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American Public Education APEI RU — Total Revenue

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: American Public Education’s 10-K, filed March 12, 2026.

Filed
Mar 12, 2026, 4:30 PM EDT
Fiscal year
FY2025
Accession
0001201792-26-000004
Line itemAPUSRUHCNCorporate and OtherConsolidated
Instructional services, net of grants and scholarships$300,794$179,699$47,998$26,220$554,711
Graduation fees1,7641,764
Textbook and other course materials32,0088,25540,263
Other fees7452,3796833,807
Total Revenue$303,303$214,086$56,936$26,220$600,545

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is American Public Education's RU — total revenue?
American Public Education (APEI) reported RU — total revenue of $66.63M in Q4 2025.
How has American Public Education's RU — total revenue changed year-over-year?
American Public Education's RU — total revenue increased by 15.9% year-over-year, from $57.49M to $66.63M.
What is the long-term trend for American Public Education's RU — total revenue?
Over 4 years (2021 to 2025), American Public Education's RU — total revenue has grown at a 28.8% compound annual growth rate (CAGR), from $89.48M to $246.23M.
What does RU — total revenue mean?
This metric represents the total gross income generated by the Rasmussen University segment through its educational service offerings. It serves as a primary indicator of the segment's market scale and its contribution to the parent company's consolidated top-line performance.

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