NASDAQ:LINC
Lincoln Educational Services Corp.
Lincoln Educational Services Corp.'s revenue grew 17.8% in fiscal 2025 to $518.2M while operating margin rose to 5.8%. Free cash flow was −$27.3M, −5.3% of revenue, and the diluted share count rose 1.2%.Summary generated from Lincoln Educational Services Corp.'s SEC filings. Latest annual report filed Mar 2, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$518.2M
Revenue growth+17.8%
Revenue, 5-yr CAGR+12.1%
Gross margin60.4%
Operating margin5.8%
Net margin3.9%
ROICn/a
Return on equity10.6%
Debt / equityn/a
Free cash flow−$27.3M
FCF margin−5.3%
Share count change+1.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 335 | 348 | 378 | 440 | 518 |
| Operating income | 49 | 16 | 33 | 15 | 30 |
| Net income | 35 | 13 | 26 | 10 | 20 |
| Free cash flow | 20 | −8 | −15 | −28 | −27 |
Recent filings
- 8-KResults of operations and financial condition
Aug 10, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KEntry into a material agreement
Jul 10, 2026 - 4Insider transaction report
Jun 15, 2026 - 4Insider transaction report
Jun 15, 2026 - 8-KEntry into a material agreement
May 13, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 11, 2026 - 8-KResults of operations and financial condition
May 11, 2026