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American Public Education APEI Health+ — Revenue

Other segment segments

Military+ Segment
$85.54M

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemMilitary+Health+Corporate and OtherConsolidated
Instructional services, net of grants and scholarships$84,009$72,278$(23)$156,264
Graduation fees1,2411,241
Textbook and other course materials13,05013,050
Other fees2888881,176
Total Revenue$85,538$86,216$(23)$171,731

Item 1. Financial Statements

FAQ

What is American Public Education's health+ — revenue?
American Public Education (APEI) reported health+ — revenue of $86.22M in Q2 2026.
What does health+ — revenue mean?
Represents the total gross income generated by the Health+ business segment from educational services and related activities. This metric reflects the segment's market demand and ability to monetize its specific academic offerings.

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