AMERICAN PUBLIC EDUCATION INC (APEI) › Operating IncomeAMERICAN PUBLIC EDUCATION INC (APEI) — Operating IncomeAnnual figures by fiscal year, from SEC filings.2007: $14.69M2008: $25.69M2009: $39.87M2010: $50.02M2011: $62.86M2012: $68.80M2013: $67.44M2014: $65.83M2015: $52.28M2016: $38.28M2017: $34.86M2018: $32.53M2019: $12.76M2020: $24.76M2021: $30.37M2022: -$137.35M2023: -$48.31M2024: $33.07M2025: $47.94M$47.94M2007Operating Income (USD)2025Fiscal YearOperating IncomeChange YoY2025$47.94M+45.0%2024$33.07M+168.5%2023-$48.31M+64.8%2022-$137.35M-552.2%2021$30.37M+22.7%2020$24.76M+94.1%2019$12.76M-60.8%2018$32.53M-6.7%2017$34.86M-8.9%2016$38.28M-26.8%2015$52.28M-20.6%2014$65.83M-2.4%2013$67.44M-2.0%2012$68.80M+9.5%2011$62.86M+25.7%2010$50.02M+25.5%2009$39.87M+55.2%2008$25.69M+74.9%2007$14.69M—Other metrics: RevenueCost of RevenueGross ProfitNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share