Lincoln Educational Services Corporation (LINC) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 143.96M | 142.87M | 141.39M | 116.47M | 117.51M | 119.37M | 114.41M | 102.91M | 103.37M | 102.52M | 99.62M | 88.65M |
| Revenue Growth % | 22.51% | 19.69% | 23.58% | 13.18% | 13.68% | 16.44% | 14.85% | 16.1% | 18.42% | 11.71% | 8.5% | 7.92% |
| Cost of Goods Sold | 58.39M | 53.91M | 57.28M | 46.79M | 47.41M | 45.12M | 48.05M | 45.56M | 43.02M | 41.02M | 43.13M | 40.03M |
| COGS % of Revenue | 40.56% | 37.73% | 40.51% | 40.17% | 40.35% | 37.8% | 42% | 44.27% | 41.62% | 40.01% | 43.29% | 45.16% |
| Gross Profit | 85.56M | 88.97M | 84.11M | 69.68M | 70.1M | 74.25M | 66.36M | 57.35M | 60.34M | 61.5M | 56.49M | 48.62M |
| Gross Margin % | 59.44% | 62.27% | 59.49% | 59.83% | 59.65% | 62.2% | 58% | 55.73% | 58.38% | 59.99% | 56.71% | 54.84% |
| Gross Profit Growth % | 22.07% | 19.81% | 26.75% | 21.5% | 16.16% | 20.74% | 17.47% | 17.97% | 22.67% | 11.28% | 8.88% | 5.6% |
| Operating Expenses | 79.15M | 71.17M | 77.81M | 67.06M | 66.9M | 63.32M | 60.53M | 58.47M | 60.8M | 52.54M | 54.49M | 25.1M |
| OpEx % of Revenue | 54.98% | 49.81% | 55.03% | 57.58% | 56.94% | 53.05% | 52.91% | 56.81% | 58.82% | 51.24% | 54.7% | 28.32% |
| Selling, General & Admin | 79.15M | 71.17M | 77.81M | 67.06M | 66.9M | 62.11M | 63.34M | 57.87M | 60.49M | 52.53M | 54.48M | 51.81M |
| SG&A % of Revenue | 54.98% | 49.81% | 55.03% | 57.58% | 56.94% | 52.03% | 55.36% | 56.23% | 58.52% | 51.24% | 54.69% | 58.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | -1000K | 604K | 309K | 5K | 8K | -1000K |
| Operating Income | 6.41M | 17.8M | 6.29M | 2.62M | 3.19M | 10.93M | 5.82M | -1.12M | -458K | 8.96M | 2M | 23.52M |
| Operating Margin % | 4.45% | 12.46% | 4.45% | 2.25% | 2.72% | 9.16% | 5.09% | -1.08% | -0.44% | 8.74% | 2% | 26.53% |
| Operating Income Growth % | 100.85% | 62.83% | 8.12% | 334.95% | 797.16% | 21.96% | 191.68% | -104.75% | 58.96% | -20.89% | -59.1% | 5838.13% |
| EBITDA | 14.04M | 24.69M | 11.76M | 7.33M | 6.96M | 13.95M | 9.05M | 2.2M | 2.51M | 10.9M | 3.72M | 25.19M |
| EBITDA Margin % | 9.76% | 17.28% | 8.31% | 6.29% | 5.92% | 11.69% | 7.91% | 2.14% | 2.43% | 10.63% | 3.73% | 28.42% |
| EBITDA Growth % | 101.91% | 77.01% | 29.9% | 232.62% | 177.13% | 27.98% | 143.28% | -91.25% | 1705.76% | -16.6% | -42.24% | 1208.68% |
| D&A (Non-Cash Add-back) | 7.63M | 6.9M | 5.46M | 4.71M | 3.76M | 3.02M | 3.23M | 3.32M | 2.97M | 1.94M | 1.72M | 1.68M |
| EBIT | 6.41M | 17.8M | 6.29M | 2.62M | 3.19M | 11.23M | 6.29M | -478K | 240K | 9.7M | 2M | 24.06M |
| Net Interest Income | -807K | -889K | -991K | -802K | -587K | -373K | -195K | -29K | 131K | 464K | 857K | 519K |
| Interest Income | 30K | 0 | 0 | 11K | 114K | 299K | 464K | 638K | 698K | 737K | 878K | 547K |
| Interest Expense | 837K | 889K | 991K | 813K | 701K | 672K | 659K | 667K | 567K | 273K | 21K | 28K |
| Other Income/Expense | -813K | -1.88M | -1M | -546K | -367K | -373K | -195K | -29K | 131K | 464K | 857K | 519K |
| Pretax Income | 5.6M | 15.92M | 5.29M | 2.08M | 2.83M | 10.56M | 5.63M | -1.15M | -327K | 9.43M | 2.85M | 24.03M |
| Pretax Margin % | 3.89% | 11.14% | 3.74% | 1.78% | 2.4% | 8.84% | 4.92% | -1.11% | -0.32% | 9.19% | 2.86% | 27.11% |
| Income Tax | 1.24M | 3.22M | 1.5M | 522K | 882K | 3.72M | 1.67M | -463K | -113K | 2.63M | 789K | 6.78M |
| Effective Tax Rate % | 22.21% | 20.23% | 28.24% | 25.14% | 31.21% | 35.26% | 29.75% | 40.44% | 34.56% | 27.94% | 27.66% | 28.23% |
| Net Income | 4.36M | 12.7M | 3.8M | 1.55M | 1.94M | 6.83M | 3.95M | -682K | -214K | 6.79M | 2.06M | 17.25M |
| Net Margin % | 3.03% | 8.89% | 2.69% | 1.33% | 1.65% | 5.72% | 3.46% | -0.66% | -0.21% | 6.62% | 2.07% | 19.46% |
| Net Income Growth % | 124.07% | 85.84% | -3.9% | 327.86% | 1008.41% | 0.62% | 91.52% | -103.95% | -96.33% | -20.64% | -41.76% | 6560.23% |
| Net Income (Continuing) | 4.36M | 12.7M | 3.8M | 1.55M | 1.94M | 6.83M | 3.95M | -682K | -214K | 6.79M | 2.06M | 17.25M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.14 | 0.42 | 0.12 | 0.05 | 0.06 | 0.22 | 0.13 | -0.02 | -0.01 | 0.22 | 0.07 | 0.57 |
| EPS Growth % | 123.64% | 90.91% | -7.69% | 325.23% | - | 0% | 93.45% | -103.89% | - | -12% | -32.8% | - |
| EPS (Basic) | 0.14 | 0.42 | 0.12 | 0.05 | 0.06 | 0.22 | 0.13 | -0.02 | -0.01 | 0.23 | 0.07 | 0.57 |
| Diluted Shares Outstanding | 31.33M | 31.26M | 31.32M | 31.27M | 31.07M | 31.14M | 31.04M | 30.66M | 30.3M | 30.85M | 30.7M | 30.4M |
| Basic Shares Outstanding | 31.13M | 30.94M | 31M | 30.99M | 30.81M | 30.68M | 30.68M | 30.66M | 30.3M | 30.13M | 30.16M | 30.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |