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    KinderCare Learning Companies (KLC)

    Market Price (10/3/2026): $1.86 | Market Cap: $221.0 MilSector: Consumer Discretionary | Industry: Education Services

    KinderCare Learning Companies (KLC)

    Market Price (10/3/2026): $1.86
    Market Cap: $221.0 Mil
    Sector: Consumer Discretionary
    Industry: Education Services

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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    Megatrend and thematic drivers
    Megatrends include Future of Work & Workforce Support. Themes include Childcare Services, and Early Childhood Education.

    Key risks
    KLC key risks include [1] a securities class action lawsuit alleging IPO misrepresentation regarding child safety failures and [2] significant financial vulnerability due to its heavy reliance on government subsidies.

    0 Megatrend and thematic drivers
    Megatrends include Future of Work & Workforce Support. Themes include Childcare Services, and Early Childhood Education.
    1 Key risks
    KLC key risks include [1] a securities class action lawsuit alleging IPO misrepresentation regarding child safety failures and [2] significant financial vulnerability due to its heavy reliance on government subsidies.

    KLC in ETFs

    Weight = KLC's share of each fund

    VTI0.00%
    IWM0.00%
    IWN0.57%
    VTWO0.00%
    SCHA0.00%
    IWV0.00%

    Valuation & Metrics

    FYE: 1/03KLC [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$2.7 Bil—
    FY 2027 Sales$2.7 Bil—
    FY 2028 Sales$2.7 Bil—
    FY 2027 Sales Growth-2.1%—
    FY 2028 Sales Growth1.7%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$-471.2 Mil—
    FY 2027 Net Income (Non-GAAP)$12.1 Mil—
    FY 2028 Net Income (Non-GAAP)$27.1 Mil—
    FY 2028 Net Income Growth124.4%18.2%
    FY 2027 EPS (Non-GAAP)$0.11—
    FY 2028 EPS (Non-GAAP)$0.21—
    FY 2028 EPS Growth93.9%—
    VALUATION
    FY 2027 P/S0.11.7
    FY 2028 P/S0.1—
    FY 2027 P/E18.37.8
    FY 2028 P/E8.2—

    [1] KLC forward figures are analyst consensus for the next two fiscal years (fiscal year end 1/03). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 10/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
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    AI Analysis | Feedback

    MetricValueDateSource
    Number of Early Childhood Education Centers15896282025Link
    Number of Before- and After-School Sites10436282025Link
    Same-Center Occupancy71%6282025Link

    Price Chart

    Upcoming
    11/11/2026Earnings ReleaseRev: $668 Mil (E)
    EPS: $-0.01 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 10/1/2026

    KinderCare Learning Companies (KLC) stock has lost about 55% since 6/30/2026 because of the following key factors:

    1. KinderCare Learning Companies reported weak financial results for fiscal Q2 2026 and significantly lowered its full-year guidance.

    The company announced an adjusted EPS of $0.08 for fiscal Q2 2026 (ended July 4, 2026), missing analyst consensus of $0.10 by $0.02. Additionally, adjusted EBITDA declined 23.6% year-over-year to $63.0 million, and revenue of $697.5 million was slightly below expectations. Management subsequently cut its full fiscal year 2026 guidance, projecting revenue between $2.66 billion and $2.70 billion, adjusted EBITDA of $200 million to $220 million, and adjusted EPS of $0.05 to $0.15, all below prior consensus estimates. This revision alone implied a revenue headwind of approximately 1.5%.

    2. The company experienced a notable decline in early childhood education (ECE) enrollment and center occupancy.

    Fiscal Q2 2026 saw a 4% year-over-year decrease in total enrollment, contributing to a 1.5% drop in ECE revenue despite a 2.6% increase in tuition rates. Center occupancy fell by 240 basis points to 68.6% from 71% in the prior year, with management guiding for mid-60s occupancy for fiscal Q3 2026.

    Show more
    Updated on 10/1/2026

    KinderCare Learning Companies (KLC) stock has lost about 55% since 6/30/2026 because of the following key factors:

    1. KinderCare Learning Companies reported weak financial results for fiscal Q2 2026 and significantly lowered its full-year guidance.

    The company announced an adjusted EPS of $0.08 for fiscal Q2 2026 (ended July 4, 2026), missing analyst consensus of $0.10 by $0.02. Additionally, adjusted EBITDA declined 23.6% year-over-year to $63.0 million, and revenue of $697.5 million was slightly below expectations. Management subsequently cut its full fiscal year 2026 guidance, projecting revenue between $2.66 billion and $2.70 billion, adjusted EBITDA of $200 million to $220 million, and adjusted EPS of $0.05 to $0.15, all below prior consensus estimates. This revision alone implied a revenue headwind of approximately 1.5%.

    2. The company experienced a notable decline in early childhood education (ECE) enrollment and center occupancy.

    Fiscal Q2 2026 saw a 4% year-over-year decrease in total enrollment, contributing to a 1.5% drop in ECE revenue despite a 2.6% increase in tuition rates. Center occupancy fell by 240 basis points to 68.6% from 71% in the prior year, with management guiding for mid-60s occupancy for fiscal Q3 2026.

    3. Reduced government subsidies and broader industry headwinds impacted profitability.

    KinderCare cited lower tuition rate assumptions, partially due to reduced government subsidy rates, and an unexpected $8 million insurance reserve adjustment as factors affecting its outlook. Slower state subsidy increases specifically led to a reduction in the expected tuition contribution to growth from 3% to 2.5% for fiscal year 2026. The broader childcare and early education sector continues to face challenges from flat federal childcare funding and softer household spending, conditions anticipated to persist.

    4. A network optimization initiative involved closing underperforming centers.

    During fiscal Q2 2026, KinderCare closed 49 early childhood education centers. This operational initiative is projected to result in a $57 million annual revenue headwind before an anticipated $8 million adjusted EBITDA benefit is realized.

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    Stock Movement Drivers

    Fundamental Drivers

    The -56.5% change in KLC stock from 6/30/2026 to 10/1/2026 was primarily driven by a -56.3% change in the company's P/S Multiple.
    (LTM values as of)630202610012026Change
    Stock Price ($)4.251.85-56.5%
    Change Contribution By: 
    Total Revenues ($ Mil)2,7382,735-0.1%
    P/S Multiple0.20.1-56.3%
    Shares Outstanding (Mil)118119-0.3%
    Cumulative Contribution-56.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2026 to 10/1/2026
    ReturnCorrelation
    KLC-56.5% 
    Market (SPY)2.3%14.0%
    Sector (XLY)-7.2%22.2%

    Fundamental Drivers

    The -15.9% change in KLC stock from 3/31/2026 to 10/1/2026 was primarily driven by a -15.7% change in the company's P/S Multiple.
    (LTM values as of)331202610012026Change
    Stock Price ($)2.201.85-15.9%
    Change Contribution By: 
    Total Revenues ($ Mil)2,7332,7350.1%
    P/S Multiple0.10.1-15.7%
    Shares Outstanding (Mil)118119-0.3%
    Cumulative Contribution-15.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 10/1/2026
    ReturnCorrelation
    KLC-15.9% 
    Market (SPY)17.8%23.5%
    Sector (XLY)0.0%24.8%

    Fundamental Drivers

    The -72.1% change in KLC stock from 9/30/2025 to 10/1/2026 was primarily driven by a -72.5% change in the company's P/S Multiple.
    (LTM values as of)930202510012026Change
    Stock Price ($)6.641.85-72.1%
    Change Contribution By: 
    Total Revenues ($ Mil)2,6872,7351.8%
    P/S Multiple0.30.1-72.5%
    Shares Outstanding (Mil)118119-0.4%
    Cumulative Contribution-72.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2025 to 10/1/2026
    ReturnCorrelation
    KLC-72.1% 
    Market (SPY)15.6%25.2%
    Sector (XLY)-8.6%27.3%

    Fundamental Drivers

    null
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    Market Drivers

    9/30/2023 to 10/1/2026
    ReturnCorrelation
    KLC  
    Market (SPY)84.9%27.9%
    Sector (XLY)38.3%28.7%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    KLC Return----32%-76%-55%-93%
    Peers Return-2%-2%75%36%16%2%170%
    S&P 500 Return27%-19%24%23%16%12%104%

    Monthly Win Rates [3]
    KLC Win Rate---33%33%44% 
    Peers Win Rate50%48%60%55%55%62% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    KLC Max Drawdown-----83%-65% 
    Peers Max Drawdown-30%-29%-19%-22%-35%-26% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: LOPE, DUOL, LAUR, GHC, CVSA.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 10/2/2026 (YTD)

    About KinderCare Learning Companies (KLC)

    KinderCare Learning Companies (KLC) is the largest private provider of early childhood education and care services in the United States, serving children from six weeks to 12 years of age. The company operates a substantial network, comprising approximately 1,490 early childhood education centers and contracts for over 650 before- and after-school sites across 40 states and the District of Columbia. KLC is a mission-driven organization focused on delivering high-quality, inclusive educational experiences, leveraging a proprietary curriculum, third-party assessment tools, and voluntary accreditation to ensure children receive a strong foundation in a nurturing and safe environment.

    KLC offers its services through three primary go-to-market channels. KinderCare Learning Centers (KCLC), its largest segment, provides community-based early childhood education directly to families seeking care for their children. KinderCare Education at Work (KCE at Work) focuses on employer-sponsored childcare programs, offering both onsite centers and tuition discount benefits to employees. The third channel, Champions, specializes in providing outsourced before- and after-school programs directly within schools, serving families with school-aged children. This diversified approach allows KinderCare to address a broad spectrum of childcare needs across different customer segments.

    AI Analysis | Feedback

    The Starbucks of early childhood education.

    The Marriott of childcare centers.

    AI Analysis | Feedback

    KinderCare Learning Companies (KLC) provides the following major services:

    • KinderCare Learning Centers (KCLC): Community-based early childhood education and care for children from six weeks to 12 years of age.
    • KinderCare Education at Work (KCE at Work): Employer-sponsored childcare solutions, including onsite centers and tuition discount benefit programs for employees.
    • Champions: Before- and after-school programs delivered onsite at partner schools and districts.

    AI Analysis | Feedback

    KinderCare Learning Companies (KLC) primarily serves individual families. Based on the provided background, the company's major customer categories are:

    • Individual Families: These are the primary customers for KinderCare Learning Centers (KCLC), which accounted for the largest portion of the company's revenue (79.2% in 2020). Families directly enroll their children, ranging from 6 weeks to 12 years of age, in KLC's community-based early childhood education and care centers.
    • Employers (Companies): KinderCare Education at Work (KCE at Work) provides employer-sponsored childcare programs, serving over 600 employers. In this segment (17.8% of 2020 revenue), KLC's direct customers are companies that offer childcare benefits, such as onsite centers or tuition discount programs, to their employees. Specific names of these employer customers are not provided in the background.
    • Schools and School Districts: Champions, KLC's before- and after-school program division, partners with schools and districts. This segment (3.0% of 2020 revenue) involves providing outsourced staffing, teachers, and curriculum for supplemental education and care programs directly within school facilities. KLC has contracts for more than 650 such sites.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Tom Wyatt
    Chairman and Chief Executive Officer

    Tom Wyatt returned as Chief Executive Officer of KinderCare Learning Companies effective December 2, 2025, a role he previously held from 2012 to June 2024. He has also served as Chairman of the Board since 2021. During his tenure as CEO, he led the company through significant growth, including the acquisitions of Rainbow Childcare in 2018 and The Crème de la Crème School in 2022. Wyatt's career spans over 40 years of leadership experience with both public and privately held consumer brands. Prior to joining KinderCare, he was President of the Old Navy division at Gap Inc. from 2008-2012. His past executive roles also include President and CEO for Cutter & Buck, President of Vanity Fair Intimates and Vanity Fair Intimates Coalition, and CEO of Parisian Department Stores (a division of Saks Inc.).

    Tony Amandi
    Chief Financial Officer

    Tony Amandi is the Chief Financial Officer of KinderCare, a position he has held since his promotion in June 2019. In this role, he oversees various financial functions including accounting, treasury, financial planning and analysis (FP&A), and investor relations. Before becoming CFO, he served as Senior Vice President of KinderCare's FP&A organization and previously as Corporate Controller. Prior to joining KinderCare in 2009, Amandi spent nearly 10 years at PricewaterhouseCoopers in their Audit and Assurance practice, where he became a Senior Manager. At PricewaterhouseCoopers, he led audit and advisory engagements for public and non-public, multinational companies and was a project leader for a Fortune 100 company during the initial implementation of 404 controls.

    Lindsay Sorhondo
    Chief Operating Officer

    Lindsay Sorhondo serves as the Chief Operating Officer for KinderCare Learning Companies, where she is responsible for strategy, operations, growth, customer experience, insights, marketing, and IT. She joined KinderCare in 2013 and has held several leadership roles, including Chief Innovation Officer. Before her time at KinderCare, Sorhondo held leadership positions at ANN Inc.

    Dan Figurski
    President, KinderCare for Employers and Champions

    Dan Figurski is the President of KinderCare for Employers and Champions. He brings 20 years of experience in sales, marketing, and business management to his role at KinderCare Learning Companies. During his tenure, his leadership has significantly contributed to the growth of the Champions before- and after-school programs.

    Michael Canavin
    President, KCLC and Crème de la Crème Schools

    Michael Canavin is the President of KinderCare Learning Centers (KCLC) and Crème de la Crème Schools. He joined KinderCare Learning Companies in 2015 and has held various roles, including Regional Vice President and Senior Vice President for KinderCare Learning Centers. Before his time at KinderCare, Michael worked for Family Dollar Corporation for 10 years, Mervyn's Department Stores for 11 years, and Jordan Marsh Department Stores for 8 years.

    AI Analysis | Feedback

    1. Changes in government subsidies and regulations affecting the early childhood education and care sector. KinderCare's expertise in helping families access public subsidies is noted as a core competency and a driver of diversity and access in their centers. Any adverse changes to these subsidies, or increased regulatory burdens, could directly impact enrollment, operational costs, and profitability.

    2. Ability to attract, retain, and manage qualified staff. The company emphasizes "People & Engagement" as a core pillar and states that high employee engagement leads to better financial performance. The early childhood education sector is highly dependent on a skilled and stable workforce, and challenges in attracting or retaining qualified teachers and caregivers, or increases in labor costs, could impact the quality of care, capacity, and financial results.

    3. Maintaining a strong reputation for health, safety, and quality. KinderCare highlights its commitment to "Health & Safety" and the importance of transparent, third-party validation of its offerings as a critical factor for parents. In the sensitive childcare industry, any perceived or actual compromise to health, safety, or educational quality could severely damage the brand's reputation, lead to reduced enrollment, and potentially incur legal and financial liabilities.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    The addressable markets for KinderCare Learning Companies' main products and services in the U.S. are as follows:

    The overall U.S. child care market was estimated at approximately $65.15 billion in 2024.

    • KinderCare Learning Centers (KCLC): The market size for Early Childhood Learning Centers in the U.S. was $19.9 billion in 2024.
    • KinderCare Education at Work (KCE at Work): Employer-sponsored daycare held a 7.8% market share of the U.S. daycare market in 2025. Based on the U.S. child care market size of approximately $65.15 billion in 2024, this segment represents an addressable market of approximately $5.08 billion.
    • Champions (Before- and After-School Programs): After-school programs accounted for 10.4% of the U.S. daycare market in 2025. Based on the U.S. child care market size of approximately $65.15 billion in 2024, this segment represents an addressable market of approximately $6.78 billion.

    AI Analysis | Feedback

    KinderCare Learning Companies (KLC) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

    1. New Center Openings and Acquisitions: KinderCare plans to expand its footprint by opening new early childhood education centers and making acquisitions. The company intends to invest approximately $131 million to $133 million in new centers and acquisitions, adding capacity to its network. This expansion includes growing the KinderCare, Champions, and Creme Schools brands and entering new markets, such as Idaho.
    2. Growth in Employer-Sponsored Childcare Programs (KinderCare Education at Work): The company is leveraging its business-to-business (B2B) offerings, which include employer-sponsored childcare contracts and on-site centers. These programs have shown solid growth, with employer on-site centers maintaining over 70% occupancy and securing new tuition-benefit contracts covering a significant number of employees. This B2B segment is expected to contribute to overall revenue growth.
    3. Expansion of Before- and After-School Programs (Champions): The Champions brand, which provides before- and after-school programs, is a significant growth driver. This segment has demonstrated strong performance with revenue growth, supported by the addition of new sites and increased average enrollments in existing locations.
    4. Tuition Price Increases: KinderCare anticipates revenue growth driven by tuition increases. While enrollment challenges in some areas may partially offset this, regular tuition adjustments are a consistent component of their revenue strategy.
    5. Operational Improvements and Enrollment Management: The company is undertaking strategic operational improvements to enhance enrollment and occupancy rates. Initiatives include focusing leadership efforts on KinderCare, increasing investment in paid search, and aligning incentive programs with growth outcomes. These actions are designed to improve center execution and enrollment conversion, aiming for a better performance trajectory.

    AI Analysis | Feedback

    Share Repurchases

    KinderCare Learning Companies (KLC) had a negative buyback yield of -29.76% in the last 12 months, indicating a net issuance of shares rather than repurchases. No significant share repurchases or authorizations for future repurchases were identified in the provided information.

    Share Issuance

    The number of KinderCare Learning Companies' shares outstanding increased by 29.76% in one year. As of March 2026, the company had 118.32 million shares outstanding.

    Inbound Investments

    Partners Group Holding AG owns a significant percentage of KinderCare Learning Companies' common stock, indicating a substantial institutional investment.

    Outbound Investments

    During fiscal year 2025, KinderCare Learning Companies acquired 26 early childhood education centers. The cash consideration for these 26 acquisitions amounted to $23 million, which was funded from the company's free cash flow.

    Capital Expenditures

    In the last 12 months (approximately fiscal 2025), KinderCare Learning Companies' capital expenditures totaled $133.63 million. For 2026, capital expenditures are projected to be approximately 5% of revenue. These capital expenditures are largely aimed at growth initiatives.

    Peer Outperformance in Education Services

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    Share of Education Services constituents that KLC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    —
    insufficient peer history
    3Y
    —
    insufficient peer history
    5Y
    —
    insufficient peer history
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    Latest Trefis Analyses

    TitleDate
    0DASHBOARDS 
    1KinderCare Learning Companies Earnings Notes12/16/2025
    2null10/17/2025
    3Why KinderCare Learning Companies Stock Moved: KLC Stock Has Lost 76% Since 2024 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)08/08/2025
    4KLC Dip Buy Analysis07/10/2025
    5KinderCare Learning Companies (KLC) Valuation Ratios Comparison05/15/2025
    6KinderCare Learning Companies (KLC) Operating Cash Flow Comparison02/17/2025
    7KinderCare Learning Companies (KLC) Net Income Comparison02/15/2025
    8KinderCare Learning Companies (KLC) Revenue Comparison02/13/2025
    9ARTICLES 
    10Market Movers | Winners: CAPR, ETON, HTFL | Losers: KLC08/17/2026
    11Market Movers | Winners: PED, BIAF, AIFF | Losers: CMCT, KLC, CDIO03/14/2026
    12Market Movers | Winners: TLRY, STOK, CC | Losers: ACDC, KLC, CAVA08/14/2025

    Recent Active Movers

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    Peer Comparisons

    Peers to compare with:

    Financials

    KLCLOPEDUOLLAURGHCCVSAMedian
    NameKinderCa.Grand Ca.Duolingo Laureate.Graham Covista  
    Mkt Price-155.87143.1538.631,152.00125.58143.15
    Mkt Cap-4.16.75.44.94.34.9
    Rev LTM-1,1421,1451,8305,0681,9541,830
    Op Inc LTM-317157447288390317
    FCF LTM-242398287248393287
    FCF 3Y Avg-243310231275309275
    CFO LTM-279431407327470407
    CFO 3Y Avg-282333315357368333

    Growth & Margins

    KLCLOPEDUOLLAURGHCCVSAMedian
    NameKinderCa.Grand Ca.Duolingo Laureate.Graham Covista  
    Rev Chg LTM-7.0%29.4%17.9%4.8%9.3%9.3%
    Rev Chg 3Y Avg-7.2%37.4%10.6%6.4%10.4%10.4%
    Rev Chg Q-6.7%18.3%17.5%7.1%9.7%9.7%
    QoQ Delta Rev Chg LTM-1.5%4.2%5.3%1.7%2.3%2.3%
    Op Inc Chg LTM-9.4%86.1%18.7%-3.5%13.0%13.0%
    Op Inc Chg 3Y Avg-10.3%131.2%13.5%16.4%22.1%16.4%
    Op Mgn LTM-27.8%13.7%24.4%5.7%19.9%19.9%
    Op Mgn 3Y Avg-27.2%9.6%23.7%5.2%18.4%18.4%
    QoQ Delta Op Mgn LTM-0.2%-0.5%0.4%0.1%0.5%0.2%
    CFO/Rev LTM-24.4%37.6%22.3%6.4%24.1%24.1%
    CFO/Rev 3Y Avg-26.4%37.4%19.0%7.4%20.5%20.5%
    FCF/Rev LTM-21.2%34.7%15.7%4.9%20.1%20.1%
    FCF/Rev 3Y Avg-22.7%34.7%13.9%5.7%17.3%17.3%

    Valuation

    KLCLOPEDUOLLAURGHCCVSAMedian
    NameKinderCa.Grand Ca.Duolingo Laureate.Graham Covista  
    Mkt Cap-4.16.75.44.94.34.9
    P/S-3.65.83.01.02.23.0
    P/Op Inc-12.942.612.217.111.012.9
    P/EBIT-12.942.611.96.411.111.9
    P/E-18.216.316.99.117.016.9
    P/CFO-14.615.513.415.09.114.6
    Total Yield-5.6%6.0%6.0%11.7%6.0%6.0%
    Dividend Yield-0.0%0.0%0.0%0.7%0.0%0.0%
    FCF Yield 3Y Avg-5.6%3.8%6.6%6.8%8.4%6.6%
    D/E-0.00.00.10.30.20.1
    Net D/E--0.0-0.20.10.00.10.0

    Returns

    KLCLOPEDUOLLAURGHCCVSAMedian
    NameKinderCa.Grand Ca.Duolingo Laureate.Graham Covista  
    1M Rtn-3.9%-9.8%3.7%4.9%-6.0%3.7%
    3M Rtn-2.1%13.8%1.1%-2.5%-3.3%1.1%
    6M Rtn--9.0%48.3%15.1%8.9%6.5%8.9%
    12M Rtn--28.6%-52.9%23.6%0.7%-16.4%-16.4%
    3Y Rtn-32.1%-13.7%187.9%102.0%193.7%102.0%
    1M Excs Rtn-3.4%-10.3%3.2%4.5%-6.5%3.2%
    3M Excs Rtn--0.4%11.4%-1.4%-4.9%-5.8%-1.4%
    6M Excs Rtn--25.8%32.6%-7.2%-7.7%-9.3%-7.7%
    12M Excs Rtn--43.8%-69.8%7.6%-16.1%-33.6%-33.6%
    3Y Excs Rtn--45.5%-81.7%114.3%25.9%114.7%25.9%

    Comparison Analyses

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    Financials

    $ Mil | FY: 1/32026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End7/4/20264/4/20261/3/20269/27/20256/28/20253/29/202512/28/20249/28/20246/29/20243/30/202412/30/20239/30/2023
    Filing Date8/13/20265/14/20263/13/202611/12/20258/12/20255/13/20253/21/202511/21/202410/9/20245/13/202510/9/202411/21/2024
    Key Financials Quarterly            
    Total Revenue698673688677700668647671690655618624
    Ebitda39-241-1306110479-5787112687987
    Operating Income251933307150-865682385560
    Net Income-9-290-17753921-1341429-21516
    EPS-0.07-2.45-1.500.040.330.18-1.170.120.25-0.020.160.18
    Key Financials TTM            
    Total Revenue TTM2,7352,7382,7332,6922,6872,6772,6632,6342,5872,4722,3152,173
    Ebitda TTM-270-206115188214221210346345333400427
    Operating Income TTM107153184659110290231236232314345
    Net Income TTM-471-424-113-69-60-70-93565865138170
    Growth Rates Quarterly            
    Total Revenue Growth-0.4%0.6%6.4%0.8%1.5%2.1%4.7%7.5%19.9%31.6%30.0%31.4%
    EBITDA Growth-62.2%-404.8%-128.5%-29.7%-7.0%17.1%-172.2%0.6%12.0%-50.0%-25.2%-0.0%
    Operating Income Growth-64.3%-61.5%138.6%-46.7%-13.6%32.6%-255.7%-8.0%4.2%-68.3%-36.0%-12.4%
    Net Income Growth-122.7%-1469.9%-32.6%-67.4%35.2%1308.3%-1000.9%-13.0%-19.7%-102.4%-68.4%-47.0%
    Margins Quarterly            
    EBITDA Margin5.6%-35.8%-18.9%9.1%14.9%11.8%-8.8%13.0%16.2%10.3%12.8%13.9%
    Operating Income Margin3.6%2.9%4.8%4.4%10.1%7.5%-13.3%8.3%11.9%5.8%8.9%9.7%
    Net Income Margin-1.3%-43.1%-25.7%0.7%5.5%3.2%-20.6%2.1%4.1%-0.3%2.4%2.6%
    Cash & Debt            
    Total Cash1741331331751191316213796-156-
    Total Debt2,5112,5282,5252,5172,4702,3982,3922,9722,98802,6930
    Net Debt / (Cash)2,3372,3952,3922,3422,3512,2672,3292,8352,892-2,537-
    Cash Flows Quarterly            
    FCF from Operations733141013598-4187664-471
    Cash Flows TTM            
    FCF from Operations TTM210171239193179150116153136154250276
    Returns to Shareholders Quarterly            
    Dividends00000000032000
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC2.6%2.4%4.0%2.7%6.5%4.7%-10.5%5.9%8.1%-7.6%-
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM3.3%4.7%5.7%2.0%2.9%3.3%2.8%6.2%6.1%-8.8%-

    Segment Financials

    Revenue by Segment
    $ Mil2026202420232022
    Early childhood education and care services at centers and before- and after-school sites2,7332,6632,5101,808
    Total2,7332,6632,5101,808


    Price Behavior

    Price Behavior
    Market Price$1.85 
    Market Cap ($ Bil)0.2 
    First Trading Date10/09/2024 
    Distance from 52W High-73.1% 
       50 Days200 Days
    DMA Price$3.29$3.82
    DMA Trenddowndown
    Distance from DMA-43.8%-51.5%
     3M1YR
    Volatility103.7%92.5%
    Downside Capture711.89338.11
    Upside Capture103.48133.29
    Correlation (SPY)14.9%25.1%
    KLC Betas & Captures as of 9/30/2026

     1M2M3M6M1Y3Y
    Beta2.082.581.361.741.790.19
    Up Beta4.861.640.031.301.070.67
    Down Beta2.25-5.76-3.09-0.671.681.28
    Up Capture17%67%108%284%152%17%
    Bmk +ve Days6162766132424
    Stock +ve Days7152662121227
    Down Capture469%725%427%261%179%111%
    Bmk -ve Days16263760120328
    Stock -ve Days14263761120253

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with KLC
    KLC-72.3%92.3%-0.87-
    Sector ETF (XLY)-8.7%19.4%-0.5927.3%
    Equity (SPY)15.7%13.0%0.8525.2%
    Gold (GLD)7.7%29.6%0.25-2.0%
    Commodities (DBC)45.6%20.8%1.69-6.2%
    Real Estate (VNQ)1.2%13.6%-0.1620.7%
    Bitcoin (BTCUSD)-25.7%44.5%-0.5410.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with KLC
    KLC-40.4%78.3%-1.28-
    Sector ETF (XLY)4.2%24.1%0.1328.6%
    Equity (SPY)13.0%17.2%0.5727.8%
    Gold (GLD)18.6%18.9%0.80-2.9%
    Commodities (DBC)10.6%19.6%0.42-2.8%
    Real Estate (VNQ)0.4%18.9%-0.0824.3%
    Bitcoin (BTCUSD)13.6%52.3%0.438.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with KLC
    KLC-22.8%78.3%-1.28-
    Sector ETF (XLY)11.7%22.2%0.4828.6%
    Equity (SPY)15.3%17.9%0.7227.8%
    Gold (GLD)11.6%16.4%0.58-2.9%
    Commodities (DBC)8.4%18.1%0.38-2.8%
    Real Estate (VNQ)4.4%20.7%0.1724.3%
    Bitcoin (BTCUSD)64.2%66.2%1.048.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date9152026
    Short Interest: Shares Quantity3.4 Mil
    Short Interest: % Change Since 8312026-27.3%
    Average Daily Volume0.6 Mil
    Days-to-Cover Short Interest5.6 days
    Basic Shares Quantity118.8 Mil
    Short % of Basic Shares2.9%

    Earnings Returns History

    Updated 10/2/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    8/13/2026-46.2%-42.4%-50.7%
    5/14/2026-8.0%-15.1%-8.7%
    3/12/2026-42.6%-30.6%-12.1%
    11/12/2025-19.2%-26.4%-6.2%
    8/12/2025-22.3%-26.9%-21.9%
    5/13/2025-8.5%-12.5%-20.2%
    3/20/2025-22.2%-28.1%-37.6%
    11/20/2024-15.0%2.1%-22.9%
    SUMMARY STATS   
    # Positive010
    # Negative878
    Median Positive 2.1% 
    Median Negative-20.7%-26.9%-21.1%
    Max Positive 2.1% 
    Max Negative-46.2%-42.4%-50.7%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    8/13/2026-46.2%-42.4%-50.7%
    5/14/2026-8.0%-15.1%-8.7%
    3/12/2026-42.6%-30.6%-12.1%
    11/12/2025-19.2%-26.4%-6.2%
    8/12/2025-22.3%-26.9%-21.9%
    5/13/2025-8.5%-12.5%-20.2%
    3/20/2025-22.2%-28.1%-37.6%
    11/20/2024-15.0%2.1%-22.9%
    SUMMARY STATS   
    # Positive010
    # Negative878
    Median Positive 2.1% 
    Median Negative-20.7%-26.9%-21.1%
    Max Positive 2.1% 
    Max Negative-46.2%-42.4%-50.7%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/13/202610-Q
    03/31/202605/14/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/12/202510-Q
    06/30/202508/12/202510-Q
    03/31/202505/13/202510-Q
    12/31/202403/21/202510-K
    09/30/202411/21/202410-Q
    06/30/202410/09/2024424B4
    09/30/202211/10/2022S-1/A
    03/31/202205/09/2022S-1/A
    12/31/202103/09/2022S-1/A
    09/30/202111/08/2021S-1/A
    06/30/202110/18/2021S-1
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/13/202610-Q
    03/31/202605/14/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/12/202510-Q
    06/30/202508/12/202510-Q
    03/31/202505/13/202510-Q
    12/31/202403/21/202510-K
    09/30/202411/21/202410-Q
    06/30/202410/09/2024424B4
    09/30/202211/10/2022S-1/A
    03/31/202205/09/2022S-1/A
    12/31/202103/09/2022S-1/A
    09/30/202111/08/2021S-1/A
    06/30/202110/18/2021S-1

    Recent Forward Guidance

    Updated 9/28/2026

    Latest: Q2 2026 Earnings Reported 8/13/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 RevenueReported2.66 Bil2.68 Bil2.70 Bil-1.7% LoweredGuidance: 2.73 Bil for 2026
    2026 Adjusted EBITDAReported200.00 Mil210.00 Mil220.00 Mil-6.7% LoweredGuidance: 225.00 Mil for 2026
    2026 Adjusted EPSReported0.050.10.15-50.0% LoweredGuidance: 0.2 for 2026


    Prior: Q1 2026 Earnings Reported 5/14/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 RevenueReported2.70 Bil2.73 Bil2.75 Bil0 AffirmedGuidance: 2.73 Bil for 2026
    2026 Adjusted EBITDAReported215.00 Mil225.00 Mil235.00 Mil2.3% RaisedGuidance: 220.00 Mil for 2026
    2026 Adjusted EPSReported0.150.20.2533.3%5.0%RaisedGuidance: 0.15 for 2026

    Q4 2025 Earnings Reported 3/12/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 RevenueReported2.70 Bil2.73 Bil2.75 Bil-0.2% Lower NewGuidance: 2.73 Bil for 2025
    2026 Adjusted EBITDAReported210.00 Mil220.00 Mil230.00 Mil-24.8% Lower NewGuidance: 292.50 Mil for 2025
    2026 Adjusted EPSReported0.10.150.2-77.1%-50.5%Lower NewGuidance: 0.66 for 2025

    Q3 2025 Earnings Reported 11/12/2025

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2025 RevenueReported2.72 Bil2.73 Bil2.74 Bil-1.6% LoweredGuidance: 2.77 Bil for 2025
    2025 Adjusted EBITDAReported290.00 Mil292.50 Mil295.00 Mil-7.1% LoweredGuidance: 315.00 Mil for 2025
    2025 Adjusted EPSReported0.640.660.67-17.6% LoweredGuidance: 0.8 for 2025

    Insider Activity

    Updated 9/16/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Nuzzo, Michael DirectBuy32320262.2225,00055,500104,129Form
    2Wyatt, John TChief Executive OfficerDirectBuy31820262.07275,000569,2502,148,316Form
    3Wyatt, John TChief Executive OfficerDirectBuy31820261.96219,118429,4711,495,155Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Nuzzo, Michael DirectBuy32320262.2225,00055,500104,129Form
    2Wyatt, John TChief Executive OfficerDirectBuy31820262.07275,000569,2502,148,316Form
    3Wyatt, John TChief Executive OfficerDirectBuy31820261.96219,118429,4711,495,155Form

    Investor Activity (13F)

    Updated Oct 3, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Partners Group Holding AG$179.1 Mil13.3%50Hold13F
    Silver Point Capital L.P.$6.1 Mil0.5%16New13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Silver Point Capital L.P.$6.1 Mil0.5%16New13F
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Partners Group Holding AG$179.1 Mil13.3%50Hold13F
    Silver Point Capital L.P.$6.1 Mil0.5%16New13F

    KinderCare Learning Companies — Investor Video Playlist

    Industry Resources

    External Quote Links


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