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Lincoln Educational Services Corporation LINC Goodwill And Intangible Asset Impairment

Discontinued — last reported Q4 '25

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Segments

By segment

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Campus Operations$0
Transitional$0

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:GoodwillAndIntangibleAssetImpairment.

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, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Selling, general and administrative282,946243,803209,135
Gain on insurance proceeds-(2,794)-
(Gain) loss on sale of assets(406)2,119(30,918)
Impairment of goodwill and long-lived assets--4,220
Total costs & expenses487,929424,887344,712
OPERATING INCOME30,31215,17733,358
OTHER:
Interest income1262,0992,628

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Lincoln Educational Services Corporation's goodwill and intangible asset impairment?
Lincoln Educational Services Corporation (LINC) reported goodwill and intangible asset impairment of $0 in Q4 2025.
What is the long-term trend for Lincoln Educational Services Corporation's goodwill and intangible asset impairment?
Over 2 years (2022 to 2025), Lincoln Educational Services Corporation's goodwill and intangible asset impairment has grown at a -100.0% compound annual growth rate (CAGR), from $1.05M to $0.
What does goodwill and intangible asset impairment mean?
Reflects the reduction in the carrying value of goodwill or intangible assets when their fair value falls below their book value. It serves as an indicator of potential overpayment for past acquisitions or a decline in the long-term economic viability of acquired business units.

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