Filing Flows › KinderCare Learning Companies (KLC) › Q1 2026 › vs Q4 2025
KinderCare Learning Companies (KLC) Q1 2026 vs Q4 2025 (quarter over quarter)
KinderCare Learning Companies's revenue fell $15.6M (-2%) from $688M in Q4 2025 to $673M in Q1 2026. The biggest changes: Early Childhood Education Centers −$18.0M (-3%); Before and After School Sites +$2.4M (+4%).
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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.2% | -4.1% | +4.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Early Childhood Education Centers | $610M | $628M | −$18.0M | -3% |
| Before and After School Sites | $62.4M | $60.0M | $2.4M | +4% |
| Revenue | $673M | $688M | −$15.6M | -2% |
| Income tax benefit | $535K | $4.4M | −$3.9M | -88% |
| Net loss | $290M | $177M | $113M | +64% |
| Costs & expenses | $963M | $870M | $93.1M | +11% |
| Operating costs | $945M | $852M | $92.6M | +11% |
| Interest & other, net | $18.3M | $17.7M | $562K | +3% |
| Cost of revenue | $551M | $549M | $1.6M | +0.3% |
| SG&A | $71.1M | $73.8M | −$2.7M | -4% |
| Other operating costs | $323M | $229M | $93.7M | +41% |
| Operating cash sources | $321M | $181M | $139M | +77% |
| Depreciation & amortization | $31.1M | $31.9M | −$820K | -3% |
| Share-based compensation | $2.5M | $1.7M | $794K | +46% |
| Working capital & other | $287M | $148M | $139M | +94% |
| Net loss absorbed | $290M | $177M | $113M | +64% |
| Operating cash flow | $31.1M | $4.3M | $26.8M | +630% |
| Free cash flow (OCF − capex) | $1.1M | −$28.1M | $29.2M | — |
| Capital expenditures | $30.0M | $32.3M | −$2.4M | -7% |
Questions
How much did KinderCare Learning Companies's revenue grow quarter over quarter in Q1 2026?
KinderCare Learning Companies's revenue fell $15.6M (-2%) from $688M in Q4 2025 to $673M in Q1 2026.
What drove KinderCare Learning Companies's revenue change in Q1 2026?
Early Childhood Education Centers −$18.0M (-3%); Before and After School Sites +$2.4M (+4%).