KLCNYSEServices-Child Day Care ServicesUS GAAP · USD

KinderCare Learning Companies, Inc.

KinderCare Learning Companies runs a large U.S. network of early childhood education centers and before- and after-school programs for children from six weeks to 12 years old. Its model combines center-based tuition, employer-sponsored child care, tuition benefits programs, and government-supported funding streams to serve working families and employers across the United States.

Kysy yhtiöstä
Liikevaihto2 733milj. USD
+0,0 %v/v
Liikevoitto (EBIT)−20,1milj. USD
+0,0 %v/v
EBIT-marginaali−0,7%
+0,0 %-yks.v/v
Nettotulos−113milj. USD
+0,0 %v/v
Vapaa kassavirta110milj. USD
+0,0 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2022–2026

−1 00001 0002 0003 000milj. USD2022: 2 166 milj. USD2022: EBIT 389 milj. USD20222023: 2 510 milj. USD2023: EBIT 275 milj. USD20232024: 2 663 milj. USD2024: EBIT 79 milj. USD20242025: 2 733 milj. USD2025: EBIT −20 milj. USD20252026: 2 733 milj. USD2026: EBIT −20 milj. USD20262 733−20
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: KinderCare Learning Companies, Inc.

Liiketoiminta

Osuus liikevaihdosta
Early Childhood Education Centers88 %

Center-based child care and early learning programs for children from six weeks to pre-K age.

Before- and After-School Programs12 %

School-age care at elementary schools and related sites, including seasonal camp offerings.

Employer-Sponsored Child Care0 %

B2B child care solutions and tuition benefits programs sold through employer relationships.

Government-Supported Funding Services0 %

Programs and administrative support tied to public subsidies, food reimbursements, and grants.

Tuotteet

Raportoitu · osuus liikevaihdosta
92,1%FY2026100 %
  • Early Childhood Education Centers92,1 %
  • Before and After School Sites7,9 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The core customers are parents and families seeking reliable child care and early education, with demand driven by convenience, quality, and access to subsidies. A growing B2B customer base includes employers that sponsor child care or tuition benefits to support employee retention and workforce participation. The company also depends indirectly on federal, state, and local agencies that fund subsidies, food programs, and operating grants.

Families and parents

Buy center-based child care and early learning for children from six weeks to 12 years old because they need dependable daily care and education.

Employer-sponsored clients

Buy tuition benefits programs and employer-sponsored centers to help employees access child care and improve retention.

Public subsidy users

Families using federal, state, and local subsidies to reduce out-of-pocket child care costs.

School-age program partners

Elementary schools and districts hosting before- and after-school programs to extend care coverage.

Strategia

Management is focused on improving occupancy, supporting regular tuition increases, and expanding the footprint through greenfield openings and acquisitions. It is also diversifying into adjacent revenue streams such as employer-sponsored offerings and before- and after-school programs while maintaining quality and integration discipline. Government advocacy and subsidy access are important strategic levers because they support affordability and enrollment in the core ECE model.

Improve occupancy across the center portfolioLyhyt aikaväli

Higher occupancy increases revenue density and operating leverage because fixed center costs are spread over more children.

Expand footprint through greenfield development and acquisitionsKeskipitkä aikaväli

Growth depends on adding centers and sites in a fragmented market where scale can improve reach and profitability.

Grow B2B and adjacent revenue streamsKeskipitkä aikaväli

Employer-sponsored child care and tuition benefits diversify revenue beyond direct family tuition and deepen customer relationships.

Maantiede

KinderCare is overwhelmingly a U.S. business, with centers and before- and after-school sites in 41 states and the District of Columbia. Its operating footprint is national rather than international, so performance is shaped by U.S. labor markets, state subsidy programs, and local child care demand. The company’s exposure is concentrated in the United States, including sensitivity to federal funding disruptions and state-level reimbursement policies.

Riskit

The business is exposed to government funding and subsidy disruptions because many families rely on public support to afford care and some operating costs are reimbursed by public programs. It also faces seasonality, occupancy volatility, labor intensity, and integration risk from acquisitions, all of which can pressure margins and comparability. As a child care operator, it is additionally exposed to regulatory, reimbursement, and goodwill impairment risk if market conditions or share price weakness persist.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Occupancy and pricing execution1Disruption to federally funded childcare subsidies and tuition reimbursements2Goodwill impairment3Seasonal demand fluctuations4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Occupancy and pricing executionVaikutus: KorkeaTodennäköisyys: Korkea

    The model depends on filling centers and sustaining tuition increases; weaker enrollment or pricing power would pressure margins.

    Kohdistuu: Center-level profitability and operating leverage

  2. Disruption to federally funded childcare subsidies and tuition reimbursementsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A portion of revenue and operating support depends on federal, state, and local programs that can be delayed or curtailed during government shutdowns.

    KohdistuuEnrollmentTuition revenueOperating cost reimbursements
  3. Goodwill impairmentVaikutus: KeskitasoTodennäköisyys: Korkea

    Management noted a decline in share price and performed an interim impairment assessment; further deterioration could trigger charges.

    Kohdistuu: Reported earnings and balance sheet carrying values

  4. Seasonal demand fluctuationsVaikutus: KeskitasoTodennäköisyys: Matala

    Enrollment is typically higher in spring and back-to-school periods and lower in summer and year-end holidays, creating quarterly volatility.

    Kohdistuu: Third-quarter revenue and site utilization

Kysy Clarifolta: KinderCare Learning Companies, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition tied to enrollment and tuition pricing

Revenue changes with occupancy, tuition increases, and the mix of children by age, which affects comparability across periods.

Vaikutus: Quarterly revenue can move with enrollment and seasonal demand

Seasonality

Summer and year-end holidays typically reduce enrollment at centers and before/after-school sites.

Vaikutus: Third-quarter revenue and margins may be structurally weaker

Goodwill impairment testing

Management performed an interim assessment after share price declines; future charges depend on discount rates, market cap, and operating performance.

Vaikutus: Potential non-cash earnings volatility

Contractual obligations and cancellation penalties

Service arrangements and cancellation penalties create future cash commitments that must be estimated and disclosed.

Vaikutus: Affects liquidity planning and cash flow visibility

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Päivitetty: 24.9.2026

KinderCare Learning Companies, Inc. (KLC) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo