Lincoln Educational Services Corporation reported financial results for the second quarter ended June 30, 2026. Revenue increased 22.4% to $142.6 million from $116.5 million, while Adjusted EBITDA rose 42.4% to $12.7 million from $8.9 million. Net cash from operating activities improved significantly to $22.1 million compared to $0.3 million in the prior year period. The company ended the quarter with approximately $143 million in total liquidity and an ending student population of 18,900. Lincoln reiterated its full-year 2026 financial guidance for revenue ($590-$600 million), Adjusted EBITDA ($76-$80 million), and net income ($23-$26 million), while raising capital expenditure guidance to $95-$100 million. The company also completed the $18.8 million acquisition of its Melrose Park, Illinois campus property in July. Lincoln Educational Services Corporation operates a network of career-oriented post-secondary education campuses focused on skilled trades, automotive, health sciences, and information technology.

Lincoln Educational Services Corporation completed the acquisition of the Melrose Park, IL property for $18,800,000.00. To fund the purchase, its subsidiary, Lincoln Technical Institute, Inc., entered into a $15,040,000.00 mortgage loan from Provident Bank with a 5.99% initial fixed interest rate maturing in 2036. The company operates in the post-secondary education industry providing technical training programs.