Lincoln Educational Services Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 9, 2026, reporting condensed consolidated balance sheet figures that show total assets of $517.134 million compared with $493.164 million at December 31, 2025.

Key Highlights

  • Total assets: $517.134 million at September 30, 2026, up from $493.164 million at December 31, 2025, according to the filing.
  • Cash and cash equivalents: $20.627 million at September 30, 2026, compared with $28.519 million at December 31, 2025.
  • Property, equipment and facilities: $219.996 million (net) at September 30, 2026, versus $171.603 million at December 31, 2025.
  • Total current liabilities: $120.928 million at September 30, 2026, up from $100.709 million at December 31, 2025.
  • Accounts payable: $44.127 million at September 30, 2026, compared with $27.023 million at December 31, 2025.
  • Shares outstanding: 30,781,545 shares of Common Stock as of November 9, 2026, per the filing.

Lincoln Educational Services Balance Sheet Position at September 30, 2026

Lincoln Educational Services Corporation (NASDAQ:LINC), a New Jersey-incorporated company headquartered at 14 Sylvan Way, Suite A, Parsippany, NJ, filed its quarterly report covering the period ended September 30, 2026. The filing presents unaudited condensed consolidated balance sheets as of that date alongside comparative figures from December 31, 2025. The company is classified as an accelerated filer and is not a shell company, according to the cover page disclosures.

According to the filing, total current assets declined to $70.999 million from $87.032 million at year-end 2025, with the decrease partly attributable to lower cash balances ($20.627 million versus $28.519 million) and a reduction in tenant allowance receivable ($4.339 million versus $8.127 million). Accounts receivable, net of allowances of $42.850 million and $43.975 million at the respective dates, increased to $39.402 million from $36.929 million. Operating lease right-of-use assets stood at $144.332 million, while finance lease right-of-use assets were reported at $23.822 million.

On the liabilities side, the filing reports that unearned tuition increased to $45.603 million from $44.159 million, and long-term operating lease liabilities were $153.567 million. The company's goodwill remained unchanged at $10.742 million between the two reporting dates. The filing notes that forward-looking statements contained within the report are subject to risks and uncertainties, including regulatory compliance, enrollment trends, Title IV Program regulations, and general economic conditions, and are the company's own characterizations subject to its cautionary language.

What Was Disclosed

Lincoln Educational Services filed its unaudited quarterly report for the period ended September 30, 2026, disclosing balance sheet data showing total assets of $517.134 million, cash of $20.627 million, and 30,781,545 common shares outstanding as of November 9, 2026.