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Lincoln Educational Services Corporation LINC Campus Operations — Selling General And Administrative Expense

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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:SellingGeneralAndAdministrativeExpense.

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
REVENUE$142,560$116,474$286,518233,980
COSTS AND EXPENSES:
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:

Item 1.

FAQ

What is Lincoln Educational Services Corporation's campus operations — selling general and administrative expense?
Lincoln Educational Services Corporation (LINC) reported campus operations — selling general and administrative expense of $61.39M in Q2 2026.
How has Lincoln Educational Services Corporation's campus operations — selling general and administrative expense changed year-over-year?
Lincoln Educational Services Corporation's campus operations — selling general and administrative expense increased by 21.3% year-over-year, from $50.63M to $61.39M.
What is the long-term trend for Lincoln Educational Services Corporation's campus operations — selling general and administrative expense?
Over 3 years (2022 to 2025), Lincoln Educational Services Corporation's campus operations — selling general and administrative expense has grown at a 14.9% compound annual growth rate (CAGR), from $141.36M to $214.6M.
What does campus operations — selling general and administrative expense mean?
This represents the aggregate operating costs incurred to support the administrative functions and marketing efforts of the campus operations segment. It captures overhead expenses not directly tied to the production of educational services, such as student recruitment and corporate support.

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