LINC - NASDAQ
Lincoln Educational Services Corporation
$50.07
+1.4%Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services programs, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology programs. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts and Sciences, and other brand names. As of December 31, 2021, it had 13,059 students enrolled at 22 campuses. The company was founded in 1946 and is based in Parsippany, New Jersey.
At a Glance
Live SnapshotLincoln Educational Services Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Lincoln Educational Services Corporation Cash Flow Statement
LINC • NASDAQ
| Lincoln Educational Services Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
20M | 9.9M | 26M | 12.6M | 34.7M | 48.6M | 2M | -6.5M | -11.5M | -28.3M | -3.4M | -56.1M | -51.3M | -37.2M | 17.5M | 69.7M | 49.2M | 20.2M | 8.3M | 15.6M | |
19.2M | 11.3M | 6.6M | 6.4M | 7.1M | 7.4M | 8.1M | 8.4M | 8.7M | 11.1M | 14.5M | 19.3M | 23.7M | 26.8M | 28.5M | 26.2M | 24.2M | 17.9M | 15.9M | 15.1M | |
2.6M | -2.2M | 1.6M | 1.3M | 12M | -35.9M | 153K | 18.2M | -424K | 36.1M | 15.5M | -4.5M | 26.5M | -14.2M | 3M | 2.4M | -2.7M | -298K | -2.8M | -3.7M | |
5.5M | 4.6M | 5.9M | 3.1M | 2.9M | 1.7M | 679K | 522K | 1.2M | 1.4M | 1.1M | 2.6M | 3M | 4.3M | 3.5M | 2.7M | 2.4M | 2.2M | 1.8M | 1.4M | |
59.1M | 60.2M | 14.9M | 35.4M | 3.6M | 26.7M | 19.9M | -589K | 13.5M | -6.3M | -3.1M | 58.5M | 20.8M | 64.8M | 41.7M | 45.8M | 37.5M | 22M | 21.4M | 16.2M | |
(0.0) | (8.8M) | (7.2M) | (1.5M) | (737K) | (179K) | (118K) | (191K) | (139K) | (150K) | (89K) | (145K) | (410K) | (226K) | (23.2M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-47.1M | -54.5M | -29.4M | -57.9M | -32.9M | -24.9M | -29.9M | -21.7M | -22.8M | -20.1M | -10.3M | -7.8M | -19.4M | -28.6M | -57.5M | -32.4M | -37.5M | -7.8M | -29M | -29.3M | |
59.2M | 29.3M | 25.6M | 882K | 27.4M | 23.5M | 988K | -1.7M | -11.3M | -6.1M | 14.3M | 12M | 3.2M | 16M | 36.8M | 114.5M | 73.2M | 54.2M | 15.7M | 15.3M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-86.6M | -56.9M | -40.7M | -9M | -7.5M | -5.6M | -5.4M | -4.7M | -4.8M | -3.6M | -2.2M | -7.5M | -6.5M | -8.8M | -38.1M | -42.4M | -24M | -20.2M | -24.8M | -19.3M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (2.3M) | (15.5M) | (451K) | (451K) | (0.0) | (0.0) | -1.5M | (0.0) | (0.0) | -27.6M | -10.5M | (0.0) | -32.9M | |
(0.0) | (0.0) | -24.3M | -14.8M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 39.1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
434K | 9.9M | 33.3M | 2.4M | 45.4M | 97K | 575K | 2.3M | -18.1M | 1.4M | 451K | 67K | 750K | 124K | 730K | 241K | -23K | -519K | 936K | 53K | |
-86.2M | -47M | (7.4M) | -21.4M | (37.8M) | -5.5M | -4.8M | -2.3M | -22.9M | -2.2M | -1.8M | -7.4M | -5.8M | -10.2M | -37.4M | -42.1M | -51.6M | -31.2M | -23.8M | -52.2M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
0.0 | 0.0 | -891K | -9.4M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -50.1M | -11.3M | -6.6M | 197K | 729K | |
43K | 495K | 0.0 | 0.0 | -17.8M | -17M | -14.5M | -4.2M | -4.7M | -8.2M | 9.2M | -24.9M | 16.6M | 37M | -20.4M | -384K | 18.1M | -5.2M | 4.9M | -8.1M | |
(0.0) | (0.0) | (0.0) | -1.1M | -1.2M | -1.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -4.3M | -6.7M | -6.4M | -18.5M | -5.6M | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | -891K | -9.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -50.1M | -26.2M | -6.6M | (0.0) | (0.0) | |
-3.8M | -3.8M | -2.1M | -2M | -962K | -242K | 11M | -372K | 12.1M | -823K | 4.4M | 24.1M | -56.2M | -1.2M | 7K | 440K | 2.4M | 549K | 73K | 499K | |
-3.7M | -3.3M | -2.9M | -12.5M | -20M | -18.6M | -3.5M | -4.6M | 27.7M | -9.1M | 13.6M | -5.2M | -46.3M | 29.4M | -38.9M | -52.4M | 9.3M | -11.2M | 5.1M | -6.9M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-30.8M | -21M | 30M | -33M | 45.3M | -618K | -7.3M | -8.6M | -6.5M | -17.4M | 26.1M | -587K | -48.8M | 35.2M | -39.5M | 19.9M | 30.8M | 11.7M | -3M | -43.8M | |
59.3M | 80.3M | 50.3M | 83.3M | 38M | 38.6M | 45.9M | 54.6M | 21.1M | 38.4M | 12.3M | 12.9M | 61.7M | 26.5M | 66M | 46.1M | 15.2M | 3.5M | 6.5M | 50.3M | |
28.5M | 59.3M | 80.3M | 50.3M | 83.3M | 38M | 38.6M | 45.9M | 14.6M | 21.1M | 38.4M | 12.3M | 12.9M | 61.7M | 26.5M | 66M | 46.1M | 15.2M | 3.5M | 6.5M | |
-27.4M | -27.6M | -15.1M | -8.1M | 19.9M | 17.9M | -4.4M | -6.4M | -16.1M | -9.7M | 12.1M | 4.6M | -3.3M | 7.1M | -1.3M | 72.1M | 49.2M | 34M | -9M | -4.1M |
SEC Filings
LINC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 13, 2026 | May 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 13, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 26, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 19, 2026 | March 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 02, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 23, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 23, 2025 | December 19, 2025 | 2025 |
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