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LINCOLN EDUCATIONAL SERVICES CORP

LINC

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Subscriber-only column
Assets Current
Cash And Cash Equivalents At Carrying Value
441729131729595467697642
Accounts Receivable Net Current
464237514747435344403640
Short Term Investments
----------024
Restricted Cash Current
------000144
Inventory Net
424352332233
Prepaid Taxes
----3-------
Income Taxes Receivable
2121--0-----
Prepaid Expense And Other Assets Current
578888444667
Assets Held For Sale Not Part Of Disposal Group Cu…
--000010001010
Assets Current
1067687778086111115119119135131
Property Plant And Equipment Net
1911791721601491261047559525138
Other Assets
Assets Noncurrent
Accounts Receivable Net Noncurrent
222121232117202017171817
Deferred Finance Costs Net
-0000000000-
Deferred Income Tax Assets Net
222222252525252323232325
Operating Lease Right Of Use Asset
1521511541421331331361301071039093
Finance Lease Right Of Use Asset
-25252526262727282816-
Goodwill
111111111111111111111111
Defined Benefit Plan Assets For Plan Benefits Nonc…
--022221111-
Other Assets Noncurrent
221111111121
Assets Noncurrent Other Than Noncurrent Investment…
233231235229219215222213187184160147
Assets
530487493467447427437404366355345316
Liabilities Current
Contract With Customer Liability Current
523944332829312324222722
Accounts Payable Current
312827353434372819141818
Accrued Liabilities Current
1714181715912121291413
Accrued Income Taxes Current
--0001100233
Operating Lease Liability Current
11101110111091012121211
Finance Lease Liability Current
-000--00000-
Liabilities Current
11192101968883907367607366
Liabilities Noncurrent
Defined Benefit Pension Plan Liabilities Noncurren…
----------01
Other Liabilities Current
------0---00
Operating Lease Liability Noncurrent
1601601621461341361391311061028992
Finance Lease Liability Noncurrent
-31313131302929292916-
Other Liabilities Noncurrent
--000000000-
Long Term Debt Noncurrent
265-813-------
Liabilities
327288293281267250258234202191178159
Stockholders Equity
Common Stock Value Outstanding
484848484848484848484848
Additional Paid In Capital
494752515048514948474948
Retained Earnings Accumulated Deficit
10510499868381797268696962
Accumulated Other Comprehensive Income Loss Net Of…
--00000-0-0-0-0-1
Stockholders Equity
202199200186181178178170165164167157
Liabilities And Stockholders Equity
530487493467447427437404366355345316
Allowance For Doubtful Accounts Receivable Current
414544484351434039373435
Accumulated Depreciation Depletion And Amortizatio…
161155148150145144141141143142140140
Allowance For Doubtful Accounts Receivable Noncurr…
272626272520232219191917
Common Stock No Par Value
000000000000
Assets
Common Stock Shares Authorized
100100100100100100100100100100100100
Common Stock Shares Issued
323232323232313131313131
Liabilities And Stockhold…
Temporary Equity
Shares Outstanding
323232323232313131313131

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-3.05%5.72%-15.52%---------
20258.11%7.79%8.07%-3.92%12.54%-3.72%10.96%16.09%32.77%11.08%6.19%31.41%
2024-4.17%-3.03%16.93%2.22%-1.64%1.97%-3.73%-8.88%-3.43%-11.34%-1.92%24.27%
2023------0.53%5.68%-2.21%4.87%2.64%20.20%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
0.96
0.83
0.86
0.81
0.90
1.04
1.23
1.57
1.78
1.98
1.83
1.98
Quick Ratio
0.88
0.73
0.75
0.69
0.76
0.91
1.15
1.49
1.69
1.84
1.72
1.83
Working Capital
-4.70M
-15.90M
-13.68M
-18.55M
-8.62M
3.28M
21.04M
41.98M
52.50M
58.87M
61.25M
64.58M
Leverage & Debt
Debt to Equity
1.62
1.45
1.47
1.51
1.48
1.40
1.45
1.38
1.22
1.16
1.07
1.01
Interest Coverage TTM
8.94
9.44
8.93
7.40
8.10
7.06
5.92
6.10
6.14
38.26
96.13
297.69
Debt Ratio
0.62
0.59
0.60
0.60
0.60
0.58
0.59
0.58
0.55
0.54
0.52
0.50
Efficiency & Turnover
Asset Turnover TTM
1.17
1.19
1.11
1.14
1.15
1.16
1.13
1.18
1.21
1.24
1.19
1.21
Days Sales Outstanding TTM
29.78
29.82
28.14
38.46
35.44
35.26
32.63
40.27
33.80
34.88
35.17
35.85
Receivables Turnover TTM
12.26
12.24
12.97
9.49
10.30
10.35
11.19
9.06
10.80
10.46
10.38
10.18
Per Share Metrics
Diluted EPS TTM
0.73
0.72
0.64
0.45
0.46
0.39
0.32
0.32
0.26
0.85
0.85
0.90
Free Cash Flow Per Share TTM
0.78
-0.29
-0.88
-1.51
-2.02
-1.27
-0.90
-0.75
-1.11
-0.93
-0.50
-0.89
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
Margin Metrics
Gross Profit Margin TTM
59.84%
60.28%
60.37%
60.26%
59.94%
59.02%
58.70%
58.02%
57.71%
57.58%
57.08%
57.05%
Operating Profit Margin TTM
5.91%
6.11%
5.85%
4.75%
4.93%
4.19%
3.45%
3.12%
2.30%
8.63%
8.82%
9.73%
Net Profit Margin TTM
3.99%
4.11%
3.86%
2.86%
3.05%
2.65%
2.25%
2.33%
1.95%
6.57%
6.88%
7.56%
Growth Metrics
Net Revenue Growth (1Y)
22.02%
19.92%
17.76%
16.90%
14.53%
15.24%
16.40%
15.21%
13.60%
11.65%
8.55%
6.68%
Net Income Growth (1Y)
59.62%
85.99%
102.18%
43.48%
79.46%
-53.46%
-61.95%
-64.53%
-72.78%
111.31%
105.77%
-0.98%
EPS Growth (1Y)
58.26%
84.07%
99.82%
42.00%
77.55%
-54.23%
-62.54%
-65.12%
-73.24%
109.48%
76.89%
-16.68%
Valuation Metrics
P/E TTM
68.41
56.51
37.37
51.55
50.01
40.58
48.91
37.20
45.68
12.09
11.63
9.18
P/B TTM
7.71
6.37
3.74
3.92
3.95
2.75
2.71
2.16
2.21
1.90
1.81
1.62
P/S TTM
2.73
2.32
1.44
1.47
1.53
1.08
1.10
0.87
0.89
0.79
0.80
0.69
Market Cap
1.56B
1.27B
747.25M
728.50M
714.33M
488.94M
483.78M
366.34M
363.63M
313.01M
302.26M
254.88M
Enterprise Value
1.54B
1.26B
749.85M
723.45M
710.63M
490.66M
453.76M
341.74M
325.34M
272.05M
238.18M
208.89M
Calculated Values
Free Cash Flow TTM
24.53M
-9.12M
-27.32M
-46.80M
-62.59M
-39.21M
-27.56M
-23.16M
-33.97M
-28.30M
-15.14M
-26.74M
Net Debt
-18.18M
-11.19M
2.60M
-5.05M
-3.70M
1.71M
-30.01M
-24.60M
-38.29M
-40.97M
-64.07M
-45.99M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-15Sale
Owner: Luster, Alexandra M
Title: SVP and General Counsel
Shares: 18,007
Price/Share: $44.64
Value: $803,832.48
Shares Owned: 82,356
Relationship: Officer
Ownership: Direct
2026-06-12Sale
Owner: Juniper, Investment Compa…
Title: -
Shares: 37,000
Price/Share: $46.88
Value: $1,734,560.00
Shares Owned: 1,732,966
Relationship: Other
Ownership: Indirect
2026-06-10Sale
Owner: Carney, Kevin M
Title: -
Shares: 3,000
Price/Share: $48.00
Value: $144,000.00
Shares Owned: 25,039
Relationship: Director
Ownership: Indirect
2026-06-05Sale
Owner: Luster, Alexandra M
Title: SVP and General Counsel
Shares: 1,993
Price/Share: $50.11
Value: $99,869.23
Shares Owned: 100,363
Relationship: Officer
Ownership: Direct
2026-06-04Sale
Owner: Juniper, Investment Compa…
Title: -
Shares: 25,208
Price/Share: $51.13
Value: $1,288,885.04
Shares Owned: 1,781,778
Relationship: Other
Ownership: Indirect

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Institutional Ownership

No data available for chart
2026-03-31
85.27%
Inst. Shares: 26,544,419
Shares Outstanding: 31,129,929
2025-12-31
85.19%
Inst. Shares: 26,360,964
Shares Outstanding: 30,942,000
2025-09-30
83.50%
Inst. Shares: 25,884,646
Shares Outstanding: 31,000,002
2025-06-30
80.66%
Inst. Shares: 24,996,680
Shares Outstanding: 30,990,392
2025-03-31
73.65%
Inst. Shares: 22,691,525
Shares Outstanding: 30,809,306

LINCOLN EDUCATIONAL SERVICES CORP (LINC) — SEC Financial Statements & Analysis

LINCOLN EDUCATIONAL SERVICES CORP (LINC) is a services-educational services company, incorporated in NJ. LINCOLN EDUCATIONAL SERVICES CORP trades on Nasdaq as: LINC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), LINCOLN EDUCATIONAL SERVICES CORP reported a 22.02% year-over-year revenue growth, a Gross Profit Margin of 59.84% (TTM), a Debt-to-Equity ratio of 1.62x, a Price-to-Sales (P/S) ratio of 2.73x (TTM), a Price-to-Book (P/B) ratio of 7.71x (TTM), at a market cap of $1.56B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
22.02%
Gross Profit Margin TTM
59.84%
Debt To Equity
1.62x
P/S TTM
2.73x
P/B TTM
7.71x
Market Cap
$1.56B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is LINCOLN EDUCATIONAL SERVICES CORP in?

LINCOLN EDUCATIONAL SERVICES CORP (LINC) operates in the Services-Educational Services industry.

What is LINC's market cap?

LINCOLN EDUCATIONAL SERVICES CORP (LINC) has a market capitalization of $1.56B as of 2026-06-30.

What is LINC's P/E ratio?

LINCOLN EDUCATIONAL SERVICES CORP (LINC)'s trailing twelve month P/E ratio is 68.41x as of 2026-06-30.

What exchange does LINC trade on?

LINCOLN EDUCATIONAL SERVICES CORP (LINC) trades on the Nasdaq.

Where is LINCOLN EDUCATIONAL SERVICES CORP incorporated?

LINCOLN EDUCATIONAL SERVICES CORP is incorporated in NJ.

Wall Street's data.
Main Street's price.