LINCOLN EDUCATIONAL SERVICES CORP

LINC · XNAS

CIK 1286613fmd_0CFQEPKYADB929YT3P7QT012QEServices · Services-Educational ServicesTemplate: Standard

Coverage: Jan 01, 2009 to Sep 30, 2026, 67 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	286	262	263	273	293	335	348	378	440	518
Cost of revenue	144	129	125	123	122	139	149	162	182	205
Gross profit	141	132	138	150	171	196	200	216	258	313
Selling, general and administrative	148	139	141	145	156	169	182	209	244	283
Impairment of real estate	–	–	–	–	–	3	–	–	–	–
Operating income	(29)	(5)	(4)	5	15	49	16	33	15	30
Interest expense	6	7	2	3	1	2	0	0	3	3
Interest and investment income	0	0	0	0	0	0	0	3	2	0
Income before taxes	(28)	(12)	(6)	2	14	47	16	36	15	26
Income tax expense	0	(0)	0	0	(35)	13	4	10	5	6
Net income from continuing operations	(4)	(11)	(7)	2	49	35	13	26	10	20
Net income	(28)	(11)	(11)	2	49	35	13	26	10	20
Net income to common shareholders	–	(11)	(11)	2	37	26	9	26	10	–