Legacy Education Reports Strong Fiscal 2025 Results with 40% Revenue Growth and Record Enrollment
Legacy Education (NYSE:LGCY) reported robust financial results for fiscal year 2025, with revenue surging 39.5% to $64.2 million. The company achieved significant growth metrics, including a 26.9% increase in new student starts and a 41.8% higher student population of 3,101 compared to 2024.
Key financial highlights include net income of $7.5 million, diluted EPS of $0.59, and adjusted EBITDA of $11.0 million. The fourth quarter was particularly strong with revenue growth of 40.8% to $17.9 million and net income of $1.2 million.
Strategic developments include approval of 3 new degree programs and 2 certificate programs, NLN CNEA Initial Accreditation for the RN-BSN Track, and strengthened leadership with 2 new board members and an advisory board establishment.
Legacy Education (NYSE:LGCY) ha riportato solidi risultati finanziari per l'esercizio 2025, con i ricavi in rialzo del 39,5% a 64,2 milioni di dollari. L'azienda ha raggiunto significativi indicatori di crescita, tra cui un aumento del 26,9% delle nuove iscrizioni di studenti e una popolazione studentesca in crescita del 41,8% a 3.101 rispetto al 2024.
Tra i principali indicatori finanziari figurano l'utile netto di 7,5 milioni di dollari, un utile per azione diluito di 0,59 dollari e un EBITDA rettificato di 11,0 milioni. Il quarto trimestre è stato particolarmente forte con una crescita dei ricavi del 40,8% a 17,9 milioni e un utile netto di 1,2 milioni.
Gli sviluppi strategici includono l'approvazione di 3 nuovi programmi di laurea e 2 programmi di certificazione, l'accreditamento iniziale NLN CNEA per il percorso RN-BSN e un rafforzamento della leadership con 2 nuovi membri del consiglio e l'istituzione di un comitato consultivo.
Legacy Education (NYSE:LGCY) informó resultados financieros sólidos para el año fiscal 2025, con los ingresos aumentando un 39,5% hasta 64,2 millones de dólares. La empresa logró métricas de crecimiento significativas, incluyendo un aumento del 26,9% en las nuevas matrículas de estudiantes y una población estudiantil un 41,8% más alta de 3.101 frente a 2024.
Entre los aspectos financieros clave se destacan un ingreso neto de 7,5 millones de dólares, un beneficio por acción diluido de 0,59 USD, y un EBITDA ajustado de 11,0 millones. El cuarto trimestre fue particularmente sólido con un crecimiento de ingresos del 40,8% a 17,9 millones y un ingreso neto de 1,2 millones.
Los desarrollos estratégicos incluyen la aprobación de 3 nuevos programas de grado y 2 programas de certificado, la Acreditación Inicial NLN CNEA para la vía RN-BSN y un fortalecimiento del liderazgo con 2 nuevos miembros del consejo y la creación de un consejo asesor.
Legacy Education (NYSE:LGCY)가 2025 회계연도에 대해 견고한 재무 실적을 발표했습니다. 매출은 39.5% 증가하여 6,420만 달러를 기록했습니다. 회사는 신규 학생 시작 26.9% 증가와 2024년 대비 학생 수가 41.8% 증가한 3,101명이라는 중요한 성장 지표를 달성했습니다.
주요 재무 지표로는 7.5백만 달러의 순이익, 희석 주당순이익 0.59달러, 그리고 조정 EBITDA 1,100만 달러가 있습니다. 4분기는 특히 매출이 40.8% 증가하여 1790만 달러, 순이익은 120만 달러였습니다.
전략적 발전으로는 새로운 학위 프로그램 3개와 자격증 프로그램 2개의 승인, RN-BSN 트랙에 대한 NLN CNEA 초기 인증, 이사회 2명 추가 및 자문위원회 설립으로 리더십이 강화되었습니다.
Legacy Education (NYSE:LGCY) a enregistré des résultats financiers solides pour l'exercice 2025, avec un chiffre d'affaires en hausse de 39,5% à 64,2 millions de dollars. L'entreprise a atteint des indicateurs de croissance significatifs, dont une croissance de 26,9% des nouvelles inscriptions et une population étudiante en hausse de 41,8% à 3 101 par rapport à 2024.
Parmi les principaux indicateurs financiers figurent un bénéfice net de 7,5 millions de dollars, un bénéfice par action dilué de 0,59 $, et un EBITDA ajusté de 11,0 millions. Le quatrième trimestre a été particulièrement robuste avec une croissance du chiffre d'affaires de 40,8% à 17,9 millions et un bénéfice net de 1,2 million.
Les développements stratégiques incluent l'approbation de 3 nouveaux programmes de diplômes et de 2 programmes de certificats, l'accréditation initiale NLN CNEA pour la filière RN-BSN et le renforcement du leadership avec 2 nouveaux membres du conseil et la mise en place d'un comité consultatif.
Legacy Education (NYSE:LGCY) meldete robuste Finanzergebnisse für das Geschäftsjahr 2025, wobei der Umsatz um 39,5% auf 64,2 Mio. USD gestiegen ist. Das Unternehmen erreichte bedeutende Wachstumskennzahlen, darunter eine 26,9%ige Zunahme der neuen Studierendenstarts und eine Studierendenzahl von 3.101, was einem Anstieg von 41,8% gegenüber 2024 entspricht.
Zu den wichtigsten Finanzkennzahlen gehören ein Nettogewinn von 7,5 Mio. USD, ein verdünnter Gewinn je Aktie von 0,59 USD und bereinigtes EBITDA von 11,0 Mio. USD. Das vierte Quartal war besonders stark mit einem Umsatzwachstum von 40,8% auf 17,9 Mio. USD und einem Nettogewinn von 1,2 Mio. USD.
Zu den strategischen Entwicklungen gehören die Genehmigung von 3 neuen Studiengängen und 2 Zertifikatsprogrammen, die NLN CNEA-Erstakkreditierung für den RN-BSN-Pfad sowie eine verstärkte Führung mit 2 neuen Vorstandsmitgliedern und der Errichtung eines Beirats.
Legacy Education (NYSE:LGCY) أعلنت نتائج مالية قوية للسنة المالية 2025، حيث ارتفع الإيرادات بنسبة 39.5% إلى 64.2 مليون دولار. حققت الشركة مقاييس نمو مهمة، بما في ذلك زيادة قدرها 26.9% في بدايات الطلاب الجدد وارتفاع عدد الطلاب بنسبة 41.8% ليصل إلى 3,101 مقارنة بعام 2024.
ومن أبرز النقاط المالية صافي الدخل 7.5 مليون دولار، وربحية السهم المخففة 0.59 دولار، وEBITDA المعدلة 11.0 مليون دولار. كان الربع الرابع قويًا بشكل خاص مع نمو في الإيرادات بنسبة 40.8% إلى 17.9 مليون دولار وصافي ربح 1.2 مليون دولار.
تشمل التطورات الإستراتيجية موافقة على 3 برامج درجات جديدة وبرنامجين للشهادات، واعتماد NLN CNEA ابتدائي لمسار RN-BSN، وتعزيز القيادة بوجود عضوين جديدين في المجلس وتأسيس مجلس استشاري.
Legacy Education (NYSE:LGCY) 公布2025财年稳健的财务业绩，收入增长39.5%至6420万美元。公司实现了显著的增长指标，其中包括新生入学人数增长26.9%，学生总数较2024年增长41.8%至3,101人。
主要财务亮点包括净利润750万美元、摊薄后每股收益0.59美元，以及经调整的EBITDA为1100万美元。第四季度尤为强劲，收入增长40.8%至1790万美元，净利润为120万美元。
战略发展包括批准3个新学位项目和2个证书项目，RN-BSN路径的NLN CNEA初始认证，以及通过新增两名董事并设立咨询委员会来加强领导。
- Revenue grew 39.5% to $64.2 million in fiscal 2025
- Student population increased 41.8% to 3,101 students
- Net income rose to $7.5 million with EPS of $0.59
- Secured approval for 3 new degree programs and 2 certificate programs
- Obtained NLN CNEA Initial Accreditation for RN-BSN Track
- Strong cash position with $20.3 million in cash and equivalents
- General and administrative expenses increased 48.2% to $19.3 million
- Educational services costs rose 29.5% to $34.2 million
- Bad debt expense increased significantly year-over-year
- Marketing expenses grew to $4.7 million from $4.1 million
Insights
Legacy Education delivered exceptional FY2025 results with 40% revenue growth, 42% student population increase, and 47% higher net income.
Legacy Education's FY2025 results demonstrate remarkable growth across all key performance indicators. Revenue surged
The company's operational metrics are equally impressive. New student starts increased
From a profitability perspective, EBITDA reached
The balance sheet remains healthy with
The Q4 results were particularly strong, with revenue up
Legacy Education Inc. will host a conference call to discuss fourth quarter and fiscal year-end financial results on Thursday, September 25, 2025, at 4:30 p.m. Eastern time.
To access the live webcast of the conference call, please go to the investor relations section of the Legacy Education website at www.legacyed.com. Participants may also register via teleconference at: Q4 and Full FY 2025 Legacy Education Inc. Earnings Conference Call. Once registration is completed, participants will be provided with a calendar invitation and link to join the call. Participants are requested to register at a minimum 15 minutes before the start of the call. An archived version of the webcast will be accessible for 90 days at www.legacyed.com. Toll-free dial-in number is (877) 407-9785 and international dial-in number is (201) 689-8843.
Fourth Quarter 2025 Financial Highlights
- Revenue grew
40.8% to$17.9 million - New student starts increased
15.7% - EBITDA of
$2.1 million $2.4 million - Net income of
$1.2 million
Fiscal Year Ended June 30, 2025 Financial and Operational Highlights
- Revenue grew
39.5% to$64.2 million - New student starts increased
26.9% - EBITDA of
$10.4 million $11.0 million - Net income of
$7.5 million - Diluted earnings per share of
$0.59 - Ended year with student population of 3,101,
41.8% higher than 2024
Strategic Developments
- Approval of 3 New Degree Programs & 2 Certificate Programs
- Earned NLN CNEA Initial Accreditation for RN-BSN Track
- Appointed 2 New Board Members & Established Advisory Board to Support Growth and Expansion
"With record enrollment, expanded program offerings, and strong financial performance, Legacy Education is well-positioned to continue its growth trajectory in 2026," said LeeAnn Rohmann, Chief Executive Officer of Legacy Education Inc. "We remain focused on executing on our mission and building value for our students, the communities we serve, and shareholders."
YEAR END FINANCIAL RESULTS
Year ended June 30, 2025 compared to June 30, 2024
- Revenue was
$64.2 million $46.0 million $18.2 million 39.5% . The increase was primarily due to increased student enrollment and the increase in pricing of certain programs. - Educational services were
$34.2 million $26.4 million $7.8 million 29.5% . The increase was primarily attributable to the increased instructional and staffing required to support the increase in enrollments, increased rent, externship fees, and our investments in our RN program offset by a decrease in non-cash compensation charge of$1.3 million - General and administrative expense was
$19.3 million $13.0 million $6.3 million 48.2% . The increase was primarily attributable to an increase in marketing expenses, professional fees and bad debt expense. Of the total general and administrative expense,$4.7 million $4.1 million
(Table to Follow
in Thousands)
Three Months Ended | Year Ended | ||||
June 30, | June 30, | ||||
2025 | 2024 | 2025 | 2024 | ||
Unaudited | Unaudited | ||||
REVENUE | |||||
Tuition and related income, net | $ 17,950,235 | $ 64,168,025 | $ 46,000,316 | ||
OPERATING EXPENSES | |||||
Educational services | 9,446,177 | 8,548,697 | 34,246,953 | 26,351,326 | |
General and administrative | 6,333,951 | 3,253,367 | 19,267,153 | 12,999,164 | |
General and administrative - related party | 55,175 | 42,000 | 225,875 | 168,000 | |
Depreciation and amortization | 124,672 | 75,865 | 441,718 | 265,036 | |
Total costs and expenses | 15,959,975 | 11,919,929 | 54,181,699 | 39,783,526 | |
OPERATING INCOME | 1,990,260 | 832,491 | 9,986,326 | 6,216,790 | |
Interest expense | (28,721) | (14,864) | (112,731) | (118,162) | |
Interest income | 287,433 | 359,814 | 1,149,234 | 886,834 | |
Total other income | 258,712 | 344,950 | 1,036,503 | 768,672 | |
INCOME BEFORE INCOME TAXES | $ 2,248,972 | $ 1,177,441 | $ 11,022,829 | $ 6,985,462 | |
Income tax expense | (1,022,005) | (216,099) | (3,488,597) | (1,870,610) | |
NET INCOME | $ 1,226,967 | $ 961,342 | $ 7,534,232 | $ 5,114,852 | |
Net income per share | |||||
Basic net income per share | $ 0.10 | $ 0.10 | $ 0.65 | $ 0.55 | |
Diluted net income per share | $ 0.09 | $ 0.10 | $ 0.59 | $ 0.53 | |
Basic weighted average shares outstanding | 12,397,451 | 9,291,149 | 11,581,383 | 9,291,149 | |
Diluted weighted average shares outstanding | 13,621,522 | 9,691,149 | 12,685,036 | 9,691,149 | |
Selected Consolidated Balance Sheet Data: | June 30, 2025 | |
Cash and cash equivalents | $ 20,316,357 | |
Current assets | 37,753,027 | |
Total assets | 69,205,138 | |
Current liabilities | 13,780,773 | |
Total stockholders' equity | 41,043,520 | |
Important Information Regarding Non-GAAP Financial Information
To supplement Legacy Education's consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Legacy Education furnishes certain adjusted non-GAAP supplemental information to our financial results regarding EBITDA and adjusted EBITDA. This reconciliation adjusts the related GAAP financial measures to exclude operating income to adjust the impact of non-cash compensation in the periods presented. We use such adjusted non-GAAP financial measures to evaluate our period-over-period operating performance because our management team believes that by excluding the effects of such adjusted GAAP-related items that, in their opinion, do not reflect the ordinary earnings of our operations, it enhances investors' overall understanding of our current financial performance and our prospects for the future by (i) providing a more comparable measure of our continuing business, as well as greater understanding of the results from the primary operations of our business, (ii) affording a view of our operating results that may be more easily compared to our peer companies, and (iii) enabling investors to consider our operating results on both a GAAP and adjusted non-GAAP basis (including following the integration period of our prior and proposed acquisitions). However, this adjusted non-GAAP information is not in accordance with, or an alternative to, GAAP and should be considered in conjunction with our GAAP results as the items excluded from the adjusted non-GAAP information may have a material impact on Legacy's financial results. A reconciliation of adjusted non-GAAP adjustments to Legacy's GAAP financial results is included in the tables at the end of this press release.
In the noted fiscal periods, we adjusted net income for the items identified from our GAAP financial results to arrive at our adjusted non-GAAP financial measures:
Stock-based compensation - We exclude stock-based compensation to be consistent with the way management and, in our view, the overall financial community, evaluates our performance and the methods used by analysts to calculate consensus estimates. The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. As such, we do not include these charges in operating plans.
RECONCILIATION OF NET INCOME, EBITDA, AND ADJUSTED EBITDA
Three Months Ended | Year Ended | ||||||||
June 30, | June 30, | ||||||||
2025 | 2024 | 2025 | 2024 | ||||||
Net income | $ 1,226,967 | $ 961,342 | $ 7,534,232 | ||||||
Adjusted to exclude the following: Interest expense (income), net | (258,712) | (344,945) | (1,036,503) | (768,672) | |||||
Provision for income taxes | 1,022,005 | 216,098 | 3,488,597 | 1,870,610 | |||||
Depreciation and amortization | 124,672 | 75,864 | 441,718 | 265,036 | |||||
EBITDA | 2,114,932 | 908,359 | 10,428,044 | 6,481,826 | |||||
Non-cash compensation | 269,246 | 1,882,064 | 552,799 | 1,882,064 | |||||
Adjusted EBITDA | $ 2,384,178 | $ 2,790,423 | |||||||
2025 FOURTH QUARTER FINANCIAL RESULTS
Quarter ended June 30, 2025 compared to June 30, 2024
- Total revenue increased
$5.2 million 40.8% , to$17.9 million $12.8 million - EBITDA increased
$1.2 million 133% , to$2.1 million $0.9 million
About Legacy Education Inc.
Legacy Education (NYSE: LGCY) is an award-winning, nationally accredited, for-profit post-secondary education company founded in 2009. Legacy Education provides career-focused education primarily in the healthcare field, with certificates and degrees for nursing, sonography, medical technicians, dental assisting, business administrative, and several others. The Company offers a wide range of educational programs and services to help students achieve their professional goals. Legacy Education's focus is on providing high-quality education that is accessible and affordable. Legacy Education is committed to growing education footprint via organic enrollment growth, addition of new programs and accretive acquisitions. For more information, please visit www.legacyed.com or on LinkedIn @legacy-education-inc.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include, but are not limited to, statements relating to the Company's operations and business strategy and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled "Risk Factors" in Legacy's most recent Annual Report on Form 10-K and Legacy's other filings made with the
Contact Legacy Education Inc.
Investor Relations
ir@legacyed.com
Amato and Partners, LLC
Investors Relations Council
admin@amatoandpartners.com
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SOURCE Legacy Education Inc.
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