Q1 2026 Legacy Education Inc Earnings Call Transcript
Key Points
- Revenue grew by 38.5% to $19.4 million, driven by a 31.6% increase in new student starts.
- Legacy Education Inc (LGCY) achieved its 13th consecutive quarter of double-digit revenue growth.
- The company reported a 37.7% rise in ending student population, reaching an all-time high.
- Net income increased by 4.6% to $2.2 million, showcasing strong financial performance.
- Legacy Education Inc (LGCY) has a robust balance sheet with low debt and high liquidity, positioning it well for future growth.
- Adjusted EBITDA margin decreased to 15.9% from 20.1% due to strategic investments.
- Diluted EPS decreased to $0.16 from $0.21 last year, impacted by an increase in diluted shares.
- Educational service expenses rose to 53.2% of revenue, reflecting increased costs.
- General and administrative expenses increased to 31.5% of revenue, driven by non-recurring costs.
- Operating cash flow was lower year over year due to timing of federal disbursements.
Good day and welcome to the Legacy Education Inc. First quarter fiscal year 2026 earnings conference call. Today's call is being recorded and broadcast live. It will also be archived on the Legacy Education website for future reference.
To kick off the call, I will turn it over to Nicole Joseph, Senior Vice President of Legacy Education Inc. Nicole, please go ahead.
Thank you. And hello, everyone. Legacy Education has issued a news release reporting its financial results and corporate developments for the first quarter fiscal year ended September 30, 2025. The release is available in the investor relations section of our corporate website at legacyE.com. With us today on the call are Leeanne Roman, Chief Executive Officer, and Brandon Pope, Chief Financial Officer.
On today's earnings call, statements made by Legacy Management regarding the company's business, which are not historical facts, may be forward-looking statements as identified in federal securities laws.
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