LGCYNYSEServices-Educational ServicesUS GAAP · USD

Legacy Education Inc.

Legacy Education Inc. operates a group of California-based career colleges that provide post-secondary, job-focused training for adult learners. Its programs are centered on healthcare and other applied fields, with tuition, lab fees, and related student charges as the main revenue sources.

Kysy yhtiöstä
Liikevaihto80,1milj. USD
+24,8 %v/v
Liikevoitto (EBIT)11,8milj. USD
+18,3 %v/v
EBIT-marginaali14,8%
−0,8 %-yks.v/v
Nettotulos9,1milj. USD
+21,3 %v/v
Vapaa kassavirta2,7milj. USD
−61,3 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2023–2026

020406080100milj. USD2023: 35 milj. USD2023: EBIT 3,6 milj. USD20232024: 46 milj. USD2024: EBIT 6,2 milj. USD20242025: 64 milj. USD2025: EBIT 10,0 milj. USD20252026: 80 milj. USD2026: EBIT 12 milj. USD20268012
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Legacy Education Inc.

Liiketoiminta

Osuus liikevaihdosta
Tuition and lab fees89 %

Core instructional revenue from career programs delivered over the course of study.

Books, registration and other fees11 %

Point-in-time student charges tied to enrollment and program administration.

Asiakkaat

Legacy sells education services to adult students seeking practical credentials for immediate employment or career changes. Its student base includes recent high school graduates, working parents, and other adults pursuing healthcare and related vocational pathways. Demand is tied to employability, program accreditation, and access to financial aid.

Adult career changers

Adults enrolling in healthcare, business, or technical programs to gain employable skills quickly.

Recent high school graduates

Younger students entering post-secondary vocational programs for direct workforce entry.

Working parents and non-traditional students

Students balancing work and family who value practical training and career mobility.

Healthcare-focused students

Students buying medical, veterinary, and allied health training for regulated occupations.

Strategia

Legacy’s strategy is to run a centralized group of career colleges focused on practical, employment-oriented education. It emphasizes accredited programs in healthcare and other in-demand fields, which supports student recruitment, financial aid access, and employer relevance. The company also appears to rely on a multi-campus model under common management to scale support functions and maintain consistency.

Maintain accreditation and regulatory approvalsLyhyt aikaväli

Access to federal and state aid and the ability to operate depend on compliance.

Grow enrollment in healthcare and applied programsKeskipitkä aikaväli

These programs are the core revenue engine and align with labor-market demand.

Preserve student outcomes and employabilityKeskipitkä aikaväli

Career placement relevance supports brand credibility and future enrollment.

Maantiede

The company operates in California through a set of accredited institutions, and its reported business is concentrated in that state. This geographic concentration makes it dependent on California regulatory approvals, local labor markets, and regional student demand. No country-level revenue split was disclosed in the provided excerpts.

Riskit

The business is highly exposed to education regulation, accreditation standards, and state authorization requirements, any of which could restrict operations or funding. It also faces student credit risk, refund exposure, and seasonal enrollment swings typical of post-secondary education providers. Because revenue depends on tuition recognition over the instruction period, enrollment trends and student retention directly affect reported results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Educational regulatory non-compliance1Accreditation and authorization risk2Student credit and collection risk3Seasonal enrollment volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Educational regulatory non-complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company operates in a heavily regulated field and must meet accreditation and state rules to keep operating.

    KohdistuuLoss of federal/state aidOperating restrictionsOr program closure
  2. Accreditation and authorization riskVaikutus: KorkeaTodennäköisyys: Matala

    Programs depend on ACCET/ABHES accreditation and California approval for credibility and funding access.

    KohdistuuStudent enrollmentAid eligibilityInstitutional reputation
  3. Student credit and collection riskVaikutus: KeskitasoTodennäköisyys: Matala

    Tuition is billed to students and aid recipients, creating exposure to non-payment and write-offs.

    Kohdistuu: Accounts receivable and bad debt expense

  4. Seasonal enrollment volatilityVaikutus: KeskitasoTodennäköisyys: Matala

    New enrollments are concentrated in the first and third fiscal quarters, affecting comparability.

    Kohdistuu: Quarterly revenue and operating leverage

Kysy Clarifolta: Legacy Education Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition over time vs point in time

Different fee types are recognized differently, affecting revenue timing and mix.

Vaikutus: Tuition is spread across the program period; ancillary fees hit earlier

Variable consideration and performance obligation estimates

Management must estimate the transaction price and constraints on recognition.

Vaikutus: Can shift reported tuition revenue between periods

Allowance for credit losses

Student non-payment and aid recovery risk require reserves based on aging and status.

Vaikutus: Affects bad debt expense and receivables valuation

Seasonality

Enrollment patterns create predictable quarter-to-quarter revenue variation.

Vaikutus: Second quarter revenue is typically lower than other quarters

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Päivitetty: 24.9.2026