LINCOLN EDUCATIONAL SERVICES CORP
For the period ended May 11, 2026. Filed May 11, 2026.
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May 11, 2026 · Filed May 11, 2026
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Contents
EX-99.1 · Population by Program:
Population by Program:
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2026 | 2025 | % Change | |
| Starts: | |||
| Transportation and Skilled Trades | $4,397 | $3,551 | 23.8% |
| Healthcare and Other Professions | 1,112 | 1,059 | 5.0% |
| Total | $5,509 | $4,610 | 19.5% |
| Average Population: | |||
| Transportation and Skilled Trades | $14,695 | $11,695 | 25.7% |
| Healthcare and Other Professions | 3,590 | 3,774 | (4.9)% |
| Total | $18,285 | $15,469 | 18.2% |
| End of Period Population: | |||
| Transportation and Skilled Trades | $15,032 | $12,130 | 23.9% |
| Healthcare and Other Professions | 3,670 | 3,774 | (2.8)% |
| Total | $18,702 | $15,904 | 17.6% |
The reconciliations provided below represent management’s projections of various components included in our outlook for the full year 2026. These calculations are for illustrative purposes and will be reviewed as the year progresses to reflect actual results, our outlook and continued relevance of specific items. Any revisions or modifications, if necessary, will be disclosed in future announcements of 2026 quarterly results. Adjusted EBITDA and net income have been reconciled to the midpoint of our guidance.
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