Filing Flows › KinderCare Learning Companies (KLC) › Q2 2026 › vs Q2 2025
KinderCare Learning Companies (KLC) Q2 2026 vs Q2 2025 (year over year)
KinderCare Learning Companies's revenue fell $2.6M (-0.4%) from $700M in Q2 2025 to $698M in Q2 2026. The biggest changes: Early Childhood Education Centers −$9.6M (-1%); Before and After School Sites +$7.0M (+13%).
KinderCare Learning Companies, Q2 2026: revenue $698M (-0.4% year over year), operating margin 0.3%, net loss $8.8M, operating cash flow $73.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.5% | 0.1% | +6.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Early Childhood Education Centers | $638M | $648M | −$9.6M | -1% |
| Before and After School Sites | $59.5M | $52.4M | $7.0M | +13% |
| Revenue | $698M | $700M | −$2.6M | -0.4% |
| Income tax benefit | $1.8M | −$14.5M | $16.3M | — |
| Net loss | $8.8M | −$38.6M | $47.4M | — |
| Costs & expenses | $708M | $700M | $8.0M | +1% |
| Operating costs | $695M | $631M | $63.7M | +10% |
| Interest & other, net | $12.9M | $15.6M | −$2.7M | -17% |
| Cost of revenue | $567M | $519M | $48.0M | +9% |
| SG&A | $73.1M | $78.6M | −$5.6M | -7% |
| Other operating costs | $54.6M | $33.3M | $21.3M | +64% |
| Operating cash sources | $82.2M | −$3.5M | $85.7M | — |
| Depreciation & amortization | $31.7M | $31.1M | $625K | +2% |
| Share-based compensation | $1.7M | $3.5M | −$1.8M | -52% |
| Working capital & other | $48.8M | −$38.1M | $86.9M | — |
| Net loss absorbed | $8.8M | −$38.6M | $47.4M | — |
| Operating cash flow | $73.4M | $35.0M | $38.4M | +110% |
| Free cash flow (OCF − capex) | $45.4M | $671K | $44.7M | 68× |
| Capital expenditures | $28.0M | $34.4M | −$6.4M | -18% |
Questions
How much did KinderCare Learning Companies's revenue grow year over year in Q2 2026?
KinderCare Learning Companies's revenue fell $2.6M (-0.4%) from $700M in Q2 2025 to $698M in Q2 2026.
What drove KinderCare Learning Companies's revenue change in Q2 2026?
Early Childhood Education Centers −$9.6M (-1%); Before and After School Sites +$7.0M (+13%).