APEI - NASDAQ

American Public Education, Inc.

APEI·NASDAQ

$52.39

+0.21%

Consumer DefensiveEducation & Training Services

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$961.02M

EPS1.4000

P/E Ratio37.42

Earnings Date08/05/2026

543.43M

Assets

-5%

3Y-21.0%

5Y+46.0%

10Y+69.0%

248.65M

Total Liabilities

-7%

3Y-26.0%

5Y+288.0%

10Y+344.0%

294.78M

Total Equity

-3%

3Y-16.0%

5Y-4.0%

10Y+11.0%

American Public Education, Inc. Funding & Solvency Profile

APEI · NASDAQ

Current Assets

Cash & Cash Equivalents176.50M

Net Receivables65.66M

Inventory0.00

Other Current Assets17.66M

Total Current Assets260 M

Non-Current Assets

Property, Plant & Equipment128.28M

Goodwill & Intangible Assets87.81M

Long-Term Investments0.00

Other Non-Current Assets6.33M

Total Non-Current Assets135 M

Total Assets

543.43M

Financial Health Analysis

Current Ratio

3.46x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.84x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

185 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

48% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

American Public Education, Inc. Balance Sheet

APEI • NASDAQ

American Public Education, Inc. Balance Sheet	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
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	176.5M	131.9M	116.7M	129.5M	122.6M	226.5M	202.7M	212.1M	179.2M	146.4M	105.7M	115.6M	94.8M	114.9M	119M	81.4M	74.9M	47.7M	27M	11.7M
Cash & Short-Term Investments	176.5M	131.9M	116.7M	129.5M	122.6M	226.5M	202.7M	212.1M	179.2M	146.4M	105.7M	115.6M	94.8M	114.9M	119M	81.4M	74.9M	47.7M	27M	11.7M
Net Receivables	65.7M	63.4M	51.4M	45.2M	41.3M	17.7M	13.1M	15M	7.1M	6.9M	7.9M	8.2M	12.7M	15.4M	11.1M	11M	9.5M	7.5M	6M	6.1M
Accounts Receivables	65.7M	62.5M	51M	42.4M	36M	17.7M	11.3M	14.1M	7.1M	6.9M	7.9M	6.1M	9.5M	10.4M	9.5M	10.3M	8.7M	6.2M	4.9M	5.4M
Other Receivables	0.0	949K	474K	2.9M	5.3M	0.0	1.8M	898K	0.0	0.0	0.0	2M	3.2M	5M	1.6M	780K	863K	1.3M	1.1M	679K
Inventory	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	6.5M	0.0	0.0	0.0	0.0	0.0	1.2M
Prepaids	0.0	13.7M	13M	11.4M	11.7M	6.5M	7.1M	5.5M	4.8M	5.3M	6.3M	6.4M	5.6M	4.3M	5M	4.2M	3M	2.2M	1.6M	856K
Other Current Assets	17.7M	51.5M	36.2M	0.0	27M	1.2M	0.0	0.0	0.0	0.0	6.7M	6M	3.4M	6.5M	3.7M	1.4M	999K	640K	309K	332K
Total Current Assets	259.8M	260.6M	217.4M	186.1M	202.6M	251.8M	222.9M	232.6M	191.1M	163.7M	131.1M	136.2M	116.6M	141.1M	138.7M	98M	88.4M	58M	34.8M	19M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	128.3M	168.2M	187.5M	209.8M	180.4M	77.2M	90.2M	86.9M	92.4M	97.7M	109.3M	102.4M	90.7M	82.8M	58.8M	42.4M	25.3M	19.6M	13.4M	9.4M
Goodwill	59.6M	59.6M	59.6M	112.6M	243.5M	26.6M	26.6M	33.9M	33.9M	38.6M	38.6M	38.6M	38.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	28.2M	28.2M	31.5M	54.7M	85.1M	3.7M	4M	3.7M	4.6M	-4.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	87.8M	87.8M	91.1M	167.3M	328.6M	30.3M	30.6M	37.6M	38.5M	33.9M	38.6M	38.6M	38.1M	-502K	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	2.6M	4.5M	-5.1M	10.5M	10.5M	12M	12.5M	14.6M	15.9M	12.1M	10.6M	6.7M	0.0	0.0	0.0	0.0	0.0	0.0
Tax Assets	61.2M	47.3M	51.4M	105.5M	5.1M	0.0	3.4M	5.4M	6.3M	5.1M	6.7M	6M	3.4M	6.5M	3.7M	1.4M	999K	640K	309K	0.0
Other Non-Current Assets	6.3M	6.2M	7.4M	12M	14M	1.3M	-2.7M	278K	2.9M	5.7M	2.2M	2.5M	12.2M	1M	-2.2M	52K	1.1M	547K	466K	394K
Total Non-Current Assets	283.6M	309.5M	340M	499.2M	523M	119.2M	132M	138.4M	147.9M	157M	172.8M	161.7M	155.1M	96.5M	60.2M	43.8M	27.4M	20.8M	14.1M	9.8M
Total Assets	543.4M	570.1M	557.4M	685.3M	725.6M	371M	354.9M	371M	339M	320.7M	303.9M	297.9M	271.7M	237.6M	198.9M	141.8M	115.8M	78.8M	49M	28.8M
LIABILITIES
CURRENT LIABILITIES
Total Payables	4.8M	7.8M	8.7M	3.8M	13.5M	3.9M	3.5M	9.1M	10.6M	7.4M	6.9M	11M	11.6M	17.3M	16.3M	9.4M	6.8M	4.9M	2.5M	1.5M
Accounts Payable	4.8M	7.8M	8.7M	3.8M	13.5M	3.8M	3.5M	9.1M	8.8M	6.9M	6.3M	11M	11.6M	17.3M	16.3M	9.4M	6.8M	4.9M	2.5M	1.5M
Other Payables	0.0	0.0	0.0	0.0	0.0	178K	0.0	0.0	1.7M	559K	682K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	13.7M	11.5M	15M	10.8M	11M	8.3M	13.1M	3.6M	14.1M	14.1M	13.4M	17.9M	12M	14.5M	9.3M	3.1M	1.8M	4.3M	3.2M
Short Term Debt	11.4M	0.0	0.0	14.4M	22.5M	0.0	2.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	29K
Capital Lease Obligations (Current)	0.0	13.6M	13.3M	0.0	13.7M	2.4M	2.3M	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
Tax Payables	0.0	0.0	0.0	0.0	0.0	178K	0.0	0.0	1.7M	559K	682K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	23M	23.5M	23.8M	23.8M	21.8M	22.1M	17.4M	18.3M	19.4M	20.6M	29.7M	23.8M	24.8M	25.8M	25.9M	18.8M	14.2M	9.6M	3.8M	3.9M
Other Current Liabilities	35.8M	20.5M	16.7M	13.8M	1.4M	15.7M	11.5M	3.8M	9.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.9M	5.3M	2.8M	8K
Total Current Liabilities	75.1M	79.2M	74M	70.8M	83.7M	55.1M	45.3M	44.3M	43.4M	42.2M	50.8M	48.3M	54.3M	55.1M	56.7M	37.6M	29M	21.6M	13.4M	8.5M
NON-CURRENT LIABILITIES
Long Term Debt	94.7M	93.4M	94.7M	93.2M	151.8M	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	1.9M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	-5.1M	0.0	-3.4M	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
Deferred Tax Liabilities (Non-Current)	22M	0.0	0.0	70.2M	5.1M	2.6M	3.4M	5.4M	6.3M	13.9M	15.9M	15.4M	10.3M	11.4M	8.4M	7M	4.8M	3.7M	2.1M	1.4M
Other Non-Current Liabilities	0.0	0.0	0.0	0.0	5.1M	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
Total Non-Current Liabilities	173.6M	187.1M	191.4M	264.8M	226.3M	9M	12.9M	5.4M	6.3M	13.9M	15.9M	15.4M	10.3M	11.4M	8.4M	7M	4.8M	3.7M	2.1M	3.4M
Capital Lease Obligations	56.9M	107.2M	110M	101.4M	83.2M	8.8M	11.8M	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
Total Liabilities	248.7M	266.2M	265.4M	335.5M	310M	64.1M	58.2M	49.7M	49.6M	56M	66.7M	63.7M	64.6M	66.5M	65.1M	44.5M	33.7M	25.3M	15.5M	11.9M
SHAREHOLDERS' EQUITY
Treasury Stock	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	-20M	0.0	-295K	0.0	0.0
Preferred Stock	0.0	39.7M	39.7M	39.7M	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	0.0
Common Stock	181K	177K	176K	189K	187K	148K	152K	164K	163K	161K	160K	172K	176K	178K	178K	186K	183K	180K	177K	118K
Additional Paid-In Capital	311.1M	305.8M	299.6M	292.9M	286.4M	195.6M	190.6M	187.2M	180.7M	177.1M	173.7M	169.7M	164.9M	157.4M	147.1M	141.8M	136.4M	132.1M	128M	26.4M
Retained Earnings	-16.5M	-41.8M	-49.1M	13.9M	128.9M	111.2M	106M	133.9M	108.6M	87.4M	63.3M	64.4M	42M	13.5M	-13.4M	-24.7M	-54.5M	-78.5M	-94.7M	-9.7M
Accumulated Other Comprehensive Income/Loss	-18K	-7K	1.6M	3.1M	108K	0.0	0.0	-114.4M	-99.2M	-86.7M	-76.8M	-64.1M	-50.8M	-38.4M	-28.5M	-20.4M	-14.6M	-10.7M	-6.5M	0.0
Other Total Stockholders' Equity	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	0.0	0.0	0.0	0.0	90.2M
Total Stockholders' Equity	294.8M	303.9M	292M	349.7M	415.6M	306.9M	296.7M	321.3M	289.4M	264.7M	237.2M	234.2M	207.1M	171.2M	133.8M	97.3M	82M	53.5M	33.5M	16.8M
Total Equity	294.8M	303.9M	292M	349.7M	415.6M	306.9M	296.7M	321.3M	289.4M	264.7M	237.2M	234.2M	207.1M	171.2M	133.8M	97.3M	82M	53.5M	33.5M	16.8M
SUMMARY
Total Liabilities & Equity	543.4M	570.1M	557.4M	685.3M	725.6M	371M	354.9M	371M	339M	320.7M	303.9M	297.9M	271.7M	237.6M	198.9M	141.8M	115.8M	78.8M	49M	28.8M
Total Investments	0.0	0.0	2.6M	4.5M	-5.1M	10.5M	10.5M	12M	12.5M	14.6M	15.9M	12.1M	10.6M	6.7M	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	163M	200.6M	204.7M	209M	257.4M	8.8M	11.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2M
Net Debt	-13.5M	68.7M	88.1M	79.5M	134.8M	-217.6M	-191M	-212.1M	-179.2M	-146.4M	-105.7M	-115.6M	-94.8M	-114.9M	-119M	-81.4M	-74.9M	-47.7M	-27M	-9.7M
Shares Outstanding	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134	18,067,134

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	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 11, 2026	May 11, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 09, 2026	May 22, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 12, 2026	March 12, 2026	2026	View Filing
8-K/A 8-K/A 2025 (Amended) N/A	November 12, 2025	November 10, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 10, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 10, 2025	November 10, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 20, 2025	October 20, 2025	2025	View Filing

Showing 1 to 10 of 278 filings

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