Legacy Education Q3 Revenue Rises 15% to $21.4M with 9.4% Enrollment Gain
Legacy Education Inc. reported Q3 revenue up 15% to $21.4 million and new student starts rose to 1,078, driving a 9.4% enrollment increase to 3,550. Net income climbed 7.5% to $3.0 million, adjusted EBITDA rose 12.6% to $4.4 million and diluted EPS reached $0.22.
1. Third Quarter Financial Results
For the quarter ended March 31, 2026, Legacy Education generated $21.4 million in revenue, up 15% year-over-year, with net income of $3.0 million, a 7.5% increase. Adjusted EBITDA rose 12.6% to $4.4 million and diluted EPS reached $0.22, supported by 1,078 new student starts and a 9.4% enrollment gain to 3,550.
2. Nine-Month Performance and Enrollment Trends
In the nine months through March 31, 2026, revenue climbed 29.7% to $60.0 million, net income increased 15.1% to $7.3 million and adjusted EBITDA grew 22.3% to $10.5 million. New student starts rose 12.7% to 2,788, lifting total enrollment to 3,550.
3. Strategic Developments
During the quarter, the company executed a branch letter of intent and expanded campuses at High Desert Medical College in Lancaster and Temecula. New program launches included Surgical Technology AAS and Sterile Processing Technician at High Desert Medical College and a Sterile Processing Technician program at Integrity College of Health.