Filing Flows › KinderCare Learning Companies (KLC) › Q1 2026 › vs Q1 2025
KinderCare Learning Companies (KLC) Q1 2026 vs Q1 2025 (year over year)
KinderCare Learning Companies's revenue rose $4.3M (+0.6%) from $668M in Q1 2025 to $673M in Q1 2026. The biggest changes: Before and After School Sites +$9.1M (+17%); Early Childhood Education Centers −$4.8M (-0.8%).
KinderCare Learning Companies, Q1 2026: revenue $673M (+0.6% year over year), operating margin -40.5%, net loss $290M, operating cash flow $31.1M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.2% | 11.2% | -11.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Early Childhood Education Centers | $610M | $615M | −$4.8M | -0.8% |
| Before and After School Sites | $62.4M | $53.2M | $9.1M | +17% |
| Revenue | $673M | $668M | $4.3M | +0.6% |
| Income tax benefit | $535K | −$7.8M | $8.4M | — |
| Net loss | $290M | −$21.2M | $311M | — |
| Costs & expenses | $963M | $668M | $295M | +44% |
| Operating costs | $945M | $619M | $325M | +53% |
| Interest & other, net | $18.3M | $19.8M | −$1.6M | -8% |
| Cost of revenue | $551M | $516M | $34.7M | +7% |
| SG&A | $71.1M | $71.7M | −$598K | -0.8% |
| Other operating costs | $323M | $31.5M | $291M | +924% |
| Operating cash sources | $321M | $77.3M | $244M | +315% |
| Depreciation & amortization | $31.1M | $30.0M | $1.1M | +4% |
| Share-based compensation | $2.5M | $3.8M | −$1.3M | -35% |
| Working capital & other | $287M | $43.5M | $244M | +561% |
| Net loss absorbed | $290M | −$21.2M | $311M | — |
| Operating cash flow | $31.1M | $98.4M | −$67.4M | -68% |
| Free cash flow (OCF − capex) | $1.1M | $75.1M | −$74.0M | -99% |
| Capital expenditures | $30.0M | $23.4M | $6.6M | +28% |
Questions
How much did KinderCare Learning Companies's revenue grow year over year in Q1 2026?
KinderCare Learning Companies's revenue rose $4.3M (+0.6%) from $668M in Q1 2025 to $673M in Q1 2026.
What drove KinderCare Learning Companies's revenue change in Q1 2026?
Before and After School Sites +$9.1M (+17%); Early Childhood Education Centers −$4.8M (-0.8%).