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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:AdvertisingExpense.

The official record: Lincoln Educational Services Corporation’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln Educational Services Corporation's advertising costs?
Lincoln Educational Services Corporation (LINC) reported advertising costs of $12.08M in Q4 2025.
How has Lincoln Educational Services Corporation's advertising costs changed year-over-year?
Lincoln Educational Services Corporation's advertising costs increased by 11.5% year-over-year, from $10.83M to $12.08M.
What is the long-term trend for Lincoln Educational Services Corporation's advertising costs?
Over 2 years (2023 to 2025), Lincoln Educational Services Corporation's advertising costs has grown at a 12.4% compound annual growth rate (CAGR), from $38.2M to $48.3M.
What does advertising costs mean?
Total expenditures incurred for marketing, promotional campaigns, and student recruitment efforts. This metric measures the company's investment in growth and its ability to attract new customers in a competitive market.