secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001140361-25-018340
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Ed reports Q1 revenue $117.5M (+13.7%); raises FY2025 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036125018340/0001140361-25-018340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036125018340/ef20048738_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-018340

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer