newsfilter
← Earnings
Earnings Releases·

Legacy Education Inc. — First Quarter Fiscal 2027 Earnings Summary

  • Revenue rose 3.1% year-over-year to $20.0 million, while net income declined to $0.9 million from $2.2 million and Adjusted EBITDA fell to $2.1 million from $3.1 million, driven by a $0.7 million legal settlement and increased operating expenses.
  • Student population reached a record 3,684 (up 5.4% year-over-year), with new starts totaling 1,006 and top healthcare programs nearly doubling their start volume compared to the prior year.
  • The company secured U.S. Department of Education approval for Contra Costa Medical Career College with no growth restrictions and entered a lease for a new Houston campus, expected to open before December 31, 2026, subject to regulatory approvals.
  • Management prioritized aligning costs with opportunities and launching three new programs in the second half of fiscal 2027, acknowledging lower profitability as a result of strategic investments in faculty, facilities, and new program capacity.
Company
LEGACY EDUCATION INC
Sector
Consumer Defensive
Industry
Education & Training Services