LINC
Income statement / Annual
Last year (2024), Lincoln Educational Services Corporation's total revenue was $440.06 M,
an increase of 16.40% from the previous year.
In 2024, Lincoln Educational Services Corporation's net income was $9.89 M.
See Lincoln Educational Services Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$440.06 M |
$378.07 M |
$348.29 M |
$335.34 M |
$293.10 M |
$273.34 M |
$263.20 M |
$261.85 M |
$196.91 M |
$193.22 M |
| Cost of Revenue |
$181.76 M
|
$162.28 M
|
$148.75 M
|
$138.93 M
|
$122.20 M
|
$123.50 M
|
$125.37 M
|
$129.41 M
|
$94.92 M
|
$92.17 M
|
| Gross Profit |
$258.31 M
|
$215.80 M
|
$199.54 M
|
$196.41 M
|
$170.90 M
|
$149.85 M
|
$137.83 M
|
$132.44 M
|
$101.99 M
|
$101.06 M
|
| Gross Profit Ratio |
0.59
|
0.57
|
0.57
|
0.59
|
0.58
|
0.55
|
0.52
|
0.51
|
0.52
|
0.52
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$170.94 M
|
$147.39 M
|
$135.82 M
|
$125.00 M
|
$115.38 M
|
$111.84 M
|
$111.78 M
|
$75.13 M
|
$70.12 M
|
| Selling & Marketing Expenses |
$0.00
|
$38.20 M
|
$35.00 M
|
$33.10 M
|
$31.20 M
|
$29.80 M
|
$29.40 M
|
$27.00 M
|
$28.00 M
|
$28.20 M
|
| Selling, General & Administrative Expenses |
$243.80 M
|
$209.14 M
|
$182.39 M
|
$168.92 M
|
$156.20 M
|
$145.18 M
|
$141.24 M
|
$138.78 M
|
$103.13 M
|
$98.32 M
|
| Other Expenses |
$0.00
|
-$26.70 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$6.71 M
|
$4.14 M
|
| Operating Expenses |
$243.80 M
|
$182.44 M
|
$182.39 M
|
$168.92 M
|
$156.20 M
|
$145.18 M
|
$141.24 M
|
$138.78 M
|
$103.13 M
|
$98.32 M
|
| Cost And Expenses |
$424.89 M
|
$344.71 M
|
$331.14 M
|
$307.85 M
|
$278.40 M
|
$268.67 M
|
$266.62 M
|
$268.19 M
|
$198.05 M
|
$190.48 M
|
| Interest Income |
$2.10 M
|
$2.63 M
|
$318,000.00
|
$2.02 M
|
$1.28 M
|
$8,000.00
|
$31,000.00
|
$56,000.00
|
$155,000.00
|
$52,000.00
|
| Interest Expense |
$2.57 M
|
$347,000.00
|
$160,000.00
|
$2.02 M
|
$1.28 M
|
$2.96 M
|
$2.42 M
|
$7.10 M
|
$6.00 M
|
$7.44 M
|
| Depreciation & Amortization |
$11.33 M
|
$6.77 M
|
$6.36 M
|
$7.14 M
|
$7.40 M
|
$8.12 M
|
$8.42 M
|
$8.70 M
|
$11.07 M
|
$14.51 M
|
| EBITDA |
$28.61 M |
$42.76 M |
$23.51 M |
$56.40 M |
$22.18 M |
$12.79 M |
$4.50 M |
$4.04 M |
-$10.91 M |
$19.41 M |
| EBITDA Ratio |
0.07
|
0.11
|
0.05
|
0.08
|
0.05
|
0.05
|
-0.01
|
-0.02
|
0.03
|
0.04
|
| Operating Income Ratio |
0.03
|
0.09
|
0.03
|
0.06
|
0.02
|
0.02
|
-0.02
|
-0.02
|
-0.03
|
0
|
| Total Other Income/Expenses Net |
-$466,000.00
|
$2.28 M
|
$158,000.00
|
-$2.02 M
|
-$1.28 M
|
-$2.96 M
|
-$2.39 M
|
-$7.04 M
|
$810,000.00
|
-$321,000.00
|
| Income Before Tax |
$14.71 M
|
$35.64 M
|
$16.44 M
|
$47.25 M
|
$13.51 M
|
$2.28 M
|
-$6.35 M
|
-$11.76 M
|
-$4.30 M
|
-$2.47 M
|
| Income Before Tax Ratio |
0.03
|
0.09
|
0.05
|
0.14
|
0.05
|
0.01
|
-0.02
|
-0.04
|
-0.02
|
-0.01
|
| Income Tax Expense |
$4.82 M
|
$9.64 M
|
$3.80 M
|
$12.53 M
|
-$35.06 M
|
$268,000.00
|
$200,000.00
|
-$274,000.00
|
$200,000.00
|
$242,000.00
|
| Net Income |
$9.89 M
|
$26.00 M
|
$12.63 M
|
$34.72 M
|
$48.57 M
|
$2.02 M
|
-$6.55 M
|
-$11.48 M
|
-$28.30 M
|
-$3.35 M
|
| Net Income Ratio |
0.02
|
0.07
|
0.04
|
0.1
|
0.17
|
0.01
|
-0.02
|
-0.04
|
-0.14
|
-0.02
|
| EPS |
0.32 |
0.86 |
0.36 |
1.04 |
1.49 |
0.0783 |
-0.27 |
-0.48 |
-1.21 |
-0.14 |
| EPS Diluted |
0.32 |
0.85 |
0.36 |
1.04 |
1.49 |
0.0783 |
-0.27 |
-0.48 |
-1.21 |
-0.14 |
| Weighted Average Shares Out |
$30.58 M
|
$30.11 M
|
$25.88 M
|
$25.08 M
|
$24.75 M
|
$24.55 M
|
$24.24 M
|
$23.91 M
|
$23.39 M
|
$23.17 M
|
| Weighted Average Shares Out Diluted |
$30.89 M
|
$30.54 M
|
$25.88 M
|
$25.08 M
|
$24.75 M
|
$24.55 M
|
$24.42 M
|
$23.91 M
|
$23.45 M
|
$23.17 M
|
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