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American Public Education (APEI)
NASDAQ:APEI
US Market

American Public Education (APEI) Income Statement

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American Public Education Income Statement

Last quarter (Q3 2025), American Public Education's total revenue was $163.22M, an increase of 6.59% from the same quarter last year. In Q3, American Public Education's net income was $5.56M. See American Public Education’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 624.56M$ 600.54M$ 606.33M$ 418.80M$ 321.79M
Gross Profit
$ 328.86M$ 307.68M$ 317.86M$ 246.18M$ 199.62M
Operating Expenses
$ 295.79M$ 355.99M$ 455.20M$ 215.81M$ 174.87M
Depreciation and Amortization
$ 19.30M$ 27.82M$ 32.13M$ 17.83M$ 12.98M
EBITDA
$ 52.37M$ -20.49M$ -101.39M$ 48.20M$ 38.59M
Operating Income
$ 33.07M$ -48.31M$ -137.35M$ 30.37M$ 24.76M
Other Income/Expenses
$ -2.13M$ -9.70M$ -13.92M$ -5.11M$ 1.09M
Pretax Income
$ 30.94M$ -58.00M$ -151.27M$ 25.26M$ 25.85M
Net Income
$ 16.11M$ -47.29M$ -114.99M$ 17.75M$ 18.82M
Per Share Metrics
Basic EPS
$ 0.57$ -2.94$ -6.10$ 0.98$ 1.27
Diluted EPS
$ 0.55$ -2.94$ -6.08$ 0.97$ 1.25
Weighted Average Shares Outstanding
17.63M 18.11M 18.86M 18.09M 14.88M
Weighted Average Shares Outstanding (Diluted)
18.15M 18.19M 18.91M 18.25M 15.05M
Currency in USD

American Public Education Earnings and Revenue History