Lincoln Educational Services (LINC) Cost of Revenue (2011 - 2026)

Lincoln Educational Services (LINC) has reported Cost of Revenue for 16 consecutive years, with $58.4 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 23.17% year-over-year to $58.4 million; the TTM figure through Mar 2026 stood at $216.4 million (up 16.24% YoY), while the FY2025 annual figure was $205.4 million, up 13.0% from the prior year.
• Cost of Revenue grew to $58.4 million in Q1 2026 per LINC's latest filing, from $53.9 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $58.4 million in Q1 2026 and bottomed at $36.1 million in Q2 2022.
• Historically, Cost of Revenue has averaged $44.5 million across 5 years, with a median of $43.1 million in 2023.
• Annual changes were most pronounced in 2025 — Cost of Revenue climbed 2.7% — and 2026, when it rose 23.17%.
• Lincoln Educational Services' Cost of Revenue stood at $36.5 million in 2022, then grew by 12.36% to $41.0 million in 2023, then increased by 9.98% to $45.1 million in 2024, then grew by 19.47% to $53.9 million in 2025, then gained by 8.32% to $58.4 million in 2026.
• Business Quant data shows LINC's Cost of Revenue at $58.4 million in Q1 2026, $53.9 million in Q4 2025, and $57.3 million in Q3 2025.