Lincoln Educational Services (LINC) Operating Expenses (2016 - 2026)
On a quarterly basis, Operating Expenses rose 20.56% to $137.5 million in Q1 2026 year-over-year; TTM through Mar 2026 was $511.4 million, a 17.52% increase, with the full-year FY2025 number at $487.9 million, up 14.84% from a year prior.
Lincoln Educational Services (LINC) has 16 years of Operating Expenses data on record, last reported at $137.5 million in Q1 2026.
- Operating Expenses reached $137.5 million in Q1 2026 per LINC's latest filing, up from $125.1 million in the prior quarter.
- Over the last five years, Operating Expenses for LINC hit a ceiling of $137.5 million in Q1 2026 and a floor of $65.1 million in Q2 2023.
- A 5-year average of $101.6 million and a median of $103.8 million in 2024 define the central range for Operating Expenses.
- Peak YoY movement for Operating Expenses: decreased 20.33% in 2023, then skyrocketed 59.72% in 2024.
- Tracing LINC's Operating Expenses over 5 years: stood at $80.4 million in 2022, then rose by 16.3% to $93.6 million in 2023, then increased by 15.91% to $108.4 million in 2024, then rose by 15.39% to $125.1 million in 2025, then increased by 9.92% to $137.5 million in 2026.
- Business Quant data shows Operating Expenses for LINC at $137.5 million in Q1 2026, $125.1 million in Q4 2025, and $135.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 153.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 137.55 Mn |
| Dec 31, 2025 | 125.14 Mn |
| Sep 30, 2025 | 135.10 Mn |
| Jun 30, 2025 | 113.60 Mn |
| Mar 31, 2025 | 114.09 Mn |
| Dec 31, 2024 | 108.44 Mn |
| Sep 30, 2024 | 108.59 Mn |
| Jun 30, 2024 | 104.03 Mn |
| Mar 31, 2024 | 103.82 Mn |
| Dec 31, 2023 | 93.56 Mn |
| Sep 30, 2023 | 97.62 Mn |
| Jun 30, 2023 | 65.13 Mn |
| Mar 31, 2023 | 88.40 Mn |
| Dec 31, 2022 | 80.45 Mn |
| Sep 30, 2022 | 86.93 Mn |
| Jun 30, 2022 | 81.75 Mn |
| Mar 31, 2022 | 82.88 Mn |
| Dec 31, 2021 | 53.77 Mn |
| Sep 30, 2021 | 83.31 Mn |
| Jun 30, 2021 | 77.01 Mn |
| Mar 31, 2021 | 71.98 Mn |
| Dec 31, 2020 | 70.67 Mn |
| Sep 30, 2020 | 74.95 Mn |
| Jun 30, 2020 | 61.31 Mn |
| Mar 31, 2020 | 71.39 Mn |
| Dec 31, 2019 | 63.86 Mn |
| Sep 30, 2019 | 70.45 Mn |
| Jun 30, 2019 | 65.66 Mn |
| Mar 31, 2019 | 68.13 Mn |
| Dec 31, 2018 | 64.36 Mn |
| Sep 30, 2018 | 70.00 Mn |
| Jun 30, 2018 | 64.64 Mn |
| Mar 31, 2018 | 68.15 Mn |
| Dec 31, 2017 | 59.63 Mn |
| Sep 30, 2017 | 68.04 Mn |
| Jun 30, 2017 | 67.90 Mn |
| Mar 31, 2017 | 71.01 Mn |
| Dec 31, 2016 | 91.33 Mn |
| Sep 30, 2016 | 74.94 Mn |
| Jun 30, 2016 | 71.31 Mn |