Lincoln Educational Services (LINC) Operating Expenses (2011 - 2026)
Lincoln Educational Services (LINC) reported Operating Expenses of $137.5 million for Q1 2026, up 20.56% year-over-year from $114.1 million in Q1 2025, and up 9.92% quarter-over-quarter from $125.1 million in Q4 2025.
Lincoln Educational Services (LINC) Operating Expenses (2011 - 2026) Analysis & Trends
Lincoln Educational Services (LINC) has 16 years of Operating Expenses data on file, last reported at $137.5 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $137.5 million, up 20.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $511.4 million (up 17.52% YoY), and the FY2025 annual result was $487.9 million, up 14.84% from the prior year.
- Operating Expenses climbed to $137.5 million in Q1 2026 per LINC's latest filing, from $125.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $137.5 million in Q1 2026 and troughed at $65.1 million in Q2 2023.
- A 5-year average of $101.6 million and a median of $103.8 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slipped 20.33% in 2023, then surged 59.72% in 2024.
- A 5-year view of Operating Expenses shows it stood at $80.4 million in 2022, then climbed 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 advanced by 9.92% to $137.5 million in 2026.
- Business Quant data shows LINC's Operating Expenses 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 | 7.03 Bn | 6.99 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 11.13 Mn |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 1.18 Bn |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 213.30 Mn |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 395.25 Mn |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 221.06 Mn |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 10 | Lincoln Educational Services | 1.43 Bn | 1.42 Bn | 120.06 Mn | 137.55 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 |