Core Insights - Legacy Education Inc. reported a strong second quarter for fiscal 2026, with a revenue growth of 40.7% to $19.2 million and a significant increase in student enrollment [1][2] - The company experienced a 49.4% increase in new student starts, totaling 593, contributing to a 16.8% rise in the overall student population to 3,234 [1][2] - Adjusted EBITDA for the quarter rose by 61.6% to $3.0 million, reflecting improved profitability and operational efficiency [1][2] Financial Highlights - For the second quarter ended December 31, 2025, net income increased by 46% to $2.0 million, with diluted earnings per share rising by 50% to $0.15 [1][2] - General and administrative expenses rose by 40.4% to $6.1 million, primarily due to increased marketing expenses and professional fees [1][2] - Educational services expenses increased by approximately 37.6% to $10.3 million, driven by the need for additional instructional staff and resources to support the growing enrollment [1][2] Year-to-Date Performance - For the six months ended December 31, 2025, revenue grew by 39.6% to $38.6 million, with net income up 21.2% to $4.2 million [1][2] - New student starts for the six-month period increased by 37.2% to 1,710, contributing to a 16.8% rise in the ending student population [1][2] - Adjusted EBITDA for the six months reached $6.1 million, a 30.3% increase compared to the same period last year [1][2] Operational Insights - The company emphasized strong demand for its healthcare programs and effective execution in enrollment and student support as key drivers of growth [1][2] - Legacy Education aims to continue expanding its educational offerings and scaling its platform to meet increasing demand in the healthcare education sector [1][2]
Legacy Education Delivers Strong Second Quarter Fiscal 2026 Results with 40% Revenue Growth and Impressive Enrollment Gains