Lincoln Educational Services Corporation

Lincoln Educational Services Corporation

LINC
Lincoln Educational Services CorporationUS flagNASDAQ Global Select
22.22
USD
-0.34
- -
704.85MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.58
9.56
13.21
12.18
10.95
10.78
11.13
11.84
13.37
13.46
12.56
14.39
16.75
18.35
Basic EPS, GAAP
-2.28
-2.46
-0.14
-1.21
-0.48
-0.27
0.08
1.91
1.34
0.45
0.86
0.32
0.65
0.73
Free Cash Flow per Basic Share
0.14
0.53
0.62
-0.26
-0.47
-0.07
0.04
0.95
1.09
0.03
0.85
0.96
1.92
3.02
Dividend per Share
0.3
0.19
- -
- -
- -
- -
- -
0.06
0.05
0.04
- -
- -
- -
- -
Book Value per Share
6.05
3.46
3.4
2.22
1.85
1.62
1.71
3.44
4.79
4.65
5.32
5.67
6.31
6.38
Tangible Book Value per Share
3.37
2.48
2.79
1.63
1.27
1.03
1.13
2.89
4.25
4.18
4.98
5.32
5.97
6.04
Basic Weighted Avg Shares
23
23
23
23
24
24
25
25
25
26
30
31
31
31
Sales/Revenue/Turnover
216
218
306
286
262
263
273
293
335
348
378
440
518
571
Operating Margin (%)
-1.73
-0.84
0.87
-2.56
-2.42
-1.3
1.71
5.02
8.2
4.92
1.76
3.3
5.59
5.76
Depreciation Expense
24
19
15
11
9
8
8
7
7
6
7
11
19
26
Net Income, GAAP
-51
-56
-3
-28
-11
-7
2
49
35
13
26
10
20
23
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
11.74
- -
26.52
23.13
27.05
32.76
23.43
21.58
Profit Margin (%)
-23.79
-25.74
-1.09
-9.91
-4.39
-2.49
0.74
16.57
10.35
3.63
6.88
2.25
3.86
3.99
Working Capital
47
30
34
-2
-3
-7
-7
7
56
59
61
21
-14
-5
LT Debt
90
35
46
30
53
34
78
68
86
91
105
168
193
216
Total Equity
145
83
81
55
46
40
55
103
141
145
167
178
200
202
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
4.14
- -
10.78
6.05
2.05
3.42
6.55
7.2
Return on Capital (%)
- -
- -
- -
- -
- -
- -
3.98
- -
17.21
5.26
9.92
3.63
5.95
6.44
Return on Common Equity (%)
-29.85
-49.2
-4.09
-41.65
-22.8
-15.28
4.72
70.32
30.39
8.4
16.68
5.73
10.58
11.9

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11
11
12
LT Borrowings
- -
5
26
LT Finance Leases
193
191
190
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
764
1,289
1,583

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
87
76
106
Cash, Cash Equivalents & STI
29
17
44
Accounts Receivable, Net
37
42
46
Inventories
4
2
4
Total Current Liabilities
101
92
111
Payables & Accruals
33
42
47
ST Debt
11
11
12
Deferred Revenue
44
39
52

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.71%
14.74%
12.02%
Free Cash Flow
481.13%
566.97%
102.39%
Net Income, GAAP
287.57%
10.78%
102.18%
Sales/Revenue/Turnover
5.76%
12.2%
17.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
103
103
114
119
440
2025
118
116
141
143
518
2026
144
143
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.02
0.13
0.22
0.32
2025
0.06
0.05
0.12
0.41
0.65
2026
0.14
0.06
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Scott Shaw
Full Time Employees
2,390
Sector
Consumer Defensive
Industry
Education & Training Services
Address
14 Sylvan Way Parsippany NJ United States of America 07054
IPO Date
Jun 23, 2005
Business
Lincoln Educational Services Corporation (Nasdaq: LINC) provides career-oriented postsecondary education through a network of campuses across the United States, offering associate's degree, diploma, and certificate programs primarily in automotive technology; skilled trades including electrical, heating, ventilation, air conditioning/refrigeration (HVAC/R), welding, and diesel technology; health sciences such as medical assisting, nursing, dental assisting, and pharmacy technician; hospitality services encompassing culinary arts and beauty arts; and business/information technology. The company operates under brands including Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College, with campuses in states such as Connecticut, New Jersey, Pennsylvania, Maryland, Massachusetts, New York, Colorado, Texas, Tennessee, Georgia, Illinois, and Indiana, targeting recent high school graduates and working adults seeking entry-level jobs in high-demand industries. Founded in 1946 and headquartered in Parsippany, New Jersey, Lincoln Educational Services focuses on practical, hands-on training aligned with employer needs through its Campus Operations segment, which generates the majority of revenue. In recent developments, the company expanded its Philadelphia-area presence in February 2024 through a sale-leaseback transaction with LCN Capital Partners for a new, larger suburban campus to support additional programs in in-demand trades. During the third quarter of 2024, Lincoln announced a nationwide corporate partnership with Hyundai Motor America and Genesis Motor America, providing their branded training at no extra cost to students across all automotive campuses, alongside extensions of existing corporate partnerships for up to five additional years. The company reported strong financial growth, including double-digit revenue increases and raised full-year 2025 guidance, while outlining plans to open two new campuses annually and pursuing a blended learning model with potential acquisitions to bolster its skilled trades focus.

Company News

  • LINC UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Lincoln Educational Services Investors of Securities Class Action Lawsuit Deadline on November 10, 2026

  • ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC

  • ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC

  • LINC Investors Have Opportunity to Lead Lincoln Educational Services Corporation Securities Fraud Lawsuit

  • LINC Investors Have Opportunity to Lead Lincoln Educational Services Corporation Securities Fraud Lawsuit

  • ROSEN, SKILLED INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC

  • LINC INVESTOR DEADLINE: Lincoln Educational Services Corp. Investors with Substantial Losses Have Opportunity to Lead the LINC Securities Class Action

  • LINC Investors Have Opportunity to Lead Lincoln Educational Services Corporation Securities Fraud Lawsuit with SBS Law

  • LINC EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Lincoln Educational Services Investors of Securities Class Action Lawsuit Deadline on November 10, 2026

  • LINC Securities Announcement: Lincoln Educational Investors with Losses have Rights in Pending Securities Fraud Class Action – BFA Law Reminds Shareholders of Upcoming Deadline

  • ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC

  • Kaplan Fox Advises Investors of Lincoln Educational Services Corporation (LINC) of an Upcoming Securities Class Action Deadline on November 10, 2026

  • Lincoln Educational Services Corp. (LINC) Investors: Hagens Berman Alerts Investors to Securities Class Action Lawsuit, Encourages LINC Shareholders with Losses to Contact Firm

  • ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC

  • Bronstein, Gewirtz & Grossman LLC Urges Lincoln Educational Services Corporation Investors to Act: Class Action Filed Alleging Investor Harm

  • LINC Investor Alert: Lincoln Educational Services Corporation Securities Class Action Notice - Contact SueWallSt

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Lincoln Educational Services Corp. of Class Action Lawsuit and Upcoming Deadlines - LINC

  • LINC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds Lincoln Educational Services Investors of Securities Class Action Lawsuit Deadline on November 10, 2026

  • Lincoln Educational Services Corp. (LINC) Alert: Securities Class Action Filed, Investors Encouraged to Contact Hagens Berman Before November 10, 2026 Lead Plaintiff Deadline

  • ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Lincoln Educational Services Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - LINC