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LINC

Lincoln Educational Services·NASDAQ
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LINC fundamentals

Lincoln Educational Services (LINC) released its earnings on Feb 23, 2026: revenue was 142.87M (YoY +19.68%), beat estimates; EPS was 0.4995 (YoY +63.18%), beat estimates.
Revenue / YoY
142.87M
+19.68%
EPS / YoY
0.4995
+63.18%
Report date
Feb 23, 2026
LINC Earnings Call Summary for Q4,2025
  • Revenue Growth: Q4 2025 revenue up 21.4% to $142.9M, driven by 17% student population growth. Full year 2025 revenue $518.2M (+19.7%).
  • Profit Expansion: Adjusted EBITDA up 60% to $67.1M in 2025, targeting $72-76M in 2026 (+14-19%). Net income up 64% to $28.4M, guiding to $20-23M in 2026.
  • Student Growth: 15.7% Q4 student starts, 15.2% full year growth. 2026 starts expected 8-13%.
  • Strategic Expansion: 3 new campuses in 2025, 2 more in 2026. Lincoln 10.0 hybrid model reduces education expenses to 33% of revenue.
  • High School Initiative: 20% of 2025 students from high school, targeting mid-20s% share. 150 students in pilot share program allowing juniors/seniors to earn 50% of certificate before graduation.
  • Employer Partnerships: New contracts with New Jersey Transit, Johnson Controls, and Container Maintenance Corp. Workforce Link division targets $600M+ 2026 revenue.
EPS
Q2,undefined
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Q1,2024
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Q4,2025
Actual
-0.080.020.080.310.130.060.110.73000.10.32250.02270.01730.11310.32470.05880.05670.13440.30610.11080.08540.20110.4995
Forecast
-0.18-0.1950.01330.320.050.03670.09330.240.070.0350.090.26-0.0133-0.020.040.270.020.0350.1350.30.0350.0350.090.42
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+55.56%
+110.26%
+501.50%
-3.13%
+160.00%
+63.49%
+17.90%
+204.17%
-100.00%
-100.00%
+11.11%
+24.04%
+270.68%
+186.50%
+182.75%
+20.26%
+194.00%
+62.00%
-0.44%
+2.03%
+216.57%
+144.00%
+123.44%
+18.93%
Revenue
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Q1,2024
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Q1,2025
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Q4,2025
Actual
----------------------70.04M62.47M78.79M81.79M78.00M80.46M89.06M87.82M82.55M82.14M91.81M91.78M87.28M88.65M99.62M102.52M103.37M102.91M114.41M119.37M117.51M116.47M141.39M142.87M
Forecast
----------------------66.59M64.17M74.36M78.61M76.89M73.43M83.15M86.51M82.03M83.47M88.90M89.68M83.36M84.71M94.90M96.21M97.00M100.59M110.78M110.85M114.66M115.12M134.19M134.02M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+5.18%
-2.65%
+5.97%
+4.05%
+1.44%
+9.58%
+7.10%
+1.51%
+0.63%
-1.59%
+3.28%
+2.34%
+4.71%
+4.64%
+4.98%
+6.56%
+6.57%
+2.31%
+3.27%
+7.69%
+2.48%
+1.18%
+5.36%
+6.60%

Earnings Call