{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-041367","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.031271+00:00","generated_at":"2026-05-16T22:16:08.145865+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational raises FY2025 guidance after Q3 revenue up 23.6%, adj. EBITDA up 65.1%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-041367","json":"https://secwatch.observer/filing/0001140361-25-041367.json","markdown":"https://secwatch.observer/filing/0001140361-25-041367.md","text":"https://secwatch.observer/filing/0001140361-25-041367.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125041367/0001140361-25-041367-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036125041367/ef20058711_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:16:08.145865+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"}