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The financials
Lincoln Educational Services Corporation by the numbers
Lincoln Educational Services Corporation (LINC) reported revenue of $144M in Q1 2026 (quarter ended Mar 31, 2026), up 23% from the same quarter a year earlier. That came with a gross margin of 59% and net income of $4.4M (3.0% of revenue). For the full year FY2025, revenue was $518M (+18% year on year) and net income $20M. Its largest segment in Q3 2024 (quarter ended Sep 30, 2024) was Campus Operations at $8.9M, 81% of the disclosed total, well ahead of Transitional at 15%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $144M | $118M | +23% |
| Gross profit | $86M | $70M | +22% |
| Operating income | $6.4M | $3.4M | +88% |
| Net income | $4.4M | $1.9M | +124% |
| Diluted EPS | $0.14 | $0.06 | +133% |
| Operating | Revenue | Share |
|---|---|---|
| Campus Operations | $8.9M | 81% |
| Transitional | $1.7M | 15% |
| Transitional | $370K | 3.4% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $8.7M (-3.1%)
Campus Operations grew +55% year on year
Segment Latestquarter on quarteryear on year
- Campus Operations$8.7M$8.7MQoQ -3.1%year on year +55%-3.1%+55%
Education & Training Services
Ranks #12 of 14 by Smart Score