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AAMERICAN PUBLIC EDUCATION INC

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AMERICAN PUBLIC EDUCATION INC

$46.22Close · Oct 6, 2026
  • Overview
  • Financial statements
  • Metrics
    • Revenue & profit
    • Revenue by segment
    • Launches
    • Revenue concentration
    • Margins
    • Contracted revenue
    • Off-balance-sheet commitments
    • Cash flow
    • Cash & debt
    • Earnings per share
    • P/E ratio
    • Share count & dilution
  • Quarterly earnings
  • Similar companies
  • Insider Transactions
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Metrics

Revenue & profit
Revenue by segment
Margins
Contracted revenue
Cash flow
Cash & debt
Earnings per share
Share count & dilution

Metrics

Compare sales with the profit left after direct costs and the profit left after all expenses and taxes.Formula: Gross profit = revenue − cost of revenue Net income = total income − total expenses
Q2 ’26201720182019202020212022202320242025-100M-50M050M100M150MLatest period Q2 '26. Revenue 171.73M. Gross profit 95.09M. Net profit 9.77M.
RevenueGross profitNet profit
See which business lines, products, or regions generate the company’s sales.Formula: Company revenue = Σ(segment revenues) + reconciliation adjustments
Q2 ’26201720182019202020212022202320242025050M100M150MLatest period Q2 '26. Graduation Fees 1.24M. Instructional Services Net Of Grants And Scholarships 156.26M. Other Fees 1.18M. Textbook And Other Course Materials 13.05M.
American Public EducationHondros College Of NursingGraduation FeesInstructional Services Net Of Grants And ScholarshipsOther FeesTextbook And Other Course Materials
See how much of the company’s revenue comes from each customer it reports as 10% or more of revenue. Filings often name these customers only as Customer A, Customer B, and so on.Formula: Customer share = customer revenue ÷ total revenue × 100% Other customers = 100% − Σ(major customer shares)
Q2 ’262017201820192020202120222023202420250%20%40%60%80%100%
      Latest period Q2 '26. Department Of Defense Tuition Assistance Programs 43%. Veteran Education Benefits 25%. Title IV Programs 18%. Cash And Other Sources 14%.
      Department Of Defense Tuition Assistance ProgramsVeteran Education BenefitsTitle IV ProgramsCash And Other SourcesOther customers
      See how much of each dollar of sales remains after direct costs, after running the business, and after all expenses and taxes.Formula: Gross margin = gross profit ÷ revenue × 100% Operating margin = operating income ÷ revenue × 100% Net margin = net income ÷ revenue × 100%
      Q2 ’26201720182019202020212022202320242025-50%0%50%Latest period Q2 '26. Gross margin 55.4%. Operating margin 7.9%. Net profit margin 5.7%.
      Gross marginOperating marginNet profit margin
      Compare cash generated by the business, spending on long-lived assets, and what remains afterward.Formula: Free cash flow = operating cash flow − capital expenditures
      $
      Q2 ’26201720182019202020212022202320242025-20M020M40M60M
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        • Capex: purchases of property, plant and equipment
        Latest period Q2 '26. Operating cash flow 12.1M. Capex -4.7M. Free cash flow 7.4M.
        Operating cash flowCapexFree cash flow
        Compare the company’s cash cushion with its borrowings. Negative net cash means debt is greater than cash.Formula: Net cash = cash − debt
        2025201720182019202020212022202320242025050M100M150M
            Latest period 2025. Cash 174.1M. Debt 94.7M.
            CashDebtNet cash
            Profit for each share over the trailing 12 months, adjusted for stock splits.Formula: Earnings available to common shareholders ÷ weighted-average shares
            $/shareUsing split history cached 2026-10-07; assuming no new splits
            Q2 ’26201720182019202020212022202320242025-6.00-4.00-2.000.002.00
              • Earnings period 2017-01-01 to 2017-03-31. Shares as of 2017-03-31: 16,233,000 source shares.
              • Earnings period 2017-04-01 to 2017-06-30. Shares as of 2017-06-30: 16,248,000 source shares.
              • Earnings period 2017-07-01 to 2017-09-30. Shares as of 2017-09-30: 16,249,000 source shares.
              • Earnings period 2017-01-01 to 2017-12-31. Shares as of 2017-12-31: 16,268,000 source shares.
              • Earnings period 2018-01-01 to 2018-03-31. Shares as of 2018-03-31: 16,399,000 source shares.
              • Earnings period 2018-04-01 to 2018-06-30. Shares as of 2018-06-30: 16,418,000 source shares.
              • Earnings period 2018-07-01 to 2018-09-30. Shares as of 2018-09-30: 16,424,000 source shares.
              • Earnings period 2018-01-01 to 2018-12-31. Shares as of 2018-12-31: 16,425,000 source shares.
              • Earnings period 2019-01-01 to 2019-03-31. Shares as of 2019-03-31: 16,586,000 source shares.
              • Earnings period 2019-04-01 to 2019-06-30. Shares as of 2019-06-30: 16,266,000 source shares.
              • Earnings period 2019-07-01 to 2019-09-30. Shares as of 2019-09-30: 15,627,000 source shares.
              • Earnings period 2019-01-01 to 2019-12-31. Shares as of 2019-12-31: 15,178,000 source shares.
              • Earnings period 2020-01-01 to 2020-03-31. Shares as of 2020-03-31: 14,781,000 source shares.
              • Earnings period 2020-04-01 to 2020-06-30. Shares as of 2020-06-30: 14,797,000 source shares.
              • Earnings period 2020-07-01 to 2020-09-30. Shares as of 2020-09-30: 14,809,000 source shares.
              • Earnings period 2020-01-01 to 2020-12-31. Shares as of 2020-12-31: 14,809,000 source shares.
              • Earnings period 2021-01-01 to 2021-03-31. Shares as of 2021-03-31: 18,671,000 source shares.
              • Earnings period 2021-04-01 to 2021-06-30. Shares as of 2021-06-30: 18,689,000 source shares.
              • Earnings period 2021-07-01 to 2021-09-30. Shares as of 2021-09-30: 18,709,000 source shares.
              • Earnings period 2021-01-01 to 2021-12-31. Shares as of 2021-12-31: 18,709,171 source shares.
              • Earnings period 2022-01-01 to 2022-03-31. Shares as of 2022-03-31: 18,856,000 source shares.
              • Earnings period 2022-04-01 to 2022-06-30. Shares as of 2022-06-30: 18,878,000 source shares.
              • Earnings period 2022-07-01 to 2022-09-30. Shares as of 2022-09-30: 18,892,000 source shares.
              • Earnings period 2022-01-01 to 2022-12-31. Shares as of 2022-12-31: 18,892,791 source shares.
              • Earnings period 2023-01-01 to 2023-03-31. Shares as of 2023-03-31: 18,978,406 source shares.
              • Earnings period 2023-04-01 to 2023-06-30. Shares as of 2023-06-30: 17,770,389 source shares.
              • Earnings period 2023-07-01 to 2023-09-30. Shares as of 2023-09-30: 17,783,615 source shares.
              • Earnings period 2023-01-01 to 2023-12-31. Shares as of 2023-12-31: 17,604,371 source shares.
              • Earnings period 2024-01-01 to 2024-03-31. Shares as of 2024-03-31: 17,571,095 source shares.
              • Earnings period 2024-04-01 to 2024-06-30. Shares as of 2024-06-30: 17,670,026 source shares.
              • Earnings period 2024-07-01 to 2024-09-30. Shares as of 2024-09-30: 17,710,887 source shares.
              • Earnings period 2024-01-01 to 2024-12-31. Shares as of 2024-12-31: 17,712,575 source shares.
              • Earnings period 2025-01-01 to 2025-03-31. Shares as of 2025-03-31: 18,036,421 source shares.
              • Earnings period 2025-04-01 to 2025-06-30. Shares as of 2025-06-30: 18,061,599 source shares.
              • Earnings period 2025-07-01 to 2025-09-30. Shares as of 2025-09-30: 18,080,212 source shares.
              • Earnings period 2025-01-01 to 2025-12-31. Shares as of 2025-12-31: 18,125,860 source shares.
              • Earnings period 2026-01-01 to 2026-03-31. Shares as of 2026-03-31: 18,411,154 source shares.
              • Earnings period 2026-04-01 to 2026-06-30. Shares as of 2026-06-30: 18,367,887 source shares.
              Latest period Q2 2026. EPS (TTM) 2.49.
              EPS (TTM)
              How much investors pay for each dollar of the company’s yearly earnings. It is not useful when the company has no profit.Formula: Share price ÷ trailing 12-month EPS
              Using split history cached 2026-10-07; assuming no new splits
              Q2 ’262017201820192020202120222023202420250x20x40x60x
                • Earnings period 2017-01-01 to 2017-03-31. Shares as of 2017-03-31: 16,233,000 source shares. Weekly price on 2017-03-31.
                • Earnings period 2017-04-01 to 2017-06-30. Shares as of 2017-06-30: 16,248,000 source shares. Weekly price on 2017-06-30.
                • Earnings period 2017-07-01 to 2017-09-30. Shares as of 2017-09-30: 16,249,000 source shares. Nearby weekly price on 2017-09-29.
                • Earnings period 2017-01-01 to 2017-12-31. Shares as of 2017-12-31: 16,268,000 source shares. Nearby weekly price on 2017-12-29.
                • Earnings period 2018-01-01 to 2018-03-31. Shares as of 2018-03-31: 16,399,000 source shares. Nearby weekly price on 2018-03-29.
                • Earnings period 2018-04-01 to 2018-06-30. Shares as of 2018-06-30: 16,418,000 source shares. Nearby weekly price on 2018-06-29.
                • Earnings period 2018-07-01 to 2018-09-30. Shares as of 2018-09-30: 16,424,000 source shares. Nearby weekly price on 2018-09-28.
                • Earnings period 2018-01-01 to 2018-12-31. Shares as of 2018-12-31: 16,425,000 source shares. Nearby weekly price on 2018-12-28.
                • Earnings period 2019-01-01 to 2019-03-31. Shares as of 2019-03-31: 16,586,000 source shares. Nearby weekly price on 2019-03-29.
                • Earnings period 2019-04-01 to 2019-06-30. Shares as of 2019-06-30: 16,266,000 source shares. Nearby weekly price on 2019-06-28.
                • Earnings period 2019-07-01 to 2019-09-30. Shares as of 2019-09-30: 15,627,000 source shares. Nearby weekly price on 2019-09-27.
                • Earnings period 2019-01-01 to 2019-12-31. Shares as of 2019-12-31: 15,178,000 source shares. Nearby weekly price on 2020-01-03.
                • Earnings period 2020-01-01 to 2020-03-31. Shares as of 2020-03-31: 14,781,000 source shares. Nearby weekly price on 2020-04-03.
                • Earnings period 2020-04-01 to 2020-06-30. Shares as of 2020-06-30: 14,797,000 source shares. Nearby weekly price on 2020-07-02.
                • Earnings period 2020-07-01 to 2020-09-30. Shares as of 2020-09-30: 14,809,000 source shares. Nearby weekly price on 2020-10-02.
                • Earnings period 2020-01-01 to 2020-12-31. Shares as of 2020-12-31: 14,809,000 source shares. Weekly price on 2020-12-31.
                • Earnings period 2021-01-01 to 2021-03-31. Shares as of 2021-03-31: 18,671,000 source shares. Nearby weekly price on 2021-04-01.
                • Earnings period 2021-04-01 to 2021-06-30. Shares as of 2021-06-30: 18,689,000 source shares. Nearby weekly price on 2021-07-02.
                • Earnings period 2021-07-01 to 2021-09-30. Shares as of 2021-09-30: 18,709,000 source shares. Nearby weekly price on 2021-10-01.
                • Earnings period 2021-01-01 to 2021-12-31. Shares as of 2021-12-31: 18,709,171 source shares. Weekly price on 2021-12-31.
                • Earnings period 2022-01-01 to 2022-03-31. Shares as of 2022-03-31: 18,856,000 source shares. Nearby weekly price on 2022-04-01.
                • Earnings period 2022-04-01 to 2022-06-30. Shares as of 2022-06-30: 18,878,000 source shares. Nearby weekly price on 2022-07-01.
                • Earnings period 2022-07-01 to 2022-09-30. Shares as of 2022-09-30: 18,892,000 source shares. Weekly price on 2022-09-30.
                • Earnings period 2022-01-01 to 2022-12-31. Shares as of 2022-12-31: 18,892,791 source shares. Nearby weekly price on 2022-12-30.
                • Earnings period 2023-01-01 to 2023-03-31. Shares as of 2023-03-31: 18,978,406 source shares. Weekly price on 2023-03-31.
                • Earnings period 2023-04-01 to 2023-06-30. Shares as of 2023-06-30: 17,770,389 source shares. Weekly price on 2023-06-30.
                • Earnings period 2023-07-01 to 2023-09-30. Shares as of 2023-09-30: 17,783,615 source shares. Nearby weekly price on 2023-09-29.
                • Earnings period 2023-01-01 to 2023-12-31. Shares as of 2023-12-31: 17,604,371 source shares. Nearby weekly price on 2023-12-29.
                • Earnings period 2024-01-01 to 2024-03-31. Shares as of 2024-03-31: 17,571,095 source shares. Nearby weekly price on 2024-03-28.
                • Earnings period 2024-04-01 to 2024-06-30. Shares as of 2024-06-30: 17,670,026 source shares. Nearby weekly price on 2024-06-28.
                • Earnings period 2024-07-01 to 2024-09-30. Shares as of 2024-09-30: 17,710,887 source shares. Nearby weekly price on 2024-09-27.
                • Earnings period 2024-01-01 to 2024-12-31. Shares as of 2024-12-31: 17,712,575 source shares. Nearby weekly price on 2025-01-03.
                • Earnings period 2025-01-01 to 2025-03-31. Shares as of 2025-03-31: 18,036,421 source shares. Nearby weekly price on 2025-03-28.
                • Earnings period 2025-04-01 to 2025-06-30. Shares as of 2025-06-30: 18,061,599 source shares. Nearby weekly price on 2025-06-27.
                • Earnings period 2025-07-01 to 2025-09-30. Shares as of 2025-09-30: 18,080,212 source shares. Nearby weekly price on 2025-10-03.
                • Earnings period 2025-01-01 to 2025-12-31. Shares as of 2025-12-31: 18,125,860 source shares. Nearby weekly price on 2026-01-02.
                • Earnings period 2026-01-01 to 2026-03-31. Shares as of 2026-03-31: 18,411,154 source shares. Nearby weekly price on 2026-04-02.
                • Earnings period 2026-04-01 to 2026-06-30. Shares as of 2026-06-30: 18,367,887 source shares. Nearby weekly price on 2026-07-02.
                Latest period Q2 2026. P/E ratio 22.8x.
                P/E ratio
                See how the number of shares changes over time. More shares can mean each existing share owns a smaller slice of the company.Formula: Outstanding shares = issued shares − treasury shares Share-count growth = (current shares ÷ previous shares − 1) × 100%
                Stock split history may be out of date.
                202620172018201920202021202220232024202505M10M15M
                    Latest period 2026. Shares outstanding 18.4M. Class detail unavailable 18.4M.
                    Class detail unavailable