EBITDA (Annual)

EBITDA: Income before interest, taxes, depreciation and amortization.

Lincoln Educational Services Corporation (LINC) had EBITDA of $51.28M for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$518.24M
Net Income	$20.00M
Cost of Goods Sold	$205.39M
Gross Profit	$312.85M
Operating Expenses	$487.93M
Operating Income	$30.31M
Non-Operating Income/Expense	$-4.19M
Pre-Tax Income	$26.12M
Normalized Pre-Tax Income	$26.12M
Income after Taxes	$20.00M
Income from Continuous Operations	$20.00M
Consolidated Net Income/Loss	$20.00M
Normalized Income after Taxes	$20.00M
EBIT	$30.31M
EBITDA	$51.28M
Weighted-Average Shares Outstanding (Basic)	30.94M
Weighted-Average Shares Outstanding (Diluted)	31.26M
Earnings per Share (EPS) (Basic)	$0.65
Earnings per Share (EPS) (Diluted)	$0.64
Balance Sheet Financials
Current Assets	$87.03M
Property, Plant, and Equipment	$171.60M
Long-Term Assets	$406.13M
Total Assets	$493.16M
Current Liabilities	$100.71M
Long-Term Debt	$30.65M
Long-Term Liabilities	$192.77M
Total Liabilities	$293.48M
Common Equity	$199.69M
Tangible Shareholders Equity	$188.95M
Shareholders Equity	$199.69M
Common Shares Outstanding	31.62M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$59.31M
Cash Flow from Investing Activities	$-86.20M
Cash Flow from Financial Activities	$-3.87M
Beginning Cash	$59.27M
End Cash	$28.52M
Increase/Decrease in Cash	$-30.75M
Stock-Based Compensation	$5.49M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.86
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.13
Debt to Equity Ratio	0.16
Gross Margin	60.37%
Operating Margin	5.85%
EBIT Margin	5.85%
EBITDA Margin	9.90%
Pre-Tax Profit Margin	5.04%
Profit Margin	3.86%
Free Cash Flow	$-26.89M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	1.05
Inventory Turnover	51.53
Receiveable Turnover	11.11
Days Sales in Receivables	32.86
Return on Equity	10.01%
Return on Tangible Equity	10.58%
Return on Assets	4.05%
Return on Investments	8.68%
Book Value Per Share	$6.31
Free Cash Flow per Share	$-0.86
Operating Cash Flow per Share	$1.90

Data from Zacks Investment Research, Inc.