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Lincoln Educational Services Corporation LINC Cost Of Goods And Services Depreciationand Amortization On Educational Services And Facilities

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Segments

By segment

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Campus Operations$20.23M+65.8%
Transitional$56K-49.1%

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 linc:CostOfGoodsAndServicesDepreciationandAmortizationOnEducationalServicesAndFacilities.

The source filing: Lincoln Educational Services Corporation’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 5:28 PM EST
Fiscal year
FY2025
Accession
0001140361-26-007380
Line itemYear Ended December 31, / Consolidated / 2025Year Ended December 31, / Consolidated / 2024Year Ended December 31, / Consolidated / 2023Year Ended December 31, / Campus Operations / 2025Year Ended December 31, / Campus Operations / 2024Year Ended December 31, / Campus Operations / 2023Year Ended December 31, / Transitional / 2025Year Ended December 31, / Transitional / 2024Year Ended December 31, / Transitional / 2023Year Ended December 31, / Corporate / 2025Year Ended December 31, / Corporate / 2024Year Ended December 31, / Corporate / 2023
Instructional98,46090,56685,31198,46088,20782,228-2,3593,083---
Books and Tools36,60332,14626,17736,60331,16124,802-9851,375---
Facilities50,09846,79144,64750,09845,84242,475-9492,172---
Depreciation and amortization20,22812,2566,14020,22812,2006,030-56110---
Educational services and facilities205,389181,759162,275205,389177,410155,535-4,3496,740---
Sales and marketing84,55175,23665,55384,55173,53264,159-1,7041,394---
Student services25,42421,87418,69325,42421,01217,314-8621,379---
Provision for credit losses58,08556,57841,63758,05055,60039,978-9751,659353-

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Lincoln Educational Services Corporation's cost of goods and services depreciationand amortization on educational services and facilities?
Lincoln Educational Services Corporation (LINC) reported cost of goods and services depreciationand amortization on educational services and facilities of $5.06M in Q4 2025.
How has Lincoln Educational Services Corporation's cost of goods and services depreciationand amortization on educational services and facilities changed year-over-year?
Lincoln Educational Services Corporation's cost of goods and services depreciationand amortization on educational services and facilities increased by 65.0% year-over-year, from $3.06M to $5.06M.
What is the long-term trend for Lincoln Educational Services Corporation's cost of goods and services depreciationand amortization on educational services and facilities?
Over 2 years (2023 to 2025), Lincoln Educational Services Corporation's cost of goods and services depreciationand amortization on educational services and facilities has grown at a 81.5% compound annual growth rate (CAGR), from $6.14M to $20.23M.
What does cost of goods and services depreciationand amortization on educational services and facilities mean?
Reflects the non-cash allocation of costs related to the wear and tear of educational equipment, facilities, and intangible assets used in service delivery. It provides insight into the capital intensity of the company's educational operations and the ongoing investment required to maintain instructional standards.

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