State Ledger
Company profile

LINCOLN EDUCATIONAL SERVICES CORP CIK 1286613

Ticker
LINC (Nasdaq)
Industry
Services-Educational Services
Headquarters
Parsippany, NJ 07054
Fiscal year end
2025 (FY)
Market Data
Close
$23.51
Change
+$0.22
Change %
0.94%
Volume
35,259

LINC · trading date Oct 9, 2026 · previous close $23.29 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$518.24M
Net income
$20.00M
Total assets
$493.16M
Total liabilities
$293.48M
Stockholders' equity
$199.69M
Cash & equivalents
$28.52M
Operating income
$30.31M
Operating cash flow
$59.31M
Capital expenditures
$86.63M

Fiscal year 2025, via 10-K filed 2026-03-02. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
5.8%
Net margin
3.9%
Free cash flow
-$27.32M
Free cash flow margin
-5.3%
Liabilities / assets
59.5%
Equity / assets
40.5%
CapEx / revenue
16.7%
Operating cash flow / net income
2.97×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $518.24M $20.00M $493.16M $293.48M $199.69M
2024 $440.06M $9.89M $436.56M $258.29M $178.26M
2023 $378.07M $26.00M $345.25M $178.45M $166.80M
2022 $348.29M $12.63M $291.57M $146.69M $144.88M
2021 $335.34M $34.72M $295.30M $153.90M $129.42M
Company Details
SIC code
8200
State of incorporation
NJ
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-08-10
Financials filed via
Form 10-K
filed 2026-03-02

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Parsippany, NJ 07054
14 SYLVAN WAY
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:39 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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