Land With the File. Expand With a Switch. — Agentic Learning Investor Overview
The thesis

Special education is not a niche. It is the district's densest data position.

Every score a child generates in a district converges in one place: the special education file. Full evaluations and psychometrics, progress monitoring, jurisdiction-wide assessment, grades, attendance, discipline, health, language proficiency — the IEP binder is the superset, and federal law requires it to be integrated and current. Agentic IEP earns that position by doing the hardest job in the building: producing compliant, individualized IEPs inside the district's highest-stakes compliance area.

That is the land. The asset acquired is not a contract line — it is the data position. Once the platform holds the SPED file, it already holds the data every other compliance workflow needs. Section 504, emergent bilingual services, gifted and talented, curriculum alignment, staff development, and — when it ships — MTSS-RTI are workspaces on the same platform consuming data already resident.

Which means expansion is not a second implementation. It is a permission flip: same integration, same sign-on, same trained users, same trust relationship. Provided the capability was competed and priced in the original solicitation, the district experiences module two through six as turning on something it already bought.

The addressable market ◌

One in six American students. And the wedge identifies them all.

Special education now reaches 15.9% of the national US student population — roughly 7.9 million of ~49.5 million public K-12 students, with identification climbing every year. The anchor district proves the number: Houston identifies at exactly the national rate. Every other addressable population below is reached through the same file the wedge already holds.

Addressable populations — share of ~49.5M US public K-12 students

National identification rates ◌ · populations overlap; each shown as its share of total enrollment
Special education (IDEA)
15.9% · ~7.9M
MTSS intervention population
~15.0% · ~7.4M
Emergent bilingual / EL
~10.6% · ~5.3M
Gifted & talented
~6.6% · ~3.3M
Dyslexia (estimated identified)
~5.5% · ~2.7M
Section 504-only
~3.0% · ~1.5M
Early childhood · IDEA §619
~1.7% · ~0.8M
Unique students
~49.5M

Every enrolled US public K-12 student, once the whole-district layer is active — the ceiling, and the deduplicated answer to "how many children."

Special populations · deduplicated
~22M

Students carrying at least one special-population identification — SPED, EB, 504, GT, dyslexia, or MTSS — after removing the substantial overlap among them.

Annual service touchpoints
~438M

The arithmetic sum of every workspace's population across all thirty capabilities. Populations overlap heavily, so this counts services delivered, not children.

100%
Federal compliance
surface mapped ◌
9 of 9
Federal authorities addressed — 8 fully, Part C at transition intake
44%
Of enrolled students carry at least one special-population identification
100%
Of enrolled students reachable once the whole-district layer is active
Mapped: IDEA Parts A · B §611 · B §619 · C · D  ·  ESSA Titles I · II-A · III  ·  Section 504 / ADA Title II  ·  and the Texas surface — TEC Ch. 29B, §29.121, §37.115, §38.003, Ch. 37, and SHARS · MAC claiming. Part C is the one qualifier: covered at the Part C→B transition intake, not as full early intervention, because Texas ECI is delivered through HHSC-contracted local programs rather than districts.

A single child is commonly counted many times over: a bilingual student with a disability who receives dyslexia intervention, rides an MTSS plan, and is screened three times a year appears in six workspaces. That is precisely the platform's argument — one file, many mandates — and it is why the ~438M figure is labeled touchpoints and the ~49.5M figure is labeled children.

ModuleNational population basis ◌Tier rateARR TAM ◌
Agentic IEP family~7.9M SPED students · 15.9% — Companion $25 + Management $35 + Writer $25$85$671M
Agentic EB~5.3M EL students · 10.6%$20$105M
SDI Curriculum~13.1M SPED + EB students$5$66M
MTSS-RTI~7.4M intervention students · ~15%$8$59M
Medicaid & Waiver Billing~7.9M SPED caseload documentation$6$47M
Child Find & FIE~2.8M evaluations / year$12$33M
GT~3.3M GT students · ~6.6%$10$33M
Agentic 504~1.5M 504-only students · ~3.0%$15$22M
Dyslexia~2.7M identified students · ~5.5%$8$22M
SpedsterU~1.0M SPED + EB educators & staff$20$20M
Discipline · Ch. 37 analogs~3.5M removals & placements$4$14M
Transition~2.8M SPED students 14+$5$14M
Behavior & TBSI analogs~2.0M students with BIPs$6$12M
Early Childhood~0.8M ECSE students · §619$10$8M
Special-populations platform subtotalThe wedge and everything it reaches~$1.13B
Interim & Benchmark Assessment~49.5M all enrolled students — adaptive, vertical growth scale$12$594M
Universal Screening & Early Warning~49.5M all enrolled students$4$198M
Family Engagement & Translation~49.5M all enrolled students$3$149M
HQIM & Accelerated Instruction~49.5M all enrolled students$3$149M
Threat Assessment~49.5M all enrolled students$2$99M
Attendance & Chronic Absence~49.5M all enrolled students$2$99M
Progress Monitoring & CBM~7.9M SPED students$5$40M
Assistive Technology & AAC~7.9M SPED students$3$24M
General-education expansion layerContested categories with entrenched incumbents — upside, not base case~$1.35B
Premium workflows (6)~7.9M SPED students — due process defense, TEA monitoring, comp services, FIE surge, caseload, executive risk · up to $15 stacked$15$118M
Full-stack platform ARR TAMSpecial populations + premium + general-education layer~$2.60B
+ Services attachImplementation · PD · support at ~20% of platform~$520M
Enterprise TAMPlatform + services~$3.12B
Consumer flank~7.9M SPED households · Sammy at ~$156/yr~$1.2B
Ecosystem TAMEnterprise + consumer, before SAMe and ages 8–82 beyond SPED~$4.3B
TAM · National
~$2.60B

~$1.25B across special populations and premium workflows — the base case — plus a ~$1.35B general-education layer the assessment engine unlocks. ~$4.3B ecosystem with services and the consumer flank ◌.

SAM · Texas first
~$289M

~5.5M Texas students, ~775K in special education and climbing after jurisdiction-wide corrective action — the home market where SHARS, TEA rhythms, and the anchor reference live.

SOM · The plan
~0.7%

The five-year simulation reaches $7.7M enterprise ARR — about 0.3% of national platform TAM. The plan does not require winning the market; it requires one anchor and thirty-three activations of the same motion.

The assessment engine changes the shape of the company

Every module before it serves a population. Interim and benchmark assessment serves every enrolled student — and that single change moves the addressable base from ~7.9M children to ~49.5M. It is the first product that sells to the general-education budget, the largest in the building.

It also closes the loop the platform was missing. The measurement taxonomy governing every baseline the system writes treats norm-referenced instruments as the authorizing anchor and standardized, progress-monitorable data as the operating layer. Today the platform consumes whichever assessment a district happens to license. With Agentic-AS — adaptive administration, a vertical growth scale, norm-referenced growth percentiles, projected proficiency, and instructional-area detail — the platform generates that layer: baselines always current, always psychometrically defensible, already aligned to the goal-writing engine. House validation to date ◌: r=.72 concurrent, n=740, α=.92, ICC=.87, RMSEA=.036.

The competitive read, honestly. The interim-assessment category has entrenched incumbents with decades of norming data and deep district relationships — this layer is upside, not base case, and norming depth is the build to fund. But no incumbent closes the loop: an assessment that writes the baseline, generates the goal, monitors the progress, and defends the record is a different product than an assessment that produces a score and hands it off.

Population shares are national identification rates ◌ compiled from public federal and jurisdictional reporting; identification trends upward annually and populations overlap. TAM arithmetic is stated rates × stated populations — every input visible above, every figure a planning quantity, not a forecast.

$122M
Cumulative 5-year revenue · simulation
61–92%
Enterprise revenue from capabilities competed at award and activated later
3.7×
District revenue vs. land value by age four
167%+
Net revenue retention · existing districts
$1.85M
HISD Year-1 revenue at the $25 base rate — reconciles to the modeled invoice schedule
The mechanic

Six modules. One agreement. Each activation earns a deeper discount.

The master agreement is scoped to the full Agentic Learning platform on day one. Modules are priced on a published activation schedule — the district reads the ladder as loyalty pricing; the company reads it as expansion funded by near-zero acquisition cost.

Module 1 · The Land

Agentic IEP

SPED students
List · 0%
$25.00 / student
Module 2

Agentic EB

EB students · live as LinguaLinks
−5%
$14.25 net / student
Module 3

SDI Curriculum

SPED + EB students
−10%
$4.50 net / student
Module 4

Agentic 504

504 students
−15%
$8.50 net / student
Module 5

GT

GT students
−20%
$4.00 net / student
Module 6

SpedsterU

SPED + EB staff
−25%
$15.00 net / staff

MTSS-RTI workspace ◌ — architected as module seven; excluded from the simulation until built. HISD is billed at its negotiated rates; the ladder governs go-forward expansion-cohort pricing. Annual true-up reconciles enrollment (±10% band); a 3% escalator compounds; the agreement auto-renews.

Try the switch ◌

Flip the features. Watch the per-child cost move.

The land is always on. Every Texas compliance workspace is on the rail — flip any capability and the ladder assigns its discount in the order you activate it. Broader coverage, deeper discounts, and a blended per-child cost that falls as the platform does more. Turn on Medicaid & waiver billing and watch reimbursement recovery offset the entire stack.

 
● ◐ In market
Texas compliance suite — architected
Assessment & market-leading functions — the whole-district layer
Premium workflows — priced to the stakes · no ladder · no term discount
Populations scale on HISD-actual and Texas-typical identification ratios. Coverage counts unique students across the SPED, EB, 504, GT, and MTSS intervention populations. SHARS recovery models an illustrative documentation-quality uplift on the Medicaid-eligible share of the SPED caseload — not a revenue guarantee.
Most IEP management contracts run three years. The schedule offers up to five — multi-year discounts begin at year two and apply to platform subscriptions only, not services or usage. TCV compounds the 3% annual escalator across the committed term.
Two IEP runs per student per year are included. Districts that run hotter purchase prepaid Booster Packs — S · 1,000 tokens · $4,750  ·  M · 5,000 · $22,500  ·  L · 20,000 · $80,000 — per-run cost falls with pack size, and unused tokens roll to the next contract year. Usage must remain current: accounts unpaid 15 days after a usage invoice's due date drop to read-only continuity mode ◌.
Subscriptions reconcile to actual enrollment at each contract anniversary when the change exceeds the ±10% band — growth bills, contraction credits, nobody renegotiates.

Illustrative ◌ — list rates from the published activation schedule; the ladder steps 0% → −25% through position six and holds a full-stack rate of −28% / −30% beyond; every rate is set in the awarded schedule, and activation is available for capabilities inside the competed scope. Medicaid & waiver billing is modeled on Texas school-based claiming (SHARS cost-based reimbursement · MAC), assuming a 55% Medicaid-eligible share of the SPED caseload and a $100-per-eligible-student illustrative documentation uplift. HISD is billed at negotiated terms. The special-education workspace is the preferred entry, not a required one: any capability can be purchased standalone as a one-off — Agentic EB already sells this way in market as LinguaLinks — and the land can be activated later under the same vehicle, at which point the full ladder applies. At least one workspace must remain active. Each capability shows the national addressable market it opens ◌ — national population × that chip's list rate, so the arithmetic is auditable on the chip itself; the IEP family at full $85 depth and the tiered volume schedule produce the larger figures in the market section. Premium workflows — due process defense, TEA monitoring command, compensatory services, FIE surge, caseload optimization, executive risk — are priced to the stakes, carry white-glove service embedded, and sit outside both the activation ladder and the term schedule ◌. The Agentic IEP line anchors at the $25 base rate billed in Houston ●; the full component family — IEP Companion $25 · IEP Management +$35 · IEP Writer +$25 — is illustrated in the Houston motion below ◌. The full driver set lives in the companion workbook.

The invoice writes itself

The same switches compose the paper. Below: platform subscriptions at ladder-net rates, the Year-1 services stack that accompanies a mid-to-large quote, estimated usage, and the memo lines that make the model durable — decoded block-by-block for what each means to an investor.

AGENTIC LEARNINGHulett & Sheffield Consulting Services LLC d/b/a Spedster
INVOICE Nº AL-2027-001 · Representative ◌
Issued July 15 · Net 30 · Annual in advance · Term: 1 year
Bill to: Representative large-district Texas LEA
A · Platform subscriptions — annual, in advance Recurring ARR · ~80%+ CM ◌
Subscription subtotal (ARR)
B · Implementation & professional services — Year 1 One-time · services margin ◌
Services subtotal
C · Usage & Booster Packs Prepaid tokens · variable
Total due at signing — Year 1
Memo — Enrollment true-up at each contract anniversary (±10% band) · 3% annual escalator · auto-renewal · later activations are invoiced under this master agreement as options competed and priced in the original solicitation, at the awarded rates.
Memo — Usage overage is purchased as prepaid Booster Pack tokens; unused tokens roll to the next contract year. Usage must remain current: accounts unpaid fifteen (15) days after a usage invoice's due date transition to read-only continuity mode — new draft generation pauses; student records remain accessible and exportable at all times; full service resumes on payment.

Representative fees ◌ — service pricing shown is a planning convention for a mid-to-large Texas LEA quote, adjustable per engagement. The invoice is illustrative and recomputes live from the simulator above; it is not an offer, quote, or commitment.

Commercial architecture

One competition, scoped to the whole platform

The model does not reduce how much competition a district runs — it consolidates thirty fragmented competitions into one that is scoped correctly from the start. Every module is enumerated, priced, and competed in the original solicitation; later activation is contract administration within that awarded scope. The discipline is entirely front-loaded, and it is the vendor's job to make it easy for the district to do properly.

Scope

Compete the whole platform

The solicitation enumerates every workspace and the aggregate annual value, so the district selects its competitive method against the full amount — not the entry module. Later activations are exercised options inside what was competed.

Price

Every rate set at award

Each module carries a published rate and ladder position in the original response, so no price is ever negotiated outside the competition. The deeper the district goes, the deeper the discount — 0% on the land, stepping to −25% at position six.

Reconcile

Annual true-up

Enrollment is reconciled at each contract anniversary within a ±10% band — the same mechanic already operating in the HISD terms. Billing tracks reality; neither side renegotiates.

Term

Terms to five years

The market norm for IEP management contracts is three years. The schedule offers one to five, with multi-year discounts beginning at year two, a 3% escalator, and auto-renewal — by year three the district runs five or six active workspaces, so renewal is "extend what's working."

The economics compound because acquisition cost concentrates entirely in the land. Expansion revenue arrives at near-zero CAC, which is what pays for the ladder discount with margin to spare. Net revenue retention becomes the growth engine — and the sales team's job shifts from winning procurements to flipping switches inside accounts it already serves.

Proof in production

Houston ISD is the model, running live

The flagship Agentic IEP — a workflow-driven AI platform powered by the Agentic Learning Algo — is in production district-wide at Houston ISD, the largest district in Texas.

● IN PRODUCTION
276+
Campuses live district-wide
● IN PRODUCTION
~30,000
Students served
● IN PRODUCTION
88.1%
Cumulative pipeline success
● IN PRODUCTION
3m 36s
Average runtime per compliant draft

The activation ladder is already working in a live account

Year 1 of the simulation reconciles to the modeled invoice schedule to the dollar — $1,847,600 — built at the $25 base rate, with Agentic EB and Agentic 504 activating mid-year in January and GT plus full-year ramps landing in Year 2. That January mid-year switch is the ladder in production: new capability turned on inside the executed vehicle, invoiced, delivered. With the full compliance map activating across the term, the modeled three-year relationship totals ~$11.0M ◌, building toward a ~$11M ◌ annual run-rate by SY30-31 — every year carrying a story of new capability landing, never a dead year of paying for old software.

The Houston motion ◌

Begin with special education. Then say yes to need.

The sequence, illustrated at Houston scale on the go-forward tiered volume schedule ◌ (the anchor contract's actual terms are negotiated ● and shown above). The district begins with IEP Companion at $25 per child, deepens the stack on the children it knows best — management, then the writer, to $85 at full depth — and every additional population joins at descending tiers priced to need and complexity — each one competed and priced in the original solicitation, then activated when the district needs it.

1 · Compliance cascade — priced by need & complexity
2 · Features & functions — added by choice

Populations are Houston-scale planning figures (~29,000 SPED · ~66,000 EB · 16,200 est. 504 · 16,200 est. GT · ~27,000 intervention · 6,250 staff). The $25 base rate matches the anchor contract ●; component depth and the descending tier schedule are the go-forward mega-district structure ◌. Every capability shown is priced in the original solicitation response, and the aggregate value of the full schedule is what determines the competitive method the district must use — see the procurement architecture below. The Agentic IEP family composes as IEP Companion $25 · IEP Management +$35 · IEP Writer +$25 — $85 per SPED child at full depth. Feature functions — SpedsterU, SDI Curriculum, professional development — attach by district choice.

Mapped to the mandate — and the money

Coverage across every IDEA part and the federal funding titles districts already budget against. The mapping matters twice: it proves the compliance surface is complete, and it means module spend aligns to federal streams — programming of this kind is commonly budgeted under Title II-A and Title III — making revenue resilient to local budget cycles.

AuthorityGoverns / fundsPlatform coverage
IDEA Part AGeneral provisions & definitionsThe definitional foundation every workspace runs on — embedded across the platform
IDEA Part B · §611FAPE, IEPs, Child Find, LRE, discipline protections (ages 3–21)Agentic IEP ● · Child Find & FIE ◌ · Behavior & TBSI ◌ · Transition ◌ · Discipline Ch. 37 ◌
IDEA Part B · §619Preschool special education, ages 3–5 (ECSE)Early Childhood workspace ◌
IDEA Part CBirth–2 early intervention — in Texas, ECI through HHSC-contracted local programsPart C→B transition intake ◌ within the Early Childhood workspace; the full ECI workspace is an adjacent market — some Texas districts hold ECI contracts
IDEA Part DPersonnel development & parent trainingSpedsterU ◐ (personnel) · IEP Parent Coach ● and the IPCCA certification (parent training — the consumer flank)
ESSA Title IDisadvantaged students & accelerated instructionMTSS-RTI ◌ · SDI Curriculum ◐ alignment
ESSA Title II, Part AEffective instruction & professional developmentSpedsterU ◐ · PD services — the stream districts commonly budget PD against
ESSA Title IIIEnglish learners & immigrant studentsAgentic EB ● — LPAC governance and EB compliance, live as LinguaLinks
Section 504 · ADA Title IINondiscrimination & accommodations in public entitiesAgentic 504 ◐

Marks per the house register: ● in production · ◐ built / inside the flagship · ◌ architected. Funding-stream alignment describes how districts commonly budget for programming of this kind ◌; it is not a representation of grant allowability for any particular purchase.

Procurement architecture

Compete once, scoped correctly — not compete less

This model does not reduce, defer, or work around a district's competitive procurement obligations, and it must never be presented as if it does. It consolidates what would otherwise be thirty separate, fragmented solicitations into one competition scoped to the whole platform at the outset. The obligation is met in full — earlier, and once.

The governing rule in Texas. Under Texas Education Code §44.031(a), district contracts for goods and services valued at $50,000 or more in the aggregate for each 12-month period must be made by one of the enumerated competitive methods — competitive bidding, competitive sealed proposals, a request for proposals, or an interlocal (cooperative) contract — whichever provides best value. The operative word is aggregate: the threshold is measured against the district's total annual commitment, not against any single module.

And the rule with teeth. Texas Education Code §44.032(b) makes it a criminal offense — a Class B misdemeanor involving moral turpitude — for a district officer, employee, or agent to make or authorize "separate, sequential, or component purchases" in order to avoid §44.031. A court may enjoin performance of a contract made in violation, and any interested party may bring that action. Sequential module activation used to keep a district under a competitive threshold is precisely the conduct that statute prohibits. That is not this model, and no Agentic Learning material should ever imply otherwise.

What makes activation lawful is entirely front-loaded. Later activations are permissible contract administration only when the capability being activated was inside the scope the district actually competed. That requires the solicitation to enumerate the full platform, the response to publish a rate for every module, and the district to evaluate and award against the aggregate annual value of the whole schedule. Get that right at the front, and activation is an exercise of a competed option. Get it wrong, and a later activation is an uncompeted purchase — a materially different thing, and the district's exposure, not only the vendor's.

RequirementWhat the district must doWhat Agentic Learning provides
Scope the competition to the platformEnumerate every workspace the district may want during the term in the solicitation itselfA standard scope-of-services exhibit listing all capabilities, so nothing needed later sits outside what was competed
Evaluate against aggregate valueDetermine the competitive method against total annual value including all options — never against the entry module aloneA published aggregate maximum annual value and full price schedule in the response
Price everything at awardEnsure no future rate is negotiated outside the competitionEvery module rate, ladder discount, term discount, service fee, and usage rate fixed in the awarded schedule
Avoid material changeRun a new competition for anything genuinely outside the awarded scopePlain identification of what is inside the awarded scope and what is not — and a recommendation to re-compete when it isn't
Honor multi-year limitsInclude non-appropriation / funding-out terms; a board cannot obligate future years' funds absolutelyAnnual non-appropriation language standard in every multi-year term
Federal fund conditionsWhere IDEA or Title funds are used, follow 2 CFR §§200.317–200.327, including cost or price analysis on modifications above the simplified acquisition thresholdDocumentation package supporting the district's cost/price analysis and procurement file
Cooperative purchasingWhere used, verify the cooperative's own competition covered this scope — an interlocal contract is a permitted method under §44.031(a)(4)Awarded cooperative schedules where available, with scope documentation

What consolidation actually saves

The savings below come from running one properly scoped competition instead of thirty — not from running fewer competitions than the law requires. They are administrative, and they accrue to the district.

District administrative cost ◌Thirty separate solicitationsOne platform competitionDifference
Solicitation cyclesThirty specifications, evaluation committees, legal reviews, and board actionsOne — scoped to the full platform at the outset$38,000 each
Integration & data pipelineA new SIS connection, SSO, and rostering build per systemBuilt once; the file is already resident$28,000 each
Training & onboardingA separate interface and workflow to teach per systemSame platform, same sign-on, same conventions$9,000 each
Vendor managementThirty contract files, DPAs, security reviews, renewal cyclesOne relationship$12,000 / yr each
Data reconciliationReconciling students and outcomes across systems that disagreeOne record — nothing to reconcile$6,000 / yr each
A twelve-workspace district
$1.77M

Administrative cost avoided across five years by consolidating eleven additional solicitations into the original competition — plus $198,000 a year in duplicated vendor management and reconciliation.

Full compliance map · 30 capabilities
$4.67M

$2.06M one-time and $522,000 a year — roughly seven teaching positions, returned to instruction rather than to administering twenty-nine parallel contracts.

Time to capability
Days, not terms

Once a capability is inside the awarded scope, standing it up is configuration rather than a fresh solicitation cycle — often the difference of a full school year in a child's life.

Why the statute favors this on the merits. Texas Education Code §44.031(b) directs districts to award on best value, and names among the criteria the extent to which the goods or services meet the district's needs and the total long-term cost to the district. A single platform that covers the full compliance surface, carries one integration, and holds one record is a straightforward best-value argument — made inside the competition, on the record, where it belongs.

And the mission arithmetic still holds. Every dollar spent administering duplicate contracts is a dollar that never reaches a child with a disability. The answer is not less competition. It is one competition, scoped well enough that the district never has to run twenty-nine more.

Not legal advice ◌ — administrative cost figures are planning estimates consistent with published public-sector benchmarks and vary by district, jurisdiction, and purchasing vehicle; savings accrue to the district and are not revenue to Agentic Learning. Statutory references are provided for orientation only. Procurement requirements differ by jurisdiction and funding source, and every solicitation, scope exhibit, and multi-year term should be reviewed by the district's own counsel and purchasing officials before award.

The five-year simulation ◌

One anchor, natural growth, and a consumer flank

Starting from the HISD anchor at negotiated terms, adding new districts at a natural-growth pace on the activation ladder (3 · 6 · 10 · 14 per year), with Sammy launching September 2026. Every figure below is a planning scenario on adjustable assumptions — not a forecast.

Revenue by line, SY2026-27 → SY2030-31

$ millions · stacked · simulation output ◌
HISD anchor Expansion cohorts Sammy consumer Teacher + parent lines
$10M $20M $30M $40M $50M $60M $2.4M $6.9M $16.3M $34.8M $61.6M SY26-27 SY27-28 SY28-29 SY29-30 SY30-31
Revenue line ◌SY26-27SY27-28SY28-29SY29-30SY30-31
HISD anchor ●→◌$1.85M$3.59M$5.61M$8.62M$10.97M
Expansion cohorts (activation ladder)$1.55M$6.22M$16.87M$34.30M
Enterprise subtotal$1.85M$5.14M$11.83M$25.48M$45.27M
Sammy consumer (HeySammy.ai)$0.35M$1.38M$3.62M$7.76M$13.80M
Teacher licenses ($49/yr)$0.05M$0.17M$0.42M$0.91M$1.72M
Parent & advocacy$0.15M$0.25M$0.40M$0.60M$0.85M
Consumer subtotal$0.54M$1.80M$4.44M$9.27M$16.37M
Total revenue$2.39M$6.94M$16.27M$34.75M$61.63M
Districts on platform14102034
SPED students under management28,64538,02156,76388,240132,828
Activation share of enterprise revenue61%81%87%91%92%
Net revenue retention · existing districtsn/a252%210%200%167%

Cumulative five-year revenue: $122M ◌. With the full compliance map switchable, enterprise carries every year and expansion cohorts become the largest single line by SY29-30. Net revenue retention above 200% in the middle years reflects the anchor and early vintages activating many workspaces at once; it settles toward 167% as the base matures. The per-module attach curve is the assumption to stress-test hardest — it is the single largest driver of every figure above.

Unit economics ◌

What one district becomes on the ladder

An average expansion district (3,000 SPED students) lands at ~$160K — IEP Companion plus the component depth that attaches in year one. As the compliance map switches on, the same account grows to ~$594K by age five — 3.7× the land — with zero incremental acquisition cost.

Revenue per average district, by district age

Year-1 dollars · attach-curve output · simulation ◌
$160K $337K $460K $541K $594K Age 1 · 1.00× Age 2 · 2.11× Age 3 · 2.88× Age 4 · 3.39× Age 5 · 3.72×

The renewal pitch writes itself. By the time an initial term ends, the district has five or six active workspaces, years of integrated workflow, and a staff trained on one platform. Renewal is the extension of an operating dependency — the strongest position in enterprise software.

The consumer flank

Sammy works the market the enterprise motion can't reach

While the enterprise motion sells governed intelligence to districts, Sammy — the consumer companion at HeySammy.ai — enters through the family. She launches September 2026 with the PAIRED ownership mechanic, serving ages 8 to 82 at $12.99/month for a first child, $8.99 for a sibling, and $4.99 for a student plan. Teachers seed the bottom-up motion at $49 a year; the parent and advocacy lines (IEP Parent Coach, the IPCCA certification, ENOUGH!) build the family-side brand.

The flank matters to the land-and-expand model for one reason: it generates warm district pipeline. Families and teachers who know the brand pull the platform into buildings — demand signal flowing upward into the enterprise motion, while district deployments lend the consumer brand institutional credibility flowing back down.

Assumptions & register

What this simulation is — and is not

The model behind this document is a live, driver-based workbook. Its key levers: new districts per year (3 · 6 · 10 · 14), average district size (3,000 SPED students, population ratios derived from HISD's actuals), the per-module attach curve across all thirty capabilities, the ladder discounts, a 3% price escalator, a 1% enrollment true-up, and a middle-of-the-road Sammy curve at $11.50 blended monthly ARPU. Move any lever and the simulation re-runs.

Register, plainly: the HISD production metrics and Year-1 revenue reconciliation are — real, live, at negotiated terms. Module workspaces carry their build marks. Every forward figure in this document is — a planning scenario on adjustable assumptions, not a prediction, a forecast of results, or a claim about future performance. Principal risks: district sales cycles and budget timing, module attach pace, consumer acquisition economics, and the execution demands of concurrent enterprise and consumer motions.

Agentic Learning Holding Company · Hulett & Sheffield Consulting Services LLC d/b/a Spedster
Prepared by Dr. Kurt Hulett — Former Special Education Teacher · 2022 CEC Thought Leader · Founder & CEO Spedster · Author, Legal Aspects of Special Education (Pearson)
This document is an illustrative planning scenario prepared for discussion purposes. It is not an offer to sell, or a solicitation of an offer to buy, any security; any such offer would be made only through definitive documentation. Figures marked ◌ are modeled on adjustable assumptions and are not forecasts, projections of results, or claims about future performance. HISD figures marked ● reflect a production deployment at negotiated terms. Nothing herein is legal advice. Competitive procurement requirements vary by jurisdiction and funding source; this model depends on the full platform scope and aggregate value being competed in the original solicitation, and it neither contemplates nor supports separate, sequential, or component purchases made to avoid a competitive threshold. Districts should rely on their own counsel and purchasing officials. The platform's reasoning stack is referred to herein only as the Agentic Learning Algo. © 2026 Agentic Learning Holding Company. All rights reserved.