LINC EBITDA | LINCOLN EDUCATIONAL SERVICES CORPORATION

LINCOLN EDUCATIONAL SERVICES CORPORATION (LINC) EBITDA

2026-06-30: Basis Reported; EBITDA $10.69M*; Operating income $3.31M; Depreciation and amortization $7.37M*.
2026-03-31: Basis Reported; EBITDA $13.62M; Operating income (m); Depreciation and amortization (m).
2025-12-31: Basis Reported; EBITDA $24.22M; Operating income (m); Depreciation and amortization (m).
2025-09-30: Basis Reported; EBITDA $11.33M*; Operating income $6.29M; Depreciation and amortization $5.04M*.

Complete source-backed ebitda history.

Available history: 2009-12-31 to 2026-03-31
Data captured: 2026-09-04

Historical EBITDA

EBITDA 3 month

Date	Basis	EBITDA	Operating income	Depreciation and amortization	Revenue	EBITDA margin	Capital spending	Operating cash flow	Cost of products and services	Research and development	Selling, general and administration	Income tax expense / benefit
2026-06-30	Reported	$10.69M*	$3.31M	$7.37M*	$142.56M	7.50%*	$14.50M*	$22.07M*	$59.63M	(m)	$79.65M	$315.00K
2026-03-31	Reported	$13.62M	(m)	(m)	(m)	9.46%	$14.63M	$4.57M	$58.39M	(m)	$79.15M	$1.24M
2025-12-31	Reported	$24.22M	(m)	(m)	(m)	16.95%	(m)	(m)	(m)	(m)	(m)	(m)
2025-09-30	Reported	$11.33M*	$6.29M	$5.04M*	$141.39M	8.01%*	$21.85M*	$23.88M*	$57.28M	(m)	$77.81M	$1.50M
2025-06-30	Reported	$7.17M*	$2.88M	$4.29M*	$116.47M	6.16%*	$26.39M*	$299.00K*	$46.79M	(m)	$67.06M	$522.00K
2025-03-31	Reported	$6.76M	(m)	(m)	(m)	5.75%	$19.89M	-$8.38M	$47.41M	(m)	$66.90M	$882.00K
2024-12-31	Reported	$13.95M	(m)	(m)	(m)	11.69%	(m)	(m)	(m)	(m)	(m)	(m)
2024-09-30	Reported	$8.63M*	$5.82M	$2.81M*	$114.41M	7.55%*	$19.37M*	$5.61M*	$48.05M	(m)	$63.34M	$1.67M
2024-06-30	Reported	$1.79M*	-$1.12M	$2.90M*	$102.91M	1.74%*	$11.04M*	$8.34M*	$45.56M	(m)	$57.87M	-$463.00K
2024-03-31	Reported	$2.14M	(m)	(m)	(m)	2.07%	$1.68M	-$14.93M	$43.02M	(m)	$60.49M	-$113.00K
2023-12-31	Reported	$10.9M	(m)	(m)	(m)	10.63%	(m)	(m)	(m)	(m)	(m)	(m)
2023-09-30	Reported	$3.72M*	$2.00M	$1.72M*	$99.62M	3.73%*	$17.78M*	-$6.79M*	$43.13M	(m)	$54.48M	$789.00K
2023-06-30	Reported	$25.19M*	$23.52M	$1.68M*	$88.65M	28.42%*	$7.65M*	$10.62M*	$40.03M	(m)	$51.81M	$6.78M
2023-03-31	Reported	$139,000.00	(m)	(m)	(m)	0.16%	$3.25M	-$214.00K	$38.09M	(m)	$50.31M	-$565.00K
2022-12-31	Reported	$13.07M	(m)	(m)	(m)	14.24%	(m)	(m)	(m)	(m)	(m)	(m)
2022-09-30	Reported	$6.44M*	$4.88M	$1.56M*	$91.81M	7.02%*	$3.47M*	$10.60M*	$39.93M	(m)	$46.98M	$1.30M
2022-06-30	Reported	$1.93M*	$396.00K	$1.53M*	$82.14M	2.34%*	$2.53M*	$4.38M*	$36.11M	(m)	$45.84M	$102.00K
2022-03-31	Reported	$1.2M	(m)	(m)	(m)	1.46%	$1.05M	-$14.37M	$36.20M	(m)	$46.68M	-$641.00K
2021-12-31	Reported	$35.56M	(m)	(m)	(m)	40.50%	(m)	(m)	(m)	(m)	(m)	(m)
2021-09-30	Reported	$7.67M*	$5.75M	$1.93M*	$89.06M	8.61%*	$1.74M*	$16.68M*	$38.10M	(m)	$45.21M	$1.61M
2021-06-30	Reported	$5.24M*	$3.45M	$1.79M*	$80.46M	6.52%*	$2.30M*	$9.37M*	$33.69M	(m)	$43.32M	$729.00K
2021-03-31	Reported	$7.92M	(m)	(m)	(m)	10.15%	$1.22M	-$8.30M	$32.34M	(m)	$39.63M	$1.25M
2020-12-31	Reported	$12.98M	(m)	(m)	(m)	15.87%	(m)	(m)	(m)	(m)	(m)	(m)
2020-09-30	Reported	$5.62M*	$3.84M	$1.78M*	$78.79M	7.14%*	$482.00K*	$3.75M*	$34.25M	(m)	$40.70M	$50.00K
2020-06-30	Reported	$3.03M*	$1.16M	$1.87M*	$62.47M	4.86%*	$1.78M*	$18.41M*	$26.25M	(m)	$35.16M	$50.00K
2020-03-31	Reported	$544,000.00	(m)	(m)	(m)	0.78%	$1.29M	-$11.95M	$30.24M	(m)	$41.15M	$50.00K
2019-12-31	Reported	$12.2M	(m)	(m)	(m)	16.50%	(m)	(m)	(m)	(m)	(m)	(m)
2019-09-30	Reported	$4.13M*	$2.14M	$1.98M*	$72.59M	5.68%*	$2.06M*	$5.89M*	$33.21M	(m)	$37.45M	$50.00K
2019-06-30	Reported	-$154.00K*	-$2.09M	$1.94M*	$63.57M	-0.24%*	$573.00K*	$140.00K*	$29.75M	(m)	$35.91M	$144.00K
2019-03-31	Reported	-$2.81M	(m)	(m)	(m)	-4.45%	$639.00K	-$10.92M	$29.98M	(m)	$38.15M	$50.00K
2018-12-31	Reported	$7.89M	(m)	(m)	(m)	11.25%	(m)	(m)	(m)	(m)	(m)	(m)
2018-09-30	Reported	$2.18M*	$76.00K	$2.10M*	$70.08M	3.11%*	$2.41M*	$6.52M*	$33.49M	(m)	$36.09M	$50.00K
2018-06-30	Reported	-$1.44M*	-$3.52M	$2.09M*	$61.12M	-2.35%*	$1.33M*	-$2.29M*	$30.18M	(m)	$34.47M	$50.00K
2018-03-31	Reported	-$4.16M	(m)	(m)	(m)	-6.72%	$476.00K	-$10.04M	$30.50M	(m)	$37.53M	$50.00K
2017-12-31	Reported	$10.04M	(m)	(m)	(m)	14.89%	(m)	(m)	(m)	(m)	(m)	(m)
2017-09-30	Reported	$1.43M*	-$731.00K	$2.16M*	$67.31M	2.13%*	$1.67M*	$2.90M*	$34.07M	(m)	$35.50M	$50.00K
2017-06-30	Reported	-$3.91M*	-$6.03M	$2.12M*	$61.87M	-6.32%*	$1.27M*	-$8.04M*	$32.41M	(m)	$35.55M	$50.00K
2017-03-31	Reported	-$3.58M	(m)	(m)	(m)	-5.48%	$832.00K	-$11.47M	$32.71M	(m)	$38.32M	$50.00K
2016-12-31	Reported	-$16.29M	(m)	(m)	(m)	-22.45%	(m)	(m)	(m)	(m)	(m)	(m)
2016-09-30	Reported	$1.82M*	-$671.00K	$2.50M*	(m)	(m)	$600.00K*	$8.63M*	$37.54M	(m)	$37.40M	$50.00K
2016-06-30	Reported	-$566.00K*	-$3.23M	$2.67M*	(m)	(m)	$1.05M*	-$8.97M*	$35.57M	(m)	$35.75M	$50.00K
2016-03-31	Reported	-$2.82M	(m)	(m)	(m)	-3.99%	$501.00K	-$9.17M	$37.12M	(m)	$40.16M	$50.00K
2015-12-31	Reported	$7.68M	(m)	(m)	(m)	4.94%	(m)	(m)	(m)	(m)	(m)	(m)
2015-09-30	Reported	$9.36M*	$5.87M	$3.48M*	(m)	(m)	$308.00K*	$14.14M*	$25.00M	(m)	$22.72M	$50.00K
2015-06-30	Reported	-$798.00K*	-$4.38M	$3.58M*	(m)	(m)	$539.00K*	-$5.34M*	$22.51M	(m)	$26.59M	$50.00K
2015-03-31	Reported	-$1.17M	(m)	(m)	(m)	-2.45%	$759.00K	-$6.30M	$22.91M	(m)	$29.64M	$50.00K
2014-12-31	Reported	$38.38M	(m)	(m)	(m)	-178.26%	(m)	(m)	(m)	(m)	(m)	(m)
2014-09-30	Reported	-$34.76M*	-$39.48M	$4.72M*	(m)	(m)	$2.19M*	$16.22M*	$42.44M	(m)	$41.71M	-$5.56M
2014-06-30	Reported	-$4.40M*	-$9.36M	$4.97M*	(m)	(m)	$1.97M*	-$6.52M*	$40.69M	(m)	$45.07M	$418.00K
2014-03-31	Reported	-$3.55M	(m)	(m)	(m)	-4.48%	$637.00K	-$8.38M	$41.75M	(m)	$46.12M	$419.00K
2013-12-31	Reported	$18.77M	(m)	(m)	(m)	-45.84%	(m)	(m)	(m)	(m)	(m)	(m)
2013-09-30	Reported	$7.15M*	$1.22M	$5.93M*	(m)	(m)	$1.66M*	$4.93M*	$44.38M	(m)	$43.23M	$74.00K
2013-06-30	Reported	-$4.24M*	-$9.91M	$5.67M*	(m)	(m)	$1.28M*	-$10.05M*	$42.40M	(m)	$45.64M	-$4.39M
2013-03-31	Reported	-$1.43M	(m)	(m)	(m)	-1.66%	$591.00K	-$4.22M	$43.57M	(m)	$50.02M	-$3.21M
2012-12-31	Reported	$11.13M	(m)	(m)	(m)	13.93%	(m)	(m)	(m)	(m)	(m)	(m)
2012-09-30	Reported	$8.28M*	$1.82M	$6.46M*	(m)	(m)	$2.00M*	$4.13M*	$49.43M	(m)	$50.81M	-$318.00K
2012-06-30	Reported	-$9.74M*	-$16.66M	$6.92M*	(m)	(m)	$2.06M*	-$1.71M*	$47.18M	(m)	$52.28M	-$3.87M
2012-03-31	Reported	$4.43M	(m)	(m)	(m)	4.38%	$2.72M	$5.68M	$48.99M	(m)	$54.83M	-$1.76M
2011-12-31	Reported	$19.37M	(m)	(m)	(m)	32.47%	(m)	(m)	(m)	(m)	(m)	(m)
2011-09-30	Reported	$2.54M*	-$5.04M	$7.58M*	(m)	(m)	$6.79M*	$8.02M*	$57.42M	(m)	$60.73M	-$2.20M
2011-06-30	Reported	$16.12M*	$9.34M	$6.78M*	(m)	(m)	$12.20M*	$4.11M*	$54.62M	(m)	$64.24M	$3.32M
2011-03-31	Reported	$25.38M	(m)	(m)	(m)	17.46%	$11.86M	$15.04M	$59.02M	(m)	$67.89M	$7.04M
2010-12-31	Reported	$40.84M	(m)	(m)	(m)	30.87%	(m)	(m)	(m)	(m)	(m)	(m)
2010-09-30	Reported	$38.82M*	$32.38M	$6.45M*	(m)	(m)	$9.35M*	$43.14M*	$63.30M	(m)	$71.53M	$12.40M
2010-06-30	Reported	(m)	$22.98M	(m)	(m)	(m)	(m)	(m)	$58.12M	(m)	$71.70M	$8.75M

EBITDA 12 month

Date	Basis	EBITDA	Operating income	Depreciation and amortization	Revenue	EBITDA margin	Capital spending	Operating cash flow	Cost of products and services	Research and development	Selling, general and administration	Income tax expense / benefit
2025-12-31	Reported	$49.47M	(m)	(m)	(m)	9.55%	$86.63M	$59.31M	$205.39M	(m)	$282.95M	$6.12M
2024-12-31	Reported	$26.51M	(m)	(m)	(m)	6.02%	$56.87M	$29.31M	$181.76M	(m)	$243.80M	$4.82M
2023-12-31	Reported	$39.95M	(m)	(m)	(m)	10.57%	$40.70M	$25.56M	$162.28M	(m)	$209.13M	$9.64M
2022-12-31	Reported	$22.64M	(m)	(m)	(m)	6.50%	$8.99M	$882.00K	$148.75M	(m)	$182.39M	$3.80M
2021-12-31	Reported	$56.4M	(m)	(m)	(m)	16.82%	$7.53M	$27.45M	$138.93M	(m)	$168.92M	$12.53M
2020-12-31	Reported	$22.18M	(m)	(m)	(m)	7.57%	$5.58M	$23.48M	$122.20M	(m)	$156.20M	-$35.06M
2019-12-31	Reported	$13.35M	(m)	(m)	(m)	4.89%	$5.38M	$988.00K	$123.50M	(m)	$145.18M	$268.00K
2018-12-31	Reported	$4.47M	(m)	(m)	(m)	1.70%	$4.70M	-$1.69M	$125.37M	(m)	$141.24M	$200.00K
2017-12-31	Reported	$3.99M	(m)	(m)	(m)	1.52%	$4.75M	-$11.32M	$129.41M	(m)	$138.78M	-$274.00K
2016-12-31	Reported	-$17.85M	(m)	(m)	(m)	-6.25%	$3.60M	-$6.11M	$144.43M	(m)	$148.45M	$200.00K
2015-12-31	Reported	$15.21M	(m)	(m)	(m)	4.97%	$2.22M	$14.34M	$151.65M	(m)	$151.80M	$242.00K
2014-12-31	Reported	-$4.32M	(m)	(m)	(m)	-1.98%	$7.47M	$12.02M	$103.30M	(m)	$116.57M	-$1.48M
2013-12-31	Reported	$20.25M	(m)	(m)	(m)	9.39%	$6.54M	$3.25M	$102.49M	(m)	$116.84M	$19.59M
2012-12-31	Reported	$14.11M	(m)	(m)	(m)	3.71%	$8.84M	$15.99M	$178.27M	(m)	$189.49M	-$2.28M
2011-12-31	Reported	$63.41M	(m)	(m)	(m)	13.88%	$38.12M	$36.84M	$196.64M	(m)	$216.85M	$13.05M
2010-12-31	Reported	$141.19M	(m)	(m)	(m)	23.35%	$42.35M	$114.46M	$227.33M	(m)	$257.62M	-$44.84M
2009-12-31	Reported	$112.56M	(m)	(m)	(m)	20.37%	$24.02M	$73.17M	$211.29M	(m)	$252.39M	$34.87M

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