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KinderCare Learning Companies cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$45.4M in Q2 2026 · $81.0M over twelve months

Operating cash flow$73.4M
Capital spending−$28.0M
Free cash flow+$45.4M
Cash conversion cycle-12 days

Analysis

In Q2 2026, KinderCare Learning Companies generated $73.4M of operating cash flow and spent $28.0M on capital projects, leaving free cash flow of $45.4M.

Over the twelve months to Jul 4, 2026, operating cash flow was $210M; the largest uses were capital spending ($129M), other financing ($12.9M), acquisitions ($9.5M); besides operations, cash came from asset & business sales ($124K); the cash balance rose by $54.6M.

Operating cash flow was $73.4M against net income of −$8.8M. The largest differences: prepaid and other assets +$51.0M, other liabilities −$46.1M, depreciation & amortization +$31.7M.

Its cash conversion cycle was -12 days (receivables 14 + inventory 0 − payables 26): suppliers fund its working capital.

Free cash flow

KinderCare Learning Companies: free cash flow by quarterKinderCare Learning Companies: free cash flow by quarter$45.0MQ3 2024−$78.6MQ4 2024$75.1MQ1 2025$671KQ2 2025$62.6MQ3 2025−$28.1MQ4 2025$1.1MQ1 2026$45.4MQ2 2026
Operating cash flow less capital spending.
KinderCare Learning Companies: operating cash flow against capital spendingKinderCare Learning Companies: operating cash flow against capital spendingOperating cash flowCapital spending$86.7M$41.7MQ3 2024−$40.8M$37.7MQ4 2024$98.4M$23.4MQ1 2025$35.0M$34.4MQ2 2025$101M$38.2MQ3 2025$4.3M$32.3MQ4 2025$31.1M$30.0MQ1 2026$73.4M$28.0MQ2 2026
Latest (Q2 2026): Operating cash flow $73.4M, Capital spending $28.0M.

Capital allocation, year by year

KinderCare Learning Companies: where the cash came from (up) and went (down), by fiscal yearKinderCare Learning Companies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2022: Operating cash flow $342MFY2022: Net borrowing −$12.4MFY2022: Asset sales $299KFY2022: Capital spending −$139MFY2022: Acquisitions −$158MFY2022: Buybacks −$72.7M$342MFY2022FY2023: Operating cash flow $304MFY2023: Net borrowing $1.3BFY2023: Asset sales $906KFY2023: Capital spending −$129MFY2023: Acquisitions −$10.2M$1.6BFY2023FY2024: Operating cash flow $116MFY2024: Net borrowing $262MFY2024: Shares issued $626MFY2024: Asset sales $2.9MFY2024: Capital spending −$132MFY2024: Acquisitions −$10.9M$1.0BFY2024FY2025: Operating cash flow $239MFY2025: Net borrowing −$1.6MFY2025: Asset sales $293KFY2025: Capital spending −$128MFY2025: Acquisitions −$23.1M$239MFY2025
Over these 4 years operating cash flow totalled $1.0B; the largest uses were capital spending ($529M) and acquisitions ($202M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$174M
Debt$926M
Net debt$752M
Due within a year$9.6M

KinderCare Learning Companies funds itself: free cash flow was $81.0M over the last twelve months, and $174M of cash and investments stands against $926M of debt ($9.6M due within a year, 18.1× covered by cash).

Where the cash came from and went

KinderCare Learning Companies: sources (+) and uses (−) of cash, Q2 2026KinderCare Learning Companies: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$73.4MCash drawn (+) / kept (−)−$40.8MCapital spending−$28.0MOther financing−$2.4MOther investing−$1.3MAcquisitions−$455KNet borrowing (+) / repaid (−)−$330K
KinderCare Learning Companies: sources (+) and uses (−) of cash, TTM to Q2 2026KinderCare Learning Companies: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$210MCapital spending−$129MCash drawn (+) / kept (−)−$54.6MOther financing−$12.9MAcquisitions−$9.5MOther investing−$2.7MNet borrowing (+) / repaid (−)−$1.4MAsset & business sales$124K

From profit to cash

KinderCare Learning Companies: net income to operating cash flow, Q2 2026KinderCare Learning Companies: net income to operating cash flow, Q2 2026Net income−$8.8MDepreciation & amortization$31.7MStock-based pay$1.7MDeferred taxes−$1.9MImpairments$22.9MGains on investments−$3.6MReceivables−$7.5MPayables$18.8MDeferred revenue$4.5MPrepaid and other assets$51.0MOther liabilities−$46.1MOperating cash flow$73.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202614—26-12
Q1 202615—26-11
Q4 202516—106
Q2 202514—31-18
Q1 202514—30-16
Q4 202414—105

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$73.4M−$28.0M−$455K−$330K−$40.8M$45.4M
Q1 2026$31.1M−$30.0M−$540K−$330K$425K$1.1M
Q4 2025$4.3M−$32.3M−$5.6M−$368K$41.5M−$28.1M
Q3 2025$101M−$38.2M−$3.0M−$330K−$55.7M$62.6M
Q2 2025$35.0M−$34.4M−$8.5M−$437K$12.3M$671K
Q1 2025$98.4M−$23.4M−$6.1M−$417K−$69.0M$75.1M
Q4 2024−$40.8M−$37.7M−$423K−$490K$74.9M−$78.6M
Q3 2024$86.7M−$41.7M−$122K−$525K−$41.5M$45.0M

KinderCare Learning Companies: income statement and cash flow

KinderCare Learning Companies, Q2 2026: revenue $698M (-0.4% year over year), operating margin 0.3%. The chart follows the revenue to costs, profit and cash.

KinderCare Learning Companies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.