secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2026-05-11T19:47:07+00:00
Accession:  0001140361-26-020531
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Educational Q1 revenue up 22.5% to $144M; net income doubles; raises FY 2026 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/0001140361-26-020531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/ef20072995_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-020531

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