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How Lincoln Educational Services (LINC) makes money

Lincoln Educational Services (LINC) made $143M of revenue in the second quarter 2026 (Q2 2026), +22% from a year earlier. Of every dollar of revenue, 2¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Lincoln Educational Services revenue by quarterLincoln Educational Services revenue by quarter$119MQ4 2024$118MQ1 2025$116MQ2 2025$141MQ3 2025$143MQ4 2025$144MQ1 2026$143MQ2 2026
Lincoln Educational Services: where each dollar of revenue goesLincoln Educational Services: where each dollar of revenue goesOperating profit2¢Income tax0¢Net earnings1¢Operating cash flow15¢Free cash flow5¢

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$143M100.0%
Operating profit$3.3M2.3%
Income tax$315K0.2%
Net earnings$1.9M1.4%
Operating cash flow$22.1M15.5%
Free cash flow$7.6M5.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$143M+22%
Q1 2026$144M+22%
Q4 2025$143M+20%
Q3 2025$141M+24%
Q2 2025$116M+13%
Q1 2025$118M+14%
Q4 2024$119M+16%

From Lincoln Educational Services' 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Lincoln Educational Services make money?

Lincoln Educational Services (LINC) made $143M of revenue in the second quarter 2026 (Q2 2026), +22% from a year earlier. Of every dollar of revenue, 2¢ was left as operating profit, 1¢ was left as net earnings.

What is Lincoln Educational Services' profit margin?

Net earnings were $1.9M, 1.4% of revenue, in the second quarter 2026; the operating margin was 2.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.