Growth Metrics

Lincoln Educational Services (LINC) Cost of Revenue (2016 - 2026)

On a quarterly basis, Cost of Revenue rose 21.3% to $23.9 million in Q1 2026 year-over-year; TTM through Mar 2026 was $29.1 million, a 71.82% decrease, with the full-year FY2025 number at $84.6 million, down 53.48% from a year prior.

Lincoln Educational Services (LINC) has 16 years of Cost of Revenue data on record, last reported at $23.9 million in Q1 2026.

  • Cost of Revenue reached $23.9 million in Q1 2026 per LINC's latest filing, up from -$66.9 million in the prior quarter.
  • Over the last five years, Cost of Revenue for LINC hit a ceiling of $46.8 million in Q2 2025 and a floor of -$66.9 million in Q4 2025.
  • A 5-year average of $27.2 million and a median of $36.2 million in 2022 define the central range for Cost of Revenue.
  • On a YoY basis, Cost of Revenue climbed as much as 158.94% in 2025 and fell as far as 248.34% in 2025.
  • Tracing LINC's Cost of Revenue over 5 years: stood at $36.5 million in 2022, then rose by 12.36% to $41.0 million in 2023, then grew by 9.98% to $45.1 million in 2024, then tumbled by 248.34% to -$66.9 million in 2025, then skyrocketed by 135.7% to $23.9 million in 2026.
  • Business Quant data shows Cost of Revenue for LINC at $23.9 million in Q1 2026, -$66.9 million in Q4 2025, and $25.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 51Talk Online Education 9.59 Bn 9.55 Bn 22.18 Mn 8.44 Mn
2 Graham Holdings 4.73 Bn 3.72 Bn 841.00 Mn 394.99 Mn
3 Laureate Education 4.69 Bn 4.53 Bn -16.39 Mn 289.01 Mn
4 Grand Canyon Education 4.19 Bn 3.94 Bn 244.77 Mn 63.99 Mn
5 Stride 3.77 Bn 2.96 Bn 231.57 Mn 398.31 Mn
6 Perdoceo Education 2.11 Bn 1.43 Bn 174.68 Mn 47.07 Mn
7 Universal Technical Institute 2.01 Bn 1.84 Bn 103.97 Mn 117.43 Mn
8 Strategic Education 1.71 Bn 1.55 Bn - -
9 Lincoln Educational Services 1.46 Bn 1.44 Bn 120.06 Mn 23.90 Mn
10 American Public Education 943.17 Mn 722.17 Mn 100.11 Mn 74.63 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 23.90 Mn
Mar 31, 2026 23.90 Mn
Dec 31, 2025 -66.93 Mn
Dec 31, 2025 -66.93 Mn
Sep 30, 2025 25.35 Mn
Sep 30, 2025 25.35 Mn
Jun 30, 2025 46.79 Mn
Jun 30, 2025 46.79 Mn
Mar 31, 2025 19.70 Mn
Mar 31, 2025 19.70 Mn
Dec 31, 2024 45.12 Mn
Dec 31, 2024 45.12 Mn
Sep 30, 2024 20.39 Mn
Sep 30, 2024 20.39 Mn
Jun 30, 2024 18.07 Mn
Jun 30, 2024 18.07 Mn
Mar 31, 2024 19.76 Mn
Mar 31, 2024 19.76 Mn
Dec 31, 2023 41.02 Mn
Dec 31, 2023 41.02 Mn
Sep 30, 2023 43.13 Mn
Sep 30, 2023 43.13 Mn
Jun 30, 2023 40.03 Mn
Jun 30, 2023 40.03 Mn
Mar 31, 2023 38.09 Mn
Mar 31, 2023 38.09 Mn
Dec 31, 2022 36.51 Mn
Dec 31, 2022 36.51 Mn
Sep 30, 2022 39.93 Mn
Sep 30, 2022 39.93 Mn
Jun 30, 2022 36.11 Mn
Jun 30, 2022 36.11 Mn
Mar 31, 2022 36.20 Mn
Mar 31, 2022 36.20 Mn
Dec 31, 2021 34.79 Mn
Dec 31, 2021 34.79 Mn
Sep 30, 2021 38.11 Mn
Sep 30, 2021 38.11 Mn
Jun 30, 2021 33.69 Mn
Jun 30, 2021 33.69 Mn
Mar 31, 2021 32.34 Mn
Mar 31, 2021 32.34 Mn
Dec 31, 2020 31.46 Mn
Dec 31, 2020 31.46 Mn
Sep 30, 2020 34.25 Mn
Sep 30, 2020 34.25 Mn
Jun 30, 2020 26.25 Mn
Jun 30, 2020 26.25 Mn
Mar 31, 2020 30.24 Mn
Mar 31, 2020 30.24 Mn
Dec 31, 2019 30.56 Mn
Dec 31, 2019 30.56 Mn
Sep 30, 2019 33.21 Mn
Sep 30, 2019 33.21 Mn
Jun 30, 2019 29.75 Mn
Jun 30, 2019 29.75 Mn
Mar 31, 2019 29.98 Mn
Mar 31, 2019 29.98 Mn
Dec 31, 2018 31.20 Mn
Dec 31, 2018 31.20 Mn
Sep 30, 2018 33.49 Mn
Sep 30, 2018 33.49 Mn
Jun 30, 2018 30.18 Mn
Jun 30, 2018 30.18 Mn
Mar 31, 2018 30.50 Mn
Mar 31, 2018 30.50 Mn
Dec 31, 2017 30.23 Mn
Dec 31, 2017 30.23 Mn
Sep 30, 2017 34.07 Mn
Sep 30, 2017 34.07 Mn
Jun 30, 2017 32.41 Mn
Jun 30, 2017 32.41 Mn
Mar 31, 2017 32.71 Mn
Mar 31, 2017 32.71 Mn
Dec 31, 2016 34.19 Mn
Dec 31, 2016 34.19 Mn
Sep 30, 2016 37.54 Mn
Sep 30, 2016 37.54 Mn
Jun 30, 2016 35.57 Mn
Jun 30, 2016 35.57 Mn