Filing Flows › Lincoln Educational Services (LINC) › Q2 2026
Lincoln Educational Services (LINC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Lincoln Educational Services (LINC) reported revenue of $143M for the second quarter 2026 (Q2 2026), +22% from a year earlier and -1% from the quarter before. Operating margin was 2.3%, net earnings $1.9M (1.4% of revenue).
Lincoln Educational Services, Q2 2026: revenue $143M (+22% year over year), operating margin 2.3%, net earnings $1.9M, operating cash flow $22.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | -1% | +22% |
| Operating profit | $3.3M | -48% | +15% |
| Net earnings | $1.9M | -55% | +25% |
| Operating cash flow | $22.1M | +383% | 74× |
| Free cash flow | $7.6M | — | — |
What changed
Revenue was $142.6M in Q2 2026, up 22% year over year and down 1% from the previous quarter.
Operating profit was $3.3M, a 2.3% margin (down 0.1 points year over year). Of the extra revenue versus Q2 2025, 2% reached operating profit, below the 2% margin then. Total costs grew 23% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $1.9M, up 25% year over year. The effective tax rate was 13.9%.
Operating cash flow was $22.1M (up 7280% year over year), 1134% of net earnings. Non-cash charges added back $7.4M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $14.5M left free cash flow of $7.6M.
Questions
What was Lincoln Educational Services' revenue in the second quarter 2026?
Lincoln Educational Services (LINC) reported revenue of $143M for the second quarter 2026 (Q2 2026), +22% from a year earlier and -1% from the quarter before.
Was Lincoln Educational Services profitable in the second quarter 2026?
Operating profit was $3.3M (2.3% of revenue) and net earnings $1.9M.