APEI
Income statement / Annual
Last year (2025), American Public Education Inc's total revenue was $648.86 M,
an increase of 3.89% from the previous year.
In 2025, American Public Education Inc's net income was $31.56 M.
See American Public Education Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$648.86 M |
$624.56 M |
$600.55 M |
$606.33 M |
$418.80 M |
$321.79 M |
$286.27 M |
$297.69 M |
$299.25 M |
$313.14 M |
| Cost of Revenue |
$313.17 M
|
$295.70 M
|
$292.86 M
|
$288.47 M
|
$172.62 M
|
$122.16 M
|
$111.92 M
|
$115.28 M
|
$116.16 M
|
$117.01 M
|
| Gross Profit |
$335.69 M
|
$328.86 M
|
$307.68 M
|
$317.86 M
|
$246.18 M
|
$199.62 M
|
$174.35 M
|
$182.41 M
|
$183.09 M
|
$196.13 M
|
| Gross Profit Ratio |
0.52
|
0.53
|
0.51
|
0.52
|
0.59
|
0.62
|
0.61
|
0.61
|
0.61
|
0.63
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$144.58 M
|
$141.96 M
|
$128.24 M
|
$120.35 M
|
$103.38 M
|
$88.04 M
|
$78.08 M
|
$74.46 M
|
$69.02 M
|
$68.67 M
|
| Selling & Marketing Expenses |
$137.25 M
|
$128.81 M
|
$132.96 M
|
$154.65 M
|
$93.32 M
|
$72.99 M
|
$60.03 M
|
$57.04 M
|
$58.34 M
|
$59.10 M
|
| Selling, General & Administrative Expenses |
$281.83 M
|
$270.77 M
|
$261.19 M
|
$275.00 M
|
$196.70 M
|
$161.03 M
|
$138.11 M
|
$131.50 M
|
$127.36 M
|
$127.76 M
|
| Other Expenses |
$0.00
|
$25.02 M
|
$94.80 M
|
$180.20 M
|
$19.11 M
|
$13.84 M
|
$15.60 M
|
$17.50 M
|
$18.78 M
|
$19.38 M
|
| Operating Expenses |
$281.83 M
|
$295.79 M
|
$355.99 M
|
$455.20 M
|
$215.81 M
|
$174.87 M
|
$153.71 M
|
$149.00 M
|
$146.14 M
|
$147.15 M
|
| Cost And Expenses |
$595.00 M
|
$591.49 M
|
$648.85 M
|
$743.68 M
|
$388.43 M
|
$297.03 M
|
$265.62 M
|
$264.28 M
|
$262.30 M
|
$264.16 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.09 M
|
$3.91 M
|
$2.92 M
|
$185.00 K
|
$116.00 K
|
| Interest Expense |
$4.23 M
|
$2.13 M
|
$4.46 M
|
$17.73 M
|
$4.28 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$16.15 M
|
$19.30 M
|
$27.82 M
|
$32.13 M
|
$17.83 M
|
$12.98 M
|
$15.60 M
|
$17.50 M
|
$18.78 M
|
$19.38 M
|
| EBITDA |
$64.08 M |
$52.37 M |
-$25.73 M |
-$101.39 M |
$47.37 M |
$38.59 M |
$44.14 M |
$51.79 M |
$55.73 M |
$68.37 M |
| EBITDA Ratio |
0.1
|
0.08
|
-0.04
|
-0.17
|
0.11
|
0.12
|
0.15
|
0.17
|
0.19
|
0.22
|
| Operating Income Ratio |
0.08
|
0.05
|
-0.08
|
-0.23
|
0.07
|
0.08
|
0.1
|
0.11
|
0.12
|
0.12
|
| Total Other Income/Expenses Net |
-$10.16 M
|
-$2.13 M
|
-$9.70 M
|
-$13.92 M
|
-$5.11 M
|
$1.09 M
|
-$3.98 M
|
$2.03 M
|
$185.00 K
|
$116.00 K
|
| Income Before Tax |
$43.71 M
|
$30.94 M
|
-$58.00 M
|
-$151.27 M
|
$25.26 M
|
$25.85 M
|
$16.66 M
|
$35.44 M
|
$35.04 M
|
$38.39 M
|
| Income Before Tax Ratio |
0.07
|
0.05
|
-0.1
|
-0.25
|
0.06
|
0.08
|
0.06
|
0.12
|
0.12
|
0.12
|
| Income Tax Expense |
$12.15 M
|
$10.42 M
|
-$10.72 M
|
-$36.28 M
|
$7.51 M
|
$7.02 M
|
$5.19 M
|
$9.29 M
|
$11.49 M
|
$14.94 M
|
| Net Income |
$31.56 M
|
$16.11 M
|
-$47.29 M
|
-$114.99 M
|
$17.75 M
|
$18.82 M
|
$10.01 M
|
$25.64 M
|
$21.12 M
|
$24.16 M
|
| Net Income Ratio |
0.05
|
0.03
|
-0.08
|
-0.19
|
0.04
|
0.06
|
0.03
|
0.09
|
0.07
|
0.08
|
| EPS |
1.4 |
0.57 |
-2.94 |
-6.1 |
0.98 |
1.27 |
0.62 |
1.56 |
1.3 |
1.5 |
| EPS Diluted |
1.36 |
0.55 |
-2.94 |
-6.08 |
0.97 |
1.25 |
0.62 |
1.54 |
1.29 |
1.49 |
| Weighted Average Shares Out |
$18.01 M
|
$17.63 M
|
$18.11 M
|
$18.86 M
|
$18.09 M
|
$14.88 M
|
$16.09 M
|
$16.40 M
|
$16.24 M
|
$16.07 M
|
| Weighted Average Shares Out Diluted |
$18.66 M
|
$18.15 M
|
$18.19 M
|
$18.91 M
|
$18.26 M
|
$15.05 M
|
$16.25 M
|
$16.63 M
|
$16.38 M
|
$16.21 M
|
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