What does military+ segment — revenue mean?

This metric represents the total revenue generated specifically from the Military+ business segment, which serves military-affiliated students. It reflects the company's ability to capture and monetize demand within the specialized defense and veteran education market.

American Public Education (APEI) Military+ Segment — Revenue

Screener

Other segment segments

Health+

$86.22M—

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$84.6M+17.8%

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$3.62B+37.2%

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 item	Military+	Health+	Corporate and Other	Consolidated
Instructional services, net of grants and scholarships	$84,009	$72,278	$(23)	$156,264
Graduation fees	1,241	—	—	1,241
Textbook and other course materials	—	13,050	—	13,050
Other fees	288	888	—	1,176
Total Revenue	$85,538	$86,216	$(23)	$171,731

Item 1. Financial Statements

FAQ

What is American Public Education's military+ segment — revenue?: American Public Education (APEI) reported military+ segment — revenue of $85.54M in Q2 2026.
What does military+ segment — revenue mean?: This metric represents the total revenue generated specifically from the Military+ business segment, which serves military-affiliated students. It reflects the company's ability to capture and monetize demand within the specialized defense and veteran education market.