What is American Public Education's revenue?

American Public Education (APEI) generated $659.0M in revenue over the trailing twelve months, up 3.8% year over year.

Is American Public Education profitable?

American Public Education reported $40.4M in net income over the trailing twelve months, a 6.1% net margin.

What are American Public Education's profit margins?

Gross margin is 55.0% and operating margin is 8.7%, with a 6.1% net margin.

What is American Public Education's earnings per share?

American Public Education's diluted EPS over the trailing twelve months is $1.89.

Where does American Public Education's income statement data come from?

Every line is extracted from American Public Education's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

American Public Education APEI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$659.05M+1.6%	$648.86M-0.9%	$654.64M+1.6%	$644.55M+1.6%	$634.68M+1.6%
Total cost of revenue	$296.71M-0.1%	$297.02M-0.9%	$299.73M-0.2%	$300.43M+0.7%	$298.22M+0.9%
Gross profit	$362.34M+3.0%	$351.84M-0.9%	$354.92M+3.1%	$344.12M+2.3%	$336.46M+2.3%
Gross margin	55%+0.8pp	54.2%0.0pp	54.2%+0.8pp	53.4%+0.4pp	53%+0.4pp
Selling and marketing	$139.91M+1.9%	$137.25M+1.3%	$135.45M+2.0%	$132.77M+0.9%	$131.56M+2.1%
General and administrative	$144.47M-0.1%	$144.58M-0.6%	$145.47M-0.2%	$145.81M+2.6%	$142.09M+0.1%
Depreciation and amortization	$16.31M+1.0%	$16.15M+1.6%	$15.89M-6.7%	$17.02M-6.3%	$18.17M-5.9%
Total costs & expenses	$601.72M+0.1%	$600.93M-0.5%	$604.14M+0.8%	$599.61M+0.9%	$594.55M+0.5%
Operating income	$57.33M+19.6%	$47.94M-5.1%	$50.5M+12.4%	$44.94M+12.0%	$40.13M+21.4%
Operating margin	8.7%+1.3pp	7.4%-0.3pp	7.7%+0.7pp	7%+0.6pp	6.3%+1.0pp
Interest expense	-$4.07M+3.8%	-$4.23M-15.9%	-$3.65M-13.6%	-$3.21M-11.2%	-$2.89M-35.8%
Gain (loss) on extinguishment of debt	——	——	——	——	——
Gain (loss) on disposal of assets	$0+100%	-$1.53M+51.4%	-$3.15M0.0%	-$3.15M0.0%	-$3.15M-94.4%
Income before income taxes	$51.59M+18.0%	$43.71M-6.7%	$46.85M+12.3%	$41.72M+12.0%	$37.24M+20.4%
Income tax expense	$11.2M-7.8%	$12.15M-18.7%	$14.94M+14.0%	$13.11M+12.3%	$11.67M+12.0%
Net income	$40.4M+28.0%	$31.56M+3.6%	$30.45M+12.1%	$27.16M+17.9%	$23.03M+57.2%
Net margin	6.1%+1.3pp	4.9%+0.2pp	4.7%+0.4pp	4.2%+0.6pp	3.6%+1.3pp
Diluted earnings per share	$1.89+39.0%	$1.36+3.0%	$1.32+24.5%	$1.06+3.9%	$1.02+85.5%
Basic earnings per share	$1.96+39.0%	$1.41+3.7%	$1.36+24.8%	$1.09+4.8%	$1.04+85.7%
Weighted-average shares, diluted	74.8M+0.5%	74.4M+0.7%	73.9M+0.7%	73.4M+0.6%	72.9M+0.8%
Weighted-average shares, basic	72.4M+0.6%	72M+0.5%	71.6M+0.5%	71.2M+0.6%	70.8M+0.5%
Impairment of assets held for sale	——	——	——	——	$2.74M+69.4%
Interest Income (Expense), Nonoperating	-$4.07M+3.8%	-$4.23M-15.9%	-$3.65M-13.6%	-$3.21M-11.2%	-$2.89M-35.8%
Gain/(loss) on dispositions, net	-$368K+17.1%	-$444K+12.1%	-$505K-15.8%	-$436K+25.5%	-$585K-52.7%
Income taxes paid	$6.83M+4.8%	$6.52M-2.4%	$6.67M+10.0%	$6.07M+5.3%	$5.77M-8.5%
Accounts payable	$1.46M+179%	-$1.85M-17.3%	-$1.58M-151%	$3.07M+500%	$511K+163%
Increase (Decrease) in Accounts Receivable	-$1.04M-119%	$5.32M+57.2%	$3.39M+370%	-$1.26M+53.5%	-$2.7M-123%
Accrued liabilities	$3.29M+1,295%	-$275K—	——	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$61.01M-22.6%	-$49.77M+3.0%	-$51.32M+2.8%	-$52.78M-320%	-$12.56M+4.8%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	——	——	$5.68M+131%	-$18.27M+13.4%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	——	——	$75.12M+11.3%	$67.48M+3.6%	$65.13M+33.3%
Payments for Repurchase of Common Stock	$9.28M+118%	$4.26M+8.1%	$3.94M+3.0%	$3.83M+0.1%	$3.82M-9.8%
Payments to Acquire Property, Plant, and Equipment	$14.49M-8.7%	$15.86M+4.7%	$15.15M-12.3%	$17.27M-8.0%	$18.77M-11.0%
Proceeds From Sale Of Buildings	$22.46M-2.2%	$22.96M0.0%	$22.96M0.0%	$22.95M+4,490%	$500K—
Redeemable Preferred Stock Dividends	$1.32M-52.1%	$2.75M-34.7%	$4.21M-26.7%	$5.74M-3.6%	$5.95M-1.7%
Revenue From Contract With Customer Excluding Assessed Tax	$659.05M+1.6%	$648.86M-0.9%	$654.64M+1.6%	$644.55M+1.6%	$634.68M+1.6%
Stock-based compensation	$8.42M+0.8%	$8.35M+0.6%	$8.3M-1.5%	$8.43M+5.2%	$8.01M+4.5%
EBIT	$57.33M+19.6%	$47.94M-5.1%	$50.5M+12.4%	$44.94M+12.0%	$40.13M+21.4%
EBITDA	$73.64M+14.9%	$64.08M-3.5%	$66.39M+7.2%	$61.96M+6.3%	$58.3M+11.3%
EBITDA	$73.64M+14.9%	$64.08M-3.5%	$66.39M+7.2%	$61.96M+6.3%	$58.3M+11.3%
EBITDA margin	11.2%+1.3pp	9.9%-0.3pp	10.1%+0.5pp	9.6%+0.4pp	9.2%+0.8pp
EBIT	$57.33M+19.6%	$47.94M-5.1%	$50.5M+12.4%	$44.94M+12.0%	$40.13M+21.4%

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Questions, answered.

What is American Public Education's revenue?: American Public Education (APEI) generated $659.0M in revenue over the trailing twelve months, up 3.8% year over year.
Is American Public Education profitable?: American Public Education reported $40.4M in net income over the trailing twelve months, a 6.1% net margin.
What are American Public Education's profit margins?: Gross margin is 55.0% and operating margin is 8.7%, with a 6.1% net margin.
What is American Public Education's earnings per share?: American Public Education's diluted EPS over the trailing twelve months is $1.89.
Where does American Public Education's income statement data come from?: Every line is extracted from American Public Education's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.