Lincoln Educational Services Corporation (LINC)

NASDAQ: LINC · Real-Time Price · USD

25.18

-0.19 (-0.75%)

At close: Sep 21, 2026, 4:00 PM EDT

25.18

0.00 (0.00%)

Pre-market: Sep 22, 2026, 7:46 AM EDT

LINC Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	570.78	518.24	440.06	378.07	348.29	335.34
Revenue Growth	22.02%	17.77%	16.40%	8.55%	3.86%	14.41%
Gross Profit	341.56	312.85	258.31	215.8	199.54	196.41
Operating Income	32.86	28.98	14.5	6.66	17.15	0.08
Net Income	22.8	20	9.89	26	9.21	26.1
Earnings Per Share	0.73	0.64	0.32	0.85	0.36	1.04
EPS Growth	59.97%	100.00%	-62.35%	138.82%	-65.78%	-30.08%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Campus Operations	570.78	518.24	432.97	367.23	330.9	-
Transitional	-	-	7.1	10.84	17.39	6.81
Total	570.78	518.24	440.06	378.07	348.29	335.34

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Investments	44.18	28.52	59.27	75.99	60.83	83.31
Total Debt	228.1	203.86	177.56	116.79	100.63	97.89
Net Cash (Debt)	-183.92	-175.35	-118.29	-40.79	-39.8	-14.58
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.86	-5.61	-3.83	-1.34	-1.54	-0.58

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	94.02	59.31	29.31	25.56	0.88	27.45
Capital Expenditures	-69.49	-86.63	-56.87	-40.7	-8.99	-7.53
Free Cash Flow	24.53	-27.32	-27.56	-15.14	-8.1	19.92
Free Cash Flow Growth	-	-	-	-	-	11.23%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Gross Margin	59.84%	60.37%	58.70%	57.08%	57.29%	58.57%
Operating Margin	5.76%	5.59%	3.29%	1.76%	4.92%	0.02%
Pretax Margin	5.09%	5.04%	3.34%	9.43%	4.72%	14.09%
Profit Margin	4.00%	3.86%	2.25%	6.88%	2.65%	7.78%
FCF Margin	4.30%	-5.27%	-6.26%	-4.00%	-2.33%	5.94%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 22, 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
PE Ratio	34.56	38.19	50.35	12.11	19.89	7.73
Forward PE	26.15	36.15	21.87	19.75	10.72	10.88
P/FCF Ratio	32.56	-	-	-	-	10.13
PS Ratio	1.40	1.47	1.13	0.83	0.53	0.60