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Companies / Consumer Discretionary / Lincoln Educational Services Corporation
LINC

Lincoln Educational Services Corporation

Consumer DiscretionaryProfessional Services
Ticker LINCPARSIPPANY, NJFiscal year ends DecemberBook value per share $6.45Diluted shares 31.4M

Lincoln Educational Services Corporation operates as a diversified provider of career-oriented postsecondary education serving recent high school graduates and working adults across the United States. The company's website is www.lincolneducational.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$518.24MFY2025
+17.8% year over year
Last 12 mo $570.78M
5.85%FY2025
+2.4 percentage points
Last 12 mo 5.91%
$20.00MFY2025
+102.2% year over year
Last 12 mo $22.80M
10.01%FY2025
+4.5 percentage points
Last 12 mo 11.27%
Cash & financing
$59.31MFY2025
+102.4% year over year
Last 12 mo $94.02M
$-27.32MFY2025
+0.9% year over year
Last 12 mo $24.53M
0.16FY2025
Was 0.16× a year earlier
Last 12 mo 0.28
31.3MFY2025
+1.2% year over year
Last 12 mo 31.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lincoln Educational Services Corporation does

In the company’s own words

Lincoln Educational Services Corporation operates as a diversified provider of career-oriented postsecondary education serving recent high school graduates and working adults across the United States. The company's website is www.lincolneducational.com.

As of December 31, 2025, Lincoln operates 22 campuses across 12 states under three primary brands: Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College. The company serves approximately 17,046 enrolled students and employs approximately 2,590 people, including roughly 650 full-time instructors and 400 part-time instructors. Five of the company's campuses function as destination schools attracting students nationally and internationally, while the remaining campuses primarily serve local and regional communities.

Lincoln's educational offerings span four primary areas of study: skilled trades, automotive, health sciences, and information technology. Skilled trades represent the largest segment at 52 percent of average student enrollment, followed by automotive at 26 percent and health sciences and information technology at 22 percent. Programs range from diploma and certificate offerings lasting 27 to 104 weeks with tuition from $14,500 to $44,000, to associate degree programs lasting 77 to 94 weeks with tuition from $34,000 to $43,000. The company offers programs in electrical systems, HVAC, welding, CNC machining, automotive technology, collision repair, diesel truck service, medical assisting, dental assisting, licensed practical nursing, and computer systems support.

The company generates revenue primarily through Title IV federal student financial aid programs, which accounted for approximately 84.7 percent of revenues on a cash basis for fiscal year 2025. Additional revenue sources include veterans' benefits programs representing approximately 4.8 percent of revenues. Lincoln's business is organized into two reportable segments: Campus Operations, encompassing all continuing campuses, and Transitional, for campuses marked for closure or held for sale.

Lincoln maintains national accreditation through the Accrediting Commission of Career Schools and Colleges and operates under extensive federal and state regulatory oversight. The company is expanding geographically with new campuses planned for Hicksville, New York and Rowlett, Texas, while implementing a hybrid teaching platform called Lincoln 10.0 designed to enhance flexibility and scalability across its operations.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Professional Services
Headquarters
PARSIPPANY, NJ
Fiscal year end
December
CIK
1286613
SIC
8200

Financial performance, year by year

Fiscal 2013–2025 · USD
$-118.82M$69.25M$257.32M$445.40M$633.47M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lincoln Educational Services Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

190
funds hold it
0 of 35
superinvestors hold it
$521.82M
held by funds, at market
34.7%
of shares held by funds

Largest fund holders · Lincoln Educational Services Corporation’s weight in each

Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
2.53%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
AB Small Cap Growth Portfolio
QUASX · AB CAP FUND, INC.
1.18%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.11%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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