← LINCOLN EDUCATIONAL SERVICES CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $196.9m |
$261.9m
+32.98%
|
$263.2m
+0.51%
|
$273.3m
+3.85%
|
$293.1m
+7.23%
|
$335.3m
+14.41%
|
$348.3m
+3.86%
|
$378.1m
+8.55%
|
$440.1m
+16.40%
|
$518.2m
+17.76%
|
$544.7m
+5.10%
|
|
| Cost of Revenue | $94.9m |
$129.4m
+36.34%
|
$125.4m
-3.12%
|
$123.5m
-1.50%
|
$122.2m
-1.05%
|
$138.9m
+13.70%
|
$148.7m
+7.06%
|
$162.3m
+9.10%
|
$181.8m
+12.01%
|
$205.4m
+13.00%
|
$216.4m
+5.35%
|
|
| Gross Profit (Calculated) | $102.0m |
$132.4m
+29.86%
|
$137.8m
+4.07%
|
$149.8m
+8.72%
|
$170.9m
+14.05%
|
$196.4m
+14.92%
|
$199.5m
+1.60%
|
$215.8m
+8.15%
|
$258.3m
+19.70%
|
$312.9m
+21.12%
|
— | |
| Selling, General and Administrative Expense | $103.1m | $138.8m | $141.2m | $145.2m | $156.2m | $168.9m | $182.4m | $209.1m | $243.8m | $282.9m | $295.2m | |
| Amortization of Intangible Assets | $100k | — | — | — | — | — | — | — | — | — | — | |
| Operating Income (Loss) | ($5.2m) |
($4.7m)
+8.66%
|
($4.0m)
+16.16%
|
$5.2m
+232.47%
|
$14.8m
+182.19%
|
$49.3m
+233.27%
|
$16.3m
-66.96%
|
$33.4m
+104.93%
|
$15.2m
-54.50%
|
$30.3m
+99.72%
|
$32.2m
+6.23%
|
|
| Interest Expense | $6.0m | $7.1m | $2.4m | $3.0m | $1.3m | $2.0m | $160k | $347k | $2.6m | $3.4m | $3.5m | |
| Investment Income, Interest | $155k | $56k | $31k | $8k | $0 | — | $318k | $2.6m | $2.1m | $126k | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | — | — | ($461k) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($4.3m) | ($11.8m) | ($6.3m) | $2.3m | $13.5m | $47.2m | $16.4m | $35.6m | $14.7m | $26.1m | $28.9m | |
| Current Income Tax Expense (Benefit) | $200k | $150k | $200k | $115k | $802k | $1.2m | $2.5m | $8.0m | $7.1m | $3.5m | $6.5m | |
| Income Tax Expense (Benefit) | $200k | ($274k) | $200k | $268k | ($35.1m) | $12.5m | $3.8m | $9.6m | $4.8m | $6.1m | $6.5m | |
| Net Income (Loss) Attributable to Parent | ($28.3m) |
($11.5m)
+59.43%
|
($6.5m)
+43.01%
|
$2.0m
+130.79%
|
$48.6m
+2310.17%
|
$34.7m
-28.51%
|
$12.6m
-63.61%
|
$26.0m
+105.77%
|
$9.9m
-61.95%
|
$20.0m
+102.18%
|
$22.4m
+12.06%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($28.3m) |
($11.5m)
+59.43%
|
($6.5m)
+43.01%
|
$1.9m
+129.38%
|
$36.8m
+1814.35%
|
$26.1m
-29.10%
|
$9.2m
-64.71%
|
$26.0m
+182.24%
|
$9.9m
-61.95%
|
$20.0m
+102.18%
|
$22.4m
+12.06%
|
|
| Preferred Stock Dividends and Other Adjustments | — | — | — | $0 | $1.4m | $1.2m | $1.1m | $0 | $0 | — | — | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | $0 | $1.4m | $1.2m | $1.1m | $0 | $0 | — | — | |
| Earnings Per Share, Basic | ($1.21) | ($0.48) | ($0.27) | $0.08 | $1.49 | $1.04 | $0.36 | $0.86 | $0.32 | $0.65 | $0.73 | |
| Earnings Per Share, Diluted | ($1.21) | ($0.48) | ($0.27) | $0.08 | $1.49 | $1.04 | $0.36 | $0.85 | $0.32 | $0.64 | $0.72 | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($0) | ($0) | ($0) | $0 | $1 | $1 | $0 | $1 | $0 | $1 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($0) | — | — | — | — | — | — | — | — | — | — | |
| Weighted Average Number of Shares Outstanding, Basic | 23.5m | 23.9m | 24.4m | 24.6m | 24.7m | 25.1m | 25.9m | 30.1m | 30.6m | 31k | 31.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 23.5m | 23.9m | 24.4m | 24.6m | 24.7m | 25.1m | 25.9m | 30.5m | 30.9m | 31k | 31.3m | |
| Additional Financial Items | ||||||||||||
| Costs and Expenses | $202.1m | $266.6m | $267.2m | $268.1m | $278.3m | $286.1m | $332.0m | $344.7m | $424.9m | $487.9m | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | — | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($4.5m) | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($23.8m) | — | — | — | — | — | — | — | — | — | — |