Start here if you're new
what it is
Legacy Education trains people for healthcare and office jobs through certificate and degree programs.
how it gets paid
Last year Legacy Education made $64M in revenue. Nursing and allied health programs was the main engine at $24M, or 38% of sales.
why it's growing
Revenue grew 39.5% last year. EDGAR shows $39M of revenue, up 101% vs. prior year, with EPS at $0.30, up 100%.
what just happened
Revenue hit $39M, and the company kept growing at triple-digit speed.
At a glance
n/a balance sheet
17.9x trailing p/e — the market's not buying it — or you found a deal
13.7% return on capital — nothing to write home about
$0.59 fy2025 eps est
$2B fy2026 rev est
What they do
Legacy Education trains people for healthcare and office jobs through certificate and degree programs.
You are buying a school with 280 employees and $64M in annual sales. The absurd part is the margin: 16.3% operating margin (profit after day-to-day costs) means 16 cents of every sales dollar survives. $64M in sales versus $14M of long-term debt keeps the balance sheet light.
How they make money
$64M
annual revenue · their business grew +39.5% last year
Nursing and allied health programs
$24M
Diagnostic imaging programs
$12M
Vocational nursing and ADN
$11M
Medical admin and coding
$9M
Business and other certificates
$8M
The products that matter
vocational healthcare training
Healthcare Career Programs
40.7% growth
this is the segment doing the storytelling right now. it drove 40.7% growth last quarter with 593 new student starts.
core engine
enrollment pipeline
Student starts
593 starts
student starts are the earliest clean signal you have. the revenue line shows up later. the 593 figure matters because it tells you demand is still arriving.
leading indicator
current quarterly base
Revenue run-rate
$19.2M last quarter
this is the number that makes the $2B fy2026 revenue feed look wrong. a business doing $19.2M in a quarter is not quietly becoming a $2B revenue company.
reality check
Key numbers
$64M
annual revenue
That is the whole business run rate. You are looking at a small shop that still moves real money.
16.3%
profit rate
This means 16 cents of every sales dollar stays after day-to-day costs. That is decent for a school.
13.7%
cash return
This is the return on capital, or profit from the money tied up in the business. Higher is better because capital is not free.
$14M
debt load
Long-term debt is light at 7% of capital. That gives the company room if growth cools.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $14M (7% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for LGCY right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $39M, and the company kept growing at triple-digit speed.
EDGAR shows $39M of revenue, up 101% vs. prior year, with EPS at $0.30, up 100%. That is the kind of growth that makes a small school look like a much bigger business.
$39M
revenue
$0.30
eps
53.0%
gross margin
top line
The number that mattered was $39M in quarterly revenue. It doubled from last year and proved demand is still hot.
source: company earnings report, 2026
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What could go wrong
This is not a diversified education platform yet. The #1 risk is enrollment concentration in Healthcare Career Programs.
med
Healthcare Career Programs slows
One program drove 40.7% growth last quarter and produced 593 new student starts. That is great when momentum is working and uncomfortable when it is the main thing working.
If new starts flatten or fall on the next comparable update, the market will question how much of the $64M revenue base is repeatable growth versus one hot lane.
med
the data feed is telling two stories
A $2B fy2026 revenue estimate does not line up with $19.2M last-quarter revenue or a $64M annual base. That does not change the business, but it does lower trust in the coverage layer around it.
When the numbers around a small-cap are messy, the stock can move on cleanup and expectation resets as much as on fundamentals.
med
small-cap visibility cuts both ways
At a $172M market cap, with thin analyst targets and no composite score, you are not getting the comfort blanket of broad institutional coverage.
That can create mispricing. It can also create violent repricing. The 52-week range of $6–$15 already told you this is not a low-drama stock.
When a $172M company has one obvious growth engine, thin coverage, and noisy estimate data, missed enrollment momentum can hit the stock faster than a normal bad quarter.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings update
Use the next report to check whether 593 new student starts was a one-quarter spike or the start of a repeatable pattern.
trend
Healthcare Career Programs momentum
This is the engine. If that 40.7% growth rate starts fading, the stock stops looking like a growth story and starts looking like a small education company with one good quarter.
risk
estimate-feed cleanup
Keep an eye on whether the $2B fy2026 revenue field gets corrected. Thin-data names can move when the market realizes the inputs were wrong.
metric
quarterly revenue against the $19.2M base
That is your reality anchor. If quarterly revenue keeps building from there, the growth case stays alive. If it slips, the story gets narrower fast.
Analyst rankings
short-term outlook
mixed
target data is thin here. in human-speak, there is no clean wall street consensus to hide behind.
risk profile
volatile
a $172M stock with a $6–$15 trading range rarely moves in straight lines.
chart momentum
stock-specific
this name will trade more on enrollment updates and estimate resets than on smooth trend-following behavior.
earnings predictability
40 / 100
the business is still proving what normal looks like, so the earnings line deserves a wider uncertainty band.
source: institutional data
Institutional activity
institutional ownership data for LGCY is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$10
current price
n/a
target midpoint · n/a from current
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