10-Q quarterly report · filed May 11, 2026

LINCOLN EDUCATIONAL SERVICES CORP (LINC) Q1 2026 10-Q Quarterly Report

Short answer

LINCOLN EDUCATIONAL SERVICES CORP (LINC) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $144M (up 22.5% year over year) with net income of $4M.

Q1 2026 key financials · XBRL

Revenue
$144M
+22.5% YoY
Net income
$4M
+124.1% YoY
Operating margin
4.5%
EPS (diluted)
$0.14
+133.3% YoY

Source: XBRL data from the LINCOLN EDUCATIONAL SERVICES CORP (LINC) Q1 2026 10-Q on SEC EDGAR. USD.

LINCOLN EDUCATIONAL SERVICES CORP Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $144.0M, up 22.5% YoY from $117.5M, driven by 19.5% higher student starts
  • Operating margin 4.5% vs 2.9% YoY; net margin 3.0% vs 1.7%
  • Campus Operations operating income $27.7M vs $21.7M; Transitional segment had no campuses
  • Operating cash flow $4.6M vs $(8.4)M; cash $16.7M vs $28.7M
  • Capital expenditures $14.6M; DOE regulatory changes and borrower-defense claims created potential oversight and Title IV eligibility risks

Risk Factors

  • No risk-factors section provided; submitted text covers share repurchases only
  • Repurchase authorization extended through May 24, 2027, with approximately $29.7 million remaining
  • No additional shares repurchased during three months ended March 31, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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