APEINasdaqServices-Educational ServicesFiscal year ends December 31

AMERICAN PUBLIC EDUCATION INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$49.35+0.16 (+0.33%)

Close on Oct 19, 2026

Market cap: $928.27M
P/E (TTM): 20.3
Dividend yield: –

AMERICAN PUBLIC EDUCATION INC income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Revenue	649	625	601	606	419	322	286	298	299	313	328	350	329	314	260	198	149	107	69
Cost of Revenue	297	296	293	288	173	122	112	115	116	117	–	–	–	–	–	–	–	–	–
Gross Profit	352	329	308	318	246	200	174	182	183	196	–	–	–	–	–	–	–	–	–
Selling, General & Admin	282	271	261	275	197	161	138	131	127	128	135	144	136	123	93	66	46	34	22
Selling & Marketing	137	129	133	155	93	73	60	57	58	59	62	69	66	60	45	34	20	12	6.77
General & Administrative	145	142	128	120	103	88	78	74	69	69	73	75	70	64	48	32	25	21	15
Advertising Expenses	84	79	83	91	60	51	41	37	–	–	–	51	47	42	29	22	12	–	–
Total Costs & Expenses	601	591	649	744	388	297	274	265	264	275	276	284	262	245	198	148	109	81	54
Operating Income	48	33	-48	-137	30	25	13	33	35	38	52	66	67	69	63	50	40	26	15
Interest Expense	–	–	–	3.90	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11	0.11	0.09	0.71	0.89
Income from Equity Investments	0	-4.41	-5.24	-0.02	-0.83	-0.01	-1.46	-0.52	-2.43	0.70	0.09	-0.17	-0.07	-0.09	–	–	–	–	–
Asset Impairment Charges	0	0	64	147	0	0	7.34	0	0	4.74	0	0	–	–	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.09	–	–	–	–	–
Gain (Loss) on Sale of Assets	-0.44	-0.38	-0.55	-1.18	-1.28	-0.85	-0.56	-0.88	-2.09	-5.97	-0.82	-0.12	-0.06	-0.09	-0.04	-0.13	-0.01	–	–
Pretax Income	44	31	-53	-151	26	26	17	35	35	38	52	66	68	69	63	50	40	26	16
Income Tax Expense	12	10	-11	-36	7.51	7.02	5.19	9.29	11	15	20	25	26	27	22	20	16	10	6.83
Net Income incl. Noncontrolling Interests	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	30	24	16	8.75
Net Income	32	16	-47	-115	18	19	10	26	21	24	32	41	42	42	41	30	24	16	8.75
Net Income to Common	25	10	-53	-115	18	19	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	1.40	0.57	-2.94	-6.10	0.98	1.27	0.62	1.56	1.30	1.50	1.94	2.36	2.38	2.38	2.28	1.63	1.32	0.91	0.69
EPS (Diluted)(per share)	1.36	0.55	-2.93	-6.08	0.97	1.25	0.62	1.54	1.29	1.49	1.93	2.33	2.35	2.35	2.23	1.59	1.27	0.86	0.64
Shares Outstanding (Basic, Weighted)(shares)	18	18	18	19	18	15	16	16	16	16	17	17	18	0.02	18	18	18	18	13
Shares Outstanding (Diluted, Weighted)(shares)	19	18	18	19	18	15	16	17	16	16	17	18	18	0.02	18	19	19	19	14
EBITDA	64	52	-20	-105	48	38	28	50	54	58	73	82	81	80	72	57	45	30	18
Net Interest Income	–	–	–	–	–	–	–	–	0.19	0.12	0.12	0.36	0.31	0.14	0.11	0.11	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 55.9%
Operating margin: 9.6%
Net margin: 6.8%
Return on equity, FY2025: 10.5%

Financial strength

Current ratio: 3.25
Debt to equity: 0.28
Debt to assets: 16.2%
Cash to current liabilities: 168.5%

Valuation

P/E ratio: 20.3
Price to sales: 1.39
Price to book: 2.96
Dividend yield: –