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
DateValue
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