Filing Flows › Lincoln Educational Services (LINC) › Q1 2026 › vs Q1 2025
Lincoln Educational Services (LINC) Q1 2026 vs Q1 2025 (year over year)
Lincoln Educational Services's revenue rose $26.5M (+23%) from $118M in Q1 2025 to $144M in Q1 2026. Operating margin 4.5% against 2.9% (+1.5 pts).
Lincoln Educational Services, Q1 2026: revenue $144M (+22% year over year), operating margin 4.5%, net earnings $4.4M, operating cash flow $4.6M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | 2.9% | +1.5 pts |
| Net margin | 3.0% | 1.7% | +1.4 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $144M | $118M | $26.5M | +23% |
| Operating profit | $6.4M | $3.4M | $3.0M | +88% |
| Costs & expenses | $138M | $114M | $23.5M | +21% |
| Pre-tax earnings | $5.6M | $2.8M | $2.8M | +98% |
| Other expense, net | $807K | $587K | $220K | +37% |
| Cost of revenue | $58.4M | $47.4M | $11.0M | +23% |
| SG&A | $79.2M | $66.9M | $12.2M | +18% |
| Net earnings | $4.4M | $1.9M | $2.4M | +124% |
| Income tax | $1.2M | $882K | $362K | +41% |
| Operating cash sources | $13.0M | $6.5M | $6.5M | +100% |
| Depreciation & amortization | $7.2M | $3.3M | $3.9M | +116% |
| Share-based compensation | $1.4M | $1.2M | $239K | +20% |
| Working capital & other | $8.4M | $14.9M | −$6.4M | -43% |
| Operating cash flow | $4.6M | −$8.4M | $12.9M | — |
| Capital expenditures | $14.6M | $19.9M | −$5.3M | -26% |
| Negative free cash flow (OCF − capex) | $10.1M | $28.3M | −$18.2M | -64% |
Questions
How much did Lincoln Educational Services's revenue grow year over year in Q1 2026?
Lincoln Educational Services's revenue rose $26.5M (+23%) from $118M in Q1 2025 to $144M in Q1 2026. Operating margin 4.5% against 2.9% (+1.5 pts).