LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Every figure below is the company's own, as filed. Nothing is estimated and nothing is smoothed — a period the filing does not support is left blank rather than drawn. Quarters are the company's own, counted from its financial year ending 12-31. Amounts in USD.

Revenue Quarterly

0 60M 120M 180M Q1 '10: 152.5M Q2 '10: 152.8M Q3 '10: 167.2M Q4 '10: 132.3M Q1 '11: 145.4M Q2 '11: 128.2M Q3 '11: 123.5M Q4 '11: 111.8M Q1 '12: 101.2M Q2 '12: 97M Q3 '12: 102.1M Q4 '12: 97M Q1 '13: 86.3M Q2 '13: 81.8M Q3 '13: 88.5M Q4 '13: 87.4M Q1 '14: 79.2M Q2 '14: 76.4M Q3 '14: 84M Q4 '14: 53.1M Q1 '15: 47.7M Q2 '15: 44.7M Q3 '15: 54M Q4 '15: 155.5M Q1 '16: 70.6M Q2 '16: 68.1M Q3 '16: 74.3M Q4 '16: 72.6M Q1 '17: 65.3M Q2 '17: 61.9M Q3 '17: 67.3M Q4 '17: 67.4M Q1 '18: 61.9M Q2 '18: 61.1M Q3 '18: 70.1M Q4 '18: 70.1M Q1 '19: 63.3M Q2 '19: 63.6M Q3 '19: 72.6M Q4 '19: 73.9M Q1 '20: 70M Q2 '20: 62.5M Q3 '20: 78.8M Q4 '20: 81.8M Q1 '21: 78M Q2 '21: 80.5M Q3 '21: 89.1M Q4 '21: 87.8M Q1 '22: 82.6M Q2 '22: 82.1M Q3 '22: 91.8M Q4 '22: 91.8M Q1 '23: 87.3M Q2 '23: 88.6M Q3 '23: 99.6M Q4 '23: 102.5M Q1 '24: 103.4M Q2 '24: 102.9M Q3 '24: 114.4M Q4 '24: 119.4M Q1 '25: 117.5M Q2 '25: 116.5M Q3 '25: 141.4M Q4 '25: 142.9M Q1 '26: 144M Q2 '26: 142.6M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Gross Profit Quarterly

0 40M 80M 120M Q1 '10: 93.6M Q2 '10: 94.7M Q3 '10: 103.9M Q4 '10: 85.3M Q1 '11: 86.3M Q2 '11: 73.6M Q3 '11: 66.1M Q4 '11: 86.2M Q1 '12: 52.2M Q2 '12: 49.9M Q3 '12: 52.6M Q4 '12: 64.3M Q1 '13: 42.7M Q2 '13: 39.4M Q3 '13: 44.1M Q1 '14: 37.5M Q2 '14: 35.7M Q3 '14: 41.5M Q1 '15: 24.8M Q2 '15: 22.2M Q3 '15: 29M Q4 '15: 76.2M Q1 '16: 33.5M Q2 '16: 32.5M Q3 '16: 36.7M Q4 '16: 38.4M Q1 '17: 32.6M Q2 '17: 29.5M Q3 '17: 33.2M Q4 '17: 37.2M Q1 '18: 31.4M Q2 '18: 30.9M Q3 '18: 36.6M Q4 '18: 38.9M Q1 '19: 33.3M Q2 '19: 33.8M Q3 '19: 39.4M Q4 '19: 43.4M Q1 '20: 39.8M Q2 '20: 36.2M Q3 '20: 44.5M Q4 '20: 50.3M Q1 '21: 45.7M Q2 '21: 46.8M Q3 '21: 51M Q4 '21: 53M Q1 '22: 46.4M Q2 '22: 46M Q3 '22: 51.9M Q4 '22: 55.3M Q1 '23: 49.2M Q2 '23: 48.6M Q3 '23: 56.5M Q4 '23: 61.5M Q1 '24: 60.3M Q2 '24: 57.4M Q3 '24: 66.4M Q4 '24: 74.3M Q1 '25: 70.1M Q2 '25: 69.7M Q3 '25: 84.1M Q4 '25: 89M Q1 '26: 85.6M Q2 '26: 82.9M Q4 '11 Q1 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Revenue minus cost of sales. This filer tags no gross profit of its own..

Operating Income Quarterly

-45M -30M -15M 0 15M 30M 45M Q1 '10: 25.3M Q2 '10: 23M Q3 '10: 32.4M Q4 '10: 34.3M Q1 '11: 18.5M Q2 '11: 9.3M Q3 '11: -5M Q4 '11: 12.2M Q1 '12: -2.6M Q2 '12: -16.7M Q3 '12: 1.8M Q4 '12: 4.7M Q1 '13: -7.4M Q2 '13: -9.9M Q3 '13: 1.2M Q4 '13: 12.6M Q1 '14: -8.6M Q2 '14: -9.4M Q3 '14: -39.5M Q4 '14: 33.8M Q1 '15: -4.8M Q2 '15: -4.4M Q3 '15: 5.9M Q4 '15: 4M Q1 '16: -6.2M Q2 '16: -3.2M Q3 '16: -671K Q4 '16: -18.8M Q1 '17: -5.7M Q2 '17: -6M Q3 '17: -731K Q4 '17: 7.8M Q1 '18: -6.3M Q2 '18: -3.5M Q3 '18: 76K Q4 '18: 5.8M Q1 '19: -4.9M Q2 '19: -2.1M Q3 '19: 2.1M Q1 '20: -1.3M Q2 '20: 1.2M Q3 '20: 3.8M Q4 '20: 11.1M Q1 '21: 6M Q2 '21: 3.5M Q3 '21: 5.7M Q4 '21: 34M Q1 '22: -326K Q2 '22: 396K Q3 '22: 4.9M Q4 '22: 11.3M Q1 '23: -1.1M Q2 '23: 23.5M Q3 '23: 2M Q4 '23: 9M Q1 '24: -458K Q2 '24: -1.1M Q3 '24: 5.8M Q4 '24: 10.9M Q1 '25: 3.4M Q2 '25: 2.9M Q3 '25: 6.3M Q4 '25: 17.7M Q1 '26: 6.4M Q2 '26: 3.3M Q2 '10 Q3 '12 Q4 '14 Q1 '17 Q2 '19 Q4 '21 Q1 '24 Q2 '26

Net Income Quarterly

-40M -20M 0 20M 40M 60M Q1 '10: 14.5M Q2 '10: 13.2M Q3 '10: 18.9M Q4 '10: 23.2M Q1 '11: 10.4M Q2 '11: 4.9M Q3 '11: -3.9M Q4 '11: 6.2M Q1 '12: -3.1M Q2 '12: -20.7M Q3 '12: -1.5M Q4 '12: -11.9M Q1 '13: -7.5M Q2 '13: -9.4M Q3 '13: -2.3M Q4 '13: -32.1M Q1 '14: -11.1M Q2 '14: -11.6M Q3 '14: -38.1M Q4 '14: 4.6M Q1 '15: -6.9M Q2 '15: -7.6M Q3 '15: 2.6M Q4 '15: 8.6M Q1 '16: -6.1M Q2 '16: -3.1M Q3 '16: -471K Q4 '16: -18.6M Q1 '17: -10.9M Q2 '17: -6.8M Q3 '17: -1.5M Q4 '17: 7.7M Q1 '18: -6.9M Q2 '18: -4.1M Q3 '18: -600K Q4 '18: 5M Q1 '19: -5.5M Q2 '19: -3.1M Q3 '19: 1.3M Q4 '19: 9.2M Q1 '20: -1.8M Q2 '20: 783K Q3 '20: 3.5M Q4 '20: 46M Q1 '21: 4.5M Q2 '21: 2.4M Q3 '21: 3.8M Q4 '21: 24M Q1 '22: 272K Q2 '22: 259K Q3 '22: 3.5M Q4 '22: 8.6M Q1 '23: -109K Q2 '23: 17.2M Q3 '23: 2.1M Q4 '23: 6.8M Q1 '24: -214K Q2 '24: -682K Q3 '24: 4M Q4 '24: 6.8M Q1 '25: 1.9M Q2 '25: 1.6M Q3 '25: 3.8M Q4 '25: 12.7M Q1 '26: 4.4M Q2 '26: 1.9M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Cost of Revenue Quarterly

0 30M 60M 90M Q1 '10: 58.9M Q2 '10: 58.1M Q3 '10: 63.3M Q4 '10: 47M Q1 '11: 59M Q2 '11: 54.6M Q3 '11: 57.4M Q4 '11: 25.6M Q1 '12: 49M Q2 '12: 47.2M Q3 '12: 49.4M Q4 '12: 32.7M Q1 '13: 43.6M Q2 '13: 42.4M Q3 '13: 44.4M Q1 '14: 41.8M Q2 '14: 40.7M Q3 '14: 42.4M Q1 '15: 22.9M Q2 '15: 22.5M Q3 '15: 25M Q4 '15: 79.3M Q1 '16: 37.1M Q2 '16: 35.6M Q3 '16: 37.5M Q4 '16: 34.2M Q1 '17: 32.7M Q2 '17: 32.4M Q3 '17: 34.1M Q4 '17: 30.2M Q1 '18: 30.5M Q2 '18: 30.2M Q3 '18: 33.5M Q4 '18: 31.2M Q1 '19: 30M Q2 '19: 29.7M Q3 '19: 33.2M Q4 '19: 30.6M Q1 '20: 30.2M Q2 '20: 26.2M Q3 '20: 34.3M Q4 '20: 31.5M Q1 '21: 32.3M Q2 '21: 33.7M Q3 '21: 38.1M Q4 '21: 34.8M Q1 '22: 36.2M Q2 '22: 36.1M Q3 '22: 39.9M Q4 '22: 36.5M Q1 '23: 38.1M Q2 '23: 40M Q3 '23: 43.1M Q4 '23: 41M Q1 '24: 43M Q2 '24: 45.6M Q3 '24: 48.1M Q4 '24: 45.1M Q1 '25: 47.4M Q2 '25: 46.8M Q3 '25: 57.3M Q4 '25: 53.9M Q1 '26: 58.4M Q2 '26: 59.6M Q4 '11 Q1 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Operating Cash Flow Quarterly

-20M 0 20M 40M 60M Q3 '10: 43.1M Q4 '10: 46.4M Q1 '11: 15M Q2 '11: 4.1M Q3 '11: 8M Q4 '11: 9.7M Q1 '12: 5.7M Q2 '12: -1.7M Q3 '12: 4.1M Q4 '12: 7.9M Q1 '13: -4.2M Q2 '13: -10.1M Q3 '13: 4.9M Q4 '13: 12.6M Q1 '14: -8.4M Q2 '14: -6.5M Q3 '14: 16.2M Q4 '14: 10.7M Q1 '15: -6.3M Q2 '15: -5.3M Q3 '15: 14.1M Q4 '15: 11.8M Q1 '16: -9.2M Q2 '16: -9M Q3 '16: 8.6M Q4 '16: 3.4M Q1 '17: -11.5M Q2 '17: -8M Q3 '17: 2.9M Q4 '17: 5.3M Q1 '18: -10M Q2 '18: -2.3M Q3 '18: 6.5M Q4 '18: 4.1M Q1 '19: -10.9M Q2 '19: 140K Q3 '19: 5.9M Q4 '19: 5.9M Q1 '20: -11.9M Q2 '20: 18.4M Q3 '20: 3.8M Q4 '20: 13.3M Q1 '21: -8.3M Q2 '21: 9.4M Q3 '21: 16.7M Q4 '21: 9.7M Q1 '22: -14.4M Q2 '22: 4.4M Q3 '22: 10.6M Q4 '22: 270K Q1 '23: -214K Q2 '23: 10.6M Q3 '23: -6.8M Q4 '23: 21.9M Q1 '24: -14.9M Q2 '24: 8.3M Q3 '24: 5.6M Q4 '24: 30.3M Q1 '25: -8.4M Q2 '25: 299K Q3 '25: 23.9M Q4 '25: 43.5M Q1 '26: 4.6M Q2 '26: 22.1M Q2 '12 Q2 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Free Cash Flow Quarterly

-30M -15M 0 15M 30M 45M Q3 '10: 33.8M Q4 '10: 37.5M Q1 '11: 3.2M Q2 '11: -8.1M Q3 '11: 1.2M Q4 '11: 2.4M Q1 '12: 3M Q2 '12: -3.8M Q3 '12: 2.1M Q4 '12: 5.8M Q1 '13: -4.8M Q2 '13: -11.3M Q3 '13: 3.3M Q4 '13: 9.6M Q1 '14: -9M Q2 '14: -8.5M Q3 '14: 14M Q4 '14: 8M Q1 '15: -7.1M Q2 '15: -5.9M Q3 '15: 13.8M Q4 '15: 11.2M Q1 '16: -9.7M Q2 '16: -10M Q3 '16: 8M Q4 '16: 2M Q1 '17: -12.3M Q2 '17: -9.3M Q3 '17: 1.2M Q4 '17: 4.3M Q1 '18: -10.5M Q2 '18: -3.6M Q3 '18: 4.1M Q4 '18: 3.6M Q1 '19: -11.6M Q2 '19: -433K Q3 '19: 3.8M Q4 '19: 3.8M Q1 '20: -13.2M Q2 '20: 16.6M Q3 '20: 3.3M Q4 '20: 11.2M Q1 '21: -9.5M Q2 '21: 7.1M Q3 '21: 14.9M Q4 '21: 7.4M Q1 '22: -15.4M Q2 '22: 1.8M Q3 '22: 7.1M Q4 '22: -1.7M Q1 '23: -3.5M Q2 '23: 3M Q3 '23: -24.6M Q4 '23: 9.9M Q1 '24: -16.6M Q2 '24: -2.7M Q3 '24: -13.8M Q4 '24: 5.5M Q1 '25: -28.3M Q2 '25: -26.1M Q3 '25: 2M Q4 '25: 25M Q1 '26: -10.1M Q2 '26: 7.6M Q2 '12 Q2 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Operating cash flow minus capital expenditure.

Shares Outstanding Quarterly

0 15M 30M 45M Q2 '10: 26.4M Q3 '10: 25K Q1 '11: 22.4M Q2 '11: 22.6M Q3 '11: 22M Q1 '12: 22.1M Q2 '12: 22.2M Q3 '12: 22.3M Q4 '12: 22.3K Q1 '13: 22.4M Q2 '13: 22.5M Q3 '13: 22.8M Q4 '13: 22.6M Q1 '14: 22.7M Q2 '14: 22.8M Q3 '14: 22.8M Q4 '14: 23M Q1 '15: 23.1M Q2 '15: 23.1M Q3 '15: 23.3M Q4 '15: 23.3M Q1 '16: 23.4M Q2 '16: 23.4M Q3 '16: 23.5M Q4 '16: 23.5M Q1 '17: 23.6M Q2 '17: 24M Q3 '17: 24M Q4 '17: 24.6M Q1 '18: 24.1M Q2 '18: 24.5M Q3 '18: 24.5M Q4 '18: 24.6M Q1 '19: 24.5M Q2 '19: 24.6M Q3 '19: 24.6M Q4 '19: 24.6M Q1 '20: 24.6M Q2 '20: 24.7M Q3 '20: 24.8M Q1 '21: 24.9M Q2 '21: 25.1M Q3 '21: 25.1M Q1 '22: 25.7M Q2 '22: 26M Q3 '22: 25.4M Q1 '23: 30M Q2 '23: 30.4M Q3 '23: 30.7M Q1 '24: 30.3M Q2 '24: 30.7M Q3 '24: 31M Q1 '25: 31.1M Q2 '25: 31.3M Q3 '25: 31.3M Q1 '26: 31.3M Q2 '26: 31.4M Q2 '10 Q4 '12 Q4 '14 Q4 '16 Q4 '18 Q1 '21 Q3 '23 Q2 '26

Weighted average diluted, as the filer reports it for each period. An average cannot be added across periods, so this one is always shown per period the filer tagged rather than as a trailing year.

EPS TTM

-4.50 -3.00 -1.50 0.00 1.50 3.00 4.50 Q3 '11: 1.49 Q4 '11: 0.78 Q1 '12: 0.18 Q2 '12: -0.97 Q3 '12: -0.86 Q4 '13: -2.27 Q1 '14: -2.43 Q2 '14: -2.52 Q3 '14: -4.09 Q4 '14: -2.47 Q1 '15: -2.28 Q2 '15: -2.10 Q3 '15: -0.32 Q4 '15: -0.15 Q1 '16: -0.11 Q2 '16: 0.09 Q3 '16: -0.04 Q4 '16: -1.20 Q1 '17: -1.40 Q2 '17: -1.55 Q3 '17: -1.59 Q4 '17: -0.49 Q1 '18: -0.31 Q2 '18: -0.20 Q3 '18: -0.16 Q4 '18: -0.27 Q1 '19: -0.21 Q2 '19: -0.16 Q3 '19: -0.09 Q4 '19: 0.04 Q1 '20: 0.18 Q2 '20: 0.32 Q3 '20: 0.35 Q4 '20: 1.46 Q1 '21: 1.67 Q2 '21: 1.71 Q3 '21: 1.74 Q4 '21: 1.04 Q1 '22: 0.91 Q2 '22: 0.85 Q3 '22: 0.84 Q4 '22: 0.36 Q1 '23: 0.36 Q2 '23: 0.93 Q3 '23: 0.90 Q4 '23: 0.86 Q1 '24: 0.85 Q2 '24: 0.26 Q3 '24: 0.32 Q4 '24: 0.32 Q1 '25: 0.39 Q2 '25: 0.46 Q3 '25: 0.45 Q4 '25: 0.64 Q1 '26: 0.72 Q2 '26: 0.73 Q1 '14 Q4 '15 Q3 '17 Q2 '19 Q1 '21 Q4 '22 Q3 '24 Q2 '26

The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.