Quarterly ResultAug 10, 2026, 03:06 PM
Lincoln Educational H1 Net Income Up 80% to $6.30M; Revenue Up 22%
AI Summary
Lincoln Educational Services Corporation reported strong financial results for the six months ended June 30, 2026, with net income surging 80.1% to $6.30 million and revenue increasing 22.4% to $286.52 million. Basic EPS also saw a substantial rise to $0.20. The company significantly improved its net cash from operating activities and expanded its footprint by entering leases for three new campuses in New York, Texas, and Maryland.
Key Highlights
- Six-month net income increased 80.1% to $6.30 million from $3.50 million year-over-year.
- Six-month revenue grew 22.4% to $286.52 million from $233.98 million year-over-year.
- Basic EPS for the six months rose 81.8% to $0.20 from $0.11 year-over-year.
- Net cash provided by operating activities was $26.63 million, a significant improvement from $(8.08) million.
- Cash and cash equivalents increased to $44.18 million at June 30, 2026, from $28.52 million at December 31, 2025.
- The company entered leases for three new campuses in Hicksville, NY, Rowlett, TX, and Suitland, MD.
- Long-term debt increased to $26.00 million at June 30, 2026, from $0 at December 31, 2025.
Price Impact
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