Filing Flows › Lincoln Educational Services (LINC) › Q3 2026
Lincoln Educational Services (LINC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Lincoln Educational Services (LINC) reported revenue of $159M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +12% from the quarter before. Operating margin was 4.8%, net earnings $4.7M (3.0% of revenue).
Lincoln Educational Services, Q3 2026: revenue $159M (+13% year over year), operating margin 4.8%, net earnings $4.7M, operating cash flow $34.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +12% | +13% |
| Operating profit | $7.7M | +132% | +22% |
| Net earnings | $4.7M | +142% | +24% |
| Operating cash flow | $34.9M | +58% | +46% |
What changed
Revenue was $159.2M in Q3 2026, up 13% year over year and up 12% from the previous quarter.
Operating profit was $7.7M, a 4.8% margin (up 0.4 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 4% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+17%). Net earnings were $4.7M, up 24% year over year. The effective tax rate was 28.4%.
Operating cash flow was $34.9M (up 46% year over year), 740% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $20.9M. Capital expenditures of $38.2M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Lincoln Educational Services' revenue in the third quarter 2026?
Lincoln Educational Services (LINC) reported revenue of $159M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +12% from the quarter before.
Was Lincoln Educational Services profitable in the third quarter 2026?
Operating profit was $7.7M (4.8% of revenue) and net earnings $4.7M.