Earnings Releases·Nov 12, 2026, 4:15 PM ET

KinderCare Learning Companies — Third Quarter 2026 Earnings Summary

Total revenue decreased 1.7% year-over-year to $665.3 million, driven by a 5.9% enrollment decline in early childhood education centers, while before- and after-school revenue rose 16.4% to $8.2 million; adjusted EBITDA fell 35.9% to $42.5 million.
The company reported a net loss of $85.0 million ($0.71 per share) compared to net income of $4.6 million ($0.04 per share) in the prior year, with impairment losses totaling $86.755 million primarily due to goodwill and long-lived asset write-downs.
Full-year 2026 guidance was updated to revenue of $2.64–$2.66 billion, adjusted EBITDA of $190–$195 million, and adjusted net income per share of $0.02–$0.04.
Strategic optimization efforts included closing 20 underperforming early childhood centers, while management cited strong results in the Champions program and progress at the Crème brand as foundations for 2027.