Lincoln Educational Services Corp (LINC) financials
Lincoln Educational Services revenue and earnings by year
Lincoln Educational Services's revenue was $518 million in the fiscal year to December 31, 2025, up 17.8% from the year before. Net income was $20.0 million, 3.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 518 | 440 | 378 | 348 | 335 | 293 | 273 | 263 | 262 | 286 |
| Revenue growth | 17.8% | 16.4% | 8.6% | 3.9% | 14.4% | 7.2% | 3.9% | 0.5% | -8.3% | — |
| Gross profit | 313 | 258 | 216 | 200 | 196 | 171 | 150 | 138 | 132 | 141 |
| Gross margin | 60.4% | 58.7% | 57.1% | 57.3% | 58.6% | 58.3% | 54.8% | 52.4% | 50.6% | 49.4% |
| Operating income | 30 | 15 | 33 | 16 | 49 | 15 | 5 | -4 | -5 | -29 |
| Operating margin | 5.8% | 3.4% | 8.8% | 4.7% | 14.7% | 5.0% | 1.9% | -1.5% | -1.8% | -10.1% |
| Net income | 20 | 10 | 26 | 13 | 35 | 49 | 2 | -7 | -11 | -28 |
| Net margin | 3.9% | 2.2% | 6.9% | 3.6% | 10.4% | 16.6% | 0.7% | -2.5% | -4.4% | -9.9% |
| Diluted EPS | $0.64 | $0.32 | $0.85 | $0.36 | — | — | — | -$0.27 | -$0.49 | -$1.20 |
| Free cash flow | -27 | -18 | 18 | -6 | -10 | 18 | -4 | -4 | -22 | -9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LINC in Markets.
See also: LINC valuation and P/E history · LINC returns
No forecast, no recommendation. This page describes Lincoln Educational Services Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.