LINCOLN EDUCATIONAL SERVICES CORP

Lincoln Educational Services Corporation provides career-focused postsecondary education to recent high school graduates and working adults. The company operates 22 campuses across 12 states, with plans to open two new campuses: one in Hicksville, New York, by the end of 2026, and another in Rowlett, Texas, by the first quarter of 2027. It offers programs in skilled trades, automotive, health sciences, and information technology. The schools operate under the brands Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College. Most campuses serve major metropolitan markets and offer multiple areas of study. Five campuses are destination schools, attracting students nationally and internationally, while others primarily serve local communities. All campuses are nationally accredited and eligible for federal financial aid programs administered by the U.S. Department of Education. The company was incorporated in New Jersey in 2003, succeeding various acquired schools, including Lincoln Technical Institute, Inc., which opened in Newark, New Jersey, in 1946. As of December 31, 2025, the company had 17,046 students enrolled. The average enrollment for the fiscal year ended December 31, 2025, was 16,622 students, and annual revenue was $518.2 million, an increase of 17.8% over the prior fiscal year.