Lincoln (LINC) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 23, 2026
AI-Generated Deep Dive Summary
Lincoln Educational Services Corporation (LINC) reported a strong Q4 2025 earnings call, showcasing robust financial performance and enrollment growth across its key programs. The company’s revenue rose by 19.7% year-over-year to $518.2 million, driven by a significant increase in student starts and average population, which climbed 17.9%. Notably, the Transportation and Skilled Trades segment, accounting for 80% of students, led the way with a 23.4% growth in starts. Despite a slight decline in Healthcare and Other Professions due to strategic program divestitures, Lincoln’s focus on high ROI programs continued to pay off.
The company highlighted improved profitability, with net income jumping over 70% to $12.7 million and adjusted EBITDA reaching $67.1 million, up 60%. This growth was bolstered by enhanced SG&A efficiency, reducing expenses as a percentage of revenue from 51.6% to 49.8%, and a decline in bad debt expense to 10
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Originally published on The Motley Fool on 2/23/2026