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American Public Education, Inc.

EDGAR

APEI Current report (8-K) · filed 2026-10-27

Annual consolidated revenue for 2025: about USD 648.9M, using the latest reported figures. The previous period, 2024, was about USD 624.6M.

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Watchlist

Latest quarter

Revenue

172 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 171731000 USD Source

Operating margin

7.88%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 13526000 USD Source
Revenue: 171731000 USD Source

Operating cash flow

12.1 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 75441000 USD Source
Operating Cash Flow: 63304000 USD Source

Free cash flow

7.4 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 75441000 USD Source
Operating Cash Flow: 63304000 USD Source
Capital Expenditure: 7266000 USD Source
Capital Expenditure: 2527000 USD Source

Cash and cash equivalents: 174 million USD 2025-12-31 Source
Exact value

174095000 USD
Long-term debt including current maturities: 87.3 million USD 2026-06-30 Source
Exact value

87260000 USD
Shares outstanding: 18.4 million shares 2026-06-30 Source
Exact value

18367887 shares

Reported share-count change

1.70% · 306 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

18061599 shares · 2025-06-30· Source
18367887 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

668 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 163215000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 158330000 USD · 2025-10-01 – 2025-12-31 Source
Revenue: 174738000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 171731000 USD · 2026-04-01 – 2026-06-30 Source

Net income

45.7 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 5560000 USD · 2025-07-01 – 2025-09-30 Source
Net income: 31557000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 18949000 USD · 2025-01-01 – 2025-09-30 Source
Net income: 17731000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 9773000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

85.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 73516000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 51807000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 61965000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 73516000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 63304000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 75441000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 63304000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

15.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 11796000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 7600000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 15864000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 11796000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2527000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 7266000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 2527000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

70.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 73516000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 51807000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 61965000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 73516000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 63304000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 75441000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 63304000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 11796000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 7600000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 15864000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 11796000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2527000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 7266000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 2527000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 10 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 10 of 11 periods available· newest 2025-12-31
Total liabilities: 10 of 11 periods available· newest 2025-12-31
Current assets: 10 of 11 periods available· newest 2025-12-31
Current liabilities: 10 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 5 of 11 periods available· newest 2025-12-31
Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+3.9%

Prior period

USD 624.56 million

2024-01-01 – 2024-12-31
Current period

USD 648.86 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

648862000 − 624559000 = 24303000 USD

624559000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
648862000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Year-over-year change in Revenue: 24303000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 648862000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#2239481 Filing: 000120179226000004 Input fundies:Revenue: 624559000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#2238706 Filing: 000120179226000004
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Net income
+95.8%

Prior period

USD 16.11 million

2024-01-01 – 2024-12-31
Current period

USD 31.56 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

31557000 − 16113000 = 15444000 USD

16113000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
31557000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Year-over-year change in Net income: 15444000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 31557000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1473271 Filing: 000120179226000004 Input fundies:NetIncome: 16113000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1472505 Filing: 000120179226000004
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+26.8%

Prior period

USD 48.87 million

2024-01-01 – 2024-12-31
Current period

USD 61.97 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

61965000 − 48872000 = 13093000 USD

48872000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
61965000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Year-over-year change in Operating cash flow: 13093000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 61965000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513970 Filing: 000120179226000004 Input fundies:OperatingCashFlow: 48872000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513318 Filing: 000120179226000004
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-24.8%

Prior period

USD 21.08 million

2024-01-01 – 2024-12-31
Current period

USD 15.86 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

15864000 − 21082000 = -5218000 USD

21082000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
15864000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Year-over-year change in Capital expenditure: -5218000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 15864000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1519298 Filing: 000120179226000004 Input fundies:CapitalExpenditure: 21082000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1518708 Filing: 000120179226000004
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 648.86 million 100% of revenue
Operating costs Derived USD 600.93 million 93% of revenue
Operating income USD 47.94 million 7.4% of revenue
Tax, interest and other Derived USD 16.38 million 2.5% of revenue
Net income USD 31.56 million 4.9% of revenue

Cash

Operating cash flow USD 61.97 million 9.5% of revenue
Capital expenditure USD 15.86 million 2.4% of revenue
Free cash flow Derived USD 46.1 million 7.1% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 88%
2017 88%
2018 89%
2019 96%
2020 92%
2021 93%
2022 Operating loss: operating costs were 123% of revenue.
2023 Operating loss: operating costs were 108% of revenue.
2024 95%
2025 93%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	313139000	274863000 Derived	38276000	14121000 Derived	24155000	39615000 Derived	Source 2016-01-01 – 2016-12-31: 313139000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 38276000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 24155000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 56014000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 16399000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	299248000	264389000 Derived	34859000	13738000 Derived	21121000	33150000 Derived	Source 2017-01-01 – 2017-12-31: 299248000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 34859000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 21121000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 47938000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 14788000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	297687000	265161000 Derived	32526000	6887000 Derived	25639000	34749000 Derived	Source 2018-01-01 – 2018-12-31: 297687000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 32526000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 25639000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 44179000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 9430000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	286270000	273514000 Derived	12756000	2743000 Derived	10013000	31115000 Derived	Source 2019-01-01 – 2019-12-31: 286270000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 12756000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 10013000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 38370000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 7255000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	321785000	297028000 Derived	24757000	5935000 Derived	18822000	39884000 Derived	Source 2020-01-01 – 2020-12-31: 321785000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 24757000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 18822000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 44810000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 4926000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	418803000	388432000 Derived	30371000	12619000 Derived	17752000	4437000 Derived	Source 2021-01-01 – 2021-12-31: 418803000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 30371000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 17752000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 16265000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 11828000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	606328000	743676000 Derived	-137348000	-22355000 Derived	-114993000	12826000 Derived	Source 2022-01-01 – 2022-12-31: 606328000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -137348000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -114993000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 29215000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 16389000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	600545000	648851000 Derived	-48306000	-1020000 Derived	-47286000	31619000 Derived	Source 2023-01-01 – 2023-12-31: 600545000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -48306000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -47286000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 45514000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 13895000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	624559000	591493000 Derived	33066000	16953000 Derived	16113000	27790000 Derived	Source 2024-01-01 – 2024-12-31: 624559000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 33066000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 16113000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 48872000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 21082000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	648862000	600927000 Derived	47935000	16378000 Derived	31557000	46101000 Derived	Source 2025-01-01 – 2025-12-31: 648862000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 47935000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 31557000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 61965000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 15864000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 648.9M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	313139000	Revenue: 313139000 Open source
20172017-12-31	Revenue	299248000	Revenue: 299248000 Open source
20182018-12-31	Revenue	297687000	Revenue: 297687000 Open source
20192019-12-31	Revenue	286270000	Revenue: 286270000 Open source
20202020-12-31	Revenue	321785000	Revenue: 321785000 Open source
20212021-12-31	Revenue	418803000	Revenue: 418803000 Open source
20222022-12-31	Revenue	606328000	Revenue: 606328000 Open source
20232023-12-31	Revenue	600545000	Revenue: 600545000 Open source
20242024-12-31	Revenue	624559000	Revenue: 624559000 Open source
20252025-12-31	Revenue	648862000	Revenue: 648862000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

3.9% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 313139000 Open source
20172017-12-31	Year over year	-4.4%	Revenue: 299248000 Open source Revenue: 313139000 Open source
20182018-12-31	Year over year	-0.5%	Revenue: 297687000 Open source Revenue: 299248000 Open source
20192019-12-31	Year over year	-3.8%	Revenue: 286270000 Open source Revenue: 297687000 Open source
20202020-12-31	Year over year	12.4%	Revenue: 321785000 Open source Revenue: 286270000 Open source
20212021-12-31	Year over year	30.1%	Revenue: 418803000 Open source Revenue: 321785000 Open source
20222022-12-31	Year over year	44.8%	Revenue: 606328000 Open source Revenue: 418803000 Open source
20232023-12-31	Year over year	-1%	Revenue: 600545000 Open source Revenue: 606328000 Open source
20242024-12-31	Year over year	4%	Revenue: 624559000 Open source Revenue: 600545000 Open source
20252025-12-31	Year over year	3.9%	Revenue: 648862000 Open source Revenue: 624559000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 7.4% 2025

Net margin 4.9% 2025

Free cash flow margin 7.1% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	12.2%	Operating Income: 38276000 Open source Revenue: 313139000 Open source
20172017-12-31	Operating margin	11.6%	Operating Income: 34859000 Open source Revenue: 299248000 Open source
20182018-12-31	Operating margin	10.9%	Operating Income: 32526000 Open source Revenue: 297687000 Open source
20192019-12-31	Operating margin	4.5%	Operating Income: 12756000 Open source Revenue: 286270000 Open source
20202020-12-31	Operating margin	7.7%	Operating Income: 24757000 Open source Revenue: 321785000 Open source
20212021-12-31	Operating margin	7.3%	Operating Income: 30371000 Open source Revenue: 418803000 Open source
20222022-12-31	Operating margin	-22.7%	Operating Income: -137348000 Open source Revenue: 606328000 Open source
20232023-12-31	Operating margin	-8%	Operating Income: -48306000 Open source Revenue: 600545000 Open source
20242024-12-31	Operating margin	5.3%	Operating Income: 33066000 Open source Revenue: 624559000 Open source
20252025-12-31	Operating margin	7.4%	Operating Income: 47935000 Open source Revenue: 648862000 Open source
20162016-12-31	Net margin	7.7%	Net Income: 24155000 Open source Revenue: 313139000 Open source
20172017-12-31	Net margin	7.1%	Net Income: 21121000 Open source Revenue: 299248000 Open source
20182018-12-31	Net margin	8.6%	Net Income: 25639000 Open source Revenue: 297687000 Open source
20192019-12-31	Net margin	3.5%	Net Income: 10013000 Open source Revenue: 286270000 Open source
20202020-12-31	Net margin	5.8%	Net Income: 18822000 Open source Revenue: 321785000 Open source
20212021-12-31	Net margin	4.2%	Net Income: 17752000 Open source Revenue: 418803000 Open source
20222022-12-31	Net margin	-19%	Net Income: -114993000 Open source Revenue: 606328000 Open source
20232023-12-31	Net margin	-7.9%	Net Income: -47286000 Open source Revenue: 600545000 Open source
20242024-12-31	Net margin	2.6%	Net Income: 16113000 Open source Revenue: 624559000 Open source
20252025-12-31	Net margin	4.9%	Net Income: 31557000 Open source Revenue: 648862000 Open source
20162016-12-31	Free cash flow margin	12.7%	Revenue: 313139000 Open source Operating Cash Flow: 56014000 Open source Capital Expenditure: 16399000 Open source
20172017-12-31	Free cash flow margin	11.1%	Revenue: 299248000 Open source Operating Cash Flow: 47938000 Open source Capital Expenditure: 14788000 Open source
20182018-12-31	Free cash flow margin	11.7%	Revenue: 297687000 Open source Operating Cash Flow: 44179000 Open source Capital Expenditure: 9430000 Open source
20192019-12-31	Free cash flow margin	10.9%	Revenue: 286270000 Open source Operating Cash Flow: 38370000 Open source Capital Expenditure: 7255000 Open source
20202020-12-31	Free cash flow margin	12.4%	Revenue: 321785000 Open source Operating Cash Flow: 44810000 Open source Capital Expenditure: 4926000 Open source
20212021-12-31	Free cash flow margin	1.1%	Revenue: 418803000 Open source Operating Cash Flow: 16265000 Open source Capital Expenditure: 11828000 Open source
20222022-12-31	Free cash flow margin	2.1%	Revenue: 606328000 Open source Operating Cash Flow: 29215000 Open source Capital Expenditure: 16389000 Open source
20232023-12-31	Free cash flow margin	5.3%	Revenue: 600545000 Open source Operating Cash Flow: 45514000 Open source Capital Expenditure: 13895000 Open source
20242024-12-31	Free cash flow margin	4.4%	Revenue: 624559000 Open source Operating Cash Flow: 48872000 Open source Capital Expenditure: 21082000 Open source
20252025-12-31	Free cash flow margin	7.1%	Revenue: 648862000 Open source Operating Cash Flow: 61965000 Open source Capital Expenditure: 15864000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 62M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	56014000	Operating Cash Flow: 56014000 Open source
20172017-12-31	Operating cash flow	47938000	Operating Cash Flow: 47938000 Open source
20182018-12-31	Operating cash flow	44179000	Operating Cash Flow: 44179000 Open source
20192019-12-31	Operating cash flow	38370000	Operating Cash Flow: 38370000 Open source
20202020-12-31	Operating cash flow	44810000	Operating Cash Flow: 44810000 Open source
20212021-12-31	Operating cash flow	16265000	Operating Cash Flow: 16265000 Open source
20222022-12-31	Operating cash flow	29215000	Operating Cash Flow: 29215000 Open source
20232023-12-31	Operating cash flow	45514000	Operating Cash Flow: 45514000 Open source
20242024-12-31	Operating cash flow	48872000	Operating Cash Flow: 48872000 Open source
20252025-12-31	Operating cash flow	61965000	Operating Cash Flow: 61965000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 46.1M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	39615000	Operating Cash Flow: 56014000 Open source Capital Expenditure: 16399000 Open source
20172017-12-31	Free cash flow	33150000	Operating Cash Flow: 47938000 Open source Capital Expenditure: 14788000 Open source
20182018-12-31	Free cash flow	34749000	Operating Cash Flow: 44179000 Open source Capital Expenditure: 9430000 Open source
20192019-12-31	Free cash flow	31115000	Operating Cash Flow: 38370000 Open source Capital Expenditure: 7255000 Open source
20202020-12-31	Free cash flow	39884000	Operating Cash Flow: 44810000 Open source Capital Expenditure: 4926000 Open source
20212021-12-31	Free cash flow	4437000	Operating Cash Flow: 16265000 Open source Capital Expenditure: 11828000 Open source
20222022-12-31	Free cash flow	12826000	Operating Cash Flow: 29215000 Open source Capital Expenditure: 16389000 Open source
20232023-12-31	Free cash flow	31619000	Operating Cash Flow: 45514000 Open source Capital Expenditure: 13895000 Open source
20242024-12-31	Free cash flow	27790000	Operating Cash Flow: 48872000 Open source Capital Expenditure: 21082000 Open source
20252025-12-31	Free cash flow	46101000	Operating Cash Flow: 61965000 Open source Capital Expenditure: 15864000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

43.5% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	16.1%	Total Liabilities: 50950000 Open source Total Assets: 315620000 Open source
20172017-12-31	Liabilities / assets	14.6%	Total Liabilities: 49632000 Open source Total Assets: 339038000 Open source
20182018-12-31	Liabilities / assets	13.4%	Total Liabilities: 49692000 Open source Total Assets: 370958000 Open source
20192019-12-31	Liabilities / assets	16.4%	Total Liabilities: 58164000 Open source Total Assets: 354897000 Open source
20202020-12-31	Liabilities / assets	17.3%	Total Liabilities: 64093000 Open source Total Assets: 371018000 Open source
20212021-12-31	Liabilities / assets	42.7%	Total Liabilities: 309996000 Open source Total Assets: 725608000 Open source
20222022-12-31	Liabilities / assets	43.1%	Total Liabilities: 265329000 Open source Total Assets: 615056000 Open source
20232023-12-31	Liabilities / assets	47.6%	Total Liabilities: 265410000 Open source Total Assets: 557386000 Open source
20242024-12-31	Liabilities / assets	46.7%	Total Liabilities: 266224000 Open source Total Assets: 570103000 Open source
20252025-12-31	Liabilities / assets	43.5%	Total Liabilities: 226636000 Open source Total Assets: 521418000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

3.46× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	3.76×	Current Assets: 158627000 Open source Current Liabilities: 42175000 Open source
20172017-12-31	Current assets / current liabilities	4.41×	Current Assets: 191133000 Open source Current Liabilities: 43351000 Open source
20182018-12-31	Current assets / current liabilities	5.25×	Current Assets: 232570000 Open source Current Liabilities: 44328000 Open source
20192019-12-31	Current assets / current liabilities	4.92×	Current Assets: 222909000 Open source Current Liabilities: 45278000 Open source
20202020-12-31	Current assets / current liabilities	4.57×	Current Assets: 251810000 Open source Current Liabilities: 55058000 Open source
20212021-12-31	Current assets / current liabilities	2.42×	Current Assets: 202637000 Open source Current Liabilities: 83678000 Open source
20222022-12-31	Current assets / current liabilities	2.63×	Current Assets: 186091000 Open source Current Liabilities: 70758000 Open source
20232023-12-31	Current assets / current liabilities	2.94×	Current Assets: 217382000 Open source Current Liabilities: 73989000 Open source
20242024-12-31	Current assets / current liabilities	3.29×	Current Assets: 260572000 Open source Current Liabilities: 79155000 Open source
20252025-12-31	Current assets / current liabilities	3.46×	Current Assets: 259816000 Open source Current Liabilities: 75050000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 24.16 million Exact value Exact value: 24155000 USD 2016-01-01 – 2016-12-31: 24155000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2016-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 24155000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 24155000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179219000003/apei-20181231.xml#285265 Filing: 000120179219000003 The citation records this snapshot. The page link may show a newer release later.	USD 56.01 million Exact value Exact value: 56014000 USD 2016-01-01 – 2016-12-31: 56014000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2016-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 56014000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 56014000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179219000003/apei-20181231.xml#284632 Filing: 000120179219000003 The citation records this snapshot. The page link may show a newer release later.	USD 16.4 million Exact value Exact value: 16399000 USD 2016-01-01 – 2016-12-31: 16399000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2016-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 16399000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 16399000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179219000003/apei-20181231.xml#295922 Filing: 000120179219000003 The citation records this snapshot. The page link may show a newer release later.	USD 39.62 million Calculation and evidence 56014000 − 16399000 USD Exact free cash flow: 39615000 USD 2016-01-01 – 2016-12-31: 56014000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 16399000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2016-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 39615000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 56014000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179219000003/apei-20181231.xml#284632 Filing: 000120179219000003 Input fundies:CapitalExpenditure: 16399000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179219000003/apei-20181231.xml#295922 Filing: 000120179219000003 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 21.12 million Exact value Exact value: 21121000 USD 2017-01-01 – 2017-12-31: 21121000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2017-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 21121000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 21121000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179220000006/apei-20191231.xml#319370 Filing: 000120179220000006 The citation records this snapshot. The page link may show a newer release later.	USD 47.94 million Exact value Exact value: 47938000 USD 2017-01-01 – 2017-12-31: 47938000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2017-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 47938000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 47938000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179220000006/apei-20191231.xml#318737 Filing: 000120179220000006 The citation records this snapshot. The page link may show a newer release later.	USD 14.79 million Exact value Exact value: 14788000 USD 2017-01-01 – 2017-12-31: 14788000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2017-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 14788000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 14788000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179220000006/apei-20191231.xml#331063 Filing: 000120179220000006 The citation records this snapshot. The page link may show a newer release later.	USD 33.15 million Calculation and evidence 47938000 − 14788000 USD Exact free cash flow: 33150000 USD 2017-01-01 – 2017-12-31: 47938000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 14788000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2017-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 33150000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 47938000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179220000006/apei-20191231.xml#318737 Filing: 000120179220000006 Input fundies:CapitalExpenditure: 14788000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179220000006/apei-20191231.xml#331063 Filing: 000120179220000006 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 25.64 million Exact value Exact value: 25639000 USD 2018-01-01 – 2018-12-31: 25639000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2018-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 25639000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 25639000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179221000003/apei-20201231.htm#1460034 Filing: 000120179221000003 The citation records this snapshot. The page link may show a newer release later.	USD 44.18 million Exact value Exact value: 44179000 USD 2018-01-01 – 2018-12-31: 44179000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2018-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 44179000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 44179000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179221000003/apei-20201231.htm#1518757 Filing: 000120179221000003 The citation records this snapshot. The page link may show a newer release later.	USD 9.43 million Exact value Exact value: 9430000 USD 2018-01-01 – 2018-12-31: 9430000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2018-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 9430000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 9430000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179221000003/apei-20201231.htm#2676822 Filing: 000120179221000003 The citation records this snapshot. The page link may show a newer release later.	USD 34.75 million Calculation and evidence 44179000 − 9430000 USD Exact free cash flow: 34749000 USD 2018-01-01 – 2018-12-31: 44179000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 9430000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2018-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 34749000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 44179000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179221000003/apei-20201231.htm#1518757 Filing: 000120179221000003 Input fundies:CapitalExpenditure: 9430000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179221000003/apei-20201231.htm#2676822 Filing: 000120179221000003 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 10.01 million Exact value Exact value: 10013000 USD 2019-01-01 – 2019-12-31: 10013000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2019-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 10013000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 10013000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179222000003/apei-20211231.htm#1435816 Filing: 000120179222000003 The citation records this snapshot. The page link may show a newer release later.	USD 38.37 million Exact value Exact value: 38370000 USD 2019-01-01 – 2019-12-31: 38370000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2019-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 38370000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 38370000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179222000003/apei-20211231.htm#1495524 Filing: 000120179222000003 The citation records this snapshot. The page link may show a newer release later.	USD 7.26 million Exact value Exact value: 7255000 USD 2019-01-01 – 2019-12-31: 7255000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2019-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 7255000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 7255000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179222000003/apei-20211231.htm#2681661 Filing: 000120179222000003 The citation records this snapshot. The page link may show a newer release later.	USD 31.12 million Calculation and evidence 38370000 − 7255000 USD Exact free cash flow: 31115000 USD 2019-01-01 – 2019-12-31: 38370000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 7255000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2019-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 31115000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 38370000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179222000003/apei-20211231.htm#1495524 Filing: 000120179222000003 Input fundies:CapitalExpenditure: 7255000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179222000003/apei-20211231.htm#2681661 Filing: 000120179222000003 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 18.82 million Exact value Exact value: 18822000 USD 2020-01-01 – 2020-12-31: 18822000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2020-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 18822000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 18822000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179223000004/apei-20221231.htm#1562504 Filing: 000120179223000004 The citation records this snapshot. The page link may show a newer release later.	USD 44.81 million Exact value Exact value: 44810000 USD 2020-01-01 – 2020-12-31: 44810000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2020-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 44810000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 44810000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179223000004/apei-20221231.htm#1625848 Filing: 000120179223000004 The citation records this snapshot. The page link may show a newer release later.	USD 4.93 million Exact value Exact value: 4926000 USD 2020-01-01 – 2020-12-31: 4926000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2020-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 4926000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 4926000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179223000004/apei-20221231.htm#2948194 Filing: 000120179223000004 The citation records this snapshot. The page link may show a newer release later.	USD 39.88 million Calculation and evidence 44810000 − 4926000 USD Exact free cash flow: 39884000 USD 2020-01-01 – 2020-12-31: 44810000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 4926000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2020-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 39884000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 44810000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179223000004/apei-20221231.htm#1625848 Filing: 000120179223000004 Input fundies:CapitalExpenditure: 4926000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179223000004/apei-20221231.htm#2948194 Filing: 000120179223000004 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 17.75 million Exact value Exact value: 17752000 USD 2021-01-01 – 2021-12-31: 17752000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2021-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 17752000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 17752000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179224000005/apei-20231231.htm#1530098 Filing: 000120179224000005 The citation records this snapshot. The page link may show a newer release later.	USD 16.27 million Exact value Exact value: 16265000 USD 2021-01-01 – 2021-12-31: 16265000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2021-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 16265000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 16265000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179224000005/apei-20231231.htm#1573092 Filing: 000120179224000005 The citation records this snapshot. The page link may show a newer release later.	USD 11.83 million Exact value Exact value: 11828000 USD 2021-01-01 – 2021-12-31: 11828000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2021-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 11828000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 11828000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179224000005/apei-20231231.htm#1578606 Filing: 000120179224000005 The citation records this snapshot. The page link may show a newer release later.	USD 4.44 million Calculation and evidence 16265000 − 11828000 USD Exact free cash flow: 4437000 USD 2021-01-01 – 2021-12-31: 16265000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 11828000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2021-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 4437000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 16265000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179224000005/apei-20231231.htm#1573092 Filing: 000120179224000005 Input fundies:CapitalExpenditure: 11828000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179224000005/apei-20231231.htm#1578606 Filing: 000120179224000005 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 114.99 million Exact value Exact value: -114993000 USD 2022-01-01 – 2022-12-31: -114993000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2022-12-31 American Public Education, Inc. (edgar:1201792) Net Income: -114993000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -114993000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179225000004/apei-20241231.htm#1509395 Filing: 000120179225000004 The citation records this snapshot. The page link may show a newer release later.	USD 29.22 million Exact value Exact value: 29215000 USD 2022-01-01 – 2022-12-31: 29215000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2022-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 29215000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 29215000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179225000004/apei-20241231.htm#1552384 Filing: 000120179225000004 The citation records this snapshot. The page link may show a newer release later.	USD 16.39 million Exact value Exact value: 16389000 USD 2022-01-01 – 2022-12-31: 16389000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2022-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 16389000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 16389000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179225000004/apei-20241231.htm#1557892 Filing: 000120179225000004 The citation records this snapshot. The page link may show a newer release later.	USD 12.83 million Calculation and evidence 29215000 − 16389000 USD Exact free cash flow: 12826000 USD 2022-01-01 – 2022-12-31: 29215000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 16389000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2022-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 12826000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 29215000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179225000004/apei-20241231.htm#1552384 Filing: 000120179225000004 Input fundies:CapitalExpenditure: 16389000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179225000004/apei-20241231.htm#1557892 Filing: 000120179225000004 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 47.29 million Exact value Exact value: -47286000 USD 2023-01-01 – 2023-12-31: -47286000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2023-12-31 American Public Education, Inc. (edgar:1201792) Net Income: -47286000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -47286000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1471735 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 45.51 million Exact value Exact value: 45514000 USD 2023-01-01 – 2023-12-31: 45514000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2023-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 45514000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 45514000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1512666 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 13.9 million Exact value Exact value: 13895000 USD 2023-01-01 – 2023-12-31: 13895000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2023-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 13895000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 13895000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1518118 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 31.62 million Calculation and evidence 45514000 − 13895000 USD Exact free cash flow: 31619000 USD 2023-01-01 – 2023-12-31: 45514000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 13895000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2023-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 31619000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 45514000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1512666 Filing: 000120179226000004 Input fundies:CapitalExpenditure: 13895000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1518118 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 16.11 million Exact value Exact value: 16113000 USD 2024-01-01 – 2024-12-31: 16113000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2024-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 16113000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 16113000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1472505 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 48.87 million Exact value Exact value: 48872000 USD 2024-01-01 – 2024-12-31: 48872000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2024-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 48872000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 48872000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513318 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 21.08 million Exact value Exact value: 21082000 USD 2024-01-01 – 2024-12-31: 21082000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2024-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 21082000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 21082000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1518708 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 27.79 million Calculation and evidence 48872000 − 21082000 USD Exact free cash flow: 27790000 USD 2024-01-01 – 2024-12-31: 48872000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 21082000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2024-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 27790000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 48872000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513318 Filing: 000120179226000004 Input fundies:CapitalExpenditure: 21082000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1518708 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 31.56 million Exact value Exact value: 31557000 USD 2025-01-01 – 2025-12-31: 31557000 USD Inspect Net Income Open source Share or cite Citation for Net Income · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Net Income: 31557000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 31557000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1473271 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 61.97 million Exact value Exact value: 61965000 USD 2025-01-01 – 2025-12-31: 61965000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Operating Cash Flow: 61965000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 61965000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513970 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 15.86 million Exact value Exact value: 15864000 USD 2025-01-01 – 2025-12-31: 15864000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Capital Expenditure: 15864000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 15864000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1519298 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.	USD 46.1 million Calculation and evidence 61965000 − 15864000 USD Exact free cash flow: 46101000 USD 2025-01-01 – 2025-12-31: 61965000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 15864000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · American Public Education, Inc. · 2025-12-31 American Public Education, Inc. (edgar:1201792) Free cash flow: 46101000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T05:33:31Z Snapshot: 35801a0e04c3fa94d6bb81ac78f45d4f0bb4e9eb4493931680698238f7fa5436 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1201792?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 61965000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1513970 Filing: 000120179226000004 Input fundies:CapitalExpenditure: 15864000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1201792/000120179226000004/apei-20251231.htm#1519298 Filing: 000120179226000004 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

270 filings · 10,328 latest values · 10,328 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001201792, 1201792, APEI, edgar:1201792

Also known as AMERICAN PUBLIC EDUCATION INC, AMERICAN PUBLIC EDUCATION, INC., American Public Education, Inc.

American Public Education, Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation