{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-018340","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.840496+00:00","generated_at":"2026-05-21T23:11:23.751351+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lincoln Ed reports Q1 revenue $117.5M (+13.7%); raises FY2025 guidance","bullets":["Revenue $117.5M (+13.7% YoY); net income $1.9M vs ($0.2M) loss; adj EBITDA $10.6M vs $6.5M.","Student starts +16.2% (excl. Transitional +20.9%); quarter-end population +15.2%.","FY2025 guidance raised: revenue $485M-$495M (prev $480M-$490M); adj EBITDA $58M-$63M (prev $55M-$60M).","Credit facility expanded to $60M revolv, $25M accordion; total liquidity ~$90M, no debt outstanding.","New campuses: Houston expected by year-end 2025; Hicksville, NY by end 2026; Nashville relocation completed."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-018340","json":"https://secwatch.observer/filing/0001140361-25-018340.json","markdown":"https://secwatch.observer/filing/0001140361-25-018340.md","text":"https://secwatch.observer/filing/0001140361-25-018340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125018340/0001140361-25-018340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125018340/ef20048738_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:11:23.751351+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}