Lincoln Educational Q2 revenue +22.4% to $142.6M; net income +25.2% to $1.9M on enrollment growth

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

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  Revenue grew 22.4% YoY to $142.6M in Q2 2026, driven by 14.5% average student population growth and tuition increases. Net income rose 25.2% to $1.9M ($0.06 diluted EPS, +24.6%).

  MD&A: Revenue and Enrollment Growth verify on EDGAR →
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  Credit facility more than doubled from $60M to $125M and maturity extended to April 2031, providing expanded capacity for growth. Outstanding borrowings rose to $26M (vs. $13M prior year).

  Notes: Credit Facility Amendment view on EDGAR →
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  DOE finalized RISE regulations (effective July 1, 2026) capping PLUS loans at $20K annual / $65K aggregate and requiring part-time proration. Company evaluating impact on enrollment and revenue; reduced loan availability could affect some prospective students' ability to finance education.

  MD&A: RISE Regulations verify on EDGAR →