MARKETS / NASDAQ / LINC
NASDAQ · SERVICES-EDUCATIONAL SERVICES · MID CAP

Lincoln Educational Services Corporation LINC

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$518.2M
▲ 17.8% vs FY2024
EPS · FY25
$0.64
Dividend / sh · FY25
Payout · FY25
ROE · FY25
10.6%
Net margin · FY25
3.9%
Dividend coverage
-13.7×
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Result
USD 518.2M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.20.40.60.80.50.02009201220152018202120242025
0.20.40.60.80.50.02016201920222025

4 cents of every revenue dollar became profit this year.

Per share
USD 0.64
Diluted EPS, FY2025
EPS Dividend
1230.642009201220152018202120242025
1230.642016201920222025

The dividend was paid in a year without profit.

Profitability
10.6%
Return on equity, FY2025
ROE
2040608010.6%2009201220152018202120242025
2040608010.6%2016201920222025
Operating margin5.8%
Net margin3.9%
Return on assets4.3%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+12.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+14.2%
+12.1%
+5.4%
−1.0%
Net income
+16.5%
−16.3%
−8.0%
EPS, diluted
+21.1%
−15.6%
−9.3%
Dividend / share
+37.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.030.032009201220152018202120242025
0.000.032016201920222025
Change, 5 years+19.4%
Change, 10 years+6.4%

The share count grew 19% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 493.2M
total assets, end of FY2025
Total assetsUSD 493.2M
EquityUSD 199.7M
CashUSD 28.5M
Current ratio0.86×

Equity funds 40% of total assets.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.5
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.4
0.5
0.6
0.6
Operating income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
0.1
0.1
EBITDA $B
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
0.0
0.1
0.1
0.1
Income tax $B
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
−0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.1
−0.1
−0.0
0.0
0.1
0.0
EPS, diluted $
0.64
0.32
0.85
0.36
1.04
1.49
0.08
−0.48
−0.48
−1.21
−0.14
−2.46
−2.28
−1.68
0.79
2.79
1.82
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
0.18
0.28
0.28
0.07
1.00
·
Payout %
·
·
·
·
·
·
·
·
·
−0
−0
−8
−13
−17
105
8
0
ROE %
10.6
5.7
16.7
9.2
31.5
72.4
4.9
−26.8
−22.8
−41.6
−4.1
−49.2
−29.8
−17.0
7.6
31.6
22.5
Shares out B
0.03
0.03
0.03
0.03
0.03
0.03
0.00
0.00
0.00
0.00
0.03
0.03
0.03
0.03
0.03
0.03
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
49 of 49
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed