Company research
LINCOLN EDUCATIONAL SERVICES CORP
CIK 1286613Updated Sep 26, 2026
SecurityLINC · NASDAQ · equity
LINC price & chart
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NASDAQ:LINC on TradingView ↗About the company
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education helping to provide solutions to America’s skills gap. Lincoln offers career-oriented programs to recent high school graduates and working adults in four principal areas of study: skilled trades, automotive, health sciences and information technology. Lincoln has provided the workforce with skilled technicians since its inception in 1946 and currently operates 22 campuses in 12 states under the brands Lincoln Technical Institute, Lincoln College of Technology and Nashville Auto Diesel College. The Company was incorporated in New Jersey in 2003 as the successor-in-interest to various acquired schools including Lincoln Technical Institute, Inc. which opened its first campus in Newark, New Jersey in 1946. For more information, please go to www.lincolntech.edu.
In the news
Shareholders who lost money in shares of acquired Lincoln Educational Services Corporation (NASDAQ: LINC) should contact Wolf Haldenstein Immediately ↗
Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.01, 2.03, 9.01
SCHEDULE 13D/A - filed by Juniper Investment Company, LLC regarding LINCOLN EDUCATIONAL SERVICES CORP
144 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 493,164,000Source | 436,556,000Source | 345,249,000Source | 291,566,000Source |
| Property, Plant and Equipment, NetUSD | 171,603,000Source | 103,533,000Source | 50,857,000Source | 23,940,000Source |
| GoodwillUSD | 10,742,000Source | 10,742,000Source | 10,742,000Source | 14,536,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 28,519,000Source | 59,273,000Source | 75,992,000Source | 46,074,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 36,929,000Source | 42,983,000Source | 35,692,000Source | 37,175,000Source |
| Inventory, NetUSD | 3,986,000Source | 3,053,000Source | 2,948,000Source | 2,618,000Source |
| Assets, CurrentUSD | 87,032,000Source | 111,252,000Source | 134,663,000Source | 114,135,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,872,000Source | 4,793,000Source | 5,556,000Source | 4,738,000Source |
| Operating Lease, Right-of-Use AssetUSD | 154,223,000Source | 136,034,000Source | 89,923,000Source | 93,097,000Source |
| Other Assets, NoncurrentUSD | 1,271,000Source | 1,387,000Source | 1,787,000Source | 812,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 293,476,000Source | 258,292,000Source | 178,445,000Source | 146,689,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 52,339,000Source | 50,639,000Source | 49,380,000Source | 45,540,000Source |
| Retained Earnings (Accumulated Deficit)USD | 99,168,000Source | 79,170,000Source | 69,279,000Source | 51,225,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | 274,000Source | -36,000Source | -960,000Source |
| Stockholders' Equity Attributable to ParentUSD | 199,688,000Source | 178,264,000Source | 166,804,000Source | 144,877,000Source |
| Liabilities and EquityUSD | 493,164,000Source | 436,556,000Source | 345,249,000Source | 291,566,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 100,709,000Source | 90,212,000Source | 73,410,000Source | 55,020,000Source |
| Operating Lease, Liability, CurrentUSD | 10,634,000Source | 9,497,000Source | 11,737,000Source | 9,631,000Source |
| Accounts Payable, CurrentUSD | 27,023,000Source | 37,026,000Source | 18,152,000Source | 10,496,000Source |
| Operating Lease, Liability, NoncurrentUSD | 162,113,000Source | 138,803,000Source | 88,853,000Source | 91,001,000Source |
| Other Liabilities, NoncurrentUSD | 0Source | 16,000Source | 56,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 18,430,000Source | 11,986,000Source | 13,680,000Source | 8,653,000Source |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | — | -274,000Source | 36,000Source | 960,000Source |
| Short-term InvestmentsUSD | — | — | 0Source | 14,758,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 19,161,000Source | 11,334,000Source | 6,596,000Source | 6,362,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,488,000Source | 4,629,000Source | 5,894,000Source | 3,111,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 53,652,000Source | 65,984,000Source | 45,757,000Source | 48,637,000Source |
| Increase (Decrease) in InventoriesUSD | 933,000Source | 184,000Source | 330,000Source | -103,000Source |
| Increase (Decrease) in Accounts PayableUSD | -9,292,000Source | 11,583,000Source | 5,039,000Source | -2,033,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,623,000Source | -2,242,000Source | 1,632,000Source | 1,294,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 59,311,000Source | 29,306,000Source | 25,558,000Source | 882,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -86,199,000Source | -46,971,000Source | 7,369,000Source | -21,354,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 86,633,000Source | 56,866,000Source | 40,699,000Source | 8,986,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 0Source | 891,000Source | 9,445,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,866,000Source | -3,331,000Source | -2,945,000Source | -12,548,000Source |
| Repayments of Long-term DebtUSD | 45,000,000Source | — | — | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 28,519,000Source | 59,273,000Source | 80,269,000Source | 50,287,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,190,000Source | 2,354,000Source | 110,000Source | 171,000Source |
| Income Taxes Paid, NetUSD | 6,169,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 142,000Source | 133,000Source | — | 0Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -461,000Source | — | — | — |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and CurtailmentUSD | 0Source | 0Source | -106,000Source | -81,000Source |
| DepreciationUSD | 20,800,000Source | 12,900,000Source | 6,800,000Source | 6,400,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 406,000Source | -2,119,000Source | 30,918,000Source | 177,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 406,000Source | -2,119,000Source | 30,918,000Source | 177,000Source |
| General and Administrative ExpenseUSD | 114,283,000Source | 89,415,000Source | — | — |
| GoodwillUSD | 10,742,000Source | 10,742,000Source | 10,742,000Source | 14,536,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | 4,220,000Source | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | 0Source |
| Income Tax Expense (Benefit)USD | 6,120,000Source | 4,820,000Source | 9,642,000Source | 3,802,000Source |
| Investment Income, InterestUSD | 126,000Source | 2,099,000Source | 2,628,000Source | 318,000Source |
| Net Income (Loss) Attributable to ParentUSD | 19,998,000Source | 9,891,000Source | 25,997,000Source | 12,634,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 9,891,000Source | 25,997,000Source | 9,211,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | 600,000Source |
| Payments of Financing CostsUSD | 121,000Source | 456,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 45,000,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 518,241,000Source | 440,064,000Source | 378,070,000Source | 348,287,000Source |
| Cost of RevenueUSD | 205,389,000Source | 181,759,000Source | 162,275,000Source | 148,746,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 282,946,000Source | 243,803,000Source | 209,135,000Source | 182,391,000Source |
| Operating Income (Loss)USD | 30,312,000Source | 15,177,000Source | 33,358,000Source | 16,278,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 26,118,000Source | 14,711,000Source | 35,639,000Source | 16,436,000Source |
| Income Tax Expense (Benefit)USD | 6,120,000Source | 4,820,000Source | 9,642,000Source | 3,802,000Source |
| Net Income (Loss) Attributable to ParentUSD | 19,998,000Source | 9,891,000Source | 25,997,000Source | 12,634,000Source |
| Earnings Per Share, BasicUSD per share | 0.65Source | 0.32Source | 0.86Source | 0.36Source |
| Earnings Per Share, DilutedUSD per share | 0.64Source | 0.32Source | 0.85Source | 0.36Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 30,942Source | 30,580,381Source | 30,105,194Source | 25,879,483Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 31,260Source | 30,890,790Source | 30,540,628Source | 25,879,483Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 487,929,000Source | 424,887,000Source | 344,712,000Source | 332,009,000Source |
| Current Income Tax Expense (Benefit)USD | 3,497,000Source | 7,062,000Source | 8,010,000Source | 2,508,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -461,000Source | — | — | — |
| General and Administrative ExpenseUSD | 114,283,000Source | 89,415,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 26,118,000Source | — | — | — |
| Interest ExpenseUSD | 3,394,000Source | 2,565,000Source | 347,000Source | 160,000Source |
| Investment Income, InterestUSD | 126,000Source | 2,099,000Source | 2,628,000Source | 318,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 9,891,000Source | 25,997,000Source | 9,211,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | 0Source | 0Source | 1,111,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | 0Source | 0Source | 1,111,000Source |
| Selling and Marketing ExpenseUSD | 84,551,000Source | 75,236,000Source | — | — |
Filing attachments
ef20079845_ex99-1.htm · 8-K · 2026-08-10
EX-99.1 2 ef20079845_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Lincoln Educational Services Reports Strong Second Quarter Financial Results; Reiterates Full Year Financial Guidance Conference Call Today, at 10:00 a.m. Eastern Standard Time PARSIPPANY, N.J., August 10, 2026 -- Lincoln Educational Services Corporation (Nasdaq: LINC) today reported financial results for the second quarter ended June 30, 2026, as well as recent business developments. Second Quarter 2026 Financial and Operational …
Read attachment ↗ef20072995_ex99-1.htm · 8-K · 2026-05-11
EX-99.1 2 ef20072995_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Lincoln Educational Services Reports Strong First Quarter Financial Results, Raises Guidance for Full-Year 2026 Conference Call Today, at 10:00 a.m. Eastern Standard Time PARSIPPANY, N.J., May 11, 2026 - Lincoln Educational Services Corporation (Nasdaq: LINC) today reported continued financial and operating momentum during the first quarter ended March 31, 2026, as well as recent business developments. First Quarter 2026 Financial…
Read attachment ↗ef20072864_ex99-1.htm · 8-K · 2026-05-11
EX-99.1 2 ef20072864_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Chief Executive Officer and President Shareholder Meeting 2026PRESENTED BY: SCOTT SHAW May 7, 2026 Safe Harbor Statement Statements contained in this presentation regarding Lincoln’s business that are not historical facts may be “forward-looking statements” within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the S…
Read attachment ↗ef20070646_ex99-1.htm · 8-K · 2026-04-16
EX-99.1 4 ef20070646_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives Enhanced liquidity and a strong balance sheet provide a solid foundation for sustained growth and long-term success PARSIPPANY, N.J., April 15, 2026 - Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into an amended and restated revolving credit facility with Fifth Third Bank, …
Read attachment ↗ef20068385_ex99-1.htm · 8-K · 2026-03-19
EX-99.1 2 ef20068385_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Lincoln Educational Services Reviews Strategic Growth Initiatives and Long-Term Financial Targets During Investor Day; First Quarter 2026 Student Start Growth Expected to Rise 19% Company Provides Five Year Outlook for Financial Performance Live Video Webcast of Investor Day Presentations Begins at 11:00 a.m. ET PARSIPPANY, N.J., March 19, 2026 - Lincoln Educational Services Corporation (Nasdaq: LINC) is hosting its 2026 Investor…
Read attachment ↗ef20068385_ex99-2.htm · 8-K · 2026-03-19
EX-99.2 3 ef20068385_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 PRESENTED BY: SCOTT SHAW Chief Executive Officer and President March 19, 2026 Safe Harbor Statement Statements contained in this presentation regarding Lincoln’s business that are not historical facts may be “forward-looking statements” within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933…
Read attachment ↗