LINC
Lincoln Educational Services Corporation23.21
+0.37+1.62%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
733.99MP/E (TTM)
51.58Basic EPS (TTM)
0.45Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Q2 revenue jumps 13.2%
Lincoln Educational Services reported Q2 2025 revenue of $116.5 million, up 13.2% year-over-year, fueled by 19.5% higher student starts and 18.2% population growth, while adjusted EBITDA surged 68.4% to $10.5 million on improved efficiencies. Campus relocations in Nashville and Levittown, plus Houston's impending Q4 launch, bolster expansion. Momentum builds. The company raised full-year guidance to $490-$500 million revenue and $60-$65 million adjusted EBITDA, though regulatory risks loom.
10-Q
Q2 FY2025 results
Lincoln Educational swung to profitability in Q2 FY2025 ended June 30, 2025, with revenue climbing 13.2% year-over-year to $116.5 million on 16.0% average student population growth, while operating income flipped from a $1.1 million loss to $2.9 million gain; six-month revenue rose 13.4% to $234.0 million, yielding $6.3 million operating income versus a $1.6 million loss last year (derived). Gross margins improved to 59.8% from 55.7%, fueled by enrollment momentum across campus operations, though SG&A climbed 15.9% on administrative and student support costs. Cash dipped to $16.7 million after $46.3 million capex for expansions like Houston and Hicksville campuses, offset by $13.0 million drawn on the $60 million credit facility maturing March 2028. Free cash flow turned negative at $(54.4 million) from operating outflow minus capex (derived). Yet regulatory shifts in Title IV funding loom large.
8-K
Annual meeting approves directors, repurchases
Lincoln Educational Services held its 2025 Annual Meeting on May 8, electing all 10 director nominees with strong shareholder support, approving executive compensation advisory and ratifying Deloitte as auditors. The board extended its $40 million share repurchase program, with $29.7 million remaining after buying back 1.7 million shares for $10.3 million. Shareholders viewed a presentation outlining 2024's 16% revenue growth and 2027 projections of $90 million revenue and $42 million adjusted EBITDA from new programs and campuses. Strong backing signals confidence in expansion.
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