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American Public Education APEI Textbook and other course materials — Revenue

Other product segments

Instructional services, net of grants and scholarships
$156.26M+4.3%
Graduation fees
$1.24M+36.4%
Other fees
$1.18M-3.7%

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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 textbook and other course materials — revenue?
American Public Education (APEI) reported textbook and other course materials — revenue of $13.05M in Q2 2026.
How has American Public Education's textbook and other course materials — revenue changed year-over-year?
American Public Education's textbook and other course materials — revenue increased by 20.1% year-over-year, from $10.87M to $13.05M.
What is the long-term trend for American Public Education's textbook and other course materials — revenue?
Over 4 years (2021 to 2025), American Public Education's textbook and other course materials — revenue has grown at a 24.0% compound annual growth rate (CAGR), from $20.16M to $47.67M.
What does textbook and other course materials — revenue mean?
This metric represents the total gross revenue generated from the sale or licensing of textbooks, digital courseware, and supplementary educational materials within a specific business segment. It reflects the demand for ancillary academic resources provided to students enrolled in degree programs. Monitoring this revenue stream helps assess the contribution of non-tuition educational products to the overall financial performance of the institution.

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