American Public Education, Inc. (APEI)

NASDAQ: APEI · Real-Time Price · USD

45.86

+0.85 (1.89%)

At close: Mar 9, 2026, 4:00 PM EDT

45.86

0.00 (0.00%)

After-hours: Mar 9, 2026, 4:10 PM EDT

American Public Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	654.64	624.56	600.55	606.33	418.8	321.79
Revenue Growth (YoY)	6.75%	4.00%	-0.95%	44.78%	30.15%	12.41%
Cost of Revenue	299.73	295.7	292.86	288.47	172.62	122.16
Gross Profit	354.92	328.86	307.68	317.86	246.18	199.62
Selling, General & Admin	280.92	270.77	261.19	275	196.7	161.03
Depreciation & Amortization Expenses	15.89	19.3	27.82	32.13	17.83	12.98
Other Operating Expenses	7.6	5.72	66.98	148.08	1.28	0.85
Total Operating Expenses	304.41	295.79	355.99	455.2	215.81	174.87
Operating Income	50.5	33.07	-48.31	-137.35	30.37	24.76
Total Non-Operating Income (Expense)	-3.65	-6.53	-9.7	-13.92	-5.11	1.09
Pretax Income	46.85	30.94	-52.77	-151.25	26.09	25.85
Provision for Income Taxes	14.94	10.42	-10.72	-36.28	7.51	7.02
Net Income	24.2	10.06	-53.29	-115.04	17.75	18.82
Net Income Attributable to Preferred Dividends	7.71	6.06	6.01	0.05	-	-
Net Income to Common	24.2	10.06	-53.29	-115.04	17.75	18.82
Net Income Growth	141.37%	-	-	-	-5.68%	87.98%
Shares Outstanding (Basic)	18	18	18	19	18	15
Shares Outstanding (Diluted)	19	18	18	19	18	15
Shares Change (YoY)	2.84%	-0.24%	-3.81%	3.61%	21.32%	-7.43%
EPS (Basic)	1.36	0.57	-2.94	-6.10	0.98	1.27
EPS (Diluted)	1.32	0.55	-2.93	-6.08	0.97	1.25
EPS Growth	135.71%	-	-	-	-22.40%	101.61%
Free Cash Flow	59.97	27.79	31.62	12.83	4.44	39.88
Free Cash Flow Growth	115.78%	-12.11%	146.52%	189.07%	-88.88%	28.18%
Free Cash Flow Per Share	3.24	1.53	1.74	0.68	0.24	2.65
Gross Margin	54.22%	52.65%	51.23%	52.42%	58.78%	62.04%
Operating Margin	7.71%	5.29%	-8.04%	-22.65%	7.25%	7.69%
Profit Margin	4.87%	2.58%	-7.87%	-18.97%	4.24%	5.85%
FCF Margin	9.16%	4.45%	5.27%	2.12%	1.06%	12.39%
EBITDA	66.39	52.37	-20.49	-105.22	48.2	37.74
EBITDA Margin	10.14%	8.38%	-3.41%	-17.35%	11.51%	11.73%
EBIT	50.5	33.07	-48.31	-137.35	30.37	24.76
EBIT Margin	7.71%	5.29%	-8.04%	-22.65%	7.25%	7.69%
Effective Tax Rate	31.89%	33.68%	20.31%	23.98%	28.78%	27.16%

Updated Nov 10, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q