Legacy Education (LGCY) financial statements
Legacy Education reported revenue of $80M in fiscal 2026, up 31.2% a year over 3 years.
Net income was $9M and the operating margin 14.8%, against 10.2% in 2023.
Free cash flow was $3M.
The diluted share count rose 45% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Legacy Education's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | $35M | $46M | $64M | $80M |
| Selling, general and admin | $11M | $13M | $19M | $24M |
| Operating income | $4M | $6M | $10M | $12M |
| Interest expense | $96,259 | $118,162 | $112,731 | $68,150 |
| Pre-tax income | $4M | $7M | $11M | $13M |
| Income tax | $1M | $2M | $3M | $4M |
| Net income | $3M | $5M | $8M | $9M |
| EPS (diluted) | $0.28 | $0.53 | $0.59 | $0.66 |
| Diluted shares | 10M | 10M | 13M | 14M |
| Operating margin | 10.2% | 13.5% | 15.6% | 14.8% |
| Net margin | 7.5% | 11.1% | 11.7% | 11.4% |
Balance sheet
Fiscal years, from Legacy Education's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Cash and short-term investments | $9M | $10M | $20M | $23M |
| Receivables | $7M | $13M | $15M | $20M |
| Total current assets | $17M | $25M | $37M | $46M |
| Property, plant and equipment | $680,073 | $989,952 | $2M | $3M |
| Goodwill | $2M | $2M | $7M | $7M |
| Total assets | $27M | $35M | $69M | $79M |
| Total current liabilities | $8M | $10M | $14M | $12M |
| Long-term debt | $45,325 | $123,862 | $481,264 | $27,025 |
| Total liabilities | $12M | $13M | $28M | $26M |
| Shareholders' equity | $15M | $22M | $41M | $53M |
| Net debt | -$9M | -$10M | -$19M | -$23M |
Cash flow
Fiscal years, from Legacy Education's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Operating cash flow | $2M | $2M | $8M | $4M |
| Capital spending | $195,076 | $423,710 | $844,320 | $1M |
| Free cash flow | $2M | $1M | $7M | $3M |
| Stock-based compensation | — | $2M | $552,800 | $1M |
| Dividends paid | $916,724 | — | — | — |
| Net borrowing | -$168,394 | -$171,170 | -$330,840 | -$780,568 |
| Free cash flow margin | 4.4% | 2.7% | 10.8% | 3.3% |
| Dividends per share | $0.10 | — | — | — |
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Open LGCY in InvestinglyQuestions
What was Legacy Education's revenue in 2026?
$80M in fiscal 2026, from its 10-K filing.
How much free cash flow does Legacy Education generate?
$3M in fiscal 2026 (operating cash flow minus capital spending).
From Legacy Education's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.