LINCOLN EDUCATIONAL SERVICES CORP (LINC) Form 10-Q — Aug 10, 2026
Lincoln Educational Services posted a strong Q2 2026: revenue rose 22.4% year over year to $142.6 million, with net income of $1.9 million and diluted EPS of $0.06 versus $0.05 a year ago. Growth was driven primarily by a 14.5% adjusted increase in average student population, with the remainder from tuition increases. Enrollment momentum was the standout metric. Total new student starts jumped to 5,969 from 3,157, average student population grew 17.9% to 18,343, and end-of-period population surged 31.7% to 18,905.
Key figures
- Eps
- 0.06
- Revenue
- 142560000
- Net Income
- 1946000
- Total Debt
- 26000000
- Revenue Yoy
- 22.4%
- Cash Position
- 44178000
- Shares Outstanding
- 31721479
- Campuses
- 22 campuses in 12 states
- Capex six months
- 29100000
- Unearned tuition
- 51900000
- Revenue six months
- 286518000
- Melrose park mortgage
- 15000000
- Net income six months
- 6302000
- New student starts q2
- 5969
- Eps six months diluted
- 0.2
- Revenue six months yoy
- 22.4%
- Credit facility capacity
- 125000000
- Credit facility maturity
- April 11, 2031
- Avg student population q2
- 18343
- Sga percent of revenue q2
- 55.9% vs 57.6% prior year
- Avg student population yoy
- 17.9%
- Melrose park mortgage rate
- 5.99% fixed first five years, then 1.75% over 5-yr UST with 5.00% floor
- Revolver margin sofr range
- 1.50%-2.25%
- End of period population yoy
- 31.7%
- Melrose park acquisition price
- 18800000
- Melrose park mortgage maturity
- July 1, 2036
- Operating cash flow six months
- 26633000
- Buyback remaining authorization
- 29700000
- End of period student population
- 18905
- Net income six months prior year
- 3499000
- Title iv share of 2025 cash receipts
- approximately 85%
- Institutional student loan commitments
- 62100000
Price after filing
Close on the filing date to close N calendar days later (from $40.99). Historical, not a forecast.
AI analysis
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