American Public Education, Inc. (APEI)
NASDAQ: APEI · Real-Time Price · USD
57.36
+0.36 (0.63%)
At close: Apr 28, 2026, 4:00 PM EDT
57.43
+0.07 (0.12%)
After-hours: Apr 28, 2026, 7:10 PM EDT

American Public Education Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Revenue
648.86624.56600.55606.33418.8
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Revenue Growth (YoY)
3.89%4.00%-0.95%44.78%30.15%
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Cost of Revenue
297.02295.7292.86288.47172.62
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Gross Profit
351.84328.86307.68317.86246.18
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Selling, General & Admin
281.83269.97261.19273.6189.1
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Operating Expenses
297.98289.27289.01305.73206.93
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Operating Income
53.8639.5818.6712.1339.25
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Interest Expense
-4.23-2.13-4.46-17.73-4.28
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Earnings From Equity Investments
--4.41-5.24-0.02-0.83
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EBT Excluding Unusual Items
49.6333.058.98-5.6234.15
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Merger & Restructuring Charges
--0.8--1.4-7.6
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Gain (Loss) on Sale of Assets
-5.85-2-2.98-1.18-1.28
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Asset Writedown
---64-146.9-
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Other Unusual Items
-0.08-3.72-3.83-
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Pretax Income
43.7126.53-58-151.2725.26
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Income Tax Expense
12.1510.42-10.72-36.287.51
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Net Income
31.5616.11-47.29-114.9917.75
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Preferred Dividends & Other Adjustments
6.256.066.010.05-
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Net Income to Common
25.3110.06-53.29-115.0417.75
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Net Income Growth
95.85%----5.68%
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Shares Outstanding (Basic)
1818181918
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Shares Outstanding (Diluted)
1918181918
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Shares Change (YoY)
2.82%0.20%-3.96%3.31%21.32%
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EPS (Basic)
1.400.57-2.94-6.100.98
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EPS (Diluted)
1.360.55-2.94-6.100.97
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EPS Growth
147.27%----22.40%
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Free Cash Flow
46.127.7931.6212.834.44
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Free Cash Flow Per Share
2.471.531.750.680.24
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Gross Margin
54.22%52.65%51.23%52.42%58.78%
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Operating Margin
8.30%6.34%3.11%2.00%9.37%
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Profit Margin
3.90%1.61%-8.87%-18.97%4.24%
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Free Cash Flow Margin
7.11%4.45%5.27%2.11%1.06%
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EBITDA
70.0158.8946.4944.2657.09
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EBITDA Margin
10.79%9.43%7.74%7.30%13.63%
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D&A For EBITDA
16.1519.327.8232.1317.83
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EBIT
53.8639.5818.6712.1339.25
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EBIT Margin
8.30%6.34%3.11%2.00%9.37%
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Effective Tax Rate
27.79%39.27%--29.73%
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Advertising Expenses
84.478.682.690.560.3
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Source: S&P Capital IQ. Standard template. Financial Sources.