# Legacy Education's net income rose 21.3% as operating cash flow fell 48.2%

![Legacy Education's net income rose 21.3% as operating cash flow fell 48.2%](https://aiswingx.com/static/covers/lgcy-fy2026_cover.jpg?v=1790556459)

**Fiscal 2026 10-K: revenue grew 24.8% while receivables grew 32.0%, and that difference came out of cash flow**

Legacy Education (LGCY) reported net income of $9,139,483 for fiscal 2026, up 21.3% from a year earlier. Operating cash flow for the same year was $4,026,948, down 48.2%.

- 종목: LGCY (Legacy Education Inc.)
- 분기: FY2026 · 10-K
- 작성: 2026-09-28 00:47 UTC · 업데이트: 2026-09-28 12:17 UTC
- 원문: https://aiswingx.com/p/lgcy-fy2026

## 숫자 하나
Fiscal 2026 net income of $9,139,483 (+21.3%) and operating cash flow of $4,026,948 (−48.2%). Revenue rose 24.8% while accounts receivable, net rose 32.0%. The increase in receivables shown in the cash flow statement is $8,985,834.

## 비유 하나
(구독자 전용)

## 출처 하나
Legacy Education Inc. Form 10-K (fiscal 2026, filed 2026-09-24, accession 0001493152-26-044147): consolidated statements of operations, consolidated balance sheets, consolidated statements of cash flows, the allowance for credit losses and revenue recognition accounting policies, and the risk factors. Annual figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Legacy Education (LGCY) runs vocational schools for nursing and allied health programs in the United States. Its fiscal 2026 year ended on June 30, 2026, and the 10-K was filed on September 24, 2026.

The bottom line of the income statement, and the subtotal at the top of the cash flow statement.

| Item | FY2026 | FY2025 | Change |
|---|---|---|---|
| **Net income** | **$9,139,483** | $7,534,232 | **+21.3%** |
| **Operating cash flow** | **$4,026,948** | $7,768,239 | **−48.2%** |
| Operating cash flow / net income | **44.1%** | 103.1% | −59.0pp |

A year earlier, more cash came in from operations than the company reported as profit (103.1%). This year it is less than half of profit.

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## FAQ

**Q. How can cash flow fall while profit rises?**

It places net income from the income statement beside operating cash flow from the cash flow statement, exactly as reported. Both appear in this 10-K and are in the free table above.

**Q. Where did the cash go?**

The cash flow statement carries the increase in receivables as its own line. That amount and its size relative to net income are in the subscriber section.

**Q. How large is the allowance?**

The company reports receivables net of an allowance for credit losses. Both years' allowance and its share of the gross balance are in the subscriber section.

**Q. What regulatory risks does it disclose?**

The company lists the US Department of Education's Title IV student aid programs and related rules among its risks. What it lists is set out in the subscriber section.

**Q. Where can I verify this directly?**

Open Legacy Education Inc.'s fiscal 2026 Form 10-K (accession 0001493152-26-044147) on SEC EDGAR and read the statement of cash flows, the balance sheet, and the allowance for credit losses accounting policy.