Lincoln Educational raises 2026 guidance after Q1 revenue jumps 22.5%, net income doubles

Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

• high

  Q1 revenue rose 22.5% to $144.0M; net income more than doubled to $4.4M ($0.14/share) from $1.9M ($0.06/share); adjusted EBITDA up 85% to $15.5M

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• high

  Raised full-year 2026 guidance: revenue to $590-600M (from $580-590M), adjusted EBITDA to $76-80M (from $72-76M), EPS to $0.74-0.83 (from $0.64-0.74)

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• high

  Student starts grew 19.5% to 5,500 (14th consecutive quarter of growth); ending population up 17.6% to 18,702, driven by organic growth and new campuses

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