Filing Flows › Lincoln Educational Services (LINC) › Q1 2026 › vs Q4 2025
Lincoln Educational Services (LINC) Q1 2026 vs Q4 2025 (quarter over quarter)
Lincoln Educational Services's revenue rose $1.1M (+0.8%) from $143M in Q4 2025 to $144M in Q1 2026. Operating margin 4.5% against 12.4% (-8.0 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | 12.4% | -8.0 pts |
| Net margin | 3.0% | 8.9% | -5.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $144M | $143M | $1.1M | +0.8% |
| Operating profit | $6.4M | $17.7M | −$11.3M | -64% |
| Costs & expenses | $138M | $125M | $12.4M | +10% |
| Pre-tax earnings | $5.6M | $15.9M | −$10.3M | -65% |
| Other expense, net | $807K | $1.8M | −$1.0M | -56% |
| Cost of revenue | $58.4M | $53.9M | $4.5M | +8% |
| SG&A | $79.2M | $71.2M | $8.0M | +11% |
| Net earnings | $4.4M | $12.7M | −$8.3M | -66% |
| Income tax | $1.2M | $3.2M | −$2.0M | -61% |
| Operating cash sources | $13.0M | $20.6M | −$7.6M | -37% |
| Depreciation & amortization | $7.2M | $6.5M | $733K | +11% |
| Share-based compensation | $1.4M | $1.4M | $37K | +3% |
| Working capital & other | $8.4M | −$22.9M | $31.4M | — |
| Operating cash flow | $4.6M | $43.5M | −$38.9M | -90% |
| Capital expenditures | $14.6M | $18.5M | −$3.9M | -21% |
| Negative free cash flow (OCF − capex) | $10.1M | −$25.0M | $35.1M | — |
Questions
How much did Lincoln Educational Services's revenue grow quarter over quarter in Q1 2026?
Lincoln Educational Services's revenue rose $1.1M (+0.8%) from $143M in Q4 2025 to $144M in Q1 2026. Operating margin 4.5% against 12.4% (-8.0 pts).