Platform commoditization risk from freemium/open-source alternatives, Single-product concentration risk
Revenue by geography
- North America: 65%
- Europe: 25%
- Australia and Rest of World: 10%
Revenue by product/service
- LearnDash LMS Plugin (Essentials, Pro, Elite tiers): 100%
Workforce by country
- United States: 35
Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.