Stocktoria
LINCOLN EDUCATIONAL SERVICES CORP LINC
LINCOLN EDUCATIONAL SERVICES CORP financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $518.2M | $440.1M | $378.1M | $348.3M | $335.3M | $293.1M | $273.3M | $263.2M | $261.9M | $285.6M |
| SG&A expense | $282.9M | $243.8M | $209.1M | $182.4M | $168.9M | $156.2M | $145.2M | $141.2M | $138.8M | $148.4M |
| Operating income | $30.3M | $15.2M | $33.4M | $16.3M | $49.3M | $14.8M | $5.2M | -$4.0M | -$4.7M | -$28.9M |
| Interest expense | $3.4M | $2.6M | $347,000 | $160,000 | $2.0M | $1.3M | $3.0M | $2.4M | $7.1M | $6.1M |
| Income tax | $6.1M | $4.8M | $9.6M | $3.8M | $12.5M | -$35.1M | $268,000 | $200,000 | -$274,000 | $200,000 |
| Net income | $20.0M | $9.9M | $26.0M | $12.6M | $34.7M | $48.6M | $2.0M | -$11.5M | -$11.5M | -$28.3M |
| EPS (diluted) | $0.64 | $0.32 | $0.85 | $0.36 | $1.04 | $1.49 | $0.08 | $-0.48 | $-0.48 | $-1.21 |
| Operating cash flow | $59.3M | $29.3M | $25.6M | $882,000 | $27.4M | $23.5M | $988,000 | -$1.7M | -$11.3M | -$6.1M |
| Free cash flow | -$27.3M | -$27.6M | -$15.1M | -$8.1M | $19.9M | $17.9M | -$4.4M | -$6.4M | -$16.1M | -$9.7M |
| Cash & equivalents | $28.5M | $59.3M | $76.0M | $46.1M | $83.3M | $38.0M | $23.6M | $17.6M | $14.6M | $21.1M |
| Inventory | $4.0M | $3.1M | $2.9M | $2.6M | $2.7M | $2.4M | $1.6M | $1.5M | $1.7M | $1.7M |
| Total assets | $493.2M | $436.6M | $345.2M | $291.6M | $295.3M | $245.2M | $194.8M | $146.0M | $155.2M | $163.2M |
| Total liabilities | $293.5M | $258.3M | $178.4M | $146.7M | $153.9M | $142.1M | $139.6M | $106.2M | $109.4M | $108.3M |
| Shareholders' equity | $199.7M | $178.3M | $166.8M | $144.9M | $129.4M | $91.1M | $43.1M | $39.9M | $45.8M | $54.9M |
Growth · year-over-year · Revenue CAGR 6.8%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +17.8% | +16.4% | +8.6% | +3.9% | +14.4% | +7.2% | +3.9% | +0.5% | -8.3% | -6.7% |
| Net income growth | +102.2% | -62.0% | +105.8% | -63.6% | -28.5% | +2310.2% | — | — | — | — |
| EPS growth | +100.0% | -62.4% | +136.1% | -65.4% | -30.2% | +1762.5% | — | — | — | — |
| Free cash flow growth | — | — | — | -140.7% | +11.2% | — | — | — | — | -180.1% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.