Legacy Education (LGCY) Investor presentation summary

Company overview and market positioning

• Operates six campuses in California, focusing on affordable, accredited post-secondary education in allied healthcare, veterinary, and business fields, with 3,234 students enrolled as of December 31, 2025.

• Programs are designed for high ROI, shorter durations, and strong job placement, with a 79% graduation rate and 75% placement rate.

• Strategic growth through organic enrollment, new program development, and accretive acquisitions, with a 28% five-year enrollment CAGR.

• Leadership team averages over 20 years of industry experience, supporting operational stability and growth.

Financial performance and key metrics

• Achieved $75.1M in LTM revenue (42% YoY growth) and $12.4M LTM adjusted EBITDA, maintaining a 17% margin.

• Ended Q2 FY26 with $21.1M in cash, $27.8M working capital, and $179M market capitalization.

• Student acquisition cost is $1.5K, generating over 15x annual revenue per student ($25.0K).

• Quarterly enrollment and starts have shown consistent growth, with a 17% YoY increase in student population.

Academic outcomes and program expansion

• 82% NCLEX pass rate and 75% average placement rate across campuses as of June 30, 2025.

• Top five programs by enrollment represent 64% of total enrollment, emphasizing healthcare and allied health fields.

• Continuous program innovation, including new offerings in nursing, imaging, veterinary, and dental fields.

• Hybrid and interactive distance learning models implemented, with 30–50% of students enrolled via IDL.