# Lincoln Educational Services Corp: overview

LINC · Nasdaq · CIK 1286613 · [Other](/sectors/other.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/linc.md) · [Financials](/companies/linc/financials.md) · [Filings](/companies/linc/filings.md) · [Insiders](/companies/linc/insiders.md)

Latest reported revenue: [$142.6m](/filings/0001140361-26-031995.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001140361-26-031995).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [114](/filings/0001140361-25-041363.md) | [119 d](/filings/0001140361-26-007380.md) | [118](/filings/0001140361-26-020546.md) | [116](/filings/0001140361-26-031995.md) | [141](/filings/0001140361-25-041363.md) | [143 d](/filings/0001140361-26-007380.md) | [144](/filings/0001140361-26-020546.md) | [143](/filings/0001140361-26-031995.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [5.1%](/filings/0001140361-25-041363.md) | [9.2% d](/filings/0001140361-26-007380.md) | [2.9%](/filings/0001140361-26-020546.md) | [2.5%](/filings/0001140361-26-031995.md) | [4.4%](/filings/0001140361-25-041363.md) | [12.4% d](/filings/0001140361-26-007380.md) | [4.5%](/filings/0001140361-26-020546.md) | [2.3%](/filings/0001140361-26-031995.md) |
| Net margin | % | [3.5%](/filings/0001140361-25-041363.md) | [5.7% d](/filings/0001140361-26-007380.md) | [1.7%](/filings/0001140361-26-031995.md) | [1.3%](/filings/0001140361-26-031995.md) | [2.7%](/filings/0001140361-25-041363.md) | [8.9% d](/filings/0001140361-26-007380.md) | [3.0%](/filings/0001140361-26-031995.md) | [1.4%](/filings/0001140361-26-031995.md) |
| Diluted EPS | $ per share | [0.13](/filings/0001140361-25-041363.md) | not reported | [0.06](/filings/0001140361-26-020546.md) | [0.05](/filings/0001140361-26-031995.md) | [0.12](/filings/0001140361-25-041363.md) | not reported | [0.14](/filings/0001140361-26-020546.md) | [0.06](/filings/0001140361-26-031995.md) |
| Free cash flow | $m | [(13.8) d](/filings/0001140361-25-041363.md) | [5.5 d](/filings/0001140361-26-007380.md) | [(28.3)](/filings/0001140361-26-020546.md) | [(26.1) d](/filings/0001140361-26-031995.md) | [2.0 d](/filings/0001140361-25-041363.md) | [25.0 d](/filings/0001140361-26-007380.md) | [(10.1)](/filings/0001140361-26-020546.md) | [7.6 d](/filings/0001140361-26-031995.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [335](/filings/0001140361-23-010514.md) | [348](/filings/0001140361-25-006937.md) | [378](/filings/0001140361-26-007380.md) | [440](/filings/0001140361-26-007380.md) | [518](/filings/0001140361-26-007380.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [14.7%](/filings/0001140361-23-010514.md) | [4.7%](/filings/0001140361-25-006937.md) | [8.8%](/filings/0001140361-26-007380.md) | [3.4%](/filings/0001140361-26-007380.md) | [5.8%](/filings/0001140361-26-007380.md) |
| Net margin | % | [10.4%](/filings/0001140361-23-010514.md) | [3.6%](/filings/0001140361-25-006937.md) | [6.9%](/filings/0001140361-26-007380.md) | [2.2%](/filings/0001140361-26-007380.md) | [3.9%](/filings/0001140361-26-007380.md) |
| Diluted EPS | $ per share | [1.04](/filings/0001140361-23-010514.md) | [0.36](/filings/0001140361-25-006937.md) | [0.85](/filings/0001140361-26-007380.md) | [0.32](/filings/0001140361-26-007380.md) | [0.64](/filings/0001140361-26-007380.md) |
| Free cash flow | $m | [19.9](/filings/0001140361-23-010514.md) | [(8.1)](/filings/0001140361-25-006937.md) | [(15.1)](/filings/0001140361-25-006937.md) | [(27.6)](/filings/0001140361-26-007380.md) | [(27.3)](/filings/0001140361-26-007380.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/linc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $123.9m | 2,483,081 |  | Added +300,567 |
| [Juniper Investment Company, LLC](/funds/1794034.md) | 2026-06-30 | $86.5m | 1,732,966 |  | Reduced −205,345 |
| [NEEDHAM INVESTMENT MANAGEMENT LLC](/funds/1167212.md) | 2026-06-30 | $66.1m | 1,325,000 |  | Added +47,500 |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $63.6m | 1,562,856 |  | Added +1,534,396 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $61.0m | 1,221,492 |  | Added +19,362 |
| [NEXT CENTURY GROWTH INVESTORS LLC](/funds/1134007.md) | 2026-06-30 | $58.7m | 1,175,462 |  | Added +134,860 |
| [Driehaus Capital Management LLC](/funds/938206.md) | 2026-06-30 | $47.5m | 951,576 |  | Added +274,653 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $43.8m | 877,173 |  | Added +136,404 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $40.6m | 814,084 |  | Added +5,782 |
| [Alyeska Investment Group, L.P.](/funds/1453072.md) | 2026-06-30 | $36.5m | 730,658 |  | Reduced −47,175 |

## Recent filings

[All 1,052 filings](/companies/linc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-10 | 15:09 ET | [8-K](/filings/0001140361-26-031997.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001140361-26-031997 |
| 2026-08-10 | 14:57 ET | [10-Q](/filings/0001140361-26-031995.md) | Quarterly report, period 2026-06-30 | 0001140361-26-031995 |
| 2026-07-10 | 16:55 ET | [8-K](/filings/0001140361-26-028230.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001140361-26-028230 |
| 2026-06-15 | 18:47 ET | [SCHEDULE 13D/A](/filings/0001214659-26-007483.md) | Ownership report, active investor, amended | 0001214659-26-007483 |
| 2026-05-13 | 16:50 ET | [8-K](/filings/0001140361-26-021084.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001140361-26-021084 |
| 2026-05-11 | 16:06 ET | [10-Q](/filings/0001140361-26-020546.md) | Quarterly report, period 2026-03-31 | 0001140361-26-020546 |
| 2026-05-11 | 15:47 ET | [8-K](/filings/0001140361-26-020531.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001140361-26-020531 |
| 2026-05-11 | 19:25 ET | [8-K](/filings/0001140361-26-020318.md) | 5.07 Shareholder vote results; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-020318 |
| 2026-04-16 | 17:59 ET | [8-K](/filings/0001140361-26-014854.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-014854 |
| 2026-03-26 | 09:00 ET | [DEF 14A](/filings/0001140361-26-011290.md) | Proxy statement, period 2026-05-07 | 0001140361-26-011290 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001140361-26-007380.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5a414efa-db78-4e05-9750-9031faecbb38)

## About the filer

- CIK: 1286613
- Tickers: LINC
- Exchange: Nasdaq
- SIC code: 8200 Services-Educational Services
- State of incorporation: NJ
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:36 ET. No prices; not investment advice.