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KIPP Texas reports FY26 outperformance, proposes time-limited KTFF support to head off FY27 shortfall
Summary
CFO Sun Han told the KIPP Texas board that FY26 EBITDA is forecast at about $48 million—above budget—and management does not expect to need the $18 million KTFF draw. For FY27, leadership plans a time-limited KTFF bridge of roughly $3 million to cover an enrollment- and compensation-driven gap, to be reassessed in October 2026.
KIPP Texas Public Schools’ finance team told the board on Feb. 5 that the charter network’s near-term financial outlook has improved for fiscal year 2026 while it continues to plan conservatively for fiscal year 2027.
Sun Han, chief financial officer, said projected FY26 EBITDA is approximately $48,000,000 versus a budgeted $44,000,000 and that, as a result, “management no longer anticipates needing the $18,000,000 of budgeted fiscal year 26 KTFF support.” Han attributed the favorability primarily to higher state rates and stronger attendance.
Looking ahead to FY27, Han outlined a…
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