LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-10.
0001140361-26-031995
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-09.
0001140361-26-042810
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 26 previous paragraphs and 29 current paragraphs.
24 unchanged; 1 reworded; 3 added; 1 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
The following table presents the number and average price of shares purchased during the three months ended September 30, 2026.
Current report
(1)Excludes commissions and excise tax.
Current report
None, other than as otherwise disclosed elsewhere herein.
Removed paragraphs (1)
Reworded paragraphs (1)
Previous wording
On May 24, 2022, the Company announced that the Board of Directors had approved a share repurchase program for 12 months authorizing repurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the Board of Directors authorized the repurchase of an additional $10.0 million of the Company’s Common Stock, for an aggregate of up to $30.6 million in additional repurchases, and extended the share repurchase program for additional 12-month periods, most recently through May 24, 2027. The Company did not repurchase any additional shares in the three months ended June 30, 2026, and has approximately $29.7 million remaining for additional repurchases under the program. To date, the Company has made repurchases totaling approximately 1.7 million shares at an average share price of $5.95, for an aggregate expenditure of approximately $10.3 million.
Current wording
On May 24, 2022, the Company announced that the Board of Directors had approved a share repurchase program for 12 months authorizing repurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the Board of Directors authorized the repurchase of an additional $10.0 million in the Company’s Common Stock, increasing the total authorization under the program to $40.0 million, and has extended the share repurchase program for additional 12-month periods. During the three months ended September 30, 2026, the Company repurchased 871,135 shares of its Common Stock under the share repurchase program and had approximately $8.7 million remaining for additional repurchases under the program as of September 30, 2026. Since the inception of the program through September 30, 2026, the Company has made repurchases totaling approximately 2.6 million shares at an average price of $11.99 for an aggregate expenditure of approximately $31.3 million.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
On November 4, 2026, the Board of Directors authorized the repurchase of an additional $30.0 million of the Company’s Common Stock, increasing the total authorization under the program to $70.0 million, and extended the program through May 24, 2028.