{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-006965","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2022-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.784474+00:00","generated_at":"2026-06-27T03:28:19.662913+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lincoln Ed Q4 revenue up 7.4% to $87.8M, net income $24M; 2022 guidance $350-365M","bullets":["Q4 revenue $87.8M (+7.4% YoY); average students up 6.3%; ending population up 6.9% (+850).","Adjusted EBITDA $15.1M (+13.1%); net income $24.0M ($0.73 diluted).","Sale-leaseback gain $22.5M; retired all $17M debt; net cash $83.3M (up $62.5M YoY).","FY2021 revenue $335.3M (+14.4%); student starts up 7.5% to 15,402; Adj. EBITDA $38.1M (+59%).","2022 guidance: rev $350-365M, Adj. EBITDA $35-40M, net income $17-22M; start growth 5-10%."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-006965","json":"https://secwatch.observer/filing/0001140361-22-006965.json","markdown":"https://secwatch.observer/filing/0001140361-22-006965.md","text":"https://secwatch.observer/filing/0001140361-22-006965.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122006965/0001140361-22-006965-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122006965/brhc10034533_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T03:28:19.662913+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}