AMERICAN PUBLIC EDUCATION INC (APEI) › Cost of RevenueAMERICAN PUBLIC EDUCATION INC (APEI) — Cost of RevenueAnnual figures by fiscal year, from SEC filings.2016: $117.01M2017: $116.16M2018: $115.28M2019: $111.92M2020: $122.16M2021: $172.62M2022: $288.47M2023: $292.86M2024: $295.70M2025: $297.02M$297.02M2016Cost of Revenue (USD)2025Fiscal YearCost of RevenueChange YoY2025$297.02M+0.4%2024$295.70M+1.0%2023$292.86M+1.5%2022$288.47M+67.1%2021$172.62M+41.3%2020$122.16M+9.2%2019$111.92M-2.9%2018$115.28M-0.8%2017$116.16M-0.7%2016$117.01M—Other metrics: RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share