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American Public Education APEI Health+ — Operating Income (Loss)

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Other financials

Income statement

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Revenue$171.7M+5.5%
Gross profit$95.1M+12.7%
Operating income$13.5M+92.5%
Net income$9.8M+117%
EPS (diluted)$0.52+2,700%

Balance sheet

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Cash & equivalents$146.5M-17.0%
Total debt$153.5M-21.6%
Total equity$314.1M+15.4%
Total assets$537.7M+0.1%

Cash flow

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Operating cash flow$12.1M-18.0%
CapEx$4.7M+28.2%
Free cash flow$7.4M-33.4%

Valuation

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Market cap$931.48M+63.8%
Enterprise value$938.4M+59.6%
P/E20.4×-0.6×
P/S1.4×+0.5×

Profitability

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Gross margin55.9%+2.5pp
Operating margin9.6%+2.6pp
Net margin6.8%+2.6pp
FCF margin9.4%

Returns & leverage

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Return on equity15.6%+5.9pp
Debt / equity0.5×-0.2×
Current ratio3.2×+0.4×

Where this comes from

Reported directly by American Public Education in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: American Public Education’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001201792-26-000012
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Selling and promotional21,58618,08142,31836,480
General and administrative12,75412,33425,68124,384
Other (2)2,4302,6855,1645,527
Income (loss) from operations before interest and income taxes$308$(2,378)$825$(3,196)
Corporate and Other
Revenue (4)$(23)$3,380$(84)$7,058
Instructional costs and services2,972(23)6,151
Selling and promotional2251,0224242,127

Item 1. Financial Statements

FAQ

What is American Public Education's health+ — operating income (loss)?
American Public Education (APEI) reported health+ — operating income (loss) of $308K in Q2 2026.
What does health+ — operating income (loss) mean?
The profit or loss generated by the Health+ segment after deducting all operating expenses from its revenue. This is the primary indicator of the segment's core financial performance and operational viability.

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