{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-020531","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2026-05-11T19:47:07+00:00","discovered_at":"2026-05-11T19:48:01.326713+00:00","generated_at":"2026-05-11T19:48:41.326726+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lincoln Educational Q1 revenue up 22.5% to $144M; net income doubles; raises FY 2026 guidance","bullets":["Revenue $144.0M (+22.5% YoY); net income $4.4M ($0.14 EPS) vs $1.9M ($0.06 EPS).","Adjusted EBITDA $15.5M (+85%); student starts 5,500 (+19.5%); ending pop. 18,702 (+17.6%).","Net cash from ops improved to $4.6M generated vs ($8.4M) used a year ago.","Total liquidity ~$72M as of March 31, 2026.","Full-year 2026 guidance raised reflecting strong Q1 and current trends."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-020531","json":"https://secwatch.observer/filing/0001140361-26-020531.json","markdown":"https://secwatch.observer/filing/0001140361-26-020531.md","text":"https://secwatch.observer/filing/0001140361-26-020531.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/0001140361-26-020531-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/ef20072995_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T19:48:41.326726+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":[{"claim_id":"456ccbbf751a98f1d33589dcc9bf752989d98eee","claim":"LINCOLN EDUCATIONAL SERVICES CORP reported first quarter ended March 31, 2026 results: revenue $144.0 million, net income $4.4 million, or $0.14 per share, EPS $0.14 per share. Guidance raised.","evidence_excerpt":"Quarter 2026 Financial and Operational Highlights (Quarter ended March 31, 2026, compared to quarter ended March 31, 2025, unless otherwise noted) • Revenue increased 22.5% to $144.0 million from $117.5 million • Net income more than doubled to $4.4 million, or $0.14 per share, compared to $1.9 million, or $0.06 per share • Adjusted EBITDA 1 increased 85% to $15.5","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/0001140361-26-020531-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$144.0 million"},{"label":"Net income","value":"$4.4 million, or $0.14 per share"},{"label":"EPS","value":"$0.14 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}