newsfilter
← Latest News
PR Newswire·

Legacy Education Delivers Record Fiscal 2026 Results with 25% Revenue Growth and Continued Enrollment Gains

  • Legacy Education Inc. (NYSE American: LGCY) announced financial results for the fourth quarter & fiscal year ended June 30, 2026.
  • Q4 fiscal 2026 revenue grew 12.0% to $20.1 million, net income rose 53.3% to $1.9 million, & diluted EPS increased 44.4% to $0.13.
  • Full fiscal 2026 revenue grew 24.8% to $80.1 million, net income grew 21.3% to $9.1 million, & diluted EPS rose 11.9% to $0.66.
  • Q4 fiscal 2026 EBITDA was $2.8 million & adjusted EBITDA was $3.1 million; full fiscal 2026 EBITDA was $12.5 million & adjusted EBITDA was $13.6 million.
  • New student starts increased 9.0% in fiscal 2026, ending the year with a student population of 3,377, which is 8.9% higher than 2025.
  • The company expanded capacity at High Desert Medical College's Lancaster & Temecula campuses through facility expansions.
  • Legacy Education signed a lease for its first campus in Houston, Texas, expanding its geographic footprint beyond California.
  • Contra Costa Medical Career College received approval for two new degree programs & one certificate program planned for Q2 of fiscal 2027.
  • The company achieved maximum reaccreditation terms for two schools while maintaining institutional accreditation across all four institutions.
  • Educational services expenses rose 25.3% to $42.9 million in fiscal 2026 due to increased enrollment, rent, supplies, & non-cash compensation.
  • General & administrative expenses increased 26.7% to $24.2 million in fiscal 2026, driven by higher marketing costs, professional fees, & bad debt expenses.
  • Cash & cash equivalents totaled $22.7 million as of June 30, 2026, with total stockholders' equity at $52.8 million.
  • Legacy Education Inc. will host a conference call on September 24, 2026, at 4:30 p.m. Eastern time to discuss results.