Lincoln Educational Services forecasts 2026 revenue of $600 million to $605 million
LINC•Lincoln Educational Services forecasts 2026 revenue of $600 million to $605 million and adjusted EBITDA of $76 million to $80 million. It expects student starts to rise 10% to 12%, while third-quarter revenue increased 12.6% to $159.2 million.
1. 2026 outlook
Lincoln Educational Services projects 2026 net income of $23 million to $26 million and diluted earnings per share of $0.74 to $0.83. It forecasts capital expenditures of $95 million to $100 million, with about 75% targeted at growth initiatives, including new campuses, relocations and programs.
2. Third-quarter results
Third-quarter revenue rose 12.6% to $159.2 million, while adjusted EBITDA increased 31% to $17.4 million.
