Legacy Education (LGCY) Operating Expenses (2023 - 2025)
Legacy Education's (LGCY) quarterly Operating Expenses came in at $16.6 million in Q4 2025, up 38.83% year-on-year from $12.0 million in Q4 2024, and little changed quarter-over-quarter from $16.7 million in Q3 2025.
Legacy Education (LGCY) Operating Expenses (2023 - 2025) Analysis & Trends
Legacy Education has disclosed Operating Expenses across 3 years of filings, most recently posting $16.6 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $16.6 million, up 38.83% year-over-year; the trailing twelve-month figure through Dec 2025 was $64.2 million (up 42.06% YoY), and the FY2025 annual result was $54.2 million, up 36.19% from the prior year.
- Operating Expenses came in at $16.6 million for Q4 2025 at Legacy Education, roughly flat from $16.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $16.7 million in Q3 2025 to a low of $8.9 million in Q4 2023.
- The 3-year median for Operating Expenses is $11.9 million (2024), against an average of $12.7 million.
- Across the five-year window, Operating Expenses gained 26.11% in 2024 and surged 49.65% in 2025, its largest moves.
- Legacy Education's Operating Expenses stood at $8.9 million in 2023, then jumped by 34.38% to $12.0 million in 2024, then soared by 38.83% to $16.6 million in 2025.
- The last three Operating Expenses figures came in at $16.6 million (Q4 2025), $16.7 million (Q3 2025), and $16.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 11.13 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 1.18 Bn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 213.30 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 395.25 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 221.06 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 10 | Legacy Education | 140.20 Mn | 129.65 Mn | 8.89 Mn | 16.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.63 Mn |
| Sep 30, 2025 | 16.70 Mn |
| Jun 30, 2025 | 15.96 Mn |
| Mar 31, 2025 | 14.91 Mn |
| Dec 31, 2024 | 11.98 Mn |
| Sep 30, 2024 | 11.33 Mn |
| Jun 30, 2024 | 11.92 Mn |
| Mar 31, 2024 | 9.96 Mn |
| Dec 31, 2023 | 8.91 Mn |
| Sep 30, 2023 | 8.99 Mn |