APEI - NASDAQ
American Public Education, Inc.
$52.39
+0.21%American Public Education, Inc., together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 certificate programs in various fields of study, including business administration, health science, technology, criminal justice, education, and liberal arts, as well as national security, military studies, intelligence, and homeland security. The company also provides nursing-and health sciences-focused postsecondary education, diploma in practical nursing, an associate degree in nursing, and an associate degree in medical laboratory technology. American Public Education, Inc. was incorporated in 1991 and is headquartered in Charles Town, West Virginia.
At a Glance
Live SnapshotAmerican Public Education, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
American Public Education, Inc. Income Statement
APEI • NASDAQ
| American Public Education, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
648.9M | 624.6M | 600.5M | 606.3M | 418.8M | 321.8M | 286.3M | 297.7M | 299.2M | 313.1M | 327.9M | 350M | 329.5M | 313.5M | 260.4M | 198.2M | 149M | 107.1M | 69.1M | 40M | |
GROSS PROFIT | ||||||||||||||||||||
(313.2M) | (295.7M) | (292.9M) | (288.5M) | (172.6M) | (122.2M) | (111.9M) | (115.3M) | (116.2M) | (117M) | (118.8M) | (123.8M) | (112.8M) | (110.2M) | (95.2M) | (75.3M) | (58.4M) | (43.6M) | (29.5M) | (18M) | |
335.7M | 328.9M | 307.7M | 317.9M | 246.2M | 199.6M | 174.4M | 182.4M | 183.1M | 196.1M | 209.1M | 226.3M | 216.7M | 203.3M | 165.2M | 122.9M | 90.6M | 63.6M | 39.6M | 22.1M | |
OPERATING INCOME | ||||||||||||||||||||
(281.8M) | (295.8M) | (356M) | (455.2M) | (215.8M) | (174.9M) | (153.7M) | (149M) | (146.1M) | (147.1M) | (156.8M) | (160.4M) | (149.3M) | (134.5M) | (102.3M) | (72.8M) | (50.7M) | (37.9M) | (24.9M) | (19.1M) | |
(281.8M) | (270.8M) | (261.2M) | (275M) | (196.7M) | (161M) | (138.1M) | (131.5M) | (127.4M) | (127.8M) | (136.3M) | (144.3M) | (135.8M) | (123.4M) | (93.1M) | (66.3M) | (45.5M) | (33.7M) | (22.1M) | (14M) | |
53.9M | 33.1M | -48.3M | -137.3M | 30.4M | 24.8M | 28.5M | 33.4M | 34.9M | 38.3M | 52.3M | 65.8M | 67.4M | 68.8M | 62.9M | 50M | 39.9M | 25.7M | 14.7M | 2.9M | |
PRE-TAX INCOME | ||||||||||||||||||||
(4.2M) | (2.1M) | (4.5M) | (17.7M) | (4.3M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-4.2M | -2.1M | -4.5M | -17.7M | -4.3M | 1.1M | 3.9M | 2.9M | 185K | 116K | 115K | 361K | 309K | 135K | 109K | 111K | 94K | 706K | 888K | 289K | |
(0.0) | (25M) | (94.8M) | (180.2M) | (19.1M) | (13.8M) | (15.6M) | (17.5M) | (18.8M) | (19.4M) | (20.5M) | (16.1M) | (13.5M) | (11.1M) | (9.2M) | (6.5M) | (5.2M) | (4.2M) | (2.8M) | (5.1M) | |
-10.2M | -2.1M | -9.7M | -13.9M | -5.1M | 1.1M | -4M | 2M | 185K | 116K | 115K | 361K | 309K | 135K | 109K | 111K | 94K | 706K | 888K | 289K | |
43.7M | 30.9M | -58M | -151.3M | 25.3M | 25.8M | 16.7M | 35.4M | 35M | 38.4M | 52.4M | 66.2M | 67.7M | 68.9M | 63M | 50.1M | 40M | 26.4M | 15.6M | 3.2M | |
NET INCOME | ||||||||||||||||||||
(12.1M) | (10.4M) | -10.7M | -36.3M | (7.5M) | (7M) | (5.2M) | (9.3M) | (11.5M) | (14.9M) | (20.1M) | (25.2M) | (25.6M) | (26.5M) | (22.2M) | (20.3M) | (16M) | (10.2M) | (6.8M) | (771K) | |
31.6M | 16.1M | -47.3M | -115M | 17.8M | 18.8M | 10M | 25.6M | 21.1M | 24.2M | 32.4M | 40.9M | 42M | 42.3M | 40.8M | 29.9M | 23.9M | 16.2M | 8.8M | 1.8M |
SEC Filings
APEI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 26, 2026 | May 22, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 09, 2026 | May 22, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 12, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 12, 2026 | 2026 | |
8-K/A 8-K/A 2025 (Amended) N/A | November 12, 2025 | November 10, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 20, 2025 | October 20, 2025 | 2025 |
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