KinderCare Learning Companies, Inc. KLC
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.
We operate a national network of community-based centers, employer-sponsored programs and before- and after-school sites. Our proprietary curriculum is supported by third-party assessment tools that measure school readiness outcomes. We voluntarily pursue national accreditation at our centers and onsite programs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.73B | $2.66B | $2.51B | $2.17B | — |
| SG&A | $297.2M | $423.1M | $288.0M | $247.8M | — |
| Total operating expenses | $2.75B | $2.58B | $2.23B | $1.78B | — |
| Operating income | -$20.1M | $79.3M | $275.3M | $389.5M | — |
| Interest expense | $84.0M | $170.5M | $152.9M | $101.5M | — |
| Pre-tax income | -$93.3M | -$78.2M | $129.9M | $287.8M | — |
| Income tax | $19.5M | $14.6M | $27.4M | $68.6M | — |
| Net income | -$112.9M | -$92.8M | $102.6M | $219.2M | — |
| EPS, basic | -0.95 | -0.96 | 1.13 | 2.35 | — |
| EPS, diluted | -0.95 | -0.96 | 1.13 | 2.35 | — |
| Shares, diluted (wtd. avg.) | $118.3M | $96.3M | $90.4M | $93.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $133.2M | $62.3M | $156.1M | $105.5M | $181.2M |
| Receivables | $118.5M | $104.3M | $88.1M | — | — |
| Total current assets | $358.0M | $214.8M | $283.4M | — | — |
| Property, plant and equipment | $417.8M | $418.5M | $395.7M | — | — |
| Goodwill | $964.8M | $1.12B | $1.11B | $1.10B | — |
| Other intangibles | $420.9M | $429.8M | $439.0M | — | — |
| Total assets | $3.75B | $3.65B | $3.65B | — | — |
| Accounts payable | $48.9M | $45.3M | $50.6M | — | — |
| Short-term debt | $9.6M | $7.3M | $13.2M | — | — |
| Total current liabilities | $484.9M | $412.8M | $426.5M | — | — |
| Long-term debt | $917.9M | $918.7M | $1.24B | — | — |
| Total liabilities | $2.99B | $2.78B | $3.15B | — | — |
| Retained earnings | -$82.6M | $30.3M | $123.1M | — | — |
| Total equity | $755.3M | $864.5M | $506.9M | $407.7M | $255.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $238.5M | $115.9M | $303.5M | $341.6M | — |
| Depreciation and amortisation | $124.0M | $117.6M | $109.0M | $88.5M | — |
| Stock-based compensation | $11.8M | $144.1M | $12.6M | $9.9M | — |
| Capital expenditure | $128.3M | $132.3M | $129.0M | $139.4M | — |
| Investing cash flow | -$154.4M | -$147.2M | -$117.7M | -$299.7M | — |
| Financing cash flow | -$13.2M | -$62.6M | -$134.9M | -$117.7M | — |
| Buybacks | — | — | — | $72.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-164197.
Others in SIC 8351
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BFAM | BRIGHT HORIZONS FAMILY SOLUTIONS INC. | $3.42B | 20.9x | 9.2% |