Kindercare Learning Companies Inc
kc-learning.comWhat Do They Do?
Provides early childhood education and child care, before- and after-school programs, and employer-sponsored care benefits to families, schools and districts, and employers.
10-K for FY2025, filed Mar 13, 2026KinderCare Learning Companies, Inc. (the "Company," "KinderCare," "we," "us" and "our") is a leading private provider of high-quality early…View ↗
We operate a national network of community-based centers, employer-sponsored programs and before- and after-school sites. Our proprietary…View ↗
Champions is a leading private provider of before- and after-school programs for children ages 5-12 in the United States, which also…View ↗
Additionally, we provide customized family care benefits for organizations, including care for young children on or near the site where…View ↗
How Do They Make Money?
Families pay tuition for child care and enrichment, usually in advance weekly or monthly; government agencies and employer sponsors may pay or supplement tuition after care is provided. Employers also pay management fees for operating their centers, earned as services are provided.
10-K for FY2025, filed Mar 13, 2026Revenue Recognition—The Company’s revenue is derived primarily from tuition charged for providing early childhood education and care…View ↗
The Company enters into contracts with employer sponsors to manage and operate their early childhood education and care centers for a…View ↗
The Company records deferred revenue when payments are received or due in advance of the Company’s performance under the contract, which is…View ↗
$2.7B
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10-K for FY2025, filed Mar 13, 2026
$2.7B ↗
Who Are Their Customers?
Families enroll children in centers and programs; schools and districts contract for before- and after-school services, and employers arrange onsite centers and family-care benefits for employees.
10-K for FY2025, filed Mar 13, 2026Champions is a leading private provider of before- and after-school programs for children ages 5-12 in the United States, which also…View ↗
Additionally, we provide customized family care benefits for organizations, including care for young children on or near the site where…View ↗
As of January 3, 2026, we operated 77 onsite employer-sponsored centers and had relationships with over 1,000 employers. Our ability to…View ↗
Supporting services adjacent to our ECE business provides diversification and drives incremental revenue. Our business-to-business…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $112.9M in FY2025, but brought in more cash than it spent: $110.3M of free cash flow.
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$8.8MView ↗
- ▼ Now a loss
- vs $38.6M in Q2 FY2025
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Aug 13, 2026
Updated its full-year outlook
Revenue is expected at approximately $2.66 billion to $2.70 billion, adjusted EBITDA at $200 million to $220 million, and adjusted diluted earnings per share at $0.05 to $0.15.
Sources
8-K, filed Aug 13, 2026
Based on current trends and outlook, the Company is updating its guidance ranges for the full year 2026. Revenue is now expected to be…View ↗
Growing. Revenue grew 26% in 4 years, from $2.2B in FY2022 to $2.7B in FY2025, about 6% a year.
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