Quarterly ResultAug 10, 2026, 03:17 PM
Lincoln Educational Q2 Revenue +22.4% to $142.6M; Reiterates FY Guidance
AI Summary
Lincoln Educational Services Corporation reported strong financial results for the second quarter ended June 30, 2026, with revenue increasing 22.4% to $142.6 million and Adjusted EBITDA rising 42.4% to $12.7 million. The company reiterated its full-year financial guidance, including student start growth of 10-14%, while raising capital expenditure guidance to $95.0-$100.0 million to support strategic growth initiatives. Key business developments include the acquisition of the Melrose Park, Illinois campus property and a new lease for a campus in Suitland, Maryland.
Key Highlights
- Q2 2026 revenue increased 22.4% to $142.6 million.
- Q2 2026 Adjusted EBITDA increased 42.4% to $12.7 million.
- Net cash from operating activities improved to $22.1 million generated in Q2 2026.
- Ending student population rose 10.4% to approximately 18,900.
- Reiterated full-year student start growth guidance of 10-14%.
- Raised full-year capital expenditure guidance to $95.0-$100.0 million.
- Acquired Melrose Park, Illinois campus property for $18.8 million.
- Signed lease for new Suitland, Maryland campus, expected to open Q4 2027.
Price Impact
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