Lincoln Educational Services financials
$21.54−0.83%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.6M | $144.0M | $142.9M | $141.4M | $116.5M | $117.5M | $119.4M | $114.4M | $102.9M | $103.4M | $102.5M | $99.6M |
| Gross profit | $82.9M | $85.6M | $89.0M | $84.1M | $69.7M | $70.1M | $74.3M | $66.4M | $57.4M | $60.3M | $61.5M | $56.5M |
| Gross margin | 58.2% | 59.4% | 62.3% | 59.5% | 59.8% | 59.7% | 62.2% | 58.0% | 55.7% | 58.4% | 60.0% | 56.7% |
| Operating income | $3.3M | $6.4M | $17.8M | $6.3M | $2.6M | $3.2M | $12.1M | $5.8M | -$512.0K | -$149.0K | $9.0M | $2.0M |
| Net income | $1.9M | $4.4M | $12.7M | $3.8M | $1.6M | $1.9M | $6.8M | $4.0M | -$682.0K | -$214.0K | $6.8M | $2.1M |
| Net margin | 1.4% | 3.0% | 8.9% | 2.7% | 1.3% | 1.7% | 5.7% | 3.5% | −0.7% | −0.2% | 6.6% | 2.1% |
| Diluted EPS | $0.06 | $0.14 | $0.40 | $0.12 | $0.05 | $0.06 | $0.22 | $0.13 | $-0.02 | $-0.01 | $0.22 | $0.07 |
| EBITDA | $10.7M | $13.6M | $24.3M | $11.3M | $6.9M | $6.5M | $15.2M | $8.6M | $2.0M | $2.8M | $9.0M | $3.7M |
| Operating cash flow | $22.1M | $4.6M | $43.5M | $23.9M | $299.0K | -$8.4M | $30.3M | $5.6M | $8.3M | -$14.9M | $21.9M | -$6.8M |
| Free cash flow | $7.6M | -$10.1M | $25.0M | $2.0M | -$26.1M | -$28.3M | $5.5M | -$13.8M | -$2.7M | -$16.6M | $9.9M | -$24.6M |
| Diluted shares | 31.4M | 31.3M | 31.4M | 31.3M | 31.3M | 31.1M | 31.6M | 31.0M | 30.7M | 30.3M | 31.0M | 30.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $44.2M | $16.7M | $28.5M | $13.5M | $16.7M | $28.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $56.9M | $36.0M | $31.1M | $39.2M | $43.9M | $30.4M |
| Total assets | $529.8M | $486.7M | $493.2M | $466.9M | $447.3M | $427.4M |
| Total liabilities | $327.4M | $287.9M | $293.5M | $281.1M | $266.6M | $249.7M |
| Shareholders' equity | $202.4M | $198.8M | $199.7M | $185.9M | $180.7M | $177.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology