Income Statement - LINCOLN EDUCATIONAL SERVICES CORP (LINC)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 518.24 | 440.06 | 378.07 | 348.29 | 335.34 | 293.10 | 273.34 | 263.20 | 261.85 | 196.91 | 193.22 | 325.02 | 345.02 | 402.70 | 512.63 | 639.49 | 552.54 | 376.91 | 327.77 | 321.51 |
| Cost of revenue | 205.39 | 181.76 | 162.28 | 148.75 | 138.93 | 122.20 | 123.50 | 125.37 | 129.41 | 94.92 | 92.17 | 164.35 | 172.69 | 192.21 | 222.96 | 239.74 | 211.30 | 153.53 | 139.50 | 136.63 |
| Gross profit | 312.85 | 258.31 | 215.80 | 199.54 | 196.41 | 170.90 | 149.85 | 137.83 | 132.44 | 101.99 | 101.06 | 160.67 | 172.34 | 210.49 | 289.67 | 399.76 | 341.24 | 223.38 | 188.27 | 184.88 |
| Total operating expenses | 282.95 | 243.13 | 182.44 | 183.26 | 147.14 | 156.12 | 145.18 | 141.24 | 138.78 | 103.13 | 98.32 | 168.44 | 178.49 | 204.30 | 244.40 | 270.88 | 252.67 | 187.80 | 162.38 | 156.87 |
| Operating income | 29.91 | 15.18 | 33.36 | 16.28 | 49.26 | 14.78 | 5.24 | -3.95 | -4.72 | -5.16 | 0.78 | -48.55 | -9.56 | -27.66 | 34.89 | 122.64 | 88.32 | 35.58 | 25.89 | 28.00 |
| Non-operating income (net) | -3.79 | -0.47 | 2.28 | 0.16 | -2.02 | 68.84 | -2.96 | -2.39 | -7.04 | 0.87 | -3.24 | -5.16 | -4.61 | -4.46 | -4.30 | -4.46 | -4.21 | -2.04 | -2.13 | -1.44 |
| Income before tax | 26.12 | 14.71 | 35.64 | 16.44 | 47.25 | 83.62 | 2.28 | -6.35 | -11.76 | -4.30 | -2.47 | -53.71 | -14.17 | -32.12 | 30.59 | 118.18 | 84.11 | 33.54 | 23.76 | 26.56 |
| Income tax expense | 6.12 | 4.82 | 9.64 | 3.80 | 12.53 | 35.06 | 0.27 | 0.20 | -0.27 | 0.20 | 0.24 | -4.23 | 19.59 | -8.24 | 13.05 | 48.45 | 34.87 | 13.34 | 9.93 | 11.01 |
| Net income | 20.00 | 9.89 | 26.00 | 12.63 | 34.72 | 48.57 | 2.02 | -6.55 | -11.48 | -28.30 | -3.35 | -56.13 | -51.29 | -37.19 | 17.54 | 69.73 | 49.24 | 20.20 | 8.34 | 15.55 |
Show Quarterly Income Statement
Income Statement - LINCOLN EDUCATIONAL SERVICES CORP (LINC)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 143.96 | 142.87 | 141.39 | 116.47 | 117.51 | 119.37 | 114.41 | 102.91 | 103.37 | 102.52 | 99.62 | 88.65 | 87.28 | 91.78 | 91.81 | 82.14 | 82.55 | 87.82 | 89.06 | 80.46 | 78.00 | 81.79 | 78.79 | 62.47 | 70.04 | 73.92 | 72.59 | 63.57 | 63.26 | 70.11 | 70.08 | 61.12 | 61.89 | 67.40 | 67.31 | 61.87 | 65.28 | 50.35 | 49.80 | 41.89 | 43.44 | 48.86 | 79.05 | 72.39 | 76.72 | 85.45 | 84.66 | 77.15 | 79.97 | 88.48 | 88.51 | 85.22 | 90.08 | 102.45 | 104.14 | 100.37 | 104.87 | 115.56 | 123.48 | 128.22 | 145.36 | 167.02 | 167.21 | 152.80 | 152.47 | 157.46 | 148.37 | 128.11 | 118.60 | 107.32 | 100.48 | 85.06 | 84.05 | 90.29 | 86.57 | 76.28 | 78.14 | 86.13 | 84.51 | 75.36 | 75.51 |
| Cost of revenue | 58.39 | 53.91 | 57.28 | 46.79 | 47.41 | 45.12 | 48.06 | 45.56 | 43.02 | 41.02 | 43.13 | 40.03 | 38.09 | 36.51 | 39.93 | 36.11 | 36.20 | 34.79 | 38.11 | 33.69 | 32.34 | 31.46 | 34.25 | 26.25 | 30.24 | 30.56 | 33.21 | 29.75 | 29.98 | 31.20 | 33.49 | 30.18 | 30.50 | 30.23 | 34.07 | 32.41 | 32.71 | 22.55 | 24.40 | 21.67 | 23.14 | 22.69 | 39.03 | 37.35 | 38.20 | 39.47 | 43.25 | 41.54 | 42.69 | 42.34 | 46.83 | 44.79 | 46.19 | 46.61 | 51.57 | 49.77 | 51.81 | 51.91 | 57.42 | 54.62 | 59.02 | 59.45 | 63.30 | 58.12 | 58.87 | 54.23 | 57.65 | 51.12 | 48.30 | 39.42 | 41.55 | 35.93 | 36.63 | 34.96 | 37.05 | 34.75 | 35.75 | 35.07 | 36.82 | 32.61 | 32.14 |
| Gross profit | 85.57 | 88.97 | 84.11 | 69.68 | 70.10 | 74.25 | 66.36 | 57.35 | 60.34 | 61.50 | 56.49 | 48.62 | 49.19 | 55.27 | 51.88 | 46.04 | 46.36 | 53.03 | 50.95 | 46.77 | 45.65 | 50.33 | 44.54 | 36.23 | 39.80 | 43.36 | 39.38 | 33.82 | 33.28 | 38.91 | 36.59 | 30.94 | 31.39 | 37.17 | 33.24 | 29.46 | 32.57 | 27.80 | 25.41 | 20.23 | 20.30 | 26.16 | 40.02 | 35.05 | 38.52 | 45.98 | 41.41 | 35.61 | 37.28 | 46.14 | 41.68 | 40.43 | 43.89 | 55.84 | 52.58 | 50.60 | 53.06 | 63.66 | 66.06 | 73.61 | 86.34 | 107.58 | 103.91 | 94.68 | 93.60 | 103.23 | 90.72 | 76.99 | 70.30 | 67.90 | 58.93 | 49.13 | 47.42 | 55.33 | 49.51 | 41.52 | 42.39 | 51.06 | 47.69 | 42.75 | 43.38 |
| Total operating expenses | 79.15 | 71.17 | 77.81 | 67.06 | 66.90 | 63.32 | 60.53 | 58.47 | 60.80 | 52.54 | 54.49 | 25.10 | 50.31 | 43.94 | 47.00 | 45.64 | 46.68 | 18.98 | 45.21 | 43.32 | 39.63 | 39.20 | 40.70 | 35.16 | 41.15 | 33.66 | 37.45 | 35.91 | 38.15 | 33.16 | 36.09 | 34.47 | 37.53 | 29.40 | 35.50 | 35.55 | 38.32 | 23.47 | 24.36 | 23.07 | 27.01 | 20.18 | 34.94 | 41.25 | 44.01 | 35.54 | 42.28 | 45.62 | 46.74 | 39.60 | 44.48 | 49.52 | 53.25 | 46.38 | 53.28 | 55.02 | 57.16 | 51.54 | 60.73 | 183.12 | 67.89 | 59.37 | 71.53 | 71.69 | 68.27 | 62.94 | 66.57 | 63.56 | 59.61 | 46.65 | 48.54 | 46.44 | 46.17 | 38.32 | 41.43 | 43.84 | 44.75 | 34.19 | 43.06 | 40.96 | 38.67 |
| Operating income | 6.41 | 17.80 | 6.30 | 2.62 | 3.19 | 10.93 | 5.82 | -1.12 | -0.46 | 8.96 | 2.00 | 23.52 | -1.12 | 11.33 | 4.88 | 0.40 | -0.33 | 34.04 | 5.75 | 3.45 | 6.02 | 11.13 | 3.84 | 1.16 | -1.35 | 10.05 | 2.14 | -2.09 | -4.86 | 5.75 | 0.08 | -3.52 | -6.26 | 7.78 | -0.73 | -6.03 | -5.73 | -0.09 | 1.04 | -2.84 | -6.32 | 4.44 | 4.63 | -6.21 | -5.44 | 8.91 | -42.31 | -10.00 | -9.40 | 6.53 | -2.70 | -14.38 | -11.07 | -10.18 | -2.46 | -28.09 | -4.10 | 12.12 | -5.04 | 9.34 | 18.48 | 41.96 | 32.38 | 22.98 | 25.32 | 40.05 | 24.15 | 13.43 | 10.69 | 21.25 | 10.39 | 2.69 | 1.25 | 17.01 | 8.08 | -2.32 | -2.36 | 16.87 | 4.63 | 1.80 | 4.71 |
| Non-operating income (net) | -0.81 | -1.88 | -1.00 | -0.55 | -0.37 | -0.37 | -0.20 | -0.03 | 0.13 | 0.46 | 0.86 | 0.52 | 0.44 | 0.27 | -0.04 | -0.04 | -0.04 | -1.14 | -0.29 | -0.30 | -0.29 | 70.10 | -0.28 | -0.33 | -0.35 | -0.82 | -0.75 | -0.83 | -0.55 | -0.67 | -0.63 | -0.53 | -0.56 | -0.49 | -0.71 | -0.69 | -5.15 | 0.23 | 0.27 | 0.16 | 0.25 | 1.05 | -2.00 | -1.34 | -1.40 | -1.31 | -1.44 | -1.16 | -1.26 | -1.28 | -1.07 | -1.17 | -1.09 | -1.06 | -1.05 | -1.05 | -1.30 | -1.05 | -1.09 | -1.08 | -1.08 | -1.14 | -1.09 | -1.03 | -1.19 | -1.03 | -1.10 | -1.08 | -1.00 | -0.47 | -0.55 | -0.56 | -0.46 | -0.47 | -0.59 | -0.64 | -0.44 | -0.43 | -0.81 | -0.21 | 0.01 |
| Income before tax | 5.60 | 15.92 | 5.29 | 2.08 | 2.83 | 10.56 | 5.63 | -1.15 | -0.33 | 9.43 | 2.85 | 24.03 | -0.67 | 11.60 | 4.84 | 0.36 | -0.37 | 32.90 | 5.45 | 3.16 | 5.73 | 81.23 | 3.56 | 0.83 | -1.70 | 9.23 | 1.39 | -2.92 | -5.42 | 5.08 | -0.55 | -4.05 | -6.82 | 7.28 | -1.44 | -6.72 | -10.88 | 0.13 | 1.31 | -2.68 | -6.08 | 5.49 | 2.63 | -7.56 | -6.83 | 7.61 | -43.75 | -11.17 | -10.66 | 5.25 | -3.77 | -15.55 | -12.16 | -11.24 | -3.51 | -29.14 | -5.40 | 11.07 | -6.13 | 8.25 | 17.39 | 40.82 | 31.29 | 21.95 | 24.13 | 39.02 | 23.05 | 12.35 | 9.69 | 20.78 | 9.85 | 2.12 | 0.79 | 16.54 | 7.49 | -2.96 | -2.80 | 16.43 | 3.82 | 1.59 | 4.72 |
| Income tax expense | 1.24 | 3.22 | 1.50 | 0.52 | 0.88 | 3.72 | 1.67 | -0.46 | -0.11 | 2.63 | 0.79 | 6.78 | -0.57 | 3.04 | 1.30 | 0.10 | -0.64 | 8.94 | 1.61 | 0.73 | 1.25 | 35.21 | 0.05 | 0.05 | 0.05 | 0.02 | 0.05 | 0.14 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | -0.42 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 | 0.05 | 0.05 | 0.05 | 0.49 | -5.67 | 0.43 | 0.43 | 27.12 | -1.49 | -6.17 | -4.68 | -2.29 | -2.03 | -8.43 | -2.34 | 4.89 | -2.20 | 3.32 | 7.04 | 17.63 | 12.41 | 8.75 | 9.67 | 16.68 | 9.39 | 4.92 | 3.87 | 8.02 | 4.14 | 0.88 | 0.31 | 6.92 | 3.12 | -1.26 | -1.18 | 6.84 | 1.58 | 0.62 | 1.96 |
| Net income | 4.36 | 12.70 | 3.80 | 1.55 | 1.94 | 6.83 | 3.95 | -0.68 | -0.21 | 6.79 | 2.06 | 17.25 | -0.11 | 8.56 | 3.54 | 0.26 | 0.27 | 23.96 | 3.84 | 2.43 | 4.49 | 46.02 | 3.51 | 0.78 | -1.75 | 9.21 | 1.34 | -3.06 | -5.47 | 5.03 | -0.60 | -4.10 | -6.87 | 7.71 | -1.49 | -6.77 | -10.93 | -18.63 | -0.47 | -3.14 | -6.07 | 8.56 | 2.58 | -7.61 | -6.88 | 4.64 | -38.08 | -11.60 | -11.09 | -32.15 | -2.28 | -9.38 | -7.49 | -11.94 | -1.48 | -20.71 | -3.06 | 6.18 | -3.93 | 4.93 | 10.36 | 23.19 | 18.88 | 13.20 | 14.46 | 22.33 | 13.66 | 7.43 | 5.82 | 12.76 | 5.71 | 1.24 | 0.48 | 9.62 | 2.04 | -1.70 | -1.62 | 9.59 | 2.23 | 0.97 | 2.76 |