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Lincoln Educational Services Corporation LINC Campus Operations — Cost of Goods Sold

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Other financials

Income statement

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Revenue$144.0M+22.5%
Gross profit$85.6M+22.1%
Operating income$6.4M+87.7%
Net income$4.4M+124%
EPS (diluted)$0.14+133%

Balance sheet

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Cash & equivalents$16.7M-41.8%
Total debt$207.0M+17.4%
Total equity$198.8M+11.8%
Total assets$486.7M+13.9%

Cash flow

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Operating cash flow$4.6M+154%
CapEx$14.6M-26.5%
Free cash flow-$10.1M+64.4%

Valuation

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Market cap$1.52B+114%
Enterprise value$1.71B+99.1%
P/E67.7×+8.8×
P/S2.8×+1.2×

Profitability

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Gross margin60.3%+1.3pp
Operating margin6.1%+1.9pp
Net margin4.1%+1.5pp
FCF margin-16%

Returns & leverage

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Return on equity11.9%+4.9pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by Lincoln Educational Services Corporation in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Lincoln Educational Services Corporation’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln Educational Services Corporation's campus operations — cost of goods sold?
Lincoln Educational Services Corporation (LINC) reported campus operations — cost of goods sold of $58.39M in Q1 2026.
How has Lincoln Educational Services Corporation's campus operations — cost of goods sold changed year-over-year?
Lincoln Educational Services Corporation's campus operations — cost of goods sold increased by 23.2% year-over-year, from $47.41M to $58.39M.
What is the long-term trend for Lincoln Educational Services Corporation's campus operations — cost of goods sold?
Over 3 years (2022 to 2025), Lincoln Educational Services Corporation's campus operations — cost of goods sold has grown at a 13.5% compound annual growth rate (CAGR), from $140.66M to $205.39M.
What does campus operations — cost of goods sold mean?
This is the aggregate of all direct costs incurred to deliver educational services, including instruction, materials, and facility maintenance. It represents the total cost of sales for the primary business segment before accounting for administrative or marketing overhead.