earnings
confidence high
sentiment positive
materiality 0.75
Lincoln Educational raises FY2025 guidance after Q3 revenue up 23.6%, adj. EBITDA up 65.1%
LINCOLN EDUCATIONAL SERVICES CORP
2025-Q3 EPS
reported $0.23
vs consensus $0.04
▲ beat
(+443.7%)
- Q3 revenue $141.4M (+23.6% YoY); net income $3.8M ($0.12/share) vs $4.0M ($0.13) prior year which included $2.8M insurance gain.
- Adjusted EBITDA rose 65.1% to $16.9M; student population up 14.8%, student starts up 3.2% (6% ex-Transitional).
- Full-year 2025 guidance raised: revenue $505-510M, adj. EBITDA $65-67M, net income $17-19M, student starts growth 15%-16%.
- Raised 2027 objectives to >$600M revenue and $90M adj. EBITDA; new campus in Rowlett, TX expected early 2027.
- Investor Day scheduled for March 19, 2026 at new Nashville campus.