Lincoln Educational Services Corporation (LINC)
NASDAQ: LINC · Real-Time Price · USD
24.30
-0.86 (-3.42%)
Sep 1, 2026, 4:00 PM EDT - Market closed
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 | 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 |
| 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% |
Cost of Revenue | 229.22 | 205.39 | 181.76 | 162.28 | 148.75 | 138.93 |
Gross Profit | 341.56 | 312.85 | 258.31 | 215.8 | 199.54 | 196.41 |
Selling, General & Admin | 307.78 | 282.95 | 243.8 | 209.14 | 182.39 | 196.32 |
Other Operating Expenses | 0.93 | 0.93 | - | - | - | - |
Operating Expenses | 308.71 | 283.87 | 243.8 | 209.14 | 182.39 | 196.32 |
Operating Income | 32.86 | 28.98 | 14.5 | 6.66 | 17.15 | 0.08 |
Interest Expense | -3.78 | -3.39 | -2.57 | -0.35 | -0.16 | -2.02 |
Interest & Investment Income | 0.04 | 0.13 | 2.1 | 2.63 | 0.32 | - |
EBT Excluding Unusual Items | 29.12 | 25.71 | 14.04 | 8.94 | 17.31 | -1.93 |
Impairment of Goodwill | - | - | - | -3.8 | - | - |
Gain (Loss) on Sale of Assets | -0.04 | 0.41 | -2.12 | 30.92 | 0.18 | 22.48 |
Asset Writedown | - | - | - | -0.42 | -1.05 | -0.7 |
Other Unusual Items | - | - | - | - | - | 27.4 |
Pretax Income | 29.08 | 26.12 | 14.71 | 35.64 | 16.44 | 47.25 |
Income Tax Expense | 6.28 | 6.12 | 4.82 | 9.64 | 3.8 | 12.53 |
Net Income | 22.8 | 20 | 9.89 | 26 | 12.63 | 34.72 |
Preferred Dividends & Other Adjustments | - | - | - | - | 3.42 | 8.62 |
Net Income to Common | 22.8 | 20 | 9.89 | 26 | 9.21 | 26.1 |
Net Income Growth | 59.60% | 102.18% | -61.95% | 182.24% | -64.71% | -29.10% |
Shares Outstanding (Basic) | 31 | 31 | 31 | 30 | 26 | 25 |
Shares Outstanding (Diluted) | 31 | 31 | 31 | 31 | 26 | 25 |
Shares Change | 0.40% | 1.20% | 1.15% | 18.01% | 3.18% | 1.34% |
EPS (Basic) | 0.73 | 0.65 | 0.32 | 0.86 | 0.36 | 1.04 |
EPS (Diluted) | 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% |
Additional Metrics
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 |
Free Cash Flow | 24.53 | -27.32 | -27.56 | -15.14 | -8.1 | 19.92 |
Free Cash Flow Per Share | 0.78 | -0.87 | -0.89 | -0.50 | -0.31 | 0.79 |
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% |
Profit Margin | 4.00% | 3.86% | 2.25% | 6.88% | 2.65% | 7.78% |
Free Cash Flow Margin | 4.30% | -5.27% | -6.26% | -4.00% | -2.33% | 5.94% |
EBITDA | 60.64 | 49.81 | 27.46 | 13.43 | 23.51 | 7.22 |
EBITDA Margin | 10.62% | 9.61% | 6.24% | 3.55% | 6.75% | 2.15% |
D&A For EBITDA | 27.78 | 20.83 | 12.96 | 6.77 | 6.36 | 7.14 |
EBIT | 32.86 | 28.98 | 14.5 | 6.66 | 17.15 | 0.08 |
EBIT Margin | 5.76% | 5.59% | 3.29% | 1.76% | 4.92% | 0.02% |
Effective Tax Rate | 21.58% | 23.43% | 32.76% | 27.05% | 23.13% | 26.52% |
Advertising Expenses | - | 48.3 | 43.3 | 38.2 | 35 | 33.1 |