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Legacy Education Inc. Reports Third Quarter Fiscal 2026 Growth Across Revenue, Enrollment, and Earnings

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  • Legacy Education Inc. reported fiscal third-quarter results ended March 31, 2026, with revenue growing 15.0% to $21.4 million.
  • New student starts reached 1,078 in the quarter, while the total student population increased 9.4% to 3,550.
  • Net income for the quarter was $3.0 million, a 7.5% increase year-over-year.
  • Adjusted EBITDA rose 12.6% to $4.4 million, and diluted earnings per share increased 4.8% to $0.22.
  • For the nine months ended March 31, 2026, revenue grew 29.7% to $60.0 million.
  • Nine-month new student starts increased 12.7% to 2,788, resulting in a 9.4% rise in student population.
  • Year-to-date net income reached $7.3 million, up 15.1%, while adjusted EBITDA grew 22.3% to $10.5 million.
  • Diluted earnings per share for the nine-month period was $0.52, an increase of 2.0%.
  • Educational services expenses increased to $11.0 million for the quarter \& $31.7 million for the nine months, primarily due to staffing costs \& externship fees.
  • General \& administrative expenses rose to $6.2 million for the quarter \& $18.4 million for the nine months, driven by higher marketing, bad debt, \& professional fees.
  • Strategic developments included facility expansions at High Desert Medical College campuses, execution of a Branch Letter of Intent, \& launch of new Surgical Technology \& Sterile Processing Technician programs.
  • Legacy Education will host a conference call on May 14, 2026, at 4:30 p.m. Eastern time to discuss these results.
  • The company maintains a cash balance of $21.7 million \& total stockholders' equity of $49.5 million as of March 31, 2026.