KinderCare Learning Companies, Inc.
For the period ended Mar 12, 2026. Filed Mar 12, 2026.
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Mar 12, 2026 · Filed Mar 12, 2026
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Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
The following table shows EBIT, EBITDA, and adjusted EBITDA for the periods presented, and the reconciliation to its most comparable GAAP measure, net loss, for the periods presented:
| Three Months Ended (a) | Fiscal Year Ended (a) | |||
|---|---|---|---|---|
| January 3, 2026 | December 28, 2024 | January 3, 2026 | December 28, 2024 | |
| Net loss | $(177,175) | $(133,583) | $(112,880) | $(92,840) |
| Add back: | ||||
| Interest expense | 19,699 | 50,733 | 83,975 | 170,539 |
| Interest income | (1,013) | (2,249) | (4,827) | (7,369) |
| Income tax (benefit) expense | (4,443) | (4,264) | 19,538 | 14,608 |
| EBIT | $(162,932) | $(89,363) | $(14,194) | $84,938 |
| Add back: | ||||
| Depreciation and amortization | 31,897 | 30,213 | 123,967 | 117,606 |
| EBITDA | $(131,035) | $(59,150) | $109,773 | $202,544 |
| Add back: | ||||
| Impairment losses (1) | 196,997 | 3,395 | 204,051 | 10,535 |
| Equity-based compensation (2) | 1,713 | 123,066 | 12,073 | 122,972 |
| Management and advisory fee expenses (3) | — | 119 | — | 3,767 |
| Acquisition related costs (4) | — | — | — | 16 |
| Non-recurring distribution and bonus expense (5) | — | — | — | 19,287 |
| COVID-19 Related Stimulus, net (6) | — | (4,049) | (26,713) | (69,732) |
| Other costs (7) | — | 2,595 | 882 | 8,734 |
| Adjusted EBITDA | $67,675 | $65,976 | $300,066 | $298,123 |
(a)
The three months and fiscal year ended January 3, 2026 includes 14 weeks and 53 weeks, and the three months and fiscal year ended December 28, 2024 includes 13 weeks and 52 weeks, respectively.
Explanations of add backs are located after the reconciliation of adjusted net income and adjusted net income per common share.
The following table shows adjusted net income and adjusted net income per common share for the periods presented and the reconciliation to the most comparable GAAP measure, net loss and net loss per common share, respectively, for the periods presented:
| Three Months Ended (a) | Fiscal Year Ended (a) | |||
|---|---|---|---|---|
| January 3, 2026 | December 28, 2024 | January 3, 2026 | December 28, 2024 | |
| Net loss | $(177,175) | $(133,583) | $(112,880) | $(92,840) |
| Income tax (benefit) expense | (4,443) | (4,264) | 19,538 | 14,608 |
| Net loss before income tax: | $(181,618) | $(137,847) | $(93,342) | $(78,232) |
| Add back: | ||||
| Amortization of intangible assets | 2,074 | 2,382 | 8,844 | 9,234 |
| Impairment losses (1) | 196,997 | 3,395 | 204,051 | 10,535 |
| Equity-based compensation (2) | 1,713 | 123,066 | 12,073 | 122,972 |
| Management and advisory fee expenses (3) | — | 119 | — | 3,767 |
| Acquisition related costs (4) | — | — | — | 16 |
| Non-recurring distribution and bonus expense (5) | — | — | — | 19,287 |
| COVID-19 Related Stimulus, net (6) | — | (4,049) | (26,713) | (69,732) |
| Loss on extinguishment of long-term debt, net (8) | — | 24,757 | 5,434 | 25,652 |
| Other costs (7) | — | 2,595 | 882 | 8,734 |
| Adjusted income before income tax | 19,166 | 14,418 | 111,229 | 52,233 |
| Adjusted income tax expense (9) | 4,947 | 3,721 | 28,708 | 13,481 |
| Adjusted net income | $14,219 | $10,697 | $82,521 | $38,752 |
| Net loss per common share: (10) | ||||
| Basic | $(1.50) | $(1.17) | $(0.95) | $(0.96) |
| Diluted | $(1.50) | $(1.17) | $(0.95) | $(0.96) |
| Adjusted net income per common share: (10) | ||||
| Basic | $0.12 | $0.09 | $0.70 | $0.40 |
| Diluted | $0.12 | $0.09 | $0.70 | $0.40 |
| Weighted average number of common shares outstanding: (10) | ||||
| Basic | 118,411 | 114,136 | 118,329 | 96,309 |
| Diluted | 118,411 | 114,136 | 118,329 | 96,309 |
(a)
The three months and fiscal year ended January 3, 2026 includes 14 weeks and 53 weeks, and the three months and fiscal year ended December 28, 2024 includes 13 weeks and 52 weeks, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.