Legacy Education (LGCY) Q4 2025 Financial Results Summary

# Legacy Education Inc. (LGCY) Q4 2025 Financial Results Summary

Legacy Education Inc. (“Legacy Education”) released its financial results for the fourth quarter and fiscal year ended June 30, 2025, on September 25, 2025.

## Fourth Quarter 2025 Financial Highlights
– **Revenue:**
– Increased by **40.8%** to **$17.9 million** (from **$12.8 million** in Q4 2024).
– **New Student Starts:**
– Increased by **15.7%**.
– **EBITDA:**
– Reached **$2.1 million**, up by **133%** from **$0.9 million** in the same quarter last year.
– **Net Income:**
– Reported at **$1.2 million**.

## Fiscal Year Ended June 30, 2025 Financial and Operational Highlights
– **Revenue:**
– Grew by **39.5%** to **$64.2 million** (compared to **$46.0 million** in FY 2024).
– **New Student Starts:**
– Increased by **26.9%**.
– **EBITDA:**
– Totaled **$10.4 million**, with adjusted EBITDA around **$11.0 million**.
– **Net Income:**
– Stood at **$7.5 million**.
– **Diluted Earnings Per Share:**
– Reported at **$0.56**.
– **Student Population:**
– Ended the year with **3,101 students**, corresponding to a **41.8%** increase from the previous year.

## Strategic Developments
– **New Programs:**
– Approval of **3 new degree programs** and **2 certificate programs**.
– **Accreditation:**
– Earned **NLN CNEA Initial Accreditation** for the RN-BSN track.
– **Board Expansion:**
– Appointed **2 new board members** and established an advisory board to support growth and expansion.

## Year-End Financial Results
– **Comparison with Previous Fiscal Year:**
– Revenue increased from **$46.0 million** in FY 2024 to **$64.2 million** in FY 2025, an increase of **$18.2 million** or **39.5%**.
– The educational services segment grew by **30.0%**, totaling **$34.2 million** (up from **$26.4 million**).
– General and administrative expenses increased by **48.2%** to **$19.3 million** (from **$13.0 million**).
– Educational costs outpaced administrative costs largely due to increased marketing expenses and operational infrastructure for higher enrollments.

## Quarterly Highlights (Q4 2025 vs. Q4 2024)
– **Total Revenue:**
– Up by **$5.2 million**, or **40.8%**, at **$17.9 million** (vs. **$12.8 million**).
– **EBITDA:**
– Climbed by **$1.2 million**, or **133%**, to **$2.1 million**.

## Shareholder Returns
– **Quarterly Dividend:**
– The report did not mention any quarterly dividends declared.
– **Share Repurchase:**
– No share repurchase program was mentioned in the provided financial report.

## Cash and Financial Position as of June 30, 2025
– **Cash and Cash Equivalents:**
– $20.3 million.
– **Total Assets:**
– Amounted to $69.2 million.
– **Current Liabilities:**
– Were reported at $13.8 million.
– **Total Stockholders’ Equity:**
– Stood at $41.0 million.

Legacy Education’s performance showcases significant growth driven by strong enrollment figures and strategic program expansions. The company appears poised for continued growth into fiscal year 2026, underlining its commitment to enhancing education quality and accessibility in the career education sector.

### Condensed Consolidated Statements of Income (in Thousands)

### Condensed Consolidated Balance Sheets (in Thousands)