LINC
Lincoln Educational Services Corporation
NASDAQ · Consumer Defensive · Education & Training Services · US
$25.61
+0.51%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 570.8M | 518.2M | 440.1M | 378.1M | 348.3M |
| Cost of Revenue | 229.2M | 205.4M | 181.8M | 162.3M | 148.7M |
| Gross Profit | 341.6M | 312.9M | 258.3M | 215.8M | 199.5M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 283.7M | 282.9M | 243.8M | 209.1M | 182.4M |
| General & Admin Expense | 30.8M | — | — | 170.9M | 147.4M |
| Selling & Marketing Expense | 24.7M | — | — | 38.2M | 35.0M |
| Other Expenses | 24.0M | — | (675.0K) | (26.7M) | 872.0K |
| Total Operating Expenses | 307.7M | 282.9M | 243.1M | 182.4M | 183.3M |
| Cost and Expenses | 537.0M | 488.3M | 424.9M | 344.7M | 332.0M |
| Operating Income (EBIT) | 33.8M | 29.9M | 15.2M | 33.4M | 16.3M |
| Non-Operating | |||||
| Interest Income | 37.0K | 126.0K | 2.1M | 2.6M | 318.0K |
| Interest Expense | 3.8M | 3.4M | 2.6M | 347.0K | 160.0K |
| Net Interest Income | (3.7M) | (3.3M) | (466.0K) | 2.3M | 158.0K |
| Other Non-Op Income/Expense | (4.7M) | (3.8M) | (466.0K) | 2.3M | 158.0K |
| Non-Operating Income (excl Interest) | 965.0K | 394.0K | (2.1M) | (2.6M) | (318.0K) |
| EBT (Pre-Tax Income) | 29.1M | 26.1M | 14.7M | 35.6M | 16.4M |
| Income Tax Expense | 6.3M | 6.1M | 4.8M | 9.6M | 3.8M |
| Bottom Line | |||||
| Net Income | 22.8M | 20.0M | 9.9M | 26.0M | 12.6M |
| Earnings from Cont. Ops | 22.8M | 20.0M | 9.9M | 26.0M | 12.6M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 22.8M | 20.0M | 9.9M | 26.0M | 9.2M |
| Per Share | |||||
| Basic EPS | $0.74 | $0.65 | $0.32 | $0.86 | $0.36 |
| Diluted EPS | $0.74 | $0.65 | $0.32 | $0.85 | $0.36 |
| Revenue Per Share | $18.26 | $16.75 | $14.39 | $12.56 | $13.46 |
| Shares | |||||
| Basic Shares Outstanding | 31.3M | 30.9M | 30.6M | 30.1M | 25.9M |
| Diluted Shares Outstanding | 31.4M | 31.3M | 30.9M | 30.5M | 25.9M |
| Profitability Metrics | |||||
| EBITDA | 60.6M | 50.3M | 28.6M | 42.8M | 23.0M |
| D&A | 27.8M | 20.8M | 11.3M | 6.8M | 6.4M |
| EBIT | 32.9M | 29.5M | 17.3M | 36.0M | 16.6M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026