LINCOLN EDUCATIONAL SERVICES CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $196.9m $261.9m $263.2m $273.3m $293.1m $335.3m $348.3m $378.1m $440.1m $518.2m
Cost of Revenue $94.9m $129.4m $125.4m $123.5m $122.2m $138.9m $148.7m $162.3m $181.8m $205.4m
Gross Profit (Calculated) $102.0m $132.4m $137.8m $149.8m $170.9m $196.4m $199.5m $215.8m $258.3m $312.9m
Operating Income (Loss) ($5.2m) ($4.7m) ($4.0m) $5.2m $14.8m $49.3m $16.3m $33.4m $15.2m $30.3m
Additional Financial Items
Amortization of Intangible Assets $100k
Goodwill, Impairment Loss $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $26.1m
Income (Loss) from Continuing Operations, Per Basic Share ($0) ($0) ($0) $0 $1 $1 $0 $1 $0 $1
Income (Loss) from Continuing Operations, Per Diluted Share ($0)
Investment Income, Interest $155k $56k $31k $8k $0 $318k $2.6m $2.1m $126k
Preferred Stock Dividends and Other Adjustments $0 $1.4m $1.2m $1.1m $0 $0
Preferred Stock Dividends, Income Statement Impact $0 $1.4m $1.2m $1.1m $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($4.3m) ($11.8m) ($6.3m) $2.3m $13.5m $47.2m $16.4m $35.6m $14.7m $26.1m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($4.5m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($23.8m)
Net Income (Loss) Attributable to Parent ($28.3m) ($11.5m) ($6.5m) $2.0m $48.6m $34.7m $12.6m $26.0m $9.9m $20.0m
Net Income (Loss) Available to Common Stockholders, Basic ($28.3m) ($11.5m) ($6.5m) $1.9m $36.8m $26.1m $9.2m $26.0m $9.9m $20.0m
Earnings Per Share, Basic ($1.21) ($0.48) ($0.27) $0.08 $1.49 $1.04 $0.36 $0.86 $0.32 $0.65
Earnings Per Share, Diluted ($1.21) ($0.48) ($0.27) $0.08 $1.49 $1.04 $0.36 $0.85 $0.32 $0.64
Weighted Average Number of Shares Outstanding, Basic 23.5m 23.9m 24.4m 24.6m 24.7m 25.1m 25.9m 30.1m 30.6m 31k
Weighted Average Number of Shares Outstanding, Diluted 23.5m 23.9m 24.4m 24.6m 24.7m 25.1m 25.9m 30.5m 30.9m 31k
Selling, General and Administrative Expense $103.1m $138.8m $141.2m $145.2m $156.2m $168.9m $182.4m $209.1m $243.8m $282.9m
Costs and Expenses $202.1m $266.6m $267.2m $268.1m $278.3m $286.1m $332.0m $344.7m $424.9m $487.9m
Current Income Tax Expense (Benefit) $200k $150k $200k $115k $802k $1.2m $2.5m $8.0m $7.1m $3.5m
General and Administrative Expense $89.4m $114.3m
Interest Expense $6.0m $7.1m $2.4m $3.0m $1.3m $2.0m $160k $347k $2.6m $3.4m
Selling and Marketing Expense $75.2m $84.6m
Income Tax Expense (Benefit) $200k ($274k) $200k $268k ($35.1m) $12.5m $3.8m $9.6m $4.8m $6.1m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($461k)