KinderCare Learning Companies, Inc. announced financial results for the fourth quarter and fiscal year ended December 28, 2024, on March 20, 2025. Total revenue for Q4 2024 increased by 4.7% to $647.0 million compared to $618.0 million in Q4 2023, with early childhood education centers growing 4.0% and before- and after-school sites growing 12.5%.
The company reported a loss from operations of $89.3 million for Q4 2024, a significant change from income of $48.7 million in Q4 2023. This was primarily due to a $122.9 million increase in equity-based compensation expense related to the IPO's acceleration of profit interest units vesting, and $29.4 million lower COVID-19 Related Stimulus reimbursements.
Net loss for the fourth quarter was $133.6 million, compared to $14.8 million net income in the prior year, also impacted by a $24.8 million loss on extinguishment from a $608.0 million term loan repayment. Despite this, adjusted EBITDA increased by 4.9% to $66.0 million, and adjusted net income rose to $10.7 million. For fiscal year 2025, KinderCare expects revenue between $2.75 billion and $2.85 billion, and adjusted EBITDA between $310 million and $325 million, including a 53rd week contribution.
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