---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-030095"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:13:44.428104+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Services Q2 revenue $116.5M (+13.2%), raises FY2025 guidance

## Summary
- Revenue $116.5M (+13.2% YoY); net income $1.6M vs $0.7M net loss in prior year.
- Adjusted EBITDA $10.5M (+68.4%); student starts up 19.5% (21.8% ex-Transitional).
- Full-year 2025 revenue guidance raised to $490M-$500M; adjusted EBITDA to $60M-$65M.
- Student starts growth guidance increased to 12%-15%; capital expenditures to $75M-$80M.
- Campus development progress: Houston enrolling, Levittown opened, Nashville exceeding expectations.

## SEC filing metadata
- accession: 0001140361-25-030095
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2025-08-11T23:59:59+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/1286613/000114036125030095/0001140361-25-030095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036125030095/ef20053631_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-030095
- JSON: https://secwatch.observer/filing/0001140361-25-030095.json
- Plain text: https://secwatch.observer/filing/0001140361-25-030095.txt

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