KinderCare Learning Companies, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data KinderCare Learning Companies, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
FY2025
Revenue
2,166
2,510
2,663
2,733
Cost of revenue
1,425
1,824
2,033
2,128
Gross profit
741
686
631
605
Selling, general and administrative
248
288
423
297
Operating income
389
275
79.3
-20.1
Interest expense
101
153
171
84
Interest income
2.97
6.14
7.37
Other non-operating income
-3.22
1.39
5.62
5.86
Pre-tax income
288
130
-78.2
-93.3
Income tax
68.6
27.4
14.6
19.5
Net income
219
103
-92.8
-113
EBITDA
478
384
197
104
EPS, basic
2.35
1.13
-0.96
-0.95
EPS, diluted
2.35
1.13
-0.96
-0.95
Shares, basic (weighted)
93.4
90.4
96.3
118
Shares, diluted (weighted)
93.5
90.4
96.3
118
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
105
156
62.3
133
Receivables
88.1
104
119
Other current assets
3.82
4.53
3.06
Total current assets
283
215
358
Property, plant and equipment
396
419
418
Lease right-of-use assets
1,352
1,373
1,501
Goodwill
1,103
1,111
1,120
965
Intangible assets
439
430
421
Other non-current assets
72.6
89.6
85.5
Total assets
3,653
3,645
3,748
Accounts payable
50.6
45.3
48.9
Accrued liabilities
78.9
69.6
88.7
Deferred revenue
25.8
26.4
49.6
Short-term debt
13.3
7.25
9.62
Total current liabilities
427
413
485
Long-term debt
1,237
919
918
Lease liabilities
1,302
1,316
1,448
Other non-current liabilities
120
103
107
Total liabilities
3,146
2,781
2,993
Total debt
1,250
926
928
Paid-in capital
383
830
841
Retained earnings
123
30.3
-82.6
Other comprehensive income
-0.31
2.7
-4.6
Shareholders' equity
408
507
865
755
Total equity
408
507
865
755
Total liabilities and equity
3,653
3,645
3,748
Shares outstanding
90.4
118
118
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
219
103
-92.8
-113
Depreciation and amortization
88.5
109
118
124
Stock-based compensation
9.87
12.6
144
11.8
Deferred income tax
26.4
-17.2
-29.8
7.27
Change in receivables
4.45
-18.1
-16.3
-14.2
Change in payables
-2.35
-1.32
-8.79
4.33
Cash from operations
342
304
116
239
Capital expenditures
-139
-129
-132
-128
Acquisitions
-158
-10.2
-10.9
-23.1
Purchases of investments
-4.99
-6.77
-8.7
-7.5
Cash from investing
-300
-118
-147
-154
Debt issued
1,259
264
0
Share buybacks
-72.7
Cash from financing
-118
-135
-62.6
-13.3
Net change in cash
-75.8
50.9
-94
70.9
Free cash flow
202
174
-16.4
110
Interest paid
96.1
139
126
83.1
Income taxes paid
70.5
29.4
47.7
15.2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to July 4, 2026; growth uses fiscal years. Valuation uses the share price of $2.12 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
19.2%
Gross profit / revenue.
Operating margin
-14.9%
Operating income / revenue.
EBITDA margin
-10.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-17.4%
Pre-tax income / revenue.
Net margin
-17.2%
Net income / revenue.
FCF margin
3.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
7.7%
Cash from operations / revenue.
Return on equity (ROE)
-101.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-13.8%
Net income / average total assets.
Return on invested capital (ROIC)
-26.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
10.6%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
4.7%
Capital expenditures / revenue.
D&A / revenue
4.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
2.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
8.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-4.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-6.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-125.3%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-47.2%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
-39.9%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
105.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-11.3%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 3y
-18.3%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-12.6%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
22.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
2.8%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
22.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
8.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.75x
Current assets / current liabilities.
Quick ratio
0.63x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.38x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.99x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
27.2%
Total debt / total assets.
Liabilities / assets
86.3%
Total liabilities / total assets.
Net debt
$752.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$3.97
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$23.02
Revenue / diluted weighted shares.
FCF per share
$0.68
Free cash flow / diluted weighted shares.
Operating cash flow per share
$1.76
Cash from operations / diluted weighted shares.
Book value per share
$3.93
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.09x
Market cap / revenue.
P/B
0.54x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
3.10x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
1.20x
Market cap / cash from operations, when positive.
EV/Sales
0.37x
Enterprise value / revenue.
EV/FCF
12.4x
Enterprise value / free cash flow, when both are positive.
FCF yield
32.2%
Free cash flow / market cap.
Earnings yield
-187.5%
Net income / market cap (the inverse of P/E).
What was KinderCare Learning Companies, Inc.'s revenue in fiscal 2025?
KinderCare Learning Companies, Inc. reported revenue of $2.73B for fiscal 2025, 2.6% higher than the year before.
Was KinderCare Learning Companies, Inc. profitable in fiscal 2025?
No. It reported a net loss of $112.9M.
How much free cash flow did KinderCare Learning Companies, Inc. generate in fiscal 2025?
Cash from operations of $238.5M minus capital expenditures of $128.3M left free cash flow of $110.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.