Filing Flows › Lincoln Educational Services (LINC) › Q2 2025
Lincoln Educational Services (LINC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Lincoln Educational Services (LINC) reported revenue of $116M for the second quarter 2025 (Q2 2025), +13% from a year earlier and -0.9% from the quarter before. Operating margin was 2.5%, net earnings $1.6M (1.3% of revenue).
Lincoln Educational Services, Q2 2025: revenue $116M (+13% year over year), operating margin 2.5%, net earnings $1.6M, operating cash flow $299K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | -0.9% | +13% |
| Operating profit | $2.9M | -16% | — |
| Net earnings | $1.6M | -20% | — |
| Operating cash flow | $299K | — | -96% |
What changed
Revenue was $116.5M in Q2 2025, up 13% year over year and down 1% from the previous quarter.
Operating profit was $2.9M, a 2.5% margin (up 3.6 points year over year). Total costs grew 9% against revenue growth of 13%. The fastest-growing cost line was SG&A (+16%). Net earnings were $1.6M. The effective tax rate was 25.1%.
Operating cash flow was $299K (down 96% year over year), 19% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $26.4M exceeded it, leaving free cash flow of −$26.1M.
Questions
What was Lincoln Educational Services' revenue in the second quarter 2025?
Lincoln Educational Services (LINC) reported revenue of $116M for the second quarter 2025 (Q2 2025), +13% from a year earlier and -0.9% from the quarter before.
Was Lincoln Educational Services profitable in the second quarter 2025?
Operating profit was $2.9M (2.5% of revenue) and net earnings $1.6M.