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American Public Education APEI Health+ — Number of states

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WTRGNumber Of States
20.0%

Other financials

Income statement

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Revenue$174.7M+6.2%
Gross profit$100.1M+11.7%
Operating income$21.6M+76.7%
Net income$17.7M+99.4%
EPS (diluted)$0.94+129%

Balance sheet

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Cash & equivalents$221.0M+17.9%
Total debt$153.5M-22.8%
Total equity$306.2M-1.2%
Total assets$537.9M-7.0%

Cash flow

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Operating cash flow$63.3M+71.1%
CapEx$2.5M-35.2%
Free cash flow$60.8M+83.6%

Valuation

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Market cap$956.25M+82.7%
Enterprise value$888.71M+66.7%
P/E23.7×+0.9×
P/S1.5×+0.6×

Profitability

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Gross margin55%+2.0pp
Operating margin8.7%+2.4pp
Net margin6.1%+2.5pp
FCF margin9.4%

Returns & leverage

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Return on equity13.1%+5.4pp
Debt / equity0.5×-0.1×
Current ratio-0.3×

Where this comes from

Reported directly by American Public Education in its filing.

Tagged under the XBRL concept apei:NumberOfStates.

The official record: American Public Education’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Public Education's health+ — number of states?
American Public Education (APEI) reported health+ — number of states of 8 in Q1 2026.
What does health+ — number of states mean?
The number of distinct geographic jurisdictions where the Health+ segment maintains active educational operations. It indicates the breadth of the segment's regulatory and market presence across different regions.