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
DateValue
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