Quarterly ResultMay 11, 2026, 03:52 PM
Lincoln Educational Services Q1 Net Income Doubles, Raises FY26 Guidance
AI Summary
Lincoln Educational Services reported strong financial and operational results for the first quarter ended March 31, 2026. Revenue increased by 22.5% to $144.0 million, and net income more than doubled to $4.4 million, or $0.14 per share. The company also raised its full-year 2026 financial guidance for revenue, adjusted EBITDA, net income, diluted EPS, and student starts, reflecting strong Q1 performance and current trends. Additionally, Lincoln amended its credit agreement, increasing its revolving credit facility to $125 million to enhance financial flexibility for growth initiatives.
Key Highlights
- Q1 2026 revenue increased 22.5% to $144.0 million.
- Q1 2026 net income more than doubled to $4.4 million ($0.14 per share).
- Q1 2026 Adjusted EBITDA rose 85% to $15.5 million.
- Q1 2026 student starts grew 19.5% to 5,500.
- Full-year 2026 revenue guidance raised to $590-$600 million.
- Full-year 2026 Adjusted EBITDA guidance raised to $76-$80 million.
- Full-year 2026 diluted EPS guidance raised to $0.74-$0.83.
- Revolving credit facility increased by $65 million to $125 million.