# Lincoln Educational Services Corp (LINC)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/lincoln-educational-services-corp/ JSON: https://steadybase.io/company/lincoln-educational-services-corp.json Checked Nov 10, 2026. Latest filing read: Aug 10, 2026.

## Company

- Legal name: LINCOLN EDUCATIONAL SERVICES CORP
- Ticker: LINC (Nasdaq)
- SEC CIK: 0001286613
- Industry: Services-Educational Services (SIC 8200)
- Headquarters: Parsippany, NJ
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: lincolneducationalservices.com
- Next earnings date: Nov 9, 2026

## Key facts

- Revenue: $518.2M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/0001140361-26-007380-index.html
- Operating income: $30.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/0001140361-26-007380-index.html
- Net income: $20.0M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/0001140361-26-007380-index.html
- SG&A: $282.9M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/0001140361-26-007380-index.html
- Employees: 2,590 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Shares outstanding: 30,781,545 as of Nov 9, 2026 (10-Q filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126042810/0001140361-26-042810-index.html
- Auditor: Deloitte & Touche LLP, Morristown, New Jersey, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm

## Business

Business Activities — Lincoln Educational Services Corporation and its subsidiaries (collectively, the “Company”, “we”, “our”, and “us”, as applicable) provide diversified career-oriented postsecondary education to recent high school graduates and working adults.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $518.2M | $30.3M | $20.0M | $282.9M |
| Dec 31, 2024 | $440.1M | $15.2M | $9.9M | $243.8M |
| Dec 31, 2023 | $378.1M | $33.4M | $26.0M | $209.1M |
| Dec 31, 2022 | $348.3M | $16.3M | $12.6M | $182.4M |
| Dec 31, 2021 | $335.3M | $49.3M | $34.7M | $168.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/lincoln-educational-services-corp.json

## Officers and directors

- Scott M. Shaw, CEO. Source: Form 4 filed Mar 3, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000128661326000043/0001286613-26-000043-index.htm
- Brian K. Meyers, CFO and Treasurer. Source: Form 4 filed May 13, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000128661326000083/0001286613-26-000083-index.htm
- Chad D. Nyce, EVP & Chief Operating Officer. Source: Form 4 filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000128661326000050/0001286613-26-000050-index.htm
- Alexandra M. Luster, SVP and General Counsel. Source: Form 4 filed Jun 15, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000128661326000098/0001286613-26-000098-index.htm
- Stephen E. Ace, SVP and Chief Human Resources. Source: Form 4 filed Mar 3, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000128661326000041/0001286613-26-000041-index.htm
- Anna Escobedo Cabral, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Carlton Rose, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Felecia J. Pryor, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- James J. Burke, Jr., Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- John A. Bartholdson, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Kevin M. Carney, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Marta Newhart, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Michael A. Plater, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- Sylvia J. Young, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm

## Recent 8-K events

- Aug 10, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126031997/ef20079845_8k.htm
- Jul 10, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.01, Completion of acquisition or disposition of assets; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126028230/ef20077785_8k.htm
- May 13, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126021084/ef20073367_8k.htm
- May 11, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126020531/ef20072995_8k.htm
- May 11, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126020318/ef20072864_8k.htm
- Apr 16, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126014854/ef20070646_8k.htm
- Mar 19, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126010438/ef20068385_8k.htm
- Feb 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126006394/ef20066307_8k.htm
- Dec 23, 2025: Item 1.01, Entry into a material definitive agreement; Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036125046577/ef20061859_8k.htm
- Nov 10, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036125041367/ef20058711_8k.htm

## Insider trades (Form 4)

- Jun 15, 2026: Alexandra M. Luster (SVP and General Counsel) sold 18,007 shares, about $803,832. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000098/0001286613-26-000098-index.htm
- Jun 10, 2026: Kevin M. Carney (Director) sold 3,000 shares, about $144,000. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000096/0001286613-26-000096-index.htm
- Jun 5, 2026: Alexandra M. Luster (SVP and General Counsel) sold 1,993 shares, about $99,869. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000094/0001286613-26-000094-index.htm
- Jun 3, 2026: Felecia J. Pryor (Director) sold 2,000 shares, about $99,400. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000092/0001286613-26-000092-index.htm
- May 22, 2026: James J. Burke Jr (Director) sold 15,807 shares, about $764,427. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000089/0001286613-26-000089-index.htm
- May 18, 2026: James J. Burke Jr (Director) sold 16,193 shares, about $802,630. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000086/0001286613-26-000086-index.htm
- May 12, 2026: Brian K. Meyers (CFO and Treasurer) sold 40,070 shares, about $2.0M. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000083/0001286613-26-000083-index.htm
- Mar 10, 2026: Chad D. Nyce (EVP & Chief Operating Officer) sold 8,450 shares, about $308,425. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000050/0001286613-26-000050-index.htm
- Mar 6, 2026: Sylvia Jean Young (Director) sold 7,959 shares, about $285,012. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000047/0001286613-26-000047-index.htm
- Mar 2, 2026: Michael A. Plater (Director) sold 17,256 shares, about $616,557. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000034/0001286613-26-000034-index.htm
- Feb 26, 2026: James J. Burke Jr (Director) sold 8,557 shares, about $297,421. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661326000031/0001286613-26-000031-index.htm
- Dec 5, 2025: Kevin M. Carney (Director) sold 21,470 shares, about $479,702. Source: https://www.sec.gov/Archives/edgar/data/1286613/000128661325000103/0001286613-25-000103-index.htm

## What management said

- "During the third quarter, we generated double-digit growth across all our key metrics, highlighted by our 14.2% increase in student starts" Scott Shaw, President & CEO (8-K filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126042792/ef20085242_ex99-1.htm
- "During the second quarter and first half of the year, Lincoln continued to execute our mission of providing superior education and training to our students for high in-demand careers and generated strong operating results. Our performance and current third quarter trends lead to our reiterating our full year 2026 financial guidance" Scott Shaw, President & CEO (8-K filed Aug 10, 2026). Source: https://www.sec.gov/Archives/edgar/data/1286613/000114036126031997/ef20079845_ex99-1.htm

## Latest filings

- 8-K filed Aug 10, 2026: https://www.sec.gov/Archives/edgar/data/1286613/000114036126031997/ef20079845_8k.htm
- 10-K filed Mar 2, 2026: https://www.sec.gov/Archives/edgar/data/1286613/000114036126007380/ef20060592_10k.htm
- 10-Q filed Aug 10, 2026: https://www.sec.gov/Archives/edgar/data/1286613/000114036126031995/ef20075880_10q.htm
- DEF 14A filed Mar 26, 2026: https://www.sec.gov/Archives/edgar/data/1286613/000114036126011290/ny20061121x2_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/