Lincoln Educational Services Corporation (LINC)

LINC Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	44.18	28.52	59.27	75.99	46.07	83.31
Short-Term Investments	-	-	-	-	14.76	-
Cash & Short-Term Investments	44.18	28.52	59.27	75.99	60.83	83.31
Cash Growth	164.52%	-51.89%	-22.00%	24.92%	-26.98%	119.08%
Accounts Receivable	45.87	36.93	42.98	35.69	37.18	26.16
Other Receivables	7.51	9.73	0.76	-	-	-
Receivables	53.38	46.66	43.75	35.69	37.18	26.16
Inventory	4.08	3.99	3.05	2.95	2.62	2.72
Prepaid Expenses	4.61	7.87	4.03	5.56	4.74	4.88
Restricted Cash	-	-	-	4.28	4.21	-
Other Current Assets	-	-	1.15	10.2	4.56	4.56
Total Current Assets	106.25	87.03	111.25	134.66	114.14	121.63
Property, Plant & Equipment	366.49	350.9	266.31	156.58	117.04	114.61
Goodwill	10.74	10.74	10.74	10.74	14.54	14.54
Long-Term Deferred Tax Assets	21.67	21.67	25.36	23.22	22.31	23.71
Long-Term Deferred Charges	1.2	0.3	0.32	-	-	-
Other Long-Term Assets	23.43	22.52	22.57	20.05	23.55	20.82
Total Assets	529.78	493.16	436.56	345.25	291.57	295.3

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	30.68	27.02	37.03	18.15	10.5	12.3
Accrued Expenses	16.7	18.43	11.99	13.68	8.65	15.67
Current Portion of Leases	11.66	11.1	9.5	11.81	9.63	11.48
Current Income Taxes Payable	-	-	1.07	2.83	2.06	1.02
Current Unearned Revenue	51.92	44.16	30.63	26.91	24.15	25.41
Other Current Liabilities	-	-	-	0.03	0.03	0.02
Total Current Liabilities	110.95	100.71	90.21	73.41	55.02	65.88
Long-Term Debt	26	-	-	-	-	-
Long-Term Leases	190.44	192.77	168.06	104.98	91	86.41
Pension & Post-Retirement Benefits	-	-	-	-	0.67	1.61
Other Long-Term Liabilities	-	-	0.02	0.06	-	-
Total Liabilities	327.39	293.48	258.29	178.45	146.69	153.9

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	48.18	48.18	48.18	48.18	49.07	141.38
Additional Paid-In Capital	48.74	52.34	50.64	49.38	45.54	32.44
Retained Earnings	105.47	99.17	79.17	69.28	51.23	39.7
Treasury Stock	-	-	-	-	-	-82.86
Comprehensive Income & Other	-	-	0.27	-0.04	-0.96	-1.24
Total Common Equity	202.39	199.69	178.26	166.8	144.88	129.42
Shareholders' Equity	202.39	199.69	178.26	166.8	144.88	141.4
Total Liabilities & Equity	529.78	493.16	436.56	345.25	291.57	295.3

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
Filing Date Shares Outstanding	31.72	31.88	31.59	31.76	31.51	27.45
Total Common Shares Outstanding	31.72	31.62	31.46	31.36	31.15	27
Working Capital	-4.7	-13.68	21.04	61.25	59.12	55.75
Book Value Per Share	6.38	6.31	5.67	5.32	4.65	4.79
Tangible Book Value	191.65	188.95	167.52	156.06	130.34	114.88
Tangible Book Value Per Share	6.04	5.97	5.32	4.98	4.18	4.25
Land	0.05	0.05	0.05	0.05	0.05	0.65
Buildings	189.71	183.77	104.08	101.54	86.03	88.06
Machinery	126.8	121.66	85.91	81.81	83.34	86.19
Construction In Progress	34.96	14.19	54.76	7.62	0.89	1.56

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

Data Sources Report a data error