Lincoln Educational Services(NASDAQ) LINC

Lincoln Educational Services Corporation NASDAQ:LINC trains people for technical jobs. Students learn skills for healthcare and skilled trades. These schools help adults start new careers.

Training for the Modern Workforce

• Campus Operations: Career-oriented postsecondary education delivered through 22 campuses in 12 states; accounts for 100% of revenue.
• Transportation and Skilled Trades: Hands-on training for automotive technology, electrical work, welding, and climate control repair.
• Healthcare and Other Professions: Specialized programs for nursing, dental assisting, medical administrative support, and beauty arts.
• Information Technology: Professional courses focused on computer systems and network management.

Growing the Campus Network

• Opened a new campus in Houston, Texas, in August 2025.
• Relocated existing campuses to new facilities in Nashville, Tennessee, and Levittown, Pennsylvania, during 2025.
• Acquired the Melrose Park campus building in Illinois on July 7, 2026, to convert it from a leased to an owned facility.
• Entered into leases for three new campuses in New York, Texas, and Maryland with openings planned through 2027.
• Amended a credit agreement in April 2026 to increase total borrowing capacity to $125.0 million.

What Makes Lincoln Stand Out?

Lincoln uses a hybrid teaching model called Lincoln 10.0 to combine digital learning with traditional hands-on shop and lab instruction. The schools maintain national accreditation, which allow students to access federal student loans and other forms of financial aid.

A Look at the Results

• Revenue rose 22.4% to $142.6 million for the three months ended June 30, 2026.
• Average student population grew 14.5% year over year to 18,343 for the second quarter of 2026.
• Net cash provided by operating activities reached $26.7 million for the six months ended June 30, 2026.
• Selling, general and administrative expenses improved to 55.9% of revenue for the three months ended June 30, 2026, down from 57.6% year over year.

The Evolution of the Business

Lincoln has expanded from a local training school into a multi-state provider of essential vocational education. Its transition to a hybrid teaching platform and the opening of new metropolitan campuses support its long-term growth and operational efficiency.