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Lincoln International (LCLN) guidance and outlook

Lincoln International's 10-Q filed Nov 6, 2026 makes 11 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 6, 2026

• Although we have previously made significant investments in our real estate footprint in all of our major offices, we expect our rental and occupancy costs to continue to grow as our business expands.
• We also expect to incur additional annual expenses related to new requirements applicable to us as we transition to operating in a public company environment, including but not limited to directors’ fees and insurance, transfer agent fees, SEC reporting requirements, increased auditing and legal fees and similar expenses as well as the hiring of additional functional staff, including accounting and finance,…
• In addition, we anticipate higher technology-related costs, including increased AI token usage and related fees.
• We expect, over time, Parent will make substantial payments pursuant to the TRA, with such payments being in addition to Parent’s income tax payments.
• We will account for the income tax and corresponding TRA impacts of future taxable purchases or redemptions of LILP common units by generally estimating and increasing both deferred tax assets and TRA liabilities based on enacted tax rates on the dates of such purchases or redemptions.
• When so doing, in accordance with ASC 740, we will evaluate the likelihood of realizing the benefits of the deferred tax assets.
• When applicable, a valuation allowance will reduce the deferred tax assets recognized and reported in the Company’s financial statements to an amount management estimates will more-likely-than-not be realized.
• In addition, changes in the estimated TRA liability and recognized deferred tax assets may occur based on, but not limited to, changes in anticipated future taxable income, changes in applicable tax rates, or other changes in tax attributes, each of which is inherently uncertain and requires management judgment.
• anticipated future tax benefits contemplated in the TRA, which could have a substantial negative impact on our liquidity or financial condition.
• While we ultimately expect to make substantial payments pursuant to the TRA, we do not anticipate making any such payments prior to the first quarter of 2028.
• Amounts payable pursuant to the TRA and the related deferred tax assets are reported based on estimated tax benefits Parent expects to realize from the Basis Adjustments and Interest Deductions, which requires significant management judgment.

Lincoln International's latest quarter

Questions

What does Lincoln International expect?

Although we have previously made significant investments in our real estate footprint in all of our major offices, we expect our rental and occupancy costs to continue to grow as our business expands. We also expect to incur additional annual expenses related to new requirements applicable to us as we transition to operating in a public company environment, including but not limited to directors’ fees and insurance, transfer agent fees, SEC reporting requirements, increased auditing and legal fees and similar expenses as well as the hiring of additional functional staff, including accounting a

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.