APEI
American Public Education, Inc.
NASDAQ · Consumer Defensive · Education & Training Services · US
$45.36
−0.04%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 668.0M | 648.9M | 624.6M | 600.5M | 606.3M |
| Cost of Revenue | 303.2M | 313.2M | 295.7M | 292.9M | 288.5M |
| Gross Profit | 364.8M | 335.7M | 328.9M | 307.7M | 317.9M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 288.8M | 281.8M | 270.8M | 261.2M | 275.0M |
| General & Admin Expense | 143.8M | 144.6M | 142.0M | 128.2M | 120.4M |
| Selling & Marketing Expense | 145.0M | 137.3M | 128.8M | 133.0M | 154.6M |
| Other Expenses | 11.9M | — | 25.0M | 94.8M | 180.2M |
| Total Operating Expenses | 300.7M | 281.8M | 295.8M | 356.0M | 455.2M |
| Cost and Expenses | 603.9M | 595.0M | 591.5M | 648.9M | 743.7M |
| Operating Income (EBIT) | 64.1M | 53.9M | 33.1M | (48.3M) | (137.3M) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 3.0M | 4.2M | 2.1M | 4.5M | 17.7M |
| Net Interest Income | (3.0M) | (4.2M) | (2.1M) | (4.5M) | (17.7M) |
| Other Non-Op Income/Expense | (4.2M) | (10.2M) | (2.1M) | (9.7M) | (13.9M) |
| Non-Operating Income (excl Interest) | (2.8M) | 5.9M | — | 5.2M | (3.8M) |
| EBT (Pre-Tax Income) | 59.8M | 43.7M | 30.9M | (58.0M) | (151.3M) |
| Income Tax Expense | 14.2M | 12.1M | 10.4M | (10.7M) | (36.3M) |
| Bottom Line | |||||
| Net Income | 45.7M | 31.6M | 16.1M | (47.3M) | (115.0M) |
| Earnings from Cont. Ops | 45.7M | 31.6M | 20.5M | (47.3M) | (115.0M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 45.7M | 25.3M | 10.1M | (53.3M) | (115.0M) |
| Per Share | |||||
| Basic EPS | $2.51 | $1.40 | $0.57 | ($2.94) | ($6.10) |
| Diluted EPS | $2.43 | $1.36 | $0.55 | ($2.94) | ($6.08) |
| Revenue Per Share | $36.38 | $36.03 | $35.44 | $33.16 | $32.15 |
| Shares | |||||
| Basic Shares Outstanding | 18.4M | 18.0M | 17.6M | 18.1M | 18.9M |
| Diluted Shares Outstanding | 18.8M | 18.7M | 18.1M | 18.2M | 18.9M |
| Profitability Metrics | |||||
| EBITDA | 83.0M | 64.1M | 52.4M | (25.7M) | (101.4M) |
| D&A | 16.2M | 16.1M | 19.3M | 27.8M | 32.1M |
| EBIT | 66.8M | 47.9M | 33.1M | (53.5M) | (133.5M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026