Filing Flows › KinderCare Learning Companies (KLC) › Q3 2025
KinderCare Learning Companies (KLC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
KinderCare Learning Companies (KLC) reported revenue of $677M for the third quarter 2025 (Q3 2025), +0.8% from a year earlier and -3% from the quarter before. Operating margin was 3.9%, net earnings $4.5M (0.7% of revenue).
KinderCare Learning Companies, Q3 2025: revenue $677M (+0.8% year over year), operating margin 3.9%, net earnings $4.5M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $677M | -3% | +0.8% |
| Operating profit | $26.3M | -62% | -52% |
| Net earnings | $4.5M | -88% | -67% |
| Operating cash flow | $101M | +188% | +16% |
| Free cash flow | $62.6M | 93× | +39% |
What changed
Revenue was $676.8M in Q3 2025, up 1% year over year and down 3% from the previous quarter. Early Childhood Education Centers was the largest line at 93% of revenue. Before and After School Sites added $4.8M year over year (up 11%), 90% of the total change.
Operating profit was $26.3M, a 3.9% margin (down 4.2 points year over year). Operating profit fell $28.1M even though revenue rose $5.4M versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 1%. The fastest-growing cost line was SG&A (+12%). Net earnings were $4.5M, down 67% year over year. The effective tax rate was 26.7%.
Operating cash flow was $100.8M (up 16% year over year), 2215% of net earnings. Non-cash charges added back $31.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $62.4M. Capital expenditures of $38.2M left free cash flow of $62.6M.
Questions
What was KinderCare Learning Companies' revenue in the third quarter 2025?
KinderCare Learning Companies (KLC) reported revenue of $677M for the third quarter 2025 (Q3 2025), +0.8% from a year earlier and -3% from the quarter before.
Was KinderCare Learning Companies profitable in the third quarter 2025?
Operating profit was $26.3M (3.9% of revenue) and net earnings $4.5M.