Lincoln Educational Services Corporation (LINC)

Nasdaq: LINC · Services-Educational Services · Parsippany, NJ · filing with the SEC since 2005

Grade6.2

◀ Past 6.0● Present 6.0▶ Future 6.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 2, 2026	Mar 4, 2025	Mar 5, 2024	Mar 7, 2023	Mar 3, 2022	Mar 9, 2021	Mar 6, 2020	Mar 13, 2019	Mar 9, 2018	Mar 10, 2017
Revenue	518,241	440,064	378,070	348,287	335,336	293,095	273,342	263,200	261,853	285,559
Cost of revenue	205,389	181,759	162,275	148,746	138,931	122,196	123,495	125,373	129,413	144,426^r
Selling, general and administrative	282,946	243,803	209,135	182,391	168,923	156,199	145,176	141,244	138,779	148,447^r
Sales and marketing	84,551	75,236	65,553	61,241	·	·	·	·	·	·
General and administrative	114,283	89,415	82,622	69,571	·	·	·	·	·	·
Total costs and expenses	487,929	424,887	344,712	332,009	286,075	278,314	268,104	267,154	266,569	314,473^r
Operating income	30,312	15,177	33,358	16,278	49,261	14,781	5,238	-3,954	-4,716	-28,914^r
Interest expense	3,394	2,565	347	160	2,015	1,275	2,963	2,422	7,098	6,131^r
Interest and investment income	126	2,099	2,628	318	0	0	8	31	56	155
Income before income taxes	26,118	14,711	35,639	16,436	47,246	13,506	2,283	-6,345	-11,758	-28,104^r
Income tax expense	6,120	4,820	9,642	3,802	12,528	-35,059	268	200	-274	200
Income from continuing operations	·	·	·	·	·	·	·	·	·	-4,498
Income from discontinued operations	·	·	·	·	·	·	·	·	·	-23,806
Net income	19,998	9,891	25,997	12,634	34,718	48,565	2,015	-11,484^r	-11,484	-28,304
Preferred dividends	·	0	0	1,111	1,219	1,378	0	·	·	·
Net income to common shareholders	·	9,891	25,997	9,211	26,102	36,813	1,923	-11,484^r	-11,484	·
Earnings per share, basic	0.65	0.32	0.86	0.36	1.04	1.49	0.08	-0.48^r	-0.48	-1.21
Earnings per share, diluted	0.64	0.32	0.85	0.36	1.04	1.49	0.08	-0.48^r	-0.48	-1.21
Weighted average shares, basic	30,942	30,580^r	30,105^r	25,879,483	25,080,789	24,748,496	24,554,033	23,906,395^r	23,906,395	23,453,427
Weighted average shares, diluted	31,260,000^b	30,891,000^rb	30,541,000^rb	25,879,483	25,080,789	24,748,496	24,554,033	23,906,395^r	23,906,395	23,453,427

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LINC · research, not advice