Lincoln International, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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 6, 2026
LCLN$26.97+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity
| Common Stock | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ($ in thousands, except share data) · Class A · Class B · Class C · Class A · Class B · Class C · Additional Paid-InCapital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss) · Partners' equity · Noncontrolling Interest · Total Equity · Redeemable Noncontrolling Interest | ||||||||||||||||
| Balance as of January 1, 2026 | $— | $— | $— | $— | $— | $— | $431,186 | $— | $431,186 | $7,420 | ||||||
| Net income (loss) | — | — | — | — | — | — | 1,924 | — | 1,924 | |||||||
| Other comprehensive income (loss) - cumulative translation adjustment | — | — | — | — | — | — | (2,436) | — | (2,436) | |||||||
| Comprehensive income (loss) | — | — | — | — | — | — | (512) | — | (512) | |||||||
| Contributions and other | — | — | — | — | — | — | 4,877 | — | 4,877 | |||||||
| Distributions | — | — | — | — | — | — | (95,548) | — | (95,548) | |||||||
| Balance as of March 31, 2026 | $— | $— | $— | $— | $— | $— | $340,003 | $— | $340,003 | $7,420 | ||||||
| Contributions and other | — | — | — | — | — | — | 8,037 | — | 8,037 | |||||||
| Distributions and other | — | — | — | — | — | — | (34,982) | — | (34,982) | (154) | ||||||
| Pre offering distribution to partners | — | — | — | — | — | — | (70,626) | — | (70,626) | |||||||
| Liquidity event shares | — | — | — | — | — | — | 28,679 | — | 28,679 | |||||||
| Other equity adjustments | — | — | — | — | — | — | 3,840 | — | 3,840 | |||||||
| Net Income | — | — | — | — | — | — | (25,958) | (25,958) | ||||||||
| Balance pre-reorganization | — | — | — | — | — | — | 248,993 | — | 248,993 | 7,266 | ||||||
| Reorganization of equity structure | — | — | — | 84,907 | — | — | (248,993) | 164,086 | — | |||||||
| Issuance of Class A common stock in IPO | 34,846,972 | — | — | — | 451,528 | — | — | — | — | 451,528 | ||||||
| Issuance of Class B common stock in IPO | 28,478,208 | — | — | — | — | — | — | — | — | — | ||||||
| Issuance of Class C common stock in IPO | 38,866,382 | — | — | — | — | — | — | — | — | — | ||||||
| Initial establishment of deferred tax asset, net of amounts payable under tax receivable agreement | — | — | — | (19,585) | — | — | — | — | (19,585) | |||||||
| Distributions of IPO proceeds to Partners | — | — | — | (254,493) | — | — | — | — | (254,493) | |||||||
| Allocation of net IPO proceeds to noncontrolling interest | — | — | — | (129,846) | — | — | — | 129,846 | — | |||||||
| Equity based compensation | — | — | — | 2,028 | — | — | — | — | 2,028 | |||||||
| Net income | — | — | — | — | 455 | — | — | 2,553 | 3,008 | |||||||
| Other comprehensive income (loss) - cumulative translation adjustment | — | — | — | — | — | (439) | — | (1,000) | (1,439) | |||||||
| Balance as of June 30, 2026 | 34,846,972 | 28,478,208 | 38,866,382 | $— | $— | $— | $134,539 | $455 | $(439) | $— | $295,485 | $430,040 | $7,266 | |||
| Issuance of Class A common stock | 1,525,427 | 1,346 | — | — | — | — | 1,346 | |||||||||
| Issuance of Class B common stock | 118,639 | 2,893 | — | — | — | — | 2,893 | |||||||||
| Equity based compensation | 1,884 | — | — | — | 3,632 | 5,516 | ||||||||||
| Dividends and distribution | 181 | (2,726) | — | — | (11,701) | (14,246) | ||||||||||
| Net income | — | 9,935 | — | — | 27,915 | 37,850 | 34 | |||||||||
| Other comprehensive income (loss) - cumulative translation adjustment | — | — | (181) | — | (342) | (523) | ||||||||||
| Initial deferred tax asset and TRA liability - net adjustment | 1,292 | — | — | — | — | 1,292 | ||||||||||
| Other equity adjustments | (614) | (162) | 415 | — | 199 | (162) | ||||||||||
| Balance as of September 30, 2026 | 36,372,399 | 28,596,847 | 38,866,382 | $— | $— | $— | $141,521 | $7,502 | $(205) | $— | $315,188 | $464,006 | $7,300 | |||
See notes to the condensed consolidated financial statements.
Condensed Consolidated Statements of Changes in Equity
| ($ in thousands) | Partners' Equity | Non-Controlling Interest | Total Equity |
|---|---|---|---|
| Balance as of January 1, 2025 | $350,829 | $3,597 | $354,426 |
| Net income (loss) | 24,590 | (640) | 23,950 |
| Other comprehensive income (loss) - cumulative translation adjustment | 1,811 | 123 | 1,934 |
| Comprehensive income (loss) | 26,401 | (517) | 25,884 |
| Contributions and other | 1,191 | — | 1,191 |
| Distributions | (67,657) | — | (67,657) |
| Balance as of March 31, 2025 | $310,764 | $3,080 | $313,844 |
| Net income | 33,837 | (295) | 33,542 |
| Other comprehensive income (loss) - cumulative translation adjustment | 3,252 | 243 | 3,495 |
| Comprehensive income (loss) | 37,089 | (52) | 37,037 |
| Contributions and other | 2,353 | — | 2,353 |
| Distributions | (51,198) | — | (51,198) |
| Balance as of June 30, 2025 | $299,008 | $3,028 | $302,036 |
| Net income | 50,640 | (285) | 50,355 |
| Other comprehensive income (loss) - cumulative translation adjustment | (996) | 3 | (993) |
| Comprehensive income (loss) | 49,644 | (282) | 49,362 |
| Contributions and other | 5,004 | — | 5,004 |
| Distributions | (17,459) | — | (17,459) |
| Balance as of September 30, 2025 | $336,197 | $2,746 | $338,943 |
See notes to the condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.