PR Newswire·Feb 12, 2026, 4:05 PM ET

Legacy Education Delivers Strong Second Quarter Fiscal 2026 Results with 40% Revenue Growth and Impressive Enrollment Gains

Legacy Education Inc. (NYSE American: LGCY) reported financial results for the fiscal second quarter ended December 31, 2025.
Second quarter revenue increased 40.7% to $19.2 million.
New student starts rose 49.4% to 593 in the quarter.
Adjusted EBITDA for the quarter reached $3.0 million, an increase of 61.6%.
Net income for the quarter was $2.0 million, up 46% year-over-year.
Diluted earnings per share for the quarter were $0.15, representing a 50% increase.
The student population grew 16.8% to 3,234 at quarter end.
Six-month revenue totaled $38.6 million, up 39.6% from the prior period.
Six-month new student starts increased 37.2% to 1,710.
Six-month adjusted EBITDA was $6.1 million, up 30.3%.
Six-month net income was $4.2 million, up 21.2%.
Educational services expense for the quarter was $10.3 million, driven by higher staffing, rent, externship fees, and non-cash compensation.
General and administrative expenses for the quarter were $6.1 million, primarily due to increased marketing, professional fees, and bad debt.
Six-month marketing expenses totaled $3.0 million compared to $2.3 million in the prior year period.
Cash and cash equivalents stood at $21,057,325 as of December 31, 2025.
Legacy Education will host a conference call to discuss results on February 12, 2026, at 4:30 p.m. Eastern time.
The webcast will be available on the company website at www.legacyed.com for 90 days.