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How KinderCare Learning Companies (KLC) makes money

KinderCare Learning Companies (KLC) made $698M of revenue in the second quarter 2026 (Q2 2026), -0.4% from a year earlier. Early Childhood Education Centers brought in $638M (91%); Before and After School Sites brought in $59.5M (9%).

Drawing the Sankey…

KinderCare Learning Companies revenue by segment, Q2 2026KinderCare Learning Companies revenue by segment, Q2 2026Early Childhood Education Centers$638MBefore and After School Sites$59.5M
KinderCare Learning Companies: revenue by line, Q4 2024 to Q2 2026KinderCare Learning Companies: revenue by line, Q4 2024 to Q2 2026Early Childhood Educa…Before and After Scho…Early Childhood Education Centers: $638M latest$638MBefore and After School Sites: $59.5M latest$59.5MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
KinderCare Learning Companies revenue by quarterKinderCare Learning Companies revenue by quarter$647MQ4 2024$668MQ1 2025$700MQ2 2025$677MQ3 2025$688MQ4 2025$673MQ1 2026$698MQ2 2026
KinderCare Learning Companies: where each dollar of revenue goesKinderCare Learning Companies: where each dollar of revenue goesOperating cash flow11¢Free cash flow7¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Early Childhood Education Centers$638M91.5%+5%-1%
Before and After School Sites$59.5M8.5%-5%+13%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$698M100.0%
Operating cash flow$73.4M10.5%
Free cash flow$45.4M6.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$698M-0.4%
Q1 2026$673M+0.6%
Q4 2025$688M+6%
Q3 2025$677M+0.8%
Q2 2025$700M+2%
Q1 2025$668M+2%
Q4 2024$647M+5%

From KinderCare Learning Companies' 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does KinderCare Learning Companies make money?

KinderCare Learning Companies (KLC) made $698M of revenue in the second quarter 2026 (Q2 2026), -0.4% from a year earlier. Early Childhood Education Centers brought in $638M (91%); Before and After School Sites brought in $59.5M (9%).

What is KinderCare Learning Companies' biggest business?

Early Childhood Education Centers: $638M in the second quarter 2026, 91% of revenue, -1% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.