KLC on NYSE
KinderCare Learning Companies, Inc.
American child day care services company, incorporated in Delaware. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerKLC on NYSE1
- IndustryServices-Child Day Care Services1
- HeadquartersLake Oswego, Oregon1
- Incorporated inDE3
- Business address5005 Meadows Road, Lake Oswego, Or 970353
- Filer categoryAccelerated filer3
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KinderCare Learning Companies, Inc. (the "Company," "KinderCare," "we," "us" and "our") is a leading private provider of high-quality early education and child care services ("ECE") in the United States. We are a mission-driven organization, rooted in a commitment to providing all children with the very best start in life. We serve children ranging from six weeks to 12 years of age across our footprint.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
-0.7%Operating margin2
-4.1%Net margin2
-14.9%Return on equity2
1.22×Debt to equity2
$110.3MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Early Childhood Education Centers brought in 67% of the revenue KinderCare Learning Companies, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Early Childhood Education Centers | $2.3B | $2.5B | $2.5B |
| Subsidy Revenue | $795.9M | $942.1M | $1.0B |
| Before And After School Sites | $165.1M | $196.8M | $215.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Selling, general and admin11¢$297.2M
- Other costs88¢$2.4B
- Income tax1¢$19.5M
Out of $2.7B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending54¢$128.3M
- Kept or used elsewhere46¢$110.3M
Out of $238.5M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.5B |
| Cost of services (excluding depreciation and impairment) | $2.1B | $2.0B | $1.8B |
| Depreciation and amortization | $124.0M | $117.6M | $109.0M |
| Selling, general, and administrative expenses | $297.2M | $423.1M | $288.0M |
| Impairment losses | $204.1M | $10.5M | $13.6M |
| Total costs and expenses | $2.8B | $2.6B | $2.2B |
| (Loss) income from operations | -$20.1M | $79.3M | $275.3M |
| Interest expense | $84.0M | $170.5M | $152.9M |
| Interest income | -$4.8M | -$7.4M | -$6.1M |
| Other income, net | -$5.9M | -$5.6M | -$1.4M |
| (Loss) income before income taxes | -$93.3M | -$78.2M | $129.9M |
| Income tax expense | $19.5M | $14.6M | $27.4M |
| Net (loss) income | -$112.9M | -$92.8M | $102.6M |
| Change in net (losses) gains on cash flow hedges | -$7.3M | $3.0M | $1.7M |
| Total comprehensive (loss) income | -$120.2M | -$89.8M | $104.3M |
| Basic | -$0.95 | -$0.96 | $1.13 |
| Diluted | -$0.95 | -$0.96 | $1.13 |
| Basic | 118.3M shares | 96.3M shares | 90.4M shares |
| Diluted | 118.3M shares | 96.3M shares | 90.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $133.2M | $62.3M | $156.1M | ||
| Accounts receivable, net | $118.5M | $104.3M | |||
| Prepaid expenses and other current assets | $106.3M | $48.1M | |||
| Total current assets | $358.0M | $214.8M | |||
| Property and equipment, net of accumulated depreciation | $417.8M | $418.5M | |||
| Goodwill | $964.8M | $1.1B | $1.1B | ||
| Intangible assets, net of accumulated amortization | $420.9M | $429.8M | |||
| Operating lease right-of-use assets | $1.5B | $1.4B | |||
| Other assets | $85.5M | $89.6M | |||
| Total assets | $3.7B | $3.6B | |||
| Accounts payable and accrued liabilities | $163.3M | $152.7M | |||
| Related party payables | $0 | $119.0K | |||
| Current portion of long-term debt | $9.6M | $7.3M | |||
| Operating lease liabilities-current | $146.6M | $144.9M | |||
| Deferred revenue | $49.6M | $26.4M | |||
| Other current liabilities | $115.8M | $81.4M | |||
| Total current liabilities | $484.9M | $412.8M | |||
| Long-term debt, net | $917.9M | $918.7M | |||
| Operating lease liabilities-long-term | $1.4B | $1.3B | |||
| Deferred income taxes, net | $35.5M | $30.9M | |||
| Other long-term liabilities | $106.9M | $103.0M | |||
| Total liabilities | $3.0B | $2.8B | |||
| Preferred stock, par value $0.01; 25,000,000 shares authorized; no shares issued and outstanding as of January 3, 2026 and December 28, 2024 | $0 | $0 | |||
| Common stock, par value $0.01; 750,000,000 shares authorized; 118,340,042 shares issued and outstanding as of January 3, 2026 and 117,984,749 shares issued and outstanding as of December 28, 2024 | $1.2M | $1.2M | |||
| Additional paid-in capital | $841.3M | $830.4M | |||
| Retained (deficit) earnings | -$82.6M | $30.3M | |||
| Accumulated other comprehensive (loss) income | -$4.6M | $2.7M | |||
| Total shareholders' equity | $755.3M | $864.5M | $506.9M | $407.7M | |
| Total liabilities and shareholders' equity | $3.7B | $3.6B | |||
| Preferred stock, par value | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 25.0M shares | 25.0M shares | 25.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common stock, shares authorized | 750.0M shares | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 118.3M shares | 118.0M shares | |||
| Common stock, shares outstanding | 118.3M shares | 118.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $133.2M | $62.3M | $156.1M | ||
| Accounts receivable, net | $118.5M | $104.3M | |||
| Prepaid expenses and other current assets | $106.3M | $48.1M | |||
| Total current assets | $358.0M | $214.8M | |||
| Property and equipment, net of accumulated depreciation | $417.8M | $418.5M | |||
| Goodwill | $964.8M | $1.1B | $1.1B | ||
| Intangible assets, net of accumulated amortization | $420.9M | $429.8M | |||
| Operating lease right-of-use assets | $1.5B | $1.4B | |||
| Other assets | $85.5M | $89.6M | |||
| Total assets | $3.7B | $3.6B | |||
| Accounts payable and accrued liabilities | $163.3M | $152.7M | |||
| Related party payables | $0 | $119.0K | |||
| Current portion of long-term debt | $9.6M | $7.3M | |||
| Operating lease liabilities-current | $146.6M | $144.9M | |||
| Deferred revenue | $49.6M | $26.4M | |||
| Other current liabilities | $115.8M | $81.4M | |||
| Total current liabilities | $484.9M | $412.8M | |||
| Long-term debt, net | $917.9M | $918.7M | |||
| Operating lease liabilities-long-term | $1.4B | $1.3B | |||
| Deferred income taxes, net | $35.5M | $30.9M | |||
| Other long-term liabilities | $106.9M | $103.0M | |||
| Total liabilities | $3.0B | $2.8B | |||
| Preferred stock, par value $0.01; 25,000,000 shares authorized; no shares issued and outstanding as of January 3, 2026 and December 28, 2024 | $0 | $0 | |||
| Common stock, par value $0.01; 750,000,000 shares authorized; 118,340,042 shares issued and outstanding as of January 3, 2026 and 117,984,749 shares issued and outstanding as of December 28, 2024 | $1.2M | $1.2M | |||
| Additional paid-in capital | $841.3M | $830.4M | |||
| Retained (deficit) earnings | -$82.6M | $30.3M | |||
| Accumulated other comprehensive (loss) income | -$4.6M | $2.7M | |||
| Total shareholders' equity | $755.3M | $864.5M | $506.9M | $407.7M | |
| Total liabilities and shareholders' equity | $3.7B | $3.6B | |||
| Preferred stock, par value | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 25.0M shares | 25.0M shares | 25.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common stock, shares authorized | 750.0M shares | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 118.3M shares | 118.0M shares | |||
| Common stock, shares outstanding | 118.3M shares | 118.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$112.9M | -$92.8M | $102.6M |
| Depreciation and amortization | $124.0M | $117.6M | $109.0M |
| Impairment losses | $204.1M | $10.5M | $13.6M |
| Change in deferred taxes | $7.3M | -$29.8M | -$17.4M |
| Loss on extinguishment of long-term debt, net | $5.4M | $25.7M | $4.0M |
| Loss on extinguishment of indebtedness to related party | $0 | $0 | $472.0K |
| Amortization of debt issuance costs | $6.1M | $6.8M | $8.5M |
| Stock-based compensation | $11.8M | $144.1M | $12.6M |
| Realized and unrealized gains from investments held in deferred compensation asset trusts | -$3.1M | -$2.2M | -$3.0M |
| (Gain) loss on disposal of property and equipment | -$205.0K | -$2.8M | $2.2M |
| Accounts receivable | -$14.2M | -$16.3M | -$18.1M |
| Prepaid expenses and other current assets | -$60.1M | -$6.5M | $22.1M |
| Other assets | $7.9M | -$1.6M | -$1.3M |
| Accounts payable and accrued liabilities | $4.3M | -$8.8M | -$1.3M |
| Leases | $2.3M | $1.1M | $1.1M |
| Deferred revenue | $23.0M | $569.0K | $633.0K |
| Other current liabilities | $31.7M | -$14.6M | $20.6M |
| Other long-term liabilities | $1.3M | -$15.0M | $49.2M |
| Related party payables | -$119.0K | $119.0K | -$1.7M |
| Cash provided by operating activities | $238.5M | $115.9M | $303.5M |
| Purchases of property and equipment | -$128.3M | -$132.3M | -$129.0M |
| Payments for acquisitions, net of cash acquired | -$23.1M | -$10.9M | -$10.2M |
| Proceeds from the disposal of property and equipment | $293.0K | $2.9M | $906.0K |
| Investments in deferred compensation asset trusts | -$7.5M | -$8.7M | -$6.8M |
| Proceeds from deferred compensation asset trust redemptions | $4.2M | $1.8M | $1.6M |
| Proceeds from sale and leaseback, net of transaction costs | $0 | $0 | $25.9M |
| Cash used in investing activities | -$154.4M | -$147.2M | -$117.7M |
| Proceeds from initial public offering, net of underwriting discounts | $0 | $626.0M | $0 |
| Payments of deferred offering costs | -$275.0K | -$9.6M | $0 |
| Distribution to parent | $0 | -$320.0M | $0 |
| Proceeds from issuance of long-term debt | $0 | $264.3M | $1.3B |
| Repayment of long-term debt | $0 | -$608.0M | -$1.3B |
| Repayment of indebtedness to related party | $0 | -$56.3M | |
| Principal payments of long-term debt | -$9.6M | -$11.9M | -$6.3M |
| Payments of debt issuance costs | -$317.0K | -$1.2M | -$7.3M |
| Repayments of promissory notes | -$354.0K | -$421.0K | -$951.0K |
| Payments of financing lease obligations | -$1.2M | -$1.6M | -$1.7M |
| Tax payments related to net settlement of restricted stock units | -$1.5M | -$224.0K | $0 |
| Payments of contingent consideration for acquisitions | $0 | $0 | -$10.2M |
| Cash used in financing activities | -$13.2M | -$62.6M | -$134.9M |
| Net change in cash, cash equivalents, and restricted cash | $70.9M | -$94.0M | $50.9M |
| Cash paid for interest | $83.1M | $126.3M | $138.9M |
| Cash paid for income taxes, net of refunds | $15.2M | $47.7M | $29.4M |
| Cash paid for amounts included in the measurement of operating lease liabilities | $308.3M | $292.9M | $284.1M |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $303.8M | $181.6M | $99.1M |
| Reclassification of liability-classified stock options and restricted stock units to equity-classified | $0 | $12.9M | $0 |
| Deferred cloud computing implementation costs included in accounts payable | $127.0K | $6.2M | $0 |
| Reclassification of equity-classified stock options and restricted stock units to liability-classified | $0 | $0 | $6.8M |
| Property and equipment additions included in accounts payable and accrued liabilities | $11.8M | $5.7M | $3.2M |
| Finance lease right-of-use assets obtained in exchange for finance lease liabilities | $1.0M | $110.0K | $3.1M |
| Reductions to finance lease right-of-use assets resulting from reductions to finance lease liabilities | $1.3M | $0 | $512.0K |
| Adjustment to tax impact of initial public offering costs | $548.0K | $0 | $0 |
| Deferred offering costs included in accounts payable and accrued liabilities | $0 | $275.0K | $0 |
| Measurement period and other adjustments to reduce contingent consideration payable | $0 | $0 | $38.0K |
| Contingent consideration payable for acquisitions | $1.6M | $0 | $0 |
No quarter-by-quarter statement was filed.
Compare KinderCare Learning Companies, Inc. with another company
Leadership
Who has led KinderCare Learning Companies, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerJohn T. Wyatt Feb 25, 2026 to now8
- Chief financial officerAnthony Michael Amandi Oct 9, 2024 to now9
- Chief operating officerLindsay Curley Sorhondo Nov 14, 2025 to now10
Board members and other officers (10)
- Chief People OfficerJessica Harrah Oct 9, 2024 to now11
- Board memberDavid Michael Barse Aug 5, 2026 to now12
- Board memberAlyssa Sue Waxenberg Oct 9, 2024 to now13
- Board memberBenjamin Harvey Russell Jr. Oct 9, 2024 to Oct 9, 202414
- Board memberChristine Deputy Oct 9, 2024 to now15
- Board memberJean S. Desravines Oct 9, 2024 to now16
- Board memberJoel Todd Schwartz Oct 9, 2024 to Oct 9, 202417
- Board memberJohn T. Wyatt Oct 9, 2024 to now18
- Board memberMichael Nuzzo Oct 9, 2024 to now19
- Board memberPreston Grasty Oct 9, 2024 to Oct 9, 202420
Former names
- KC Holdco, LLCAug 16, 2021 to Nov 8, 20213
Timeline
- Feb 25, 2026New chief executive John T. Wyatt becomes CEO8
Filings
121 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 21 major events, 63 insider forms, 1 large holders, 28 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Aug 14, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20263 EDGAR
- Aug 4, 20268-K EDGAR
- Jun 24, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 5, 20268-K EDGAR
- May 14, 2026S-8 EDGAR
- May 14, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- Apr 20, 2026ARS EDGAR
The 121 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 19, 2026 | Nuzzo MichaelDirector | Buy | 25,000 | $2.22 | $55.5K | Form 4 |
| Mar 18, 2026 | Wyatt John T.Chief Executive Officer | Buy | 275,000 | $2.07 | $569.2K | Form 4 |
| Mar 17, 2026 | Wyatt John T.Chief Executive Officer | Buy | 219,118 | $1.96 | $429.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Partners Group Holding AGSCHEDULE 13G, 1 filing Feb 14, 202521
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Partners Group Holding AG | 81,418,736 | $346.0M | 23.6% | No change |
| American Century Companies Inc | 5,711,103 | $24.3M | 0.0% | +573,432 |
| Silver Point Capital L.P. | 5,105,000 | $21.7M | 2.2% | +2,325,000 |
| BlackRock, Inc. | 2,214,886 | $9.4M | 0.0% | +94,662 |
| Aqr Capital Management LLC | 1,939,625 | $8.2M | 0.0% | +1,182,813 |
| Millennium Management LLC | 1,769,374 | $7.5M | 0.0% | +270,789 |
| Vanguard Capital Management LLC | 1,337,350 | $5.7M | 0.0% | −90,299 |
| D. E. Shaw & Co., Inc. | 1,096,024 | $4.7M | 0.0% | +394,591 |
| Point72 Asset Management, L.P. | 1,075,535 | $4.6M | 0.0% | +950,291 |
| Geode Capital Management, LLC | 815,750 | $3.5M | 0.0% | +60,593 |
| State Street Corp | 633,446 | $2.7M | 0.0% | +6,798 |
| CastleKnight Management LP | 621,674 | $2.6M | 0.1% | No change |
| Northern Trust Corp | 421,630 | $1.8M | 0.0% | +194,097 |
| Vanguard Portfolio Management LLC | 323,920 | $1.4M | 0.0% | −4,969 |
| Villanova Investment Management Co LLC | 277,971 | $1.2M | 1.1% | −56,480 |
| Goldman Sachs Group Inc | 268,804 | $1.1M | 0.0% | +60,291 |
| Charles Schwab Investment Management Inc | 250,811 | $1.1M | 0.0% | −2,131 |
| Vanguard Fiduciary Trust Co | 213,193 | $906.1K | 0.0% | −1,172 |
| Morgan Stanley | 211,046 | $896.9K | 0.0% | −181,088 |
| Blackstone Inc. | 201,926 | $858.2K | 0.0% | New |
| Two Sigma Investments, LP | 172,152 | $731.6K | 0.0% | −26,857 |
| Ieq Capital, LLC | 158,521 | $673.7K | 0.0% | +144,727 |
| Vanguard Global Advisers, LLC | 142,560 | $605.9K | 0.0% | +39,175 |
| Fmr LLC | 137,963 | $586.3K | 0.0% | −97,340 |
| Jpmorgan Chase & Co | 126,158 | $543.7K | 0.0% | −309,963 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARJessica Harrah, Chief People Officer
- 12SEC EDGARDavid Michael Barse, Board member
- 13SEC EDGARAlyssa Sue Waxenberg, Board member
- 14
- 15SEC EDGARChristine Deputy, Board member
- 16SEC EDGARJean S. Desravines, Board member
- 17SEC EDGARJoel Todd Schwartz, Board member
- 18SEC EDGARJohn T. Wyatt, Board member
- 19SEC EDGARMichael Nuzzo, Board member
- 20SEC EDGARPreston Grasty, Board member
- 21