Lincoln Educational Services Corp.
- LINC · Nasdaq
- Services-Educational Services
- Parsippany, NJ
- 2,590 employees
- CIK 0001286613
Updated from SEC filings through
Top things to know
Executives
- Scott M. Shaw CEO 4, 2026-03-03
- Brian K. Meyers CFO and Treasurer 4, 2026-05-13
- Chad D. Nyce EVP & Chief Operating Officer 4, 2026-03-12
- Stephen E. Ace SVP and Chief Human Resources 4, 2026-03-03
- Alexandra M. Luster SVP and General Counsel 4, 2026-06-15
What leadership is saying
“During the third quarter, we generated double-digit growth across all our key metrics, highlighted by our 14.2% increase in student starts”
Earnings press release (8-K Ex. 99.1), filed November 9, 2026
Lincoln Educational Services Corp is a U.S. public company in services-educational services (SIC 8200), headquartered in Parsippany, NJ. It trades as LINC on Nasdaq. Revenue was $518M in the fiscal year ending December 31, 2025, +17.8% from the year before. It reported about 2,590 employees. Scott M. Shaw is CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $518M 10-K, 2026-03-02 | $440M 10-K, 2026-03-02 | $378M 10-K, 2026-03-02 | $348M 10-K, 2025-03-04 | $335M 10-K, 2023-03-07 |
| Operating income | $30.3M 10-K, 2026-03-02 | $15.2M 10-K, 2026-03-02 | $33.4M 10-K, 2026-03-02 | $16.3M 10-K, 2025-03-04 | $49.3M 10-K, 2023-03-07 |
| SG&A | $283M 10-K, 2026-03-02 | $244M 10-K, 2026-03-02 | $209M 10-K, 2026-03-02 | $182M 10-K, 2025-03-04 | $169M 10-K, 2023-03-07 |
| Net income | $20.0M 10-K, 2026-03-02 | $9.9M 10-K, 2026-03-02 | $26.0M 10-K, 2026-03-02 | $12.6M 10-K, 2025-03-04 | $34.7M 10-K, 2023-03-07 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Scott M. Shaw | CEO | 4, 2026-03-03 |
| Brian K. Meyers | CFO and Treasurer | 4, 2026-05-13 |
| Chad D. Nyce | EVP & Chief Operating Officer | 4, 2026-03-12 |
| Stephen E. Ace | SVP and Chief Human Resources | 4, 2026-03-03 |
| Alexandra M. Luster | SVP and General Counsel | 4, 2026-06-15 |
| Anna Escobedo Cabral | Director | 10-K, 2026-03-02 |
| Carlton Rose | Director | 10-K, 2026-03-02 |
| Felecia J. Pryor | Director | 10-K, 2026-03-02 |
| James J. Burke, Jr. | Director | 10-K, 2026-03-02 |
| John A. Bartholdson | Director | 10-K, 2026-03-02 |
| Kevin M. Carney | Director | 10-K, 2026-03-02 |
| Marta Newhart | Director | 10-K, 2026-03-02 |
| Michael A. Plater | Director | 10-K, 2026-03-02 |
| Sylvia J. Young | Director | 10-K, 2026-03-02 |
What Lincoln Educational Services Corp does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 30.8 million (as of November 9, 2026) | 10-Q, November 9, 2026 |
|---|---|---|
| Public float | $625M (as of June 30, 2025) | 10-K, March 2, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, November 9, 2026 |
| Latest proxy statement | Meeting May 7, 2026 (filed March 26, 2026) | DEF 14A, March 26, 2026 |
| Auditor | Deloitte & Touche LLP (Morristown, New Jersey) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| June 15, 2026 | Alexandra M. Luster SVP and General Counsel | Sale | 18,007 | $804K | Form 4, June 15, 2026 |
| June 10, 2026 | Kevin M. Carney Director | Sale | 3,000 | $144K | Form 4, June 10, 2026 |
| June 5, 2026 | Alexandra M. Luster SVP and General Counsel | Sale | 1,993 | $100K | Form 4, June 9, 2026 |
| June 3, 2026 | Felecia J. Pryor Director | Sale | 2,000 | $99K | Form 4, June 4, 2026 |
| May 22, 2026 | James J. Burke Jr Director | Sale | 15,807 | $764K | Form 4, May 27, 2026 |
| May 18, 2026 | James J. Burke Jr Director | Sale | 16,193 | $803K | Form 4, May 18, 2026 |
| May 12, 2026 | Brian K. Meyers CFO and Treasurer | Sale | 40,070 | $2.0M | Form 4, May 13, 2026 |
| March 10, 2026 | Chad D. Nyce EVP & Chief Operating Officer | Sale | 8,450 | $308K | Form 4, March 12, 2026 |
Recent 8-K events
- 8-K filed 2026-08-10
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-10
- 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
- 8-K filed 2026-05-13
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-05-11
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-11
- Item 5.07 Submission of matters to a vote of security holders
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-16
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 8.01 Other events
- 8-K filed 2026-03-19
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-02-23
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-12-23
- Item 1.01 Entry into a material definitive agreement
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-11-10
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Lincoln Educational Services Corp
- What does Lincoln Educational Services Corp do?
- Lincoln Educational Services Corp is classified by the SEC as Services-Educational Services (SIC 8200). It is based in Parsippany, NJ.
- What is Lincoln Educational Services Corp's revenue?
- $518M for the fiscal year ending December 31, 2025, from its 10-K filed March 2, 2026.
- Is Lincoln Educational Services Corp profitable?
- Lincoln Educational Services Corp reported net income of $20.0M for the fiscal year ending December 31, 2025.
- How many employees does Lincoln Educational Services Corp have?
- About 2,590 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Lincoln Educational Services Corp?
- Scott M. Shaw, CEO, as named in a 4 filed March 3, 2026.
- Who is the CFO of Lincoln Educational Services Corp?
- Brian K. Meyers, CFO and Treasurer, as named in a 4 filed May 13, 2026.
- Where is Lincoln Educational Services Corp headquartered?
- Parsippany, NJ.
- What is Lincoln Educational Services Corp's stock ticker?
- LINC on Nasdaq.
- What industry is Lincoln Educational Services Corp in?
- Services-Educational Services, SIC code 8200.
- What is Lincoln Educational Services Corp's website?
- lincolneducationalservices.com.
- When does Lincoln Educational Services Corp report earnings next?
- November 9, 2026 at 08:30. Source: pg_future_events.
- Is Lincoln Educational Services Corp a public company?
- Yes. Lincoln Educational Services Corp files with the SEC under CIK 0001286613 and trades as LINC.
- Who audits Lincoln Educational Services Corp?
- Deloitte & Touche LLP, Morristown, New Jersey, as named in its latest annual report (10-K).
- How many shares of Lincoln Educational Services Corp are outstanding?
- 30.8 million shares as of November 9, 2026, from its 10-Q filed November 9, 2026.
- What is Lincoln Educational Services Corp's public float?
- $625M as of June 30, 2025, as reported on the cover of its 10-K filed March 2, 2026.
- How many business segments does Lincoln Educational Services Corp report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 9, 2026.
- When is Lincoln Educational Services Corp's annual shareholder meeting?
- May 7, 2026, per its proxy statement (DEF 14A) filed March 26, 2026.
- Have Lincoln Educational Services Corp insiders traded stock recently?
- Since December 5, 2025, officers and directors reported 12 open-market sales worth about $6.7M and 0 purchases on Forms 4 and 5. The most recent: Alexandra M. Luster (SVP and General Counsel) sold 18,007 shares on June 15, 2026.