{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-024460","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.717348+00:00","generated_at":"2026-06-02T21:49:07.957272+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LINC Q1 revenue up 19.7% to $103.4M; EBITDA triples; full-year guidance raised","bullets":["Revenue $103.4M (+19.7% YoY); student starts up 15.3%; student population +11.2%.","Adjusted EBITDA tripled to $6.5M; new $40M credit facility with Fifth Third Bank.","Full-year 2024 guidance raised: revenue $418-428M, adjusted EBITDA $37-42M.","New campus in East Point, GA opened; 5-year $6M training agreement with CMC.","Ended quarter with $109M liquidity, no debt outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-024460","json":"https://secwatch.observer/filing/0001140361-24-024460.json","markdown":"https://secwatch.observer/filing/0001140361-24-024460.md","text":"https://secwatch.observer/filing/0001140361-24-024460.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/0001140361-24-024460-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/ef20028510_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:49:07.957272+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":"123790598dec01f20260f8a46859a05d3402caf0","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported the first quarter ended March 31, 2024 results: revenue $103.4 million. Guidance raised.","evidence_excerpt":"and operating results for the first quarter ended March 31, 2024, as well as recent business developments. First Quarter 2024 Financial Highlights* • Revenue grew 19.7% to $103.4 million • Adjusted EBITDA tripled to $6.5 million • Student starts increased 15.3% • Ended quarter with 1,388 additional students, a 11.2% increase in population • Total liquidity of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/0001140361-24-024460-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$103.4 million"},{"label":"Guidance","value":"raised"},{"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"}