Lincoln Educational Services Corporation

Consumer Defensive · Education & Training Services

22.50$ -5.9% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Income Statement

Lincoln Educational Services Corporation (LINC) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 518 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement LINC
Line item	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	106	139	199	261	299	322	328	377	553	639	513	403	345	325	193	197	262	263	273	293	335	348	378	440	518
Cost of Revenue	53	67	85	105	122	137	140	154	211	240	223	192	173	164	92	95	129	125	123	122	139	149	162	182	205
Gross Profit	53	73	114	156	178	185	188	223	341	400	290	210	172	161	101	102	132	138	150	171	196	200	216	258	313
Research & Development	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	–	–	98	131	145	157	162	188	253	271	244	174	163	150	70	75	112	112	115	125	136	147	171	201	283
Total Operating Expenses	59	-71	98	131	145	157	162	188	253	271	244	204	178	168	98	103	139	141	145	156	147	183	182	243	283
Operating Income	-6.2	2.0	16	25	33	28	26	36	88	123	35	-28	-9.6	-49	0.8	-5.2	-4.7	-4.0	5.2	15	49	16	33	15	30
Interest Expense	0.0	0.0	0.0	0.0	0.0	2.3	2.3	2.2	4.3	4.5	4.4	4.5	4.3	3.4	8.0	6.1	7.1	2.4	3.0	1.3	2.0	0.2	0.3	2.6	3.4
Pre-Tax Income	-7.6	-0.8	14	22	31	27	24	34	84	118	31	-32	-14	-54	-2.5	-4.3	-12	-6.3	2.3	84	47	16	36	15	26
Income Tax Expense	-2.9	-0.1	5.4	9.2	12	11	9.9	13	35	48	13	-8.2	20	-4.2	0.2	0.2	-0.3	0.2	0.3	35	13	3.8	9.6	4.8	6.1
Net Income	-4.6	-0.7	8.2	13	19	16	8.3	20	49	70	18	-37	-51	-56	-3.4	-28	-11	-6.5	2.0	49	35	13	26	9.9	20
EBITDA	-0.8	73	26	36	48	46	26	54	113	149	63	14	20	18	19	-11	4.0	4.5	13	22	7.2	23	43	29	50

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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