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

Lincoln Educational Services (LINC) reported Cost of Revenue of $23.9 million for Q1 2026, up 21.3% year-over-year from $19.7 million in Q1 2025, and up 135.7% quarter-over-quarter from -$66.9 million in Q4 2025.

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

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

  • Cost of Revenue for Q1 2026 came in at $23.9 million, up 21.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $29.1 million (down 71.82% YoY), and the FY2025 annual result was $84.6 million, down 53.48% from the prior year.
  • Cost of Revenue grew to $23.9 million in Q1 2026 per LINC's latest filing, from -$66.9 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $46.8 million in Q2 2025 and troughed at -$66.9 million in Q4 2025.
  • A 5-year average of $27.2 million and a median of $36.2 million in 2022 frame the typical 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.
  • A 5-year view of Cost of Revenue shows it stood at $36.5 million in 2022, then climbed by 12.36% to $41.0 million in 2023, then grew by 9.98% to $45.1 million in 2024, then sank by 248.34% to -$66.9 million in 2025, then jumped by 135.7% to $23.9 million in 2026.
  • Business Quant data shows LINC's Cost of Revenue 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 7.03 Bn 6.99 Bn 22.18 Mn 20.41 Mn
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 289.01 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 394.99 Mn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 210.72 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 398.31 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 63.99 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 74.83 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 117.43 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 47.07 Mn
10 Lincoln Educational Services 1.43 Bn 1.42 Bn 120.06 Mn 23.90 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