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Lincoln Educational Services Corporation LINC Campus Operations — Total Costs & Expenses

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Other financials

Income statement

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Revenue$142.6M+22.4%
Gross profit$82.9M+19.0%
Operating income$3.3M+15.1%
Net income$1.9M+25.2%
EPS (diluted)$0.06+20.0%

Balance sheet

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Cash & equivalents$44.2M+165%
Total debt$228.6M+20.9%
Total equity$202.4M+12.0%
Total assets$529.8M+18.4%

Cash flow

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Operating cash flow$22.1M+7,280%
CapEx$14.5M-45.0%
Free cash flow-$10.1M+64.4%

Valuation

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Market cap$1.3B+104%
Enterprise value$1.48B+83.4%
P/E57×+12.4×
P/S2.3×+0.9×

Profitability

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Gross margin59.8%-0.1pp
Operating margin5.9%+1.0pp
Net margin4%+0.9pp
FCF margin-16%

Returns & leverage

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Return on equity11.9%+3.6pp
Debt / equity1.1×+0.1×
Current ratio+0.1×

Where this comes from

Reported directly by Lincoln Educational Services Corporation in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The source filing: Lincoln Educational Services Corporation’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 2:57 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001140361-26-031995
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Educational services and facilities59,63246,791118,02594,199
Selling, general and administrative79,64967,061158,801133,965
Gain on sale of assets(33)(256)(27)(476)
Total costs and expenses139,248113,596276,799227,688
OPERATING INCOME3,3122,8789,7196,292
OTHER:
Interest income71137125
Interest expense(1,058)(813)(1,895)(1,514)

Item 1.

FAQ

What is Lincoln Educational Services Corporation's campus operations — total costs & expenses?
Lincoln Educational Services Corporation (LINC) reported campus operations — total costs & expenses of $121.01M in Q2 2026.
How has Lincoln Educational Services Corporation's campus operations — total costs & expenses changed year-over-year?
Lincoln Educational Services Corporation's campus operations — total costs & expenses increased by 24.5% year-over-year, from $97.17M to $121.01M.
What is the long-term trend for Lincoln Educational Services Corporation's campus operations — total costs & expenses?
Over 3 years (2022 to 2025), Lincoln Educational Services Corporation's campus operations — total costs & expenses has grown at a 14.0% compound annual growth rate (CAGR), from $283.1M to $419.54M.
What does campus operations — total costs & expenses mean?
This represents the total operational expenditure required to maintain and deliver educational programs within the campus operations segment. It encompasses both direct costs of instruction and indirect operating expenses necessary to sustain business activities.

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