American Public Education, Inc. (APEI)
NASDAQ: APEI · Real-Time Price · USD
52.41
+0.55 (1.07%)
Jun 9, 2026, 4:00 PM EDT - Market closed
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 659.05 | 648.86 | 624.56 | 600.55 | 606.33 | 418.8 | |
Revenue Growth (YoY) | 3.84% | 3.89% | 4.00% | -0.95% | 44.78% | 30.15% |
Cost of Revenue | 296.71 | 297.02 | 295.7 | 292.86 | 288.47 | 172.62 |
Gross Profit | 362.34 | 351.84 | 328.86 | 307.68 | 317.86 | 246.18 |
Selling, General & Admin | 284.38 | 281.83 | 270.77 | 261.19 | 275 | 196.7 |
Depreciation & Amortization Expenses | 16.31 | 16.15 | 19.3 | 27.82 | 32.13 | 17.83 |
Other Operating Expenses | 4.4 | 5.93 | 5.72 | 66.98 | 148.08 | 1.28 |
Total Operating Expenses | 305.09 | 303.91 | 295.79 | 355.99 | 455.2 | 215.81 |
Operating Income | 40.61 | 47.94 | 33.07 | -48.31 | -137.35 | 30.37 |
Total Non-Operating Income (Expense) | -5.74 | -4.23 | -2.13 | -4.46 | -13.9 | -4.28 |
Pretax Income | 51.59 | 43.71 | 30.94 | -52.77 | -151.25 | 26.09 |
Provision for Income Taxes | 11.2 | 12.15 | 10.42 | -10.72 | -36.28 | 7.51 |
Net Income | 40.4 | 31.56 | 20.52 | -42.05 | -114.97 | 18.58 |
Minority Interest in Earnings | - | - | 4.41 | 5.24 | 0.02 | 0.83 |
Net Income Attributable to Preferred Dividends | 4.82 | 6.25 | 6.06 | 6.01 | 0.05 | - |
Net Income to Common | 35.58 | 25.31 | 10.06 | -53.29 | -115.04 | 17.75 |
Net Income Growth | 91.91% | 151.62% | - | - | - | -5.68% |
Shares Outstanding (Basic) | 18 | 18 | 18 | 18 | 19 | 18 |
Shares Outstanding (Diluted) | 19 | 19 | 18 | 18 | 19 | 18 |
Shares Change (YoY) | 2.45% | 2.82% | -0.24% | -3.81% | 3.61% | 21.32% |
EPS (Basic) | 1.96 | 1.40 | 0.57 | -2.94 | -6.10 | 0.98 |
EPS (Diluted) | 1.89 | 1.36 | 0.55 | -2.93 | -6.08 | 0.97 |
EPS Growth | 85.29% | 147.27% | - | - | - | -22.40% |
Free Cash Flow | 73.78 | 46.1 | 27.79 | 31.62 | 12.83 | 4.44 |
Free Cash Flow Growth | 60.04% | 65.89% | -12.11% | 146.52% | 189.07% | -88.88% |
Free Cash Flow Per Share | 3.94 | 2.47 | 1.53 | 1.74 | 0.68 | 0.24 |
Gross Margin | 54.98% | 54.22% | 52.65% | 51.23% | 52.42% | 58.78% |
Operating Margin | 6.16% | 7.39% | 5.29% | -8.04% | -22.65% | 7.25% |
Profit Margin | 6.13% | 4.86% | 3.29% | -7.00% | -18.96% | 4.44% |
FCF Margin | 11.20% | 7.10% | 4.45% | 5.27% | 2.12% | 1.06% |
EBITDA | 56.92 | 64.08 | 52.37 | -20.49 | -105.22 | 48.2 |
EBITDA Margin | 8.64% | 9.88% | 8.38% | -3.41% | -17.35% | 11.51% |
EBIT | 40.61 | 47.94 | 33.07 | -48.31 | -137.35 | 30.37 |
EBIT Margin | 6.16% | 7.39% | 5.29% | -8.04% | -22.65% | 7.25% |
Effective Tax Rate | 21.70% | 27.80% | 33.68% | 20.31% | 23.98% | 28.78% |