Record-Breaking Revenue Growth
Legacy Education achieved a record-breaking quarter with revenue soaring 50.7% year-over-year to $18.6 million, marking 11 consecutive quarters of double-digit revenue growth.
Significant Increase in Enrollment
The company saw a 70.7% increase in new student starts and a 49.8% growth in ending enrollment, reaching 3,245 students as of March 31, 2025.
Successful Acquisition Integration
The integration of Contra Costa Medical Career College added 468 students and expanded Legacy Education's footprint in high-demand healthcare markets.
Strong Financial Performance
Legacy Education reported a net income increase of 57.1% to $2.8 million, and an adjusted EBITDA rise of 60% to $3.9 million year-over-year.
Robust Cash Position
The company maintains a strong balance sheet with $17.3 million in cash and $22 million in working capital, providing ample liquidity for growth initiatives.
High Placement Rates
Legacy Education reported an overall nursing NCLEX pass rate of 83% and placement rates of 75% and 76% through their accreditors ACCET and ABHES, respectively.
Expansion in High-Demand Programs
The company is adding new program offerings in high-demand fields such as sterile processing, surgical technician, and EMT, aligning with employer needs.