Legacy Education Inc.

LGCY: 8-K · earnings release

Legacy Education (NYSE American: LGCY) reported record fiscal 2026 results, with revenue up 24.8% to $80.1 million and net income up 21.3% to $9.1 million for the year ended June 30, 2026. Q4 was even stronger, with revenue up 12.0% to $20.1 million, net income up 53.3% to $1.9 million, and diluted EPS up 44.4% to $0.13. Adjusted EBITDA for the year reached $13.6 million. Growth was driven by a 9.0% increase in new student starts and a year-end student population of 3,377, up 8.9%. The company also expanded capacity at High Desert Medical College campuses, signed a lease for its first planned Houston, Texas campus, and won maximum reaccreditation terms for two schools. Watch items include rising bad debt expense of roughly $4.0 million (5% of revenue) and G&A growing faster than revenue at 26.7%, though management says it enters fiscal 2027 with strong momentum.

SEC 8-K•26d ago

Legacy Education Delivers Record Fiscal 2026 Results with 25% Revenue Growth and Continued Enrollment Gains

Legacy Education reported record fiscal 2026 results, with revenue up 24.8% to $80.1 million and net income up 21.3% to $9.1 million. Fourth-quarter revenue grew 12% to $20.1 million with net income up 53.3% to $1.9 million, and the year ended with a student population of 3,377, up 8.9%. Part of the FY growth reflects a full year of the CCMCC acquisition versus a half year in fiscal 2025. Strategically, the company expanded capacity at its Lancaster and Temecula campuses, signed a lease for its first Texas campus in Houston, and added new degree and certificate programs launching in fiscal Q2 2027. The balance sheet shows $22.7 million in cash against $12.4 million in current liabilities, but bad debt expense of about $4.0 million (5% of revenue) remains a watch item tied to enrollment growth.

•1mo ago

Legacy Education Expands into Texas with New Central Coast College Campus in Houston

Legacy Education is entering the Texas market with a new Central Coast College campus in Houston, anchored by a signed lease on an approximately 28,000-square-foot facility at 10496 Katy Freeway. The campus is planned to open during the company's fiscal second quarter of 2027, offering career training programs similar to those at the Salinas, California flagship, subject to regulatory and accrediting approvals. Management framed Houston as a foundation for future growth, citing the region's large healthcare sector and demand for trained healthcare workers.

•1mo ago

Legacy Education Inc. Reports Third Quarter Fiscal 2026 Growth Across Revenue, Enrollment, and Earnings

Legacy Education reported Q3 fiscal 2026 revenue of $21.4 million, up 15% year-over-year, driven by a 9.4% increase in student enrollment to 3,550. Net income rose 7.5% to $3.0 million, while adjusted EBITDA grew 12.6% to $4.4 million, reflecting operating efficiencies that lowered educational expenses as a percentage of revenue from 54.4% to 51.7%. For the nine-month period, revenue surged 29.7% to $60.0 million, with diluted EPS of $0.52. The company highlighted facility expansions and new program launches in surgical technology and sterile processing.

•5mo ago

LGCY: 10-Q · periodic report

Legacy Education Inc. reported revenue of $59.95 million for the nine months ended March 31, 2026, representing a 15% increase year-over-year driven by a 9.4% rise in student enrollment to 3,550. The company generated net income of $7.26 million and operating income of $9.20 million for the period, with basic EPS of $0.58. Cash and cash equivalents stood at $21.68 million, while total debt remained low at approximately $645,000. The filing highlights ongoing regulatory scrutiny from the U.S. Department of Education regarding Title IV program eligibility, including new accountability measures and borrower defense to repayment claims, though no material adverse effects were realized in this period.

SEC 10-Q•5mo ago

Legacy Education Announces Five-Year ACCET Reaccreditation for Contra Costa Medical Career College, Reinforcing Academic Quality

Legacy Education announced that its subsidiary, Contra Costa Medical Career College, received a five-year reaccreditation from the Accrediting Council for Continuing Education & Training. The maximum term reaffirms the college's academic oversight, student outcomes, and operational alignment with national standards. CEO LeeAnn Rohmann noted the milestone validates the strength of the recent acquisition and the company's integration strategy.

•5mo ago