Legacy Education Delivers Record Fiscal 2026 Results with 25% Revenue Growth and Continued Enrollment Gains

What happened

Legacy Education Inc. disclosed audited results for the fiscal year ended June 30, 2026. The company reported fiscal 2026 revenue of $80.1 million, net income of $9.1 million, EBITDA of $12.5 million and adjusted EBITDA of $13.6 million. Management highlighted increases in new student starts, year-end student population, facility expansions at two campuses, a planned Houston lease, and newly approved programs at one college.

Sources: S1

Key financial details

Reported revenue for the year ended June 30, 2026 was $80.1 million, up $15.9 million, or 24.8%, versus fiscal 2025. Net income for fiscal 2026 was $9.1 million, a 21.3% increase year-over-year. The company reported EBITDA of $12.5 million and adjusted EBITDA of $13.6 million for fiscal 2026. For the fourth quarter, revenue was $20,101,822 and diluted earnings per share was $0.13.

Sources: S1

Operational highlights

Legacy reported new student starts increased 9.0% and ended the year with a student population of 3,377, 8.9% higher than 2025. The company said it increased capacity at High Desert Medical College's Lancaster and Temecula campuses, signed a lease for a planned campus in Houston, Texas, and obtained approvals to launch two degree programs and one certificate program at Contra Costa Medical Career College.

Sources: S1

Why this may matter (inference)

The combination of revenue growth, positive net income, rising adjusted EBITDA, and reported enrollment increases could indicate the company expanded its scale in fiscal 2026. Facility expansions and program approvals may support further capacity and program diversification. These operational developments, together with the company’s stated expansion strategy, are the issuer's rationale for expecting continued growth opportunities.

Sources: S1

What remains uncertain

• All numerical results and operational statements are reported by the company and not independently verified in this draft.
• Adjusted EBITDA is a non-GAAP measure that the company defines by excluding stock-based compensation; the press release states this is not in accordance with, or an alternative to, GAAP and should be considered with GAAP results.
• Forward-looking statements in the release are subject to risks and uncertainties as disclosed by the company and speak only as of the date of the press release.