Lincoln Educational Services Corporation (LINC)

NASDAQ: LINC · Real-Time Price · USD

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23.30

-0.85 (-3.50%)

At close: Jan 2, 2026, 4:00 PM EST

23.31

+0.01 (0.03%)

After-hours: Jan 2, 2026, 4:00 PM EST

LINC Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	494.74	440.06	378.07	348.29	335.34	293.1	Upgrade
Revenue Growth (YoY)	16.90%	16.40%	8.55%	3.86%	14.41%	7.23%	Upgrade
Cost of Revenue	196.6	181.76	162.28	148.75	138.93	122.2	Upgrade
Gross Profit	298.14	258.31	215.8	199.54	196.41	170.9	Upgrade
Selling, General & Admin	273.88	243.8	209.14	182.39	196.32	156.2	Upgrade
Operating Expenses	273.88	243.8	209.14	182.39	196.32	156.2	Upgrade
Operating Income	24.26	14.5	6.66	17.15	0.08	14.7	Upgrade
Interest Expense	-3.18	-2.57	-0.35	-0.16	-2.02	-1.28	Upgrade
Interest & Investment Income	0.42	2.1	2.63	0.32	-	-	Upgrade
EBT Excluding Unusual Items	21.51	14.04	8.94	17.31	-1.93	13.43	Upgrade
Impairment of Goodwill	-	-	-3.8	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-0.75	-2.12	30.92	0.18	22.48	0.08	Upgrade
Asset Writedown	-	-	-0.42	-1.05	-0.7	-	Upgrade
Other Unusual Items	-	-	-	-	27.4	-	Upgrade
Pretax Income	20.75	14.71	35.64	16.44	47.25	13.51	Upgrade
Income Tax Expense	6.62	4.82	9.64	3.8	12.53	-35.06	Upgrade
Earnings From Continuing Operations	14.13	9.89	26	12.63	34.72	48.57	Upgrade
Net Income	14.13	9.89	26	12.63	34.72	48.57	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	3.42	8.62	11.75	Upgrade
Net Income to Common	14.13	9.89	26	9.21	26.1	36.81	Upgrade
Net Income Growth	43.49%	-61.95%	105.77%	-63.61%	-28.51%	2310.17%	Upgrade
Shares Outstanding (Basic)	31	31	30	26	25	25	Upgrade
Shares Outstanding (Diluted)	31	31	31	26	25	25	Upgrade
Shares Change (YoY)	1.29%	1.15%	18.01%	3.18%	1.34%	0.79%	Upgrade
EPS (Basic)	0.46	0.32	0.86	0.36	1.04	1.49	Upgrade
EPS (Diluted)	0.45	0.32	0.85	0.36	1.04	1.49	Upgrade
EPS Growth	40.12%	-62.35%	138.82%	-65.78%	-30.08%	1799.31%	Upgrade
Free Cash Flow	-46.8	-27.56	-15.14	-8.1	19.92	17.91	Upgrade
Free Cash Flow Per Share	-1.50	-0.89	-0.50	-0.31	0.79	0.72	Upgrade
Gross Margin	60.26%	58.70%	57.08%	57.29%	58.57%	58.31%	Upgrade
Operating Margin	4.90%	3.29%	1.76%	4.92%	0.02%	5.01%	Upgrade
Profit Margin	2.86%	2.25%	6.88%	2.65%	7.78%	12.56%	Upgrade
Free Cash Flow Margin	-9.46%	-6.26%	-4.00%	-2.33%	5.94%	6.11%	Upgrade
EBITDA	41.63	27.46	13.43	23.51	7.22	22.1	Upgrade
EBITDA Margin	8.42%	6.24%	3.55%	6.75%	2.15%	7.54%	Upgrade
D&A For EBITDA	17.37	12.96	6.77	6.36	7.14	7.4	Upgrade
EBIT	24.26	14.5	6.66	17.15	0.08	14.7	Upgrade
EBIT Margin	4.90%	3.29%	1.76%	4.92%	0.02%	5.01%	Upgrade
Effective Tax Rate	31.90%	32.76%	27.05%	23.13%	26.52%	-	Upgrade
Advertising Expenses	-	43.3	38.2	35	33.1	31.2	Upgrade

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q