FY2025 · ended Dec 31, 2025 · Revenue $518.24M, +17.8% YoY · Filed Mar 2, 2026
Lincoln Educational Services Corporation (LINC) files with the SEC under industry code 8200, Services-Educational Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $518.2 million and net income of $20.0 million. Free cash flow was -$27.3 million. As of Jun 30, 2026 it held $44.2 million in cash and investments and $228.1 million in total debt.
Revenue (TTM)
$570.78M
+22.0% vs year-ago TTM
Net income (TTM)
$22.80M
+59.6% vs year-ago TTM
Operating cash flow (TTM)
$94.02M
+237.9% vs year-ago TTM
Free cash flow (TTM)
$24.53M
+139.2% vs year-ago TTM
EPS (TTM)
$173.27
+250.9% vs year-ago TTM
Dividend per share
$0.18
Shares outstanding
31.88M
+0.9% vs prior year
Net cash
$-183.92M
as of Jun 30, 2026
Operating margin
5.9%
FY 2026
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- LINC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NJ
- Headquarters
- Parsippany, NJ
- SEC filer status
- Accelerated filer
- SEC CIK
- 1286613
Other Services-Educational Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $518.2M | $440.1M | $378.1M | $348.3M | $335.3M |
| Operating income | $30.3M | $15.2M | $33.4M | $16.3M | $49.3M |
| Net income | $20.0M | $9.9M | $26.0M | $12.6M | $34.7M |
| Diluted EPS | $0.64 | $0.32 | $0.85 | $0.36 | $1.04 |
| Operating cash flow | $59.3M | $29.3M | $25.6M | $882,000 | $27.4M |
| Free cash flow | -$27.3M | -$27.6M | -$15.1M | -$8.1M | $19.9M |
| Total assets | $493.2M | $436.6M | $345.2M | $291.6M | $295.3M |
| Total liabilities | $293.5M | $258.3M | $178.4M | $146.7M | $153.9M |
| Stockholders' equity | $199.7M | $178.3M | $166.8M | $144.9M | $129.4M |
| Cash and investments | $28.5M | $59.3M | $76.0M | $60.8M | $83.3M |
| Total debt | $203.9M | $177.6M | $116.8M | $100.6M | $97.9M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, New debt
|
Jul 10, 2026 | Jul 7, 2026 |
| 8-K |
Current report
Material agreement
|
May 13, 2026 | May 12, 2026 |
| 10-Q | Quarterly report | May 11, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 11, 2026 | May 11, 2026 |
All 1001 Lincoln Educational Services Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.