Quarterly ResultMay 14, 2026, 04:09 PM
Legacy Education Q3 Revenue $21.37M, Net Income $3.03M
AI Summary
Legacy Education Inc. reported strong financial results for the three and nine months ended March 31, 2026. Quarterly revenue increased by 15.02% to $21.37 million, with net income rising 7.52% to $3.03 million. For the nine-month period, revenue grew by 29.72% to $59.95 million and net income increased by 15.09% to $7.26 million. Despite positive income growth, net cash provided by operating activities for the nine months decreased significantly.
Key Highlights
- Tuition and related income for Q3 2026 rose 15.02% to $21,368,706 from $18,577,565 in Q3 2025.
- Net income for Q3 2026 increased 7.52% to $3,029,296 from $2,817,465 in Q3 2025.
- Basic EPS for Q3 2026 was $0.24, up from $0.23 in Q3 2025.
- Nine-month revenue increased 29.72% to $59,954,372 from $46,217,790 year-over-year.
- Nine-month net income grew 15.09% to $7,258,957 from $6,307,264 year-over-year.
- Cash and cash equivalents increased to $21,681,064 as of March 31, 2026, from $20,316,357.
- Total stockholders' equity increased by 20.65% to $49,517,960 from $41,043,520.
- Net cash provided by operating activities for the nine months decreased to $2,876,265 from $4,763,003.