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| Date | Value |
|---|---|
| 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 |