---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-005599"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T05:30:07.016607+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Q4 revenue up 16.4% to $119.4M; guides 2025 revenue $480-490M

## Summary
- Q4 net income $6.8M, adjusted EBITDA $19.2M; full-year revenue $440.1M (+16.4% YoY).
- Student starts grew 9.6% in Q4 and 15.2% for the full year; end-of-quarter population up 14.1%.
- Full-year 2025 guidance: revenue $480-490M, adjusted EBITDA $55-60M, net income $8-13M.
- Sale of Summerlin (Las Vegas) campus completed Jan 1, 2025; recorded $1.2M loss on sale in Q4.
- Lease signed for new Hicksville, NY campus (~65,000 sq ft); expected to open May 2025.

## SEC filing metadata
- accession: 0001140361-25-005599
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2025-02-24T23:59:59+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/1286613/000114036125005599/0001140361-25-005599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036125005599/ef20044171_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-005599
- JSON: https://secwatch.observer/filing/0001140361-25-005599.json
- Plain text: https://secwatch.observer/filing/0001140361-25-005599.txt

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