Legacy Education Inc.
AMEX: LGCY · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
Updated 2026-06-05
Legacy Education Inc. (LGCY) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $86.94M | $273.37M | $481.58M | $783.07M | $653.49M | $909.43M | $1.04B | $1.69B | $1.66B | $1.90B | $1.63B | $1.30B | $1.49B | $1.47B | $10.76M | $17.95M | $20.61M | $27.25M | $35.17M | $69.21M |
| Cash & equivalents | $1.95M | $1.06M | $9.60M | $2.50M | $4.22M | $3.48M | $3.15M | $3.51M | $2.58M | $725000.00 | $2.01M | $2.56M | $1.25M | $1.10M | $1.42M | $7.85M | $8.77M | $9.29M | $10.38M | $20.32M |
| Current assets | $8.27M | $18.22M | $33.56M | $80.94M | $49.61M | $50.60M | $59.78M | $87.91M | $74.70M | $192.25M | $129.46M | $82.77M | $112.60M | $151.09M | $6.04M | $13.61M | $15.74M | $17.35M | $24.59M | $37.05M |
| Total liabilities | $77.03M | $134.58M | $225.85M | $402.44M | $374.83M | $517.69M | $555.15M | $1.02B | $1.15B | $1.26B | $1.81B | $1.52B | $1.76B | $1.67B | $4.68M | $6.95M | $7.01M | $11.82M | $12.75M | $28.16M |
| Current liabilities | $4.56M | $10.83M | $43.46M | $57.01M | $54.23M | $72.95M | $97.45M | $103.72M | $93.89M | $97.58M | $81.09M | $86.61M | $144.81M | $984.65M | $3.85M | $6.23M | $6.38M | $8.49M | $10.47M | $13.78M |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $308146.00 | $222928.00 | $127441.00 | $45325.00 | $123862.00 | $481264.00 |
| Shareholder equity | $9.91M | $138.79M | $255.73M | $380.63M | $278.66M | $391.74M | $488.33M | $670.28M | $510.40M | $376.94M | $-439.94M | $-482.35M | $-531.95M | $-217.38M | $6.08M | $11.00M | $13.60M | $15.42M | $22.42M | $41.04M |
| Retained earnings | — | — | — | — | — | — | — | $670.28M | $510.40M | $376.94M | $-439.94M | $-482.35M | $-531.95M | $-218.48M | $3.05M | — | $-666916.00 | $1.11M | $6.22M | $13.76M |
| Accounts receivable | $6.27M | $11.97M | $23.30M | $19.52M | $22.98M | $37.52M | $45.99M | $65.95M | $64.59M | $65.86M | $59.41M | $66.61M | $90.18M | $3.01M | $4.25M | $4.75M | $4.86M | $6.32M | $13.08M | $15.26M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $126879.00 | $369499.00 | $442858.00 | $470744.00 | $833203.00 | $1.19M |
| Goodwill | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $1.93M | $1.93M | $1.93M | $1.93M | $1.93M | $6.85M |
Frequently asked questions
What is Legacy Education Inc.'s revenue?
Legacy Education Inc.'s trailing twelve-month revenue is $77.91M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is LGCY?
In its most recent fiscal year, LGCY ran a gross margin of 46.63%, an operating margin of 15.56%, and a net margin of 11.74%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does LGCY generate?
LGCY produced $6.92M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is LGCY's balance sheet healthy?
LGCY holds $20.32M in cash and equivalents against $481264.00 in long-term debt, on $41.04M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.