secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001140361-26-006394
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126006394/0001140361-26-006394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126006394/ef20066307_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-006394

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