American Public Education Balance Sheet

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
Cash & Equivalents	221	176.5	158.94	144.34	129.46	149.63
Cash & Short-Term Investments	221	176.5	158.94	144.34	129.46	149.63
Cash Growth	17.86%	11.05%	10.11%	11.50%	-13.48%	-34.28%
Accounts Receivable	38.71	65.66	62.47	50.97	42.35	36.03
Other Receivables	3.27	3.46	0.95	0.47	2.87	5.3
Total Trade Receivables	41.98	69.12	63.41	51.45	45.22	41.33
Other Current Assets	19.15	14.2	38.22	21.59	11.41	11.68
Total Current Assets	282.13	259.82	260.57	217.38	186.09	202.64
Net Property, Plant & Equipment	123.73	128.28	168.16	187.53	209.76	180.36
Other Intangible Assets	28.22	28.22	28.22	31.54	54.73	85.08
Goodwill	59.59	59.59	59.59	59.59	112.59	243.49
Other Long-Term Assets	44.25	45.5	53.56	61.35	51.88	14.04
Total Assets	537.91	521.42	570.1	557.39	615.06	725.61
Accounts Payable	8.14	4.82	7.85	8.66	3.81	13.5
Accrued Expenses	44.96	35.84	34.28	28.19	28.79	25.95
Current Portion of Long-Term Debt	5.06	-	-	-	-	8.75
Current Portion of Leases	11.18	11.37	13.55	13.31	14.4	13.71
Unearned Revenue	25.19	23.02	23.47	23.83	23.76	21.78
Total Current Liabilities	94.54	75.05	79.16	73.99	70.76	83.68
Long-Term Debt	83.2	94.67	93.42	94.68	93.15	151.77
Long-Term Leases	54.01	56.92	93.65	96.74	101.42	69.49
Other Long-Term Liabilities	-	-	-	-	-	5.06
Total Long-Term Liabilities	137.21	151.59	187.07	191.42	194.57	226.32
Total Liabilities	231.75	226.64	266.22	265.41	265.33	310
Preferred Stock	-	-	39.69	39.69	39.69	-
Common Stock	0.18	0.18	0.18	0.18	0.19	0.19
Additional Paid-in Capital	305.75	311.12	305.82	299.56	292.85	286.39
Accumulated Other Comprehensive Income	-	-0.02	-0.01	1.64	3.1	0.11
Retained Earnings	0.23	-16.5	-41.81	-49.1	13.89	128.93
Shareholders' Equity	306.17	294.78	303.88	291.98	349.73	415.61
Total Liabilities & Equity	537.91	521.42	570.1	557.39	615.06	725.61
Total Debt	153.46	162.96	200.62	204.73	208.97	243.71
Net Cash (Debt)	67.54	13.54	-41.68	-60.39	-79.51	-94.09
Net Cash Growth	398.86%	-	-	-	-	-
Net Cash Per Share	3.60	0.73	-2.30	-3.32	-4.20	-5.15
Book Value	306.17	294.78	303.88	291.98	349.73	415.61
Book Value Per Share	16.34	15.80	16.74	16.05	18.49	22.77
Tangible Book Value	218.35	206.97	216.07	200.84	182.4	87.04
Tangible Book Value Per Share	11.65	11.09	11.91	11.04	9.64	4.77

SEC Filings: 10-K · 10-Q