Lincoln Educational Services Corporation (LINC)

NASDAQ: LINC · Real-Time Price · USD

48.40

+1.56 (3.33%)

At close: May 22, 2026, 4:00 PM EDT

48.64

+0.24 (0.50%)

After-hours: May 22, 2026, 6:29 PM EDT

LINC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	544.69	518.24	440.06	378.07	348.29	335.34
Revenue Growth (YoY)	19.92%	17.77%	16.40%	8.55%	3.86%	14.41%
Cost of Revenue	216.37	205.39	181.76	162.28	148.75	138.93
Gross Profit	328.32	312.85	258.31	215.8	199.54	196.41
Selling, General & Admin	295.2	282.95	243.8	209.14	182.39	168.92
Other Operating Expenses	1.11	1.33	0.68	35.14	1.23	23.18
Total Operating Expenses	296.3	284.28	244.48	244.27	183.62	192.1
Operating Income	33.31	30.31	15.18	33.36	16.28	49.26
Interest Income	0.04	0.13	2.1	2.63	0.32	-
Interest Expense	-3.53	-3.39	-2.57	-0.35	-0.16	-2.02
Total Non-Operating Income (Expense)	-3.49	-3.27	-0.47	2.28	0.16	-2.02
Pretax Income	28.89	26.12	14.71	35.64	16.44	47.25
Provision for Income Taxes	6.48	6.12	4.82	9.64	3.8	12.53
Net Income	22.41	20	9.89	26	11.52	33.5
Net Income Attributable to Preferred Dividends	-	-	-	-	1.11	1.22
Net Income to Common	22.41	20	9.89	26	11.52	33.5
Net Income Growth	85.98%	102.18%	-61.95%	125.61%	-65.60%	-29.01%
Shares Outstanding (Basic)	31	31	31	30	32	32
Shares Outstanding (Diluted)	31	31	31	31	32	32
Shares Change (YoY)	1.12%	1.20%	1.15%	-4.58%	-0.63%	1.71%
EPS (Basic)	0.72	0.65	0.32	0.86	0.36	1.04
EPS (Diluted)	0.71	0.64	0.32	0.85	0.36	1.04
EPS Growth	82.05%	100.00%	-62.35%	136.11%	-65.39%	-30.20%
Shares Outstanding	31.7	31.62	31.46	31.36	31.15	21.89
Free Cash Flow	-9.12	-27.32	-27.56	-15.14	-8.1	19.92
Free Cash Flow Growth	-	-	-	-	-	11.23%
Free Cash Flow Per Share	-0.29	-0.87	-0.89	-0.50	-0.25	0.62
Gross Margin	60.28%	60.37%	58.70%	57.08%	57.29%	58.57%
Operating Margin	6.11%	5.85%	3.45%	8.82%	4.67%	14.69%
Profit Margin	4.11%	3.86%	2.25%	6.88%	3.63%	10.35%
FCF Margin	-1.67%	-5.27%	-6.26%	-4.00%	-2.33%	5.94%
EBITDA	56.34	49.47	26.51	39.95	22.64	56.4
EBITDA Margin	10.34%	9.55%	6.02%	10.57%	6.50%	16.82%
EBIT	33.31	30.31	15.18	33.36	16.28	49.26
EBIT Margin	6.11%	5.85%	3.45%	8.82%	4.67%	14.69%
Effective Tax Rate	22.44%	23.43%	32.76%	27.05%	23.13%	26.52%

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q