LINCOLN EDUCATIONAL SERVICES CORP Income Statement
LINC / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
LINCOLN EDUCATIONAL SERVICES CORP reported $518M in revenue and $20M in net income for FY2025. Revenue has declined at a 0.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $518.2M | $440.1M | $378.1M | $335.3M | $335.3M | $273.3M | $273.3M | $263.2M | $261.9M | $218.0M | $306.1M | $218.0M | $215.6M | $380.2M | $552.5M |
| Cost of Revenue | $205.4M | $181.8M | $162.3M | $138.9M | $138.9M | $123.5M | $123.5M | $125.4M | $129.4M | $103.3M | $151.6M | $103.3M | $102.5M | $178.3M | $211.3M |
| SG&A Expense | $282.9M | $243.8M | $209.1M | $168.9M | $168.9M | $145.2M | $145.2M | $141.2M | $138.8M | $116.6M | $151.8M | $116.6M | $116.8M | $189.5M | $252.4M |
| Operating Income | $30.3M | $15.2M | $33.4M | $49.3M | $49.3M | $5.2M | $5.2M | -$4.0M | -$4.7M | -$23.7M | $704.0K | -$23.7M | -$3.5M | -$12.7M | $88.3M |
| Interest Expense | $3.4M | $2.6M | $347.0K | $2.0M | $2.0M | $3.0M | $3.0M | $2.4M | $7.1M | $3.4M | $8.0M | $3.4M | $4.3M | $4.5M | $4.3M |
| Income Tax | $6.1M | $4.8M | $9.6M | $12.5M | $12.5M | $268.0K | $268.0K | $200.0K | -$274.0K | -$1.5M | $242.0K | -$1.5M | $19.6M | -$2.3M | $34.9M |
| Net Income | $20.0M | $9.9M | $26.0M | $34.7M | $34.7M | -$11.5M | $2.0M | -$11.5M | -$11.5M | -$56.1M | -$3.4M | -$56.1M | -$51.3M | -$37.2M | $49.2M |
| EPS (Basic) | $0.86 | $0.36 | $0.36 | $1.04 | $1.49 | -$0.48 | -$0.48 | -$1.21 | -$0.14 | -$2.46 | -$2.28 | -$1.68 | $0.80 | $2.86 | $1.87 |
| EPS (Diluted) | $0.85 | $0.36 | $0.36 | $1.04 | $1.49 | -$0.48 | -$0.48 | -$1.21 | -$0.14 | -$2.46 | -$2.28 | -$1.68 | $0.79 | $2.79 | $1.82 |
| Shares Outstanding | 31.5M | 31.4M | 31.1M | 27.0M | 26.5M | 25.2M | 30.6M | 30.6M | 30.7M | 29.7M | 29.9M | 29.9M | 29.7M | 28.5M | 28.1M |
| Operating Margin | 5.9% | 3.5% | 8.8% | 14.7% | 14.7% | 1.9% | 1.9% | -1.5% | -1.8% | -10.8% | 0.2% | -10.8% | -1.6% | -3.4% | 16.0% |
| Profit Margin | 3.9% | 2.3% | 6.9% | 10.3% | 10.3% | -4.2% | 0.7% | -4.4% | -4.4% | -25.7% | -1.1% | -25.7% | -23.8% | -9.8% | 8.9% |