Legacy Education Inc.
LGCY NYSE Services-Educational Services Financials FY2023–FY2026
Revenue
Total sales reported in the income statement.
$80.1M
24.8%
vs prior year
Operating margin
Operating income as a share of revenue.
14.8%
0.8 pts
Net income
Profit after all expenses, interest and tax.
$9.1M
21.3%
Free cash flow
Cash from operations minus capital spending.
$2.7M
61.3%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
28.2%
1.5 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.66 EPS (TTM)
What Legacy Education Inc. does
No business description yet.
- Legal name
- Legacy Education Inc.
- Fiscal year ends
- June 30, 2026
- Latest annual report
- 10-K · Sep 24, 2026
- Accession · CIK
- 0001493152-26-044147
0001836754
Revenue and margins
Legacy Education Inc. had $80.1M of revenue in fiscal 2026, up 24.8% on the year before.
FY23
Revenue $35.5M
FY24
Revenue $46.0M
FY25
Revenue $64.2M
FY26
Revenue $80.1M
Q1 '24
Revenue $10.4M
Q2 '24
Revenue $10.6M
Q3 '24
Revenue $12.3M
Q4 '24
Revenue $12.8M
Q1 '25
Revenue $14.0M
Q2 '25
Revenue $13.6M
Q3 '25
Revenue $18.6M
Q4 '25
Revenue $18.0M
Q1 '26
Revenue $19.4M
Q2 '26
Revenue $19.2M
Q3 '26
Revenue $21.4M
Q4 '26
Revenue $20.1M
FY23
Gross —
Operating 10.2%
Net 7.5%
FCF 4.4%
FY24
Gross —
Operating 13.5%
Net 11.1%
FCF 2.7%
FY25
Gross —
Operating 15.6%
Net 11.7%
FCF 10.8%
FY26
Gross —
Operating 14.8%
Net 11.4%
FCF 3.3%
Gross
Operating
Net
FCF
Q1 '24
Gross —
Operating 13.3%
Net 10.3%
FCF 3.0%
Q2 '24
Gross —
Operating 15.5%
Net 12.2%
FCF 21.5%
Q3 '24
Gross —
Operating 19.2%
Net 14.6%
FCF −2.5%
Q4 '24
Gross —
Operating 6.5%
Net 7.5%
FCF −8.1%
Q1 '25
Gross —
Operating 19.1%
Net 14.9%
FCF 21.1%
Q2 '25
Gross —
Operating 12.2%
Net 10.3%
FCF 3.4%
Q3 '25
Gross —
Operating 19.7%
Net 15.2%
FCF 3.2%
Q4 '25
Gross —
Operating 11.1%
Net 6.8%
FCF 16.2%
Q1 '26
Gross —
Operating 13.9%
Net 11.3%
FCF 4.2%
Q2 '26
Gross —
Operating 13.3%
Net 10.6%
FCF 2.7%
Q3 '26
Gross —
Operating 18.5%
Net 14.2%
FCF 2.4%
Q4 '26
Gross —
Operating 13.0%
Net 9.4%
FCF 4.2%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2023 to 2026, diluted EPS grew 33.1% a year. Loss periods are shown in red.
FY23
Net income $2.7M
FY24
Net income $5.1M
FY25
Net income $7.5M
FY26
Net income $9.1M
Q1 '24
Net income $1.1M
Q2 '24
Net income $1.3M
Q3 '24
Net income $1.8M
Q4 '24
Net income $1.0M
Q1 '25
Net income $2.1M
Q2 '25
Net income $1.4M
Q3 '25
Net income $2.8M
Q4 '25
Net income $1.2M
Q1 '26
Net income $2.2M
Q2 '26
Net income $2.0M
Q3 '26
Net income $3.0M
Q4 '26
Net income $1.9M
FY23
Diluted EPS $0.28
FY24
Diluted EPS $0.53
FY25
Diluted EPS $0.59
FY26
Diluted EPS $0.66
Q1 '24
Diluted EPS $0.11
Q2 '24
Diluted EPS $0.13
Q3 '24
Diluted EPS $0.19
Q4 '24
Diluted EPS $0.10
Q1 '25
Diluted EPS $0.21
Q2 '25
Diluted EPS $0.10
Q3 '25
Diluted EPS $0.21
Q4 '25
Diluted EPS $0.07
Q1 '26
Diluted EPS $0.16
Q2 '26
Diluted EPS $0.15
Q3 '26
Diluted EPS $0.22
Q4 '26
Diluted EPS $0.13
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital 36.5%
Return on equity 17.3%
Return on assets 9.8%
FY24
Return on capital 34.1%
Return on equity 27.0%
Return on assets 16.4%
FY25
Return on capital 29.7%
Return on equity 23.7%
Return on assets 14.4%
FY26
Return on capital 28.2%
Return on equity 19.5%
Return on assets 12.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $2.7M in fiscal 2026, 3.3% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow $1.6M
FY24
Free cash flow $1.2M
FY25
Free cash flow $6.9M
FY26
Free cash flow $2.7M
Q1 '24
Free cash flow $0.3M
Q2 '24
Free cash flow $2.3M
Q3 '24
Free cash flow −$0.3M
Q4 '24
Free cash flow −$1.0M
Q1 '25
Free cash flow $2.9M
Q2 '25
Free cash flow $0.5M
Q3 '25
Free cash flow $0.6M
Q4 '25
Free cash flow $2.9M
Q1 '26
Free cash flow $0.8M
Q2 '26
Free cash flow $0.5M
Q3 '26
Free cash flow $0.5M
Q4 '26
Free cash flow $0.8M
FY23
Cash from operations $1.8M
Capital spending $0.2M
FY24
Cash from operations $1.6M
Capital spending $0.4M
FY25
Cash from operations $7.8M
Capital spending $0.8M
FY26
Cash from operations $4.0M
Capital spending $1.3M
Cash from operations
Capital spending
Q1 '24
Cash from operations $0.5M
Capital spending $0.2M
Q2 '24
Cash from operations $2.4M
Capital spending $0.2M
Q3 '24
Cash from operations −$0.3M
Capital spending $0.1M
Q4 '24
Cash from operations −$1.0M
Capital spending $0.0M
Q1 '25
Cash from operations $3.2M
Capital spending $0.2M
Q2 '25
Cash from operations $0.7M
Capital spending $0.2M
Q3 '25
Cash from operations $0.9M
Capital spending $0.3M
Q4 '25
Cash from operations $3.0M
Capital spending $0.1M
Q1 '26
Cash from operations $1.1M
Capital spending $0.2M
Q2 '26
Cash from operations $1.1M
Capital spending $0.5M
Q3 '26
Cash from operations $0.8M
Capital spending $0.2M
Q4 '26
Cash from operations $1.2M
Capital spending $0.3M
Cash from operations
Capital spending
Dividends, buybacks and share count
Legacy Education Inc. returned — to shareholders in fiscal 2026. The diluted share count rose 9.9%.
FY23
Dividends $0.9M
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
FY26
Dividends —
Buybacks —
Dividends
Buybacks
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
FY26
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably Legacy Education Inc. can carry it.
FY23
Cash $9.3M
Debt $0.7M
FY24
Cash $10.4M
Debt $1.6M
FY25
Cash $20.3M
Debt $2.5M
FY26
Cash $22.7M
Debt $0.3M
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash and short-term investments | $9.3M | $10.4M | $20.3M | $22.7M |
| Debt incl. finance leases | $0.7M | $1.6M | $2.5M | $0.3M |
| Net debt / EBITDA | −2.2x | −1.4x | −1.7x | −1.8x |
| Debt / equity | 0.0x | 0.1x | 0.1x | 0.0x |
| Interest coverage | 37.6x | 52.6x | 88.6x | 173.2x |
| Current ratio | 2.0x | 2.3x | 2.7x | 3.7x |
| Quick ratio | 2.0x | 2.3x | 2.7x | 3.7x |
| Total assets | $27.2M | $35.2M | $69.2M | $78.5M |
| Total liabilities | $11.8M | $12.8M | $28.2M | $25.8M |
| Shareholders' equity | $15.4M | $22.4M | $41.0M | $52.8M |
| Net debt (− = net cash) | −$8.6M | −$8.8M | −$17.8M | −$22.4M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✕ | ✓ |
| Cash from operations exceeds net income | ✕ | ✕ | ✓ | ✕ |
| Debt fell relative to assets | — | ✕ | ✓ | ✓ |
| Current ratio rose | — | ✓ | ✓ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — |
| Revenue rose relative to assets | — | ✓ | ✕ | ✓ |
| F-score | — / 3 | 5 / 8 | 5 / 8 | 6 / 8 |
| Accruals ratio | 3.3% | 11.1% | −0.4% | 6.9% |
| Altman Z'' | 4.53 | 6.24 | 5.35 | 6.90 |
4 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $35.5M | $46.0M | $64.2M | $80.1M |
| Operating income | $3.6M | $6.2M | $10.0M | $11.8M |
| Interest expense | $0.1M | $0.1M | $0.1M | $0.1M |
| Pretax income | $3.9M | $7.0M | $11.0M | $12.7M |
| Income tax | $1.2M | $1.9M | $3.5M | $3.5M |
| Net income | $2.7M | $5.1M | $7.5M | $9.1M |
| Diluted EPS | $0.28 | $0.53 | $0.59 | $0.66 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||
| Cash from operations | $1.8M | $1.6M | $7.8M | $4.0M |
| Capital expenditure | $0.2M | $0.4M | $0.8M | $1.3M |
| Free cash flow | $1.6M | $1.2M | $6.9M | $2.7M |
| Depreciation and amortization | $0.2M | $0.3M | $0.4M | $0.6M |
| Stock-based compensation | — | $1.9M | $0.6M | $1.2M |
| Dividends paid | $0.9M | — | — | — |
| Dividends and buybacks | $0.9M | — | — | — |
| Balance sheet | ||||
| Cash and short-term investments | $9.3M | $10.4M | $20.3M | $22.7M |
| Total debt | $0.7M | $1.3M | $2.3M | $0.2M |
| Finance lease liabilities | — | $0.3M | $0.2M | $0.2M |
| Current assets | $17.3M | $24.6M | $37.1M | $45.8M |
| Current liabilities | $8.5M | $10.5M | $13.8M | $12.4M |
| Property and equipment, net | $0.7M | $1.0M | $2.5M | $3.2M |
| Goodwill | $1.9M | $1.9M | $6.9M | $6.8M |
| Intangible assets | $1.1M | $1.1M | $3.9M | $3.8M |
| Total assets | $27.2M | $35.2M | $69.2M | $78.5M |
| Total liabilities | $11.8M | $12.8M | $28.2M | $25.8M |
| Shareholders' equity | $15.4M | $22.4M | $41.0M | $52.8M |
| Margins | ||||
| Operating margin | 10.2% | 13.5% | 15.6% | 14.8% |
| EBITDA margin | 10.8% | 14.1% | 16.3% | 15.6% |
| Net margin | 7.5% | 11.1% | 11.7% | 11.4% |
| FCF margin | 4.4% | 2.7% | 10.8% | 3.3% |
| Returns | ||||
| Return on capital | 36.5% | 34.1% | 29.7% | 28.2% |
| Return on capital employed | 19.3% | 25.2% | 18.0% | 17.8% |
| Return on equity | 17.3% | 27.0% | 23.7% | 19.5% |
| Return on assets | 9.8% | 16.4% | 14.4% | 12.4% |
| Return on tangible equity | 21.4% | 26.3% | 24.8% | 21.7% |
| Growth | ||||
| Revenue growth | — | 29.7% | 39.5% | 24.8% |
| Net income growth | — | 91.8% | 47.3% | 21.3% |
| EPS growth | — | 89.3% | 11.3% | 11.9% |
| FCF growth | — | −22.2% | 465.2% | −61.3% |
| Share count change | — | 0.8% | 30.9% | 9.9% |
| Financial health | ||||
| Net debt / EBITDA | −2.2x | −1.4x | −1.7x | −1.8x |
| Debt / equity | 0.0x | 0.1x | 0.1x | 0.0x |
| Interest coverage | 37.6x | 52.6x | 88.6x | 173.2x |
| Current ratio | 2.0x | 2.3x | 2.7x | 3.7x |
| Quick ratio | 2.0x | 2.3x | 2.7x | 3.7x |
| Capital allocation | ||||
| Capex / revenue | 0.6% | 0.9% | 1.3% | 1.7% |
| Stock comp / revenue | — | 4.1% | 0.9% | 1.5% |
| Payouts / FCF | 58.2% | — | — | — |
| Quality scores | ||||
| Piotroski F-score | — | 5.0 | 5.0 | 6.0 |
| Altman Z'' | 4.5 | 6.2 | 5.4 | 6.9 |
| Accruals ratio | 3.3% | 11.1% | −0.4% | 6.9% |
Source: SEC EDGAR XBRL filings (CIK 0001836754). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.