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 An archived version of the webcast will be accessible for 90 days at www.legacyed.com.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 and adjusted EBITDA of $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 and adjusted EBITDA of $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 in fiscal 2025 compared to $46.0 million in fiscal 2024, an increase of $18.2 million, or 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 in fiscal 2025 compared to $26.4 million in fiscal 2024, an increase of $7.8 million, or 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 related to stock option grants.
General and administrative expense was $19.3 million in fiscal 2025, compared to $13.0 million in fiscal 2024, an increase of $6.3 million, or 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 and $4.1 million relate to marketing expenses for fiscal 2025 and 2024, respectively.
(Table to Followin 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
$12,752,420
$ 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
