Legacy Education Inc.

Listed Company

LGCYCIK 0001836754NYSEEmerging GrowthServices-Educational ServicesNevadaFY ends Jun 30

Period

FY 2025

Revenue

$64.17M

Net Income

$7.53M

Total Assets

$69.21M

Equity

$41.04M

Shares Out

12.61M

Op. Cash Flow

$7.77M

Business

Legacy Education Inc. provides career-focused, post-secondary education services through accredited institutions serving adult and traditional students. It offers vocational and degree programs in healthcare and allied fields, including certificates, associate and bachelor programs, avocational courses, externships, career services and job-placement assistance. The company operates multiple institution brands — High Desert Medical College, Central Coast College, Integrity College of Health, and Contra Costa Medical Career College — as its principal operating divisions. It delivers programs primarily to students in Southern and Central California via campus-based instruction, targeted marketing channels and some distance-learning offerings.

Summary from filing dated 2025-09-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Tuition and related income, net	64	46	35
Educational services	34	26	21
General and administrative	19	13	11
General and administrative related party	225,875	168,000	173,000
Depreciation and amortization	441,718	265,036	224,488
Total costs and expenses	54	40	32
Operating income	10	6	4
Interest expenses	−112,731	−118,162	−96,259
Interest income	1	886,834	339,102
Total other income	1	768,672	242,843
Income before income tax expenses	11	7	4
Income tax expenses	−3	−2	−1
Net income	8	5	3
Basic net income per share	0.65	0.55	0.29
Diluted net income per share	0.59	0.53	0.28
Basic weighted average shares outstanding	12	9	9
Diluted weighted average shares outstanding	13	10	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30
Cash and cash equivalents	20	10	9	—
Accounts receivable, net of $1,641,052 and $688,848 allowance for doubtful accounts as of June 30, 2025 and June 30, 2024, respectively	15	13	7	—
Prepaid expenses	1	1	661,559	—
Other receivables	302,424	140,894	141,454	—
Total current assets	37	25	17	—
Property and equipment, net	2	989,952	680,073	—
Operating lease right-of-use asset	16	4	4	5
Financing lease right-of-use asset	311,711	340,048	—	—
Intangible assets	4	1	1	—
Goodwill	7	2	2	—
Accounts receivable, long-term	2	1	1	—
Deferred income tax assets	395,546	898,000	168,000	—
Security deposits	503,133	416,605	383,545	—
Total assets	69	35	27	—
Accounts payable and accrued liabilities	5	4	3	—
Accrued income tax payable	596,250	1	147,055	—
Deferred, unearned tuition	5	3	3	—
Other current liabilities	3,197	24,201	30,434	—
Current portion of debt	875,350	574,244	678,257	—
Debt owed, related party	50,000	50,000	50,000	—
Current portion of financing lease	63,989	57,260	—	—
Current portion of operating lease liability	2	2	2	—
Total current liabilities	14	10	8	—
Debt, net of current portion	481,264	123,862	45,325	—
Financing lease, net of current portion	151,420	215,409	—	—
Other liabilities	—	905	—	—
Operating lease liability, net of current portion	14	2	3	—
Total liabilities	28	13	12	—
Commitments and contingencies	—	—	—	—
Preferred stock: $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	—	—	—	—
Common stock: $0.001 par value, 100,000,000 shares authorized, 12,452,670 and 9,291,149 shares issued and outstanding as of June 30, 2025 and June 30, 2024, respectively	12,453	9,291	9,291	—
Additional paid in capital	27	16	14	—
Retained earnings	14	6	1	—
Total stockholders equity	41	22	15	14
Total liabilities and stockholders equity	69	35	27	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30
Non cash compensation	552,800	2	—
Depreciation & amortization	441,718	265,036	224,488
Deferred income tax	502,454	−730,000	−75,792
Provision for allowance for doubtful accounts for accounts receivable and contracts receivable	3	348,788	−152,891
Accounts receivable	−3	−6	−2
Prepaid expenses	−327,148	−370,766	−5,510
Other receivable	−161,530	560	569,040
Related party receivable	—	69,975	—
Other assets	−54,293	−183,917	−141,802
Accounts payable and accrued liabilities	1	1	163,411
Income tax payable	−847,085	1	143,220
Deferred unearned tuition	−465,486	−887,979	373,270
Net cash provided by operating activities	8	2	2
Cash paid under APA	−6	—	—
Purchases of property and equipment	−844,320	−423,710	−195,076
Net cash used in investing activities	−7	−423,710	−195,076
Proceeds from IPO, net of offering cost	9	—	—
Proceeds from exercise of options	374,631	—	33,800
Principal payment on finance lease	−57,260	−67,379	—
Principal payments on debt	−330,840	−171,170	−168,394
Net cash provided by (used in) financing activities	9	−238,549	−1
Net increase cash and cash equivalents and restricted cash	10	986,543	523,042
Cash paid during the periods for interest	136,267	118,162	96,259
Cash paid during the periods for income taxes	4	1	1
Non-cash purchase of financed lease assets	—	340,048	—
Non-cash purchase of equipment	567,451	145,694	—
Prepaid expense reclassifies to offering cost	276,866	—	—
Common stock issued as part of APA	1	—	—
Promissory note under APA	400,000	—	—
Net identifiable assets acquired under APA	−205,670	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro