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American Public Education APEI Military+ Segment — Income Tax

Other segment segments

Health+
$208K

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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$939.92M+74.5%
Enterprise value$946.84M+69.7%
P/E20.6×+0.7×
P/S1.4×+0.6×

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:IncomeTaxExpenseBenefit.

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
Corporate and Other(192)(1,688)(1,491)(3,360)
Total consolidated interest income (expense), net$634$(1,108)$(91)$(1,995)
Income tax expense (benefit)
Military+ Segment$7,727$6,030$15,485$13,764
Health+ Segment208(686)374(1,107)
Total reportable segment income tax expense$7,935$5,344$15,859$12,657
Corporate and Other(3,548)(3,923)(9,957)(8,770)
Total consolidated income tax expense$4,387$1,421$5,902$3,887

Item 1. Financial Statements

FAQ

What is American Public Education's military+ segment — income tax?
American Public Education (APEI) reported military+ segment — income tax of $7.73M in Q2 2026.
What does military+ segment — income tax mean?
This represents the portion of the company's total income tax provision attributable to the earnings of the Military+ segment. It helps investors understand the segment's contribution to the overall corporate tax burden.

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