---
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"
generated_at: "2026-06-02T21:49:07.957272+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LINC Q1 revenue up 19.7% to $103.4M; EBITDA triples; full-year guidance raised

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-024460
- JSON: https://secwatch.observer/filing/0001140361-24-024460.json
- Plain text: https://secwatch.observer/filing/0001140361-24-024460.txt

## Key facts
- Earnings Releases
  LINCOLN EDUCATIONAL SERVICES CORP reported the first quarter ended March 31, 2024 results: revenue $103.4 million. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $103.4 million
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1286613/000114036124024460/0001140361-24-024460-index.htm

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