LINC at a glance
LINCOLN EDUCATIONAL SERVICES CORP (LINC, SEC CIK 1286613) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as June 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), LINCOLN EDUCATIONAL SERVICES CORP (LINC) reported revenue of $518.2 million (up 17.8% from FY2024) and net income of $20.0 million. Diluted EPS was $0.64.
- As of June 30, 2026, 25 institutional investment managers tracked by SignalX reported holding LINCOLN EDUCATIONAL SERVICES CORP (LINC) shares worth $414.9 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by LUSTER ALEXANDRA M on June 15, 2026 of 18,007 shares at $44.64 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $518.2M
- +17.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 25 funds
- $414.9M · −1 vs prior quarter
- Latest 8-K
- Aug 10, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: tuition financing and educational services for students, with credit risk mitigated by reliance on federal Title IV financial aid programs
- New emphasis on hybrid teaching platform "Lincoln 10.0," substantially complete and expected fully implemented by end of 2026 (except nursing in 2027)
- Strategic shift: geographic expansion with new campuses in Houston (opened Aug 2025), Hicksville NY, and Rowlett TX planned by early 2027; plus facility sale-leaseback transaction in Levittown PA
- Financial metric: revenue increased 17.8% to $518.2M driven by 15.2% rise in average student population; operating income nearly doubled to $30.3M (5.8% margin)
- Noteworthy fact: pension plan termination in 2024 yielded $1.9M reversion, with $0.9M pension excise tax expense recorded in 2025
Risk Factors
- Regulatory risk: surety bonds of approximately $20.0 million posted to maintain authorization with multiple states
- Macroeconomic exposure: institutional student loan commitments increased to $53.3 million as of December 31, 2025 from $44.6 million in 2024
- Operational risk: operating lease liabilities of $27.4 million for four new leases entered during fiscal 2025
- Competitive risk: dependence on successful high school recruiting season impacting student enrollment and revenue growth
- Financial risk: revolver facility increase from $40.0 million to $60.0 million with maturity extended to March 7, 2028
Management Discussion & Analysis
- Revenue $518.2M for fiscal 2025, up 17.8% YoY from prior year
- Operating segments: Campus Operations (core business) and Transitional (no campuses in Transitional as of 2025)
- Best segment: Campus Operations driving overall revenue growth; Transitional segment exited after Jan 1, 2025 sale of Summerlin campus
- Enrollment 17,046 at 22 campuses in 2025, average enrollment 16,622 representing growth
- Management outlook highlights expanding programs, geographic growth, and addressing skills gap with hybrid training and job placement focus
AI summary of the LINC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $142.6M, up 22.4% YoY from $116.5M, driven by 14.5% higher average student population
- Operating margin 2.3% vs 2.5% YoY; net margin 1.4% vs 1.3%
- Campus Operations operating income $21.5M vs $19.3M; Corporate loss $18.2M vs $16.4M
- Cash $44.2M vs $16.7M; operating cash flow $26.7M vs $(8.1)M for six months
- Capital expenditures $29.1M; credit facility capacity increased to $125.0M with $26.0M outstanding
Risk Factors
- No specific new or additional risk factors identified for quarter ended June 30, 2026
- Share-repurchase authorization extended through May 24, 2027
- Approximately $29.7 million remaining under repurchase program
AI summary of the LINC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 indicates earnings-related disclosure for fiscal year 2026
- Filing references Exhibit 99.1, where the substantive financial results and management commentary are expected
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 22.4% to $142.6M and adjusted EBITDA 42.4% to $12.7M, signaling operating leverage despite expansion costs
- Operating cash flow improved to $22.1M, while total liquidity reached $143M, supporting planned campus investments
Item 2.01: Completion of Acquisition or Disposition of Assets
- Item 2.01 references loan agreements and related documents filed as Exhibits 10.1–10.4
- Investor focus: review the exhibits for borrowing terms, financial obligations, collateral, and potential transaction impact
Item 1.01: Entry into a Material Definitive Agreement
- Lincoln Technical Institute agreed to buy its Melrose Park campus property for $18.8 million, subject to purchase-price adjustments
- Acquisition converts the currently leased campus into owned real estate, potentially reducing long-term occupancy uncertainty
AI summaries of LINC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LINC
Don't miss the next LINC filing
- Alerts as it files. A push when LINC files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut LINC, by share count.
- Ask anything. An AI agent that reads every LINC filing and answers with sources.
LINC alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| LUSTER ALEXANDRA M | Sell | Jun 15, 2026 | 18,007 | $44.64 |
| Juniper Investment Company, LLC | Sell | Jun 12, 2026 | 37,000 | $46.88 |
| Juniper Investment Company, LLC | Sell | Jun 11, 2026 | 11,812 | $47.87 |
| Carney Kevin M | Sell | Jun 10, 2026 | 3,000 | $48.00 |
| Carney Kevin M | J | Jun 8, 2026 | 3,216 | - |
| Carney Kevin M | J | Jun 8, 2026 | 3,216 | - |
| LUSTER ALEXANDRA M | Sell | Jun 5, 2026 | 1,993 | $50.11 |
| Juniper Investment Company, LLC | Sell | Jun 4, 2026 | 25,208 | $51.13 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $440.1M | $518.2M |
| Operating Income | - | $15.2M | $30.3M |
| Net Income | $26.0M | $9.9M | $20.0M |
| Op. Margin | - | 3.4% | 5.8% |
| Net Margin | - | 2.2% | 3.9% |
| Balance Sheet | |||
| Total Assets | $345.2M | $436.6M | $493.2M |
| Equity | - | $178.3M | $199.7M |
| ROE | - | 5.5% | 10.0% |
| Per Share | |||
| EPS | $0.85 | $0.32 | $0.64 |
| Cash Flow | |||
| Operating CF | - | $29.3M | $59.3M |
| CapEx | $40.7M | $56.9M | $86.6M |
Source: XBRL data in LINCOLN EDUCATIONAL SERVICES CORP (LINC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LINC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 25 | $414.9M |
| Q1 2026 | 26 | $284.7M |
| Q4 2025 | 23 | $170.2M |
| Q3 2025 | 23 | $164.9M |
| Q2 2025 | 22 | $159.0M |
| Q1 2025 | 18 | $73.3M |
| Q4 2024 | 13 | $69.5M |
| Q3 2024 | 11 | $30.2M |
- Prudential Financial+420.9K (+5673%)
- BlackRock+300.6K (+14%)
- Goldman Sachs Group+268.7K (+159%)
- JPMorgan Chase & Co+230.6K (+295%)
- Vanguard Portfolio Management LLC+116.5K (+39%)
- Renaissance Technologies LLC−79.5K (-27%)
- Mangrove Partners+16.2K
- Citadel Advisors LLC−170.2K
- Millennium Management−161.6K
Source: 13F-HR filings on SEC EDGAR (aggregated from 161 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LINC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Jul 10, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - |
Related Consumer Discretionary companies
- APEI · AMERICAN PUBLIC EDUCATION INCServices-Educational Services
- CVSA · Covista Inc.Services-Educational Services
- GHC · Graham Holdings CoServices-Educational Services
- LAUR · LAUREATE EDUCATION, INC.Services-Educational Services
- NRDY · Nerdy Inc.Services-Educational Services
- PRDO · PERDOCEO EDUCATION CorpServices-Educational Services
- PXED · Phoenix Education Partners, Inc.Services-Educational Services
- STRA · Strategic Education, Inc.Services-Educational Services
LINC SEC filings: frequently asked questions
Which institutions hold LINC stock?
As of June 30, 2026, the largest LINCOLN EDUCATIONAL SERVICES CORP (LINC) holders among the 13F filers tracked by SignalX were BlackRock ($123.9 million), Vanguard Capital Management LLC ($61.0 million), Dimensional Fund Advisors ($34.7 million), State Street Corp ($33.4 million), Goldman Sachs Group ($21.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LINC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), LINCOLN EDUCATIONAL SERVICES CORP (LINC) reported revenue of $518.2 million (up 17.8% from FY2024) and net income of $20.0 million. Diluted EPS was $0.64. The figures come from the XBRL data in the 10-K.
What are the main risks in LINC's latest 10-K?
In the 10-K filed March 2, 2026, LINCOLN EDUCATIONAL SERVICES CORP (LINC) flagged: Regulatory risk: surety bonds of approximately $20.0 million posted to maintain authorization with multiple states. Macroeconomic exposure: institutional student loan commitments increased to $53.3 million as of December 31, 2025 from $44.6 million in 2024. (AI summary of the Risk Factors section.)
What did LINC report in its latest 8-K?
LINCOLN EDUCATIONAL SERVICES CORP (LINC) filed an 8-K on August 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Item 2.02 indicates earnings-related disclosure for fiscal year 2026.
What are the latest LINC SEC filings?
LINCOLN EDUCATIONAL SERVICES CORP (LINC) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on June 15, 2026.
What is LINC's SEC CIK number?
LINCOLN EDUCATIONAL SERVICES CORP (LINC)'s SEC Central Index Key (CIK) is 1286613. EDGAR lists every LINC filing under that number.
Ask anything about LINC
The research agent reads LINC's filings, financials, insider trades and 13F holders, then answers with sources.