---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-006394"
form_type: "8-K"
ticker: "LINC"
cik: "0001286613"
company_name: "LINCOLN EDUCATIONAL SERVICES CORP"
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:05:09.389957+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lincoln Educational Q4 revenue $142.9M (+19.7%), net income $12.7M; FY2026 guidance revenue $580-590M

## Summary
- Q4 revenue $142.9M, up 19.7% YoY; net income $12.7M ($0.40 EPS) vs $6.8M ($0.22 EPS) a year ago.
- Full year 2025 revenue $518.2M (+17.8%), net income $20.0M (+102.2%), adjusted EBITDA $67.1M (+58.7%).
- FY2026 guidance: revenue $580-590M (13% YoY midpoint), adjusted EBITDA $72-76M (30% YoY midpoint).
- Student starts grew 15.7% ex-Transitional in Q4; 2026 student starts growth forecast 8-13%.
- Investor Day scheduled for March 19, 2026, at new Nashville campus to discuss five-year financial targets.

## SEC filing metadata
- accession: 0001140361-26-006394
- form_type: 8-K
- ticker: LINC
- cik: 0001286613
- company_name: LINCOLN EDUCATIONAL SERVICES CORP
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286613/000114036126006394/0001140361-26-006394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286613/000114036126006394/ef20066307_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-006394
- JSON: https://secwatch.observer/filing/0001140361-26-006394.json
- Plain text: https://secwatch.observer/filing/0001140361-26-006394.txt

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