{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-040228","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.006541+00:00","generated_at":"2026-06-22T05:03:33.167845+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Lincoln Educational Q3 revenue $91.8M, net income $3.5M; reiterates FY guidance","bullets":["Q3 revenue $91.8M (+3.1% YoY); net income $3.5M, EPS $0.10; adjusted EBITDA $7.4M.","Student starts declined 9.2% while average revenue per student rose 5.9%; full-year revenue guidance reaffirmed at $340-350M.","Board approved closing Somerville, MA campus with estimated $2.0M costs; teach-out for ~300 students ending by Dec 2023.","Repurchased 668,440 shares for $4.2M in Q3; terminated credit agreement (no outstanding debt); cash $69.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-040228","json":"https://secwatch.observer/filing/0001140361-22-040228.json","markdown":"https://secwatch.observer/filing/0001140361-22-040228.md","text":"https://secwatch.observer/filing/0001140361-22-040228.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122040228/0001140361-22-040228-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122040228/brhc10043755_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T05:03:33.167845+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":[{"claim_id":"160cefa67cc259ef6594e424d2a3275ff4e17be0","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported third quarter ended September 30, 2022 results: revenue $91.8 million, net income $3.5 million, EPS $0.10.","evidence_excerpt":"and financial results for the third quarter as well as recent business developments. Third Quarter 2022 Financial Highlights and Recent Operating Developments • Revenue of $91.8 million • Net income of $3.5 million • Adjusted EBITDA* of $7.4 million • Earnings per share of $0.10 • Cash of $69.6 million and debt free • Repurchased 668,440 shares of Company common","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122040228/0001140361-22-040228-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$91.8 million"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}