Legacy Education's First Quarter Results Reveal Record Enrollment and Strategic Growth in Healthcare Programs

Legacy Education Inc. Reports Record Growth and Strategic Developments for Q1 FY 2027

Lancaster, California — November 12, 2026
Legacy Education Inc. (NYSE American: LGCY), a key player in career education for healthcare professionals, has disclosed its financial outcomes for the first quarter of fiscal year 2027, ending September 30, 2026. This quarter has proven pivotal for the company, not only in terms of financial growth but also in its expansion efforts within the educational landscape.

The figures mark a notable triumph for Legacy Education, as it experiences its highest-ever student population of 3,684. This represents a significant 5.4% increase from the same period last year and a 9.1% rise since the last quarter. In tandem with this surge, the company welcomed a robust 1,006 new students into its programs, demonstrating a vibrant and expanding educational environment.

Financial Performance Highlights

For the quarter, Legacy Education achieved revenue of $20.0 million, which translates to a growth of $0.6 million or 3.1% compared to the previous year's revenue of $19.4 million. This growth was primarily fueled by the aforementioned increase in student starts. However, the company did note an increase in educational services expenses, which amounted to $11.7 million, reflecting investments in personnel and facility upgrades.

Net income reported was approximately $0.9 million, with an adjusted EBITDA of $2.1 million. The company highlighted its intention to continue investing in faculty and facility expansions, aiming for long-term growth despite facing a slight decrease in profitability this quarter.

CEO LeeAnn Rohmann acknowledged the efficacy of their strategic initiatives stating, "We are serving more students than at any point in our history. Our three fastest-growing programs generated 338 new starts, demonstrating robust demand and enrollment growth."

Strategic Developments

Moreover, Legacy Education is accelerating its expansion plans outside California. In September 2026, Central Coast College secured a lease for its inaugural campus in Houston, Texas, which is slated to open pending regulatory approvals by the end of November 2026. This strategic move signifies the company's commitment to reaching new students and fulfilling educational needs in diverse locales.

Additionally, Contra Costa Medical Career College, under Legacy Education, has transitioned in ownership with new program approvals. These include promising fields such as Cardiac Sonography and Veterinary Assistant, further diversifying the company's educational offerings.

Continuous Improvement and Future Plans

The focus for Legacy Education remains steadfast on quality and accessibility. By enhancing educational services and incorporating new programs, the company looks to maintain a competitive edge in the rapidly evolving healthcare education segment. Future plans involve launching the newly approved programs in the upcoming months, filling added capacities while aligning operational costs with the projected growth opportunities.

As Legacy Education continues on this trajectory, stakeholders and the education community will be keenly watching how the company leverages its record enrollment numbers into sustained profitability and further expansion across the U.S.

With a solid financial foundation, including $21.7 million in cash and low debt levels, Legacy Education appears well-positioned to adapt and thrive.
For more detailed financial insights, Legacy Education will hold a conference call today at 4:30 PM EST, accessible through their investor relations website, inviting stakeholders to join the dialogue on this quarter’s outcomes.

Conclusion

This quarter's results reflect not just numerical growth but also the brand's dedication to delivering high-quality career education programs. Legacy Education is set on a promising path, anticipating continued growth and increased opportunities for its current and future students.

For more information on Legacy Education's programs and expansion plans, visit www.legacyed.com.