LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Aug 10, 2026. Filed Aug 10, 2026.
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Aug 10, 2026 · Filed Aug 10, 2026
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Contents
EX-99.1 · Population by Program:
Population by Program:
| Three Months Ended June 30, | |||||
|---|---|---|---|---|---|
| 2026 | 2025 | 2025* | % Change | % Change* | |
| Starts: | |||||
| Transportation and Skilled Trades | 4,844 | 2,350 | 4,802 | 106.1% | 0.9% |
| Healthcare and Other Professions | 1,125 | 807 | 1,119 | 39.4% | 0.5% |
| Total | 5,969 | 3,157 | 5,921 | 89.1% | 0.8% |
| Average Population: | |||||
| Transportation and Skilled Trades | 14,714 | 11,920 | 12,329 | 23.4% | 19.3% |
| Healthcare and Other Professions | 3,628 | 3,634 | 3,685 | (0.2)% | (1.5)% |
| Total | 18,342 | 15,554 | 16,014 | 17.9% | 14.5% |
| End of Period Population: | |||||
| Transportation and Skilled Trades | 15,302 | 11,050 | 13,502 | 38.5% | 13.3% |
| Healthcare and Other Professions | 3,602 | 3,306 | 3,618 | 9.0% | (0.4)% |
| Total | 18,904 | 14,356 | 17,120 | 31.7% | 10.4% |
| Six Months Ended June 30, | |||||
|---|---|---|---|---|---|
| 2026 | 2025 | 2025* | % Change | % Change* | |
| Starts: | |||||
| Transportation and Skilled Trades | 9,241 | 5,901 | 8,353 | 56.6% | 10.6% |
| Healthcare and Other Professions | 2,237 | 1,866 | 2,178 | 19.9% | 2.7% |
| Total | 11,478 | 7,767 | 10,531 | 47.8% | 9.0% |
| Average Population: | |||||
| Transportation and Skilled Trades | 14,705 | 11,807 | 12,012 | 24.5% | 22.4% |
| Healthcare and Other Professions | 3,610 | 3,704 | 3,730 | (2.5)% | (3.2)% |
| Total | 18,315 | 15,511 | 15,742 | 18.1% | 16.3% |
| End of Period Population: | |||||
| Transportation and Skilled Trades | 15,302 | 11,050 | 13,502 | 38.5% | 13.3% |
| Healthcare and Other Professions | 3,602 | 3,306 | 3,618 | 9.0% | (0.4)% |
| Total | 18,904 | 14,356 | 17,120 | 31.7% | 10.4% |
- 2025 figures include 2,764 student starts on July 1, 2025, to align with comparable student start activity in the current year during the last week of June 2026, returning to our typical start schedule.
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.