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American Public Education Inc (APEI)

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SEC name AMERICAN PUBLIC EDUCATION INC · CIK 0001201792 · Nasdaq · Services-Educational Services

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, American Public Education Inc reported revenue of $648.86M. Revenue grew 3.9% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $668.01M.

Key ratios (year ended 2025-12-31)

54.2%
Gross margin (computed)
7.4%
Operating margin
4.9%
Net margin
10.7%
Return on year-end equity
3.9%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Headquarters locality: Charles Town · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$668.01M$648.86M$624.56M$600.54M$606.33M$418.80M$321.79M$286.27M$297.69M$299.25M$313.14M
Cost of Revenue$294.92M$297.02M$295.70M$292.86M$288.47M$172.62M$122.16M$111.92M$115.28M$116.16M$117.01M
Gross Profit (computed)$373.09M$351.84M$328.86M$307.68M$317.86M$246.18M$199.62M$174.35M$182.41M$183.09M$196.13M
Operating Income$63.83M$47.94M$33.07M-$48.31M-$137.35M$30.37M$24.76M$12.76M$32.53M$34.86M$38.28M
Depreciation & Amortization$16.18M$16.15M$19.30M$27.82M$32.13M$17.83M$12.98M$15.60M$17.50M$18.78M$19.38M
EBITDA$80.01M$64.08M$52.37M-$20.49M-$105.22M$48.20M$37.74M$28.35M$50.03M$53.63M$57.66M
Net Income$45.67M$31.56M$16.11M-$47.29M-$114.99M$17.75M$18.82M$10.01M$25.64M$21.12M$24.16M
EPS (Diluted)n/a$1.36$0.55-$2.93-$6.08$0.97$1.25$0.62$1.54$1.29$1.49
Total Assets$537.75M$521.42M$570.10M$557.39M$615.06M$725.61M$371.02M$354.90M$370.96M$339.04M$315.62M
Total Liabilities$223.69M$226.64M$266.22M$265.41M$265.33M$310.00M$64.09M$58.16M$49.69M$49.63M$50.95M
Long-Term Debt$87.26M$94.67M$93.42M$94.68M$93.15M$160.52Mn/an/an/an/an/a
Shareholders' Equity$314.06M$294.78M$303.88M$291.98M$349.73M$415.61M$306.93M$296.73M$321.27M$289.41M$264.67M
Cash & Equivalentsn/a$174.09M$131.93M$116.66M$102.52Mn/an/an/an/a$179.21M$146.35M
Operating Cash Flow$85.60M$61.97M$48.87M$45.51M$29.21M$16.27M$44.81M$38.37M$44.18M$47.94M$56.01M
Capital Expenditures$15.53M$15.86M$21.08M$13.89M$16.39M$11.83M$4.93M$7.25M$9.43M$14.79M$16.40M
Free Cash Flow$70.07M$46.10M$27.79M$31.62M$12.83M$4.44M$39.88M$31.11M$34.75M$33.15M$39.62M
Share Repurchases$13.39M$4.26M$4.24M$10.74M$1.54M$3.03M$15.71M$40.51M$1.82M$1.59M$848.0K
Shares Outstanding18.37M18.13M17.71M17.60M18.89M18.71M14.81M15.18M16.43M16.27M16.11M
Weighted Average Diluted Sharesn/a18.66M18.15M18.19M18.91M18.25M15.05M16.25M16.63M16.38M16.21M
EPS (Basic)n/a$1.40$0.57-$2.94-$6.10$0.98$1.27$0.62$1.56$1.30$1.50

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