Every 10-Q that KinderCare Learning Companies, Inc. (KLC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KLC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KLC filings page.
KinderCare Learning Companies, Inc. reported essentially flat revenue but a sharp swing to loss for the six months ended July 4, 2026. Revenue was $1.37 billion, slightly above $1.37 billion a year earlier, while a large goodwill impairment of $273.5 million and additional asset impairments lifted total impairment losses to $314.4 million, driving a net loss of $298.6 million versus net income of $59.7 million in 2025.
Cost of services rose faster than revenue, reducing operating margin, and ECE same-center occupancy fell to 68.6% in the quarter from 71.0%, reflecting lower enrollment. Management continued a “center optimization” initiative, permanently closing underperforming locations, which reduced total centers to 1,567 and sites to 2,695.
Despite the loss, operations generated $104.5 million of operating cash flow, and cash and cash equivalents increased to $173.7 million. The balance sheet remains highly leveraged, with $952.3 million of first lien term loans and lease liabilities of $1.59 billion. Subsequent amendments to a large master lease are expected to increase minimum lease payments by about $600 million over the amended terms.
KinderCare Learning Companies reported revenue of $700.1 million for the three months ended June 28, 2025, up from $689.9 million a year earlier, and net income of $38.6 million versus $28.5 million in the prior-year quarter. For the six months, revenue was $1,368.4 million with net income of $59.7 million, compared with $1,344.6 million and $26.8 million a year earlier. Basic EPS for the quarter was $0.33.
The company increased cash to $119.0 million from $62.3 million, remained in compliance with its credit covenants, and carried $916.8 million of long-term debt net. Total lease liabilities were $1,545.7 million. Average weekly ECE FTEs were 149,010 (down 1.4% year-over-year) and same-center occupancy declined to 71.0% (from 72.3%). During the six months the company acquired 14 centers for $16.1 million, recognized $30.1 million of Employee Retention Credit in cost of services, and recorded $3.7 million of impairment losses. Other comprehensive loss from hedging was $(3.8) million.