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NASDAQ · Real estateLincoln Educational Services Corp (LINC)
Lincoln Educational Services Corp brought in $588.6M of revenue over the twelve months to September 30, 2026, up 19.0% from a year earlier. Net income was $23.7M, a net margin of 4.0%. In fiscal 2025 capital spending exceeded operating cash flow by $27.3M. At September 30, 2026 it held $20.6M in cash against $25M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Lincoln Educational Services Corp
- Net worth
- Lincoln Educational Services Corp has a market value (market cap) of $697.9M at the latest share price, and shareholders' equity of $187.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $518.2M (+17.8% year on year), with net income of $20M. Over the 12 months to September 30, 2026: revenue $588.6M, net income $23.7M.
- Cash flow
- In fiscal 2025 operations brought in $59.3M of cash; after $86.6M of capital spending, free cash flow was -$27.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Lincoln Educational Services Corp's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Lincoln Educational Services Corp does
Lincoln Educational Services Corp is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NASDAQ under the ticker LINC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $518.2M | $20M | $0.64 | -$27.3M |
| 2024 | $440.1M | $9.9M | $0.32 | -$27.6M |
| 2023 | $378.1M | $26M | $0.85 | -$15.1M |
| 2022 | $348.3M | $12.6M | $0.36 | -$8.1M |
| 2021 | $335.3M | $34.7M | $1.04 | $19.9M |
| 2020 | $293.1M | $48.6M | $1.49 | $17.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LINC ranks in Real estate
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2016 | n/a | $0 | n/a |
| 2015 | n/a | $0 | n/a |
| 2014 | $0.18 | $4.3M | n/a |
| 2013 | $0.28 | $6.7M | n/a |
| 2012 | $0.28 | $6.4M | n/a |
| 2011 | $0.07 | $18.5M | n/a |
Latest SEC filings
What Lincoln Educational Services Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 13% to $159.2M versus the same quarter last year; diluted EPS $0.15 versus $0.12.
- November 9, 2026
- August 10, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 22% to $142.6M versus the same quarter last year; diluted EPS $0.06 versus $0.05.
- July 29, 2026Passive stake changed SCHEDULE 13G/A
- July 10, 2026
- June 15, 2026Activist stake changed SCHEDULE 13D/A
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 13, 2026
- May 11, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 23% to $144M versus the same quarter last year; diluted EPS $0.14 versus $0.06.
Insider trades
What the people running Lincoln Educational Services Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 15, 2026 | Luster Alexandra MSVP and General Counsel | Sold | 18,007 | $803.8K |
| June 12, 2026 | Juniper Investment Company, LLCAffiliate | Soldindirect | 37,000 | $1.7M |
| June 11, 2026 | Juniper Investment Company, LLCAffiliate | Soldindirect | 11,812 | $565.4K |
| June 10, 2026 | Carney Kevin MDirector | Soldindirect | 3,000 | $144K |
| June 8, 2026 | Carney Kevin MDirector | Other change | 3,216 | - |
| June 8, 2026 | Carney Kevin MDirector | Other changeindirect | 3,216 | - |
| June 5, 2026 | Luster Alexandra MSVP and General Counsel | Sold | 1,993 | $99.9K |
| June 4, 2026 | Juniper Investment Company, LLCAffiliate | Soldindirect | 25,208 | $1.3M |
Who owns LINC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Alexis P. Michas13D, may seek influence with 6 related filers | 10.2% | December 2, 2024 |
| John A. Bartholdson13D, may seek influence with 6 related filers | 6.1% | June 15, 2026 |
Largest institutional holders
Insiders
15 insiders reported holding 3,851,017 shares in total, about $84.7M at the last price.
| Holder | Shares |
|---|---|
| Juniper Investment Company, LLCAffiliate | 1,732,9661,732,966 held indirectly |
| Shaw Scott MCEO, Director | 1,104,841 |
| Bartholdson John A.Director | 212,458 |
| Nyce Chad DEVP & Chief Operating Officer | 174,206 |
| Meyers Brian KCFO and Treasurer | 160,712 |
| Ace Stephen ESVP and Chief Human Resources | 150,079 |
| Burke James J JrDirector | 117,901 |
| Luster Alexandra MSVP and General Counsel | 82,356 |
| Carney Kevin MDirector | 27,53425,039 held indirectly |
| Plater Michael ADirector | 20,063 |
Questions about LINC
What does Lincoln Educational Services Corp do?
Lincoln Educational Services Corp is a company in the Real estate sector, listed on NASDAQ as LINC. Its shares trade on NASDAQ under the ticker LINC.
What is Lincoln Educational Services Corp's net worth?
Lincoln Educational Services Corp has a market value (market cap) of $697.9M at the latest share price, and shareholders' equity of $187.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Lincoln Educational Services Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $23.7M on revenue of $588.6M, a net margin of 4.0%.
How much revenue does Lincoln Educational Services Corp make?
Over the twelve months to September 30, 2026 Lincoln Educational Services Corp reported revenue of $588.6M. That is 19.0% more than a year earlier.
When did Lincoln Educational Services Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Lincoln Educational Services Corp's next earnings report?
Lincoln Educational Services Corp's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Lincoln Educational Services Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.