Business Wire·Mar 12, 2026, 4:10 PM ET

KinderCare Reports Fourth Quarter 2025 Financial Results

KLC

KinderCare Learning Companies reported Q4 2025 revenue of $688.1 million & a net loss of $177.2 million, while full-year 2025 revenue reached $2,733.3 million with a net loss of $112.9 million.
Fiscal year 2025 consisted of 53 weeks, resulting in a 14-week Q4 compared to 13 weeks in the prior year, which contributed an additional $45.1 million in revenue.
Q4 2025 operations showed a loss of $163.9 million driven by $193.6 million in impairment losses on goodwill & long-lived assets due to declining stock prices.
Non-GAAP adjusted EBITDA for Q4 2025 was $67.7 million, with adjusted net income of $14.2 million, while full-year 2025 adjusted EBITDA was $300.1 million & adjusted net income was $82.5 million.
The company operates 1,601 early childhood education centers & 1,153 before- and after-school sites as of January 3, 2026.
Management provided full-year 2026 guidance projecting revenue of $2.70 billion to $2.75 billion, adjusted EBITDA of $210 million to $230 million, & adjusted net income per share of $0.10 to $0.20.
Fiscal year 2026 is expected to have 52 weeks, one week fewer than the 53 weeks in fiscal year 2025.
As of January 3, 2026, the company held $133.2 million in cash, $189.7 million in available borrowing capacity, & total debt of $927.5 million.
CEO Tom Wyatt stated the 2026 strategy focuses on executing better center-by-center, scaling successful practices, & growing through new openings & partnerships.
Q4 2025 revenue growth was primarily attributed to the 14th week, though enrollment-based revenue decreased 3.6% partially offset by a 2.0% increase in tuition rates.