California is in the midst of a crisis of homelessness, with more than 1 in 5 of the nation's students identified as experiencing homelessness residing in the state. The incidence of student poverty and homelessness in California has been rising steadily both in absolute numbers and as a percentage of the total student population. Although the number of students experiencing homelessness is likely being exacerbated by the COVID-19-related economic downturn, emerging evidence suggests that identification has declined since the pandemic began. It is likely this decrease reflects challenges that districts have had identifying and engaging these students, rather than an actual decline in homelessness. Drawing on data from the California Department of Education, this report provides a snapshot of students experiencing homelessness in California and examines important contextual factors--such as living arrangements, school mobility, and school discipline--and their association with learning outcomes. The data indicate several obstacles that hinder the academic success of students experiencing homelessness. Fortunately, they also point to possible responses that could positively impact this vulnerable group.