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LINC (Lincoln Educational Services Corporation) Stock Financials & Earnings | Market Cap Arena
LINC
Lincoln Educational Services Corporation
Mkt Cap
$1B
Consumer Defensive
·
Education & Training Services
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$518M
Net Income (TTM)
$20M
EPS (TTM)
$0.65
Free Cash Flow (TTM)
-$27M
Gross Margin
60.4%
Op. Margin
5.7%
Net Margin
3.9%
FCF Margin
-5.3%
P/S Ratio (TTM)
2.3x
P/E Ratio (TTM)
58.5x
YoY Rev Growth
+17.8%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$87M
$49M
-$1M
Q2 23
$89M
$49M
$24M
Q3 23
$100M
$56M
$2M
Q4 23
$103M
$61M
$9M
Q1 24
$103M
$60M
-$458K
Q2 24
$103M
$57M
-$1M
Q3 24
$114M
$66M
$6M
Q4 24
$119M
$74M
$11M
Q1 25
$118M
$70M
$3M
Q2 25
$116M
$70M
$3M
Q3 25
$141M
$84M
$6M
Q4 25
$143M
$89M
$17M
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Revenue Breakdown
LINC
Lincoln Educational Services Corporation
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.3x
95.5x
Q2 23
3.3x
40.0x
Q3 23
3.2x
42.1x
Q4 23
3.1x
45.0x
Q1 24
3.0x
45.2x
Q2 24
2.9x
147.0x
Q3 24
2.8x
118.8x
Q4 24
2.7x
118.3x
Q1 25
2.6x
97.1x
Q2 25
2.5x
81.9x
Q3 25
2.4x
82.8x
Q4 25
2.3x
58.5x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$214K
-$3M
Q2 23
$11M
$3M
Q3 23
-$7M
-$25M
Q4 23
$22M
$10M
Q1 24
-$15M
-$17M
Q2 24
$8M
-$3M
Q3 24
$6M
-$14M
Q4 24
$30M
$6M
Q1 25
-$8M
-$28M
Q2 25
$299K
-$26M
Q3 25
$24M
$2M
Q4 25
$44M
$25M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$3M
Q2 23
$8M
Q3 23
$18M
Q4 23
$12M
Q1 24
$2M
Q2 24
$11M
Q3 24
$19M
Q4 24
$25M
Q1 25
$20M
Q2 25
$26M
Q3 25
$22M
Q4 25
$19M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+5.7%
+6.7%
Q2 23
+7.9%
-20.3%
Q3 23
+8.5%
+12.3%
Q4 23
+11.7%
+16.3%
Q1 24
+18.4%
+17.4%
Q2 24
+16.1%
+59.7%
Q3 24
+14.8%
+11.2%
Q4 24
+16.4%
+15.9%
Q1 25
+13.7%
+9.9%
Q2 25
+13.2%
+9.2%
Q3 25
+23.6%
+24.4%
Q4 25
+19.7%
+16.2%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$812K
0.9%
Q2 23
$3M
2.9%
Q3 23
$662K
0.7%
Q4 23
$2M
1.8%
Q1 24
$1M
1.0%
Q2 24
$1M
1.0%
Q3 24
$1M
1.1%
Q4 24
$1M
1.1%
Q1 25
$1M
1.0%
Q2 25
$1M
1.2%
Q3 25
$0
0.0%
Q4 25
$1M
1.0%
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OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$50M
Q2 23
$52M
Q3 23
$54M
Q4 23
$53M
Q1 24
$60M
Q2 24
$58M
Q3 24
$63M
Q4 24
$62M
Q1 25
$67M
Q2 25
$67M
Q3 25
$78M
Q4 25
$71M
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Revenue Segments
Campus Operations
Transitional
Quarter
Campus Operations
Transitional
Q1 23
$86M
$932K
Q2 23
$88M
$433K
Q3 23
$100M
$91K
Q4 23
$103M
$12K
Q1 24
$103M
—
Q2 24
$103M
—
Q3 24
$114M
—
Q4 24
$112M
$7M
Q1 25
$118M
—
Q2 25
$116M
—
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$40M
$15M
$55M
Q2 23
$66M
$24M
$91M
Q3 23
$42M
$24M
$66M
Q4 23
$76M
$0
$76M
Q1 24
$70M
$0
$70M
Q2 24
$67M
$0
$67M
Q3 24
$54M
$0
$54M
Q4 24
$59M
$0
$59M
Q1 25
$29M
$0
$29M
Q2 25
$17M
$0
$17M
Q3 25
$13M
$0
$13M
Q4 25
$29M
$0
$29M
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
30M
+13.6%
Q2 23
30M
+1.2%
Q3 23
31M
+1.0%
Q4 23
31M
+0.5%
Q1 24
30M
-1.8%
Q2 24
31M
+1.2%
Q3 24
31M
+1.2%
Q4 24
31M
+0.3%
Q1 25
31M
-0.2%
Q2 25
31M
+0.6%
Q3 25
31M
+0.2%
Q4 25
31M
-0.2%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$126K
3K
FY 15
$81K
2K
FY 16
$90K
2K
FY 17
$132K
2K
FY 18
$140K
2K
FY 19
$142K
2K
FY 20
$152K
2K
FY 21
$163K
2K
FY 22
$164K
2K
FY 23
$164K
2K
FY 24
$178K
2K
FY 25
$200K
3K
marketcaparena.com