newsfilter
← Latest News
Business Wire·

KinderCare Reports First Quarter 2026 Financial Results

KLC
  • KinderCare Learning Companies reported first quarter 2026 revenue of $672.5 million, a 0.6% increase from the prior year.
  • The company reported a net loss of $289.8 million, or $2.45 per diluted share, compared to a net income of $21.2 million in the same period last year.
  • Loss from operations was $272.1 million, driven primarily by a $290.0 million increase in impairment losses due to goodwill impairment triggered by a decline in stock price.
  • Adjusted EBITDA for the quarter was $52.1 million, while adjusted net income was $4.2 million, or $0.04 per diluted share.
  • Revenue from before- and after-school sites increased by 17.1% to reflect new site openings and higher tuition rates, whereas revenue from early childhood education centers decreased by 0.8% due to lower enrollment.
  • The company raised its full-year 2026 outlook, projecting revenue between $2.7 billion and $2.75 billion, with adjusted EBITDA expected between $215 million and $235 million.
  • As of April 4, 2026, KinderCare operated 1,606 early childhood education centers and 1,159 before- and after-school sites across 41 states and the District of Columbia.
  • The company held $132.9 million in cash and cash equivalents with $189.7 million in available borrowing capacity under its revolving credit facility.
  • Total debt under the first lien term loan facility stood at $926.6 million, net of debt issuance costs.
  • Management attributed early year progress to strength in Champions and B2B businesses, increased family engagement, and improved marketing execution.