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Lincoln Educational Services Corporation

LINC

Consumer Defensive · 25.05 +2.8% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Lincoln Educational Services Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+2.8% todayVolume comparison unavailable
Market group0 of 10 activeCoal and Real Estate · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • LINC's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if LINC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Defensive · Education & Training Services

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • LINC's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements101
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +17.8% year over year.
  • Operating margin changed +2.4 percentage points in the latest annual period.
  • Net margin changed +1.6 percentage points in the latest annual period.
  • Operating cash flow covered net income at 2.97x in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 118% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

25.05
6m-32.0%12m+31.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$335.3M+14.4%$1.04+1.3%
2022-12-31$348.3M+3.9%$0.36+3.2%
2023-12-31$378.1M+8.6%$0.85+18.0%
2024-12-31$440.1M+16.4%$0.32+1.1%
2025-12-31$518.2M+17.8%$0.64+1.2%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 4 filings
Investing Activities Net cash used in investing activities was $14.6 million for the three months ended March 31, 2026, compared to $19.6 million in the prior year comparable period primarily driven by higher capital expenditures associated with growth initia…
10-Q · May 11, 2026
Credit and interest ratesnegative · 4 filings
The decrease in cash used was primarily due to higher net borrowings in the current period, partially offset by higher cash outflows related to net share settlement of equity-based compensation.
10-Q · May 11, 2026
Legal and regulatory exposuremixed · 1 filings
See 10-K at “Regulatory Environment – Negotiated Rulemaking.” These proposed regulations were published in a notice of proposed rulemaking on March 6, 2026, and subject to a public notice and comment period, which ended April 8, 2026.
10-Q · May 11, 2026
Restructuring and cost reductionsmixed · 1 filings
For the years ended December 31, 2025 and 2024, as a result of impairment testing, it was determined that there was no impairment of long-lived assets .
10-K · Mar 2, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.5× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

25.05+2.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for LINC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for LINC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind LINC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MROSYFiling-linked namepartnerMar 2, 2026

In addition, we invested $7.8 million into expanding programs at the Melrose, Illinois, Allentown, Pennsylvania and South Plainfield, New Jersey campuses and we invested an additional $22.5 million for educational equipment, real estate improvements, and info…

Depended on by

UTIUniversal Technical Institute, Inc.competitorNov 26, 2025

Within the for-profit education sector, some of our public company competitors are Adtalem Global Education, Inc., American Public Education, Inc., Legacy Education, Lincoln Educational Services Corporation, Perdoceo Education Corporation, and Strategic Educa…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

LINC is currently a Follower in the organic co-movement group Coal and Real Estate. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for LINC; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.