secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001140361-25-005599
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036125005599/0001140361-25-005599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036125005599/ef20044171_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-005599

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