Lincoln Educational Services Corporation
LINC · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Assets | – | – | – | – |
| Cash & Equivalents | $13,480 | $16,701 | $28,655 | $59,273 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Receivables | $52,562 | $47,256 | $47,278 | $42,983 |
| Inventory | $3,093 | $4,504 | $2,394 | $3,053 |
| Other Curr. Assets | $8,197 | $11,168 | $8,051 | $5,943 |
| Total Curr. Assets | $77,332 | $79,629 | $86,378 | $111,252 |
| Property Plant & Equip (Net) | $328,075 | $307,765 | $285,435 | $266,312 |
| Goodwill | $10,742 | $10,742 | $10,742 | $10,742 |
| Intangibles | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Tax Assets | $24,812 | $24,812 | $24,812 | $25,359 |
| Other NC Assets | $25,978 | $24,373 | $20,065 | $22,891 |
| Total NC Assets | $389,607 | $367,692 | $341,054 | $325,304 |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $466,939 | $447,321 | $427,432 | $436,556 |
| Liabilities | – | – | – | – |
| Payables | $35,074 | $33,990 | $34,359 | $37,026 |
| Short-Term Debt | $10,521 | $10,741 | $9,751 | $9,497 |
| Tax Payable | $0 | $0 | $1,297 | $2,772 |
| Deferred Revenue | $33,485 | $28,083 | $28,846 | $30,631 |
| Other Curr. Liab. | $16,799 | $15,438 | $8,849 | $10,286 |
| Total Curr. Liab. | $95,879 | $88,252 | $83,102 | $90,212 |
| LT Debt | $185,206 | $178,391 | $166,550 | $168,064 |
| Deferred Rev, NC | $0 | $0 | $0 | $0 |
| Deferred Tax Liab, NC | $0 | $0 | $0 | $0 |
| Other NC Liab. | $0 | $0 | $0 | $16 |
| Total NC Liab. | $185,206 | $178,391 | $166,550 | $168,080 |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Cap. Leases | $187,727 | $176,132 | $176,301 | $177,561 |
| Total Liabilities | $281,085 | $266,643 | $249,652 | $258,292 |
| Equity | – | – | – | – |
| Pref Stock | $0 | $0 | $0 | $0 |
| Common Stock | $48,181 | $48,181 | $48,181 | $48,181 |
| Retained Earnings | $86,467 | $82,669 | $81,114 | $79,170 |
| AOCI | $274 | $274 | $274 | $274 |
| Other Equity | $50,932 | $49,554 | $48,211 | $50,639 |
| Total Equity | $185,854 | $180,678 | $177,780 | $178,264 |
| Supplemental Information | – | – | – | – |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liab. & Tot. Equity | $466,939 | $447,321 | $427,432 | $436,556 |
| Net Debt | $182,247 | $172,431 | $147,646 | $118,288 |