Lincoln Educational Services Corporation reported a strong start to 2026, with revenue increasing 22.5% to $144 million and student starts rising 19.5%. Adjusted EBITDA grew nearly 85%, and management raised full-year guidance, reinforcing confidence in the scalability of its growth strategy. The company, which provides career-oriented postsecondary education in skilled trades, automotive, healthcare, and other technical fields, is benefiting from persistent U.S. skilled-labor shortages and growing interest in vocational careers. Roughly half of enrollment growth is being generated organically from existing campuses and programs, while mature operations are producing approximately 40% incremental EBITDA margins excluding new-campus investments. Management has set ambitious 2030 targets of $850 million in revenue and $150 million in adjusted EBITDA, positioning Lincoln as workforce infrastructure rather than a traditional education provider.
Lincoln Educational ServicesRevenue up 22.5%, student starts up 19.5%, raised guidance, driven by skilled-labor shortages and vocational interest.
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