Legacy Education (LGCY) investor relations material

Company overview and market positioning

• Operates six nationally accredited campuses in California, focusing on affordable, career-oriented programs in allied healthcare, veterinary, and business fields.

• Achieved 32% year-over-year revenue growth to $77.9M LTM and 9% student enrollment growth to 3,550 as of March 31, 2026.

• Maintains high student outcomes: 79% graduation rate, 75% placement rate, and 82% NCLEX pass rate.

• Programs are designed for high ROI, shorter durations, and strong alignment with employer needs.

• Strategic focus on organic growth, new program development, and accretive acquisitions.

Financial performance and key metrics

• LTM net income reached $8.5M and adjusted EBITDA was $12.9M, with net income margins at 11% and EBITDA margins at 15%.

• Ended Q3 2026 with $21.7M in cash, $30.9M in working capital, and minimal debt ($0.6M).

• Student acquisition cost is $1.6K, generating over 14x annual revenue per student ($22.9K).

• Market capitalization stands at $140.6M with 14.0M diluted shares outstanding.

• Consistent positive cash flow from operations supports ongoing growth and M&A activities.

Growth strategy and expansion

• Organic growth driven by cross-program integration, new program launches, and expanding academic portfolio.

• Recent acquisitions (Central Coast, Integrity College, Contra Costa) contributed to 37% of current enrollment.

• New programs in healthcare, veterinary, and dental fields, with continuous improvement in pass rates and re-enrollment opportunities.

• Hybrid and interactive distance learning models implemented to increase flexibility and scalability.

• Active pipeline for further M&A, focusing on accretive, capital-efficient transactions.