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10-K

Annual Report

LINCOLN EDUCATIONAL SERVICES CORPORATION LINC

0001140361-26-007380

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Filed
Mar 2, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Mar 2, 2026 31.88M sh
Shares Diluted FY 2025 · Dec 31, 2025 31.26K sh
Shares Diluted restated FY 2025 · Dec 31, 2024 30.89K sh
Shares Diluted restated FY 2025 · Dec 31, 2023 30.54K sh
Capex FY 2025 · Dec 31, 2025 $86.63M
Capex FY 2025 · Dec 31, 2024 $56.87M
Operating Cash Flow FY 2025 · Dec 31, 2025 $59.31M
Operating Cash Flow FY 2025 · Dec 31, 2024 $29.31M
Cash And Equivalents FY 2025 · Dec 31, 2025 $28.52M
Cash And Equivalents FY 2025 · Dec 31, 2024 $59.27M
Stockholders Equity FY 2025 · Dec 31, 2025 $199.69M
Stockholders Equity FY 2025 · Dec 31, 2024 $178.26M
Stockholders Equity FY 2025 · Dec 31, 2023 $166.8M
Stockholders Equity FY 2025 · Dec 31, 2022 $144.88M
Current Liabilities FY 2025 · Dec 31, 2025 $100.71M
Current Liabilities FY 2025 · Dec 31, 2024 $90.21M
Total Liabilities FY 2025 · Dec 31, 2025 $293.48M
Total Liabilities FY 2025 · Dec 31, 2024 $258.29M
Current Assets FY 2025 · Dec 31, 2025 $87.03M
Current Assets FY 2025 · Dec 31, 2024 $111.25M
Total Assets FY 2025 · Dec 31, 2025 $493.16M
Total Assets FY 2025 · Dec 31, 2024 $436.56M
Eps Diluted FY 2025 · Dec 31, 2025 $0.64
Eps Diluted FY 2025 · Dec 31, 2024 $0.32
Eps Diluted FY 2025 · Dec 31, 2023 $0.85
Eps Basic FY 2025 · Dec 31, 2025 $0.65
Eps Basic FY 2025 · Dec 31, 2024 $0.32
Eps Basic FY 2025 · Dec 31, 2023 $0.86
Sga Expense FY 2025 · Dec 31, 2025 $282.95M
Sga Expense FY 2025 · Dec 31, 2024 $243.8M
Sga Expense FY 2025 · Dec 31, 2023 $209.14M
Net Income FY 2025 · Dec 31, 2025 $20M
Net Income FY 2025 · Dec 31, 2024 $9.89M
Net Income FY 2025 · Dec 31, 2023 $26M
Operating Income FY 2025 · Dec 31, 2025 $30.31M
Operating Income FY 2025 · Dec 31, 2024 $15.18M
Operating Income FY 2025 · Dec 31, 2023 $33.36M
Cost Of Revenue FY 2025 · Dec 31, 2025 $205.39M
Cost Of Revenue FY 2025 · Dec 31, 2024 $181.76M
Cost Of Revenue FY 2025 · Dec 31, 2023 $162.28M
Revenue FY 2025 · Dec 31, 2025 $518.24M
Revenue FY 2025 · Dec 31, 2024 $440.06M
Revenue FY 2025 · Dec 31, 2023 $378.07M