Short answer
LINCOLN EDUCATIONAL SERVICES CORP (LINC) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $141M (up 23.6% year over year) with net income of $4M.
Q3 2025 key financials · XBRL
- Revenue
- $141M
- +23.6% YoY · +21.4% QoQ
- Net income
- $4M
- −3.9% YoY · +144.3% QoQ
- Operating margin
- 4.4%
- EPS (diluted)
- $0.12
- −7.7% YoY · +140.0% QoQ
Source: XBRL data from the LINCOLN EDUCATIONAL SERVICES CORP (LINC) Q3 2025 10-Q on SEC EDGAR. USD.
LINCOLN EDUCATIONAL SERVICES CORP Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New regulatory risk: Government shutdown since Oct 1, 2025 causing potential disruptions to VA benefits and Title IV programs
- Material update regulatory risk: DOE’s negotiated rulemaking on OBBB Act impacting Title IV and student loan programs, ongoing into early 2026
- Legal risk: October 2, 2025 court upheld 2023 gainful employment regulations; potential Fifth Circuit appeal pending
- Operational risk: Seasonal enrollment fluctuations with lower student populations in Q1 and Q2, impacting revenue visibility and growth
- Financial risk: Debt facility increased from $40M to $60M, maturity extended to March 7, 2028, with $8.0M outstanding as of Sept 30, 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other LINCOLN EDUCATIONAL SERVICES CORP quarterly reports
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