American Public Education, Inc. (APEI)

American Public Education Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	600.55	606.33	418.8	321.79	286.27
Revenue Growth (YoY)	-0.95%	44.78%	30.15%	12.41%	-3.84%
Cost of Revenue	292.86	288.47	172.62	122.16	111.92
Gross Profit	307.68	317.86	246.18	199.62	174.35
Selling, General & Admin	261.19	275	196.7	161.03	138.11
Other Operating Expenses	94.8	176.38	19.11	13.84	23.49
Operating Expenses	355.99	451.38	215.81	174.87	161.6
Operating Income	-48.31	-133.52	30.37	24.76	12.76
Interest Expense / Income	4.46	17.73	4.28	-1.09	-3.91
Other Expense / Income	5.24	0.02	0.83	0.01	1.46
Pretax Income	-58	-151.27	25.26	25.84	15.2
Income Tax	-10.72	-36.28	7.51	7.02	5.19
Net Income	-47.29	-114.99	17.75	18.82	10.01
Preferred Dividends	6.01	0.05	0	0	0
Net Income Common	-53.29	-115.04	17.75	18.82	10.01
Net Income Growth	-	-	-5.68%	87.98%	-60.95%
Shares Outstanding (Basic)	18	19	18	15	16
Shares Outstanding (Diluted)	18	19	18	15	16
Shares Change	-3.81%	3.61%	21.32%	-7.43%	-2.28%
EPS (Basic)	-2.94	-6.10	0.98	1.27	0.62
EPS (Diluted)	-2.93	-6.08	0.97	1.25	0.62
EPS Growth	-	-	-22.40%	101.61%	-59.74%
Free Cash Flow	31.74	13.59	5.11	40.65	31.12
Free Cash Flow Per Share	1.75	0.72	0.28	2.73	1.93
Gross Margin	51.23%	52.42%	58.78%	62.04%	60.91%
Operating Margin	-8.04%	-22.02%	7.25%	7.69%	4.46%
Profit Margin	-8.87%	-18.97%	4.24%	5.85%	3.50%
Free Cash Flow Margin	5.29%	2.24%	1.22%	12.63%	10.87%
Effective Tax Rate	-	-	29.73%	27.17%	34.13%
EBITDA	-25.73	-101.41	47.37	37.73	26.89
EBITDA Margin	-4.28%	-16.73%	11.31%	11.73%	9.39%
Depreciation & Amortization	27.82	32.13	17.83	12.98	15.6
EBIT	-53.54	-133.54	29.54	24.75	11.29
EBIT Margin	-8.92%	-22.02%	7.05%	7.69%	3.94%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).