KinderCare Learning Companies, Inc.
For the period ended Sep 27, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Nov 12, 2025
KLC$2.21-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except share data)
| September 27, 2025 | December 28, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $174,733 | $62,336 |
| Accounts receivable, net | 103,298 | 104,333 |
| Prepaid expenses and other current assets | 56,034 | 48,104 |
| Total current assets | 334,065 | 214,773 |
| Property and equipment, net of accumulated depreciation of 575,498 and 522,650 | 430,736 | 418,524 |
| Goodwill | 1,137,181 | 1,119,714 |
| Intangible assets, net of accumulated amortization of 155,363 and 148,593 | 422,996 | 429,766 |
| Operating lease right-of-use assets | 1,474,746 | 1,373,064 |
| Other assets | 83,769 | 89,626 |
| Total assets | $3,883,493 | $3,645,467 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $198,189 | $152,660 |
| Related party payables | — | 119 |
| Current portion of long-term debt | 9,620 | 7,251 |
| Operating lease liabilities—current | 164,843 | 144,919 |
| Deferred revenue | 29,513 | 26,376 |
| Other current liabilities | 67,346 | 81,433 |
| Total current liabilities | 469,511 | 412,758 |
| Long-term debt, net | 921,268 | 918,719 |
| Operating lease liabilities—long-term | 1,421,150 | 1,315,587 |
| Deferred income taxes, net | 34,411 | 30,907 |
| Other long-term liabilities | 105,944 | 102,987 |
| Total liabilities | 2,952,284 | 2,780,958 |
| Commitments and contingencies (Note 15) | ||
| Shareholders' equity: | ||
| Preferred stock, par value $0.01; 25,000,000 shares authorized; no shares issued and outstanding as of September 27, 2025 and December 28, 2024 | — | — |
| Common stock, par value $0.01; 750,000,000 shares authorized; 118,141,158 shares issued and outstanding as of September 27, 2025 and 117,984,749 shares issued and outstanding as of December 28, 2024 | 1,181 | 1,180 |
| Additional paid-in capital | 839,652 | 830,369 |
| Retained earnings | 94,556 | 30,261 |
| Accumulated other comprehensive (loss) income | (4,180) | 2,699 |
| Total shareholders' equity | 931,209 | 864,509 |
| Total liabilities and shareholders' equity | $3,883,493 | $3,645,467 |
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