Lincoln Educational Services (LINC) Cost of Revenue (2011 - 2026)
Lincoln Educational Services (LINC) posted quarterly Cost of Revenue of $58.4 million for Q1 2026, up 23.17% year-over-year from $47.4 million in Q1 2025, and up 8.32% quarter-over-quarter from $53.9 million in Q4 2025.
Lincoln Educational Services (LINC) Cost of Revenue (2011 - 2026) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 717.31 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 8.21 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 378.20 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 525.48 Mn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 216.75 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 59.96 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 418.78 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 74.83 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 202.24 Mn |
| 10 | Lincoln Educational Services | 953.53 Mn | 909.35 Mn | 82.93 Mn | 59.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.63 Mn |
| Jun 30, 2026 | 59.63 Mn |
| Mar 31, 2026 | 58.39 Mn |
| Mar 31, 2026 | 58.39 Mn |
| Dec 31, 2025 | 53.91 Mn |
| Dec 31, 2025 | 53.91 Mn |
| Sep 30, 2025 | 57.28 Mn |
| Sep 30, 2025 | 57.28 Mn |
| Jun 30, 2025 | 46.79 Mn |
| Jun 30, 2025 | 46.79 Mn |
| Mar 31, 2025 | 47.41 Mn |
| Mar 31, 2025 | 47.41 Mn |
| Dec 31, 2024 | 45.12 Mn |
| Dec 31, 2024 | 45.12 Mn |
| Sep 30, 2024 | 48.06 Mn |
| Sep 30, 2024 | 48.06 Mn |
| Jun 30, 2024 | 45.56 Mn |
| Jun 30, 2024 | 45.56 Mn |
| Mar 31, 2024 | 43.02 Mn |
| Mar 31, 2024 | 43.02 Mn |