Legacy Education Inc. will host a conference call to discuss its second quarter financial results on Thursday, February 12, 2026 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: Q2 2026 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 a day in advance or 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 An archived version of the webcast will be accessible for 90 days at www.legacyed.com.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.
Second Quarter 2026 Financial Highlights
Revenue grew 40.7% to $19.2 million
New student starts increased 49.4% to 593
Adjusted EBITDA of $3.0 million, up 61.6%
Net income of $2.0 million, up 46%
Diluted earnings per share of $0.15, up 50%
Student population increased 16.8% to 3,234
Six months ended December 31, 2025 Financial Highlights
Revenue grew 39.6% to $38.6 million
New student starts increased 37.2% to 1,710
Adjusted EBITDA of $6.1 million, up 30.3%
Net income of $4.2 million, up 21.2%
"This was a standout quarter for Legacy Education, highlighted by strong revenue growth, significant increases in student starts, and expanding profitability," said LeeAnn Rohmann, Chief Executive Officer of Legacy Education Inc. "Demand for our healthcare programs continues to accelerate, and our team executed exceptionally well across enrollment, operations, and student support. We believe the momentum we are seeing positions us well for continued growth as we scale our platform and expand access to career-focused healthcare education."
QUARTER END FINANCIAL RESULTS
Quarter ended December 31, 2025 compared to December 31 , 2024
Revenue was $19.2 million for the three months ended December 31, 2025 compared to $13.6 million for the three months ended December 31, 2024, an increase of $5.6 million, or 40.7% driven by a 49.4% increase in new student starts to 593 from 397 last year resulting in a 16.8% increase in ending student population.
Educational services expense was $10.3 million for the three months ended December 31, 2025 compared to $7.5 million for the three months ended December 31, 2024, an increase of $2.8 million, or approximately 37.6%. The increase was primarily attributable to the increased instructional and staffing required to support the increase in enrollments as well as increased rent, externship fees and non-cash compensation charges.
General and administrative expense was $6.1 million for the three months ended December 31, 2025 compared to $4.3 million for the three months ended December 31, 2024, an increase of $1.8 million, or 40.4%. The increase was primarily attributable to an increase in marketing expense, professional fees and bad debt.
YEAR TO DATE FINANCIAL RESULTS
Six Months December 31, 2025 compared to December 31 , 2024
Revenue was $38.6 million for the six months ended December 31, 2025 compared to $27.6 million for the six months ended December 31, 2024, an increase of $11.0 million, or 39.6% driven by a 37.2% increase in new student starts to 1,710 from 1,246 resulting in a 16.8% increase in ending student population.
Educational services expense was $20.6 million for the six months ended December 31, 2025 compared to $14.7 million for the six months ended December 31, 2024, an increase of $5.9 million, or 40.4%. The increase was primarily attributable to the increased instructional and staffing required to support the increase in enrollments as well as increased rent, externship fees and non-cash compensation charges.
General and administrative expense was $12.2 million for the six months ended December 31, 2025 compared to $8.3 million for the six months ended December 31, 2024, an increase of $3.9 million, or 46.9%. The increase was primarily attributable to an increase in marketing expense, professional fees and bad debt expense. Of the total general and administrative expense, $3.0 million and $2.3 million relate to marketing expense for the six months ended December 31, 2025 and 2024, respectively.
Three Months Ended
Six Months Ended
December 31
December 31
2025
2024
2025
2024
REVENUE
Tuition and related income, net
$ 19,184,643
$ 13,635,134
