AMERICAN PUBLIC EDUCATION INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that AMERICAN PUBLIC EDUCATION INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2010 | Dec 31, 2010 | $198.17M | Feb 18, 2011 |
| FY2010 | Dec 31, 2009 | $149.00M | Feb 18, 2011 |
| FY2010 | Dec 31, 2008 | $107.15M | Feb 18, 2011 |
| FY2009 | Dec 31, 2007 | $69.10M | Feb 22, 2010 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $158.33M | Mar 12, 2026 |
| FY2025 | Sep 30, 2025 | $163.22M | Mar 12, 2026 |
| FY2025 | Jun 30, 2025 | $162.77M | Mar 12, 2026 |
| FY2025 | Mar 31, 2025 | $164.55M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $164.11M | Mar 12, 2026 |
| FY2025 | Sep 30, 2024 | $153.12M | Mar 12, 2026 |
| FY2025 | Jun 30, 2024 | $152.90M | Mar 12, 2026 |
| FY2025 | Mar 31, 2024 | $154.43M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $152.80M | Mar 6, 2025 |
| FY2024 | Sep 30, 2023 | $150.84M | Mar 6, 2025 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $31.56M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $16.11M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | ($47.29M) | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | ($114.99M) | Mar 6, 2025 |
| FY2021 | Dec 31, 2021 | $9.38M | Mar 2, 2022 |
| FY2021 | Sep 30, 2021 | ($267.0K) | Mar 2, 2022 |
| FY2021 | Jun 30, 2021 | $531.0K | Mar 2, 2022 |
| FY2021 | Mar 31, 2021 | $8.11M | Mar 2, 2022 |
| FY2021 | Dec 31, 2020 | $7.07M | Mar 2, 2022 |
| FY2021 | Sep 30, 2020 | $2.64M | Mar 2, 2022 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $47.94M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $33.07M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | ($48.31M) | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | ($137.35M) | Mar 6, 2025 |
| FY2023 | Dec 31, 2021 | $30.37M | Mar 5, 2024 |
| FY2022 | Dec 31, 2020 | $24.76M | Mar 14, 2023 |
| FY2021 | Dec 31, 2019 | $12.76M | Mar 2, 2022 |
| FY2020 | Dec 31, 2018 | $32.53M | Mar 9, 2021 |
| FY2019 | Dec 31, 2017 | $34.86M | Mar 10, 2020 |
| FY2018 | Dec 31, 2016 | $38.28M | Mar 12, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $61.97M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $48.87M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | $45.51M | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | $29.22M | Mar 6, 2025 |
| FY2023 | Dec 31, 2021 | $16.27M | Mar 5, 2024 |
| FY2022 | Dec 31, 2020 | $44.81M | Mar 14, 2023 |
| FY2021 | Dec 31, 2019 | $38.37M | Mar 2, 2022 |
| FY2020 | Dec 31, 2018 | $44.18M | Mar 9, 2021 |
| FY2019 | Dec 31, 2017 | $47.94M | Mar 10, 2020 |
| FY2018 | Dec 31, 2016 | $56.01M | Mar 12, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.86M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $21.08M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | $13.90M | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | $16.39M | Mar 6, 2025 |
| FY2023 | Dec 31, 2021 | $11.83M | Mar 5, 2024 |
| FY2022 | Dec 31, 2020 | $4.93M | Mar 14, 2023 |
| FY2021 | Dec 31, 2019 | $7.26M | Mar 2, 2022 |
| FY2020 | Dec 31, 2018 | $9.43M | Mar 9, 2021 |
| FY2019 | Dec 31, 2017 | $14.79M | Mar 10, 2020 |
| FY2018 | Dec 31, 2016 | $16.40M | Mar 12, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $521.42M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $570.10M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $557.39M | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | $615.06M | Mar 5, 2024 |
| FY2022 | Dec 31, 2021 | $725.61M | Mar 14, 2023 |
| FY2021 | Dec 31, 2020 | $371.02M | Mar 2, 2022 |
| FY2020 | Dec 31, 2019 | $354.90M | Mar 9, 2021 |
| FY2019 | Dec 31, 2018 | $370.96M | Mar 10, 2020 |
| FY2018 | Dec 31, 2017 | $339.04M | Mar 12, 2019 |
| FY2017 | Dec 31, 2016 | $315.62M | Feb 27, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $226.64M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $266.22M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $265.41M | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | $265.33M | Mar 5, 2024 |
| FY2022 | Dec 31, 2021 | $310.00M | Mar 14, 2023 |
| FY2021 | Dec 31, 2020 | $64.09M | Mar 2, 2022 |
| FY2020 | Dec 31, 2019 | $58.16M | Mar 9, 2021 |
| FY2019 | Dec 31, 2018 | $49.69M | Mar 10, 2020 |
| FY2018 | Dec 31, 2017 | $49.63M | Mar 12, 2019 |
| FY2017 | Dec 31, 2016 | $50.95M | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $294.78M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $303.88M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | $291.98M | Mar 12, 2026 |
| FY2025 | Dec 31, 2022 | $349.73M | Mar 12, 2026 |
| FY2024 | Dec 31, 2021 | $415.61M | Mar 6, 2025 |
| FY2023 | Dec 31, 2020 | $306.93M | Mar 5, 2024 |
| FY2022 | Dec 31, 2019 | $296.73M | Mar 14, 2023 |
| FY2021 | Dec 31, 2018 | $321.27M | Mar 2, 2022 |
| FY2020 | Dec 31, 2017 | $289.41M | Mar 9, 2021 |
| FY2019 | Dec 31, 2016 | $264.67M | Mar 10, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $59.59M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $59.59M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | $59.59M | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | $112.59M | Mar 6, 2025 |
| FY2023 | Dec 31, 2021 | $243.49M | Mar 5, 2024 |
| FY2022 | Dec 31, 2020 | $26.56M | Mar 14, 2023 |
| FY2021 | Dec 31, 2019 | $26.56M | Mar 2, 2022 |
| FY2020 | Dec 31, 2018 | $33.90M | Mar 9, 2021 |
| FY2018 | Dec 31, 2017 | $33.90M | Mar 12, 2019 |
| FY2017 | Dec 31, 2016 | $33.90M | Feb 27, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($16.50M) | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | ($41.81M) | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | ($49.10M) | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | $13.89M | Mar 5, 2024 |
| FY2022 | Dec 31, 2021 | $128.93M | Mar 14, 2023 |
| FY2021 | Dec 31, 2020 | $111.18M | Mar 2, 2022 |
| FY2020 | Dec 31, 2019 | $105.96M | Mar 9, 2021 |
| FY2019 | Dec 31, 2018 | $133.93M | Mar 10, 2020 |
| FY2018 | Jan 1, 2018 | $108.29M | Mar 12, 2019 |
| FY2018 | Dec 31, 2017 | $108.57M | Mar 12, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $174.10M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $131.93M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $116.66M | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | $102.52M | Mar 5, 2024 |
| FY2017 | Dec 31, 2017 | $179.21M | Feb 27, 2018 |
| FY2017 | Dec 31, 2016 | $146.35M | Feb 27, 2018 |
| FY2017 | Dec 31, 2015 | $105.73M | Feb 27, 2018 |
| FY2017 | Dec 31, 2014 | $115.63M | Feb 27, 2018 |
| FY2016 | Dec 31, 2013 | $94.82M | Mar 1, 2017 |
| FY2015 | Dec 31, 2012 | $114.90M | Feb 29, 2016 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $94.67M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $93.42M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $94.68M | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | $93.15M | Mar 5, 2024 |
| FY2022 | Dec 31, 2021 | $160.52M | Mar 14, 2023 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Sep 30, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Mar 31, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Sep 30, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Jun 30, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Mar 31, 2024 | 0 | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 6, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Mar 6, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Sep 30, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Mar 31, 2025 | 0 | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Sep 30, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Jun 30, 2024 | 0 | Mar 12, 2026 |
| FY2025 | Mar 31, 2024 | 0 | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 6, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Mar 6, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 18.13M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 17.71M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 17.60M | Mar 6, 2025 |
| FY2023 | Dec 31, 2022 | 18.89M | Mar 5, 2024 |
| FY2022 | Dec 31, 2021 | 18.71M | Mar 14, 2023 |
| FY2021 | Dec 31, 2020 | 14.81M | Mar 2, 2022 |
| FY2020 | Dec 31, 2019 | 15.18M | Mar 9, 2021 |
| FY2019 | Dec 31, 2018 | 16.43M | Mar 10, 2020 |
| FY2018 | Dec 31, 2017 | 16.27M | Mar 12, 2019 |
| FY2017 | Dec 31, 2016 | 16.11M | Feb 27, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2009 | Dec 31, 2007 | $93.75M | Feb 22, 2010 |