---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-018272"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:15:57.882291+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Q1 revenue up 5.8% to $82.6M; reiterates FY2022 guidance

## Summary
- Revenue $82.6M, up 5.8% YoY; average student population rose 4.4%.
- Adjusted EBITDA $2.4M vs $5.4M prior year; net loss with tax benefit of $0.6M.
- Full-year 2022 guidance reaffirmed: revenue $350-365M, adj. EBITDA $35-40M, net income $17-22M.
- Expects Q2 low double-digit start growth; sale of Nashville campus now Q3 with ~$34M net proceeds.
- Transportation/Trades segment revenue $58.8M (+5.6%); Healthcare segment $23.8M (+6.5%).

## SEC filing metadata
- accession: 0001140361-22-018272
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036122018272/0001140361-22-018272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036122018272/brhc10037296_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-018272
- JSON: https://secwatch.observer/filing/0001140361-22-018272.json
- Plain text: https://secwatch.observer/filing/0001140361-22-018272.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.