LINCOLN EDUCATIONAL SERVICES CORP
LINCNasdaqOther · Services-Educational Services · NJ · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $518.2M | $440.1M | $378.1M | $348.3M | $335.3M | $293.1M |
| Operating income | $30.3M | $15.2M | $33.4M | $16.3M | $49.3M | $14.8M |
| Net income | $20.0M | $9.9M | $26.0M | $12.6M | $34.7M | $48.6M |
| Total assets | $493.2M | $436.6M | $345.2M | $291.6M | $295.3M | $245.2M |
| Total liabilities | $293.5M | $258.3M | $178.4M | $146.7M | $153.9M | $142.1M |
| Equity | $199.7M | $178.3M | $166.8M | $144.9M | $129.4M | $91.1M |
| EPS (diluted) | $0.64 | $0.32 | $0.85 | $0.36 | $1.04 | $1.49 |
| Shares out. | 31.6M | 31.8M | 31.5M | 27.4M | 27.0M | 26.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 5.8%
- Net margin
- 3.9%
- Return on equity
- 10.0%
- Return on assets
- 4.1%
- Return on capital (ROCE)
- 7.7%
- Liabilities / assets
- 59.5%
- Debt / equity
- 1.47×
- Book value / share
- $6.32
- Revenue growth (YoY)
- 17.8%
- Net income growth (YoY)
- 102.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 1.60grey zone
- Accruals / assets
- −8.0%clean
- Beneish M-Score
- -2.99normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 4 good- Altman Z″ in the grey zone
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.1M | 3.0 | +3.1% |
| Apr 30, 2026 | 2.0M | 6.2 | +9.6% |
| Apr 15, 2026 | 1.9M | 5.0 | +20.1% |
| Mar 31, 2026 | 1.5M | 2.6 | +22.2% |
| Mar 13, 2026 | 1.3M | 2.6 | +56.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementMay 13, 2026
- Results of operationsMay 11, 2026
- Shareholder vote · Regulation FD disclosureMay 11, 2026
- Entered a material agreement · New financial obligation · Other material eventApr 16, 2026
- Regulation FD disclosureMar 19, 2026
- Results of operationsFeb 23, 2026
- Entered a material agreement · Director / officer changeDec 23, 2025
- Results of operationsNov 10, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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