Name: APEI Income Statement - American Public Education Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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APEI - American Public Education Inc.

USD | NASDAQ

APEI Income Statement - American Public Education Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	174.7	158.3	163.2	162.8	164.6	164.1	153.1	152.9	154.4	152.8	150.8	147.2	149.7	152.4	149.5	149.6

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	659.0	648.9	624.6	600.5	606.3	418.8	321.8	286.3	297.7	299.2	313.1	-	-	-	-	-	198.2	149.0
Cost of Revenue	296.7	297.0	295.7	292.9	288.5	172.6	122.2	111.9	115.3	116.2	117.0	-	-	-	-	-	-	-
Gross Profit	362.3	351.8	328.9	307.7	317.9	246.2	199.6	174.4	182.4	183.1	196.1	-	-	-	-	-	-
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
Operating Income	57.3	47.9	33.1	(48.3)	(137.3)	30.4	24.8	12.8	32.5	34.9	38.3	52.3	65.8	67.4
Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.1
Tax & Net
Income Tax Expense	11.2	12.1	10.4	(10.7)	(36.3)	7.5	7.0	5.2	9.3	11.5	14.9	20.1	25.2	25.6	26.5
Per Share
EPS Basic	1.95	1.40	0.57	(2.94)	(6.10)	0.98	1.27	0.62	1.56	1.30	1.50	1.94	2.36	2.38	2.38	2.28
Supplementary Data
EBITDA	73.6	64.1	52.4	(20.5)	(105.2)	48.2	37.7	28.4	50.0	53.6	57.7	72.8	82.0	80.9	79.9	72.1

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	37.9	30.9	36.1	35.0	35.2	29.1	33.5	33.8	32.5	26.8	33.3	33.0	39.9	38.6	40.9	35.8	39.3
General & Administrative	36.3	35.3	34.7	38.1	36.4	36.2	35.0	34.4	36.3	31.3	30.9	32.5	33.5	31.2	29.7	29.9	29.6
Depreciation & Amortization	4.2	4.1	3.9	4.1	4.0	3.9	5.1	5.2	5.1	5.1	7.0	8.0	7.8	7.9	8.0	8.1
Amortization of Intangibles	-	-	-	-	-	(0.1)	0.8	1.3	1.3	1.3	3.0	4.0	3.9	3.8	4.0	4.0	4.0
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	153.1	139.4	153.5	155.7	152.3	142.6	149.0	150.7	149.3	136.9	144.4	212.5	155.1	152.7	150.6	290.9

Operating Income
Operating Income	21.6	19.0	9.7	7.0	12.2	21.5	4.1	2.2	5.2	15.9	6.4	(65.3)	(5.4)	(0.3)	(1.0)	(141.3)	5.2	16.5	1.3	2.0	10.6	9.7	3.3	9.0	2.7	8.6	(2.9)	5.7	1.4	11.4	6.9	8.0	6.2	12.6	7.6	6.3	8.3	11.3	0.4	10.7

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	2.0	-	2.5	2.4	2.4	-	1.9	1.9	1.9	-	2.2	1.9	1.9	-	-	-	-	-
Income From Equity Investments	-	0.0	0.0	0.0	0.0	0.0	0.0	(1.1)	(3.3)	(0.0)	(5.2)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Other Non-Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-Tax Income	19.2	17.8	8.6	5.9	11.4	21.0	3.5	1.4	5.1	15.1	5.6	(66.4)	(7.1)	(7.7)	(4.6)	(145.4)	6.4

Tax & Net
Income Tax Expense	1.5	5.2	3.1	1.4	2.5	8.0	1.2	(0.0)	1.2	2.1	3.7	(15.1)	(1.4)	(1.1)	(0.9)	(35.3)	1.0	4.0	0.2	0.6	2.6	2.7	0.8	2.5	1.0	3.6	(0.2)	1.9	(0.1)	3.3	1.8	2.3	1.9	1.8	3.3	2.5	3.8	4.4	0.1	4.2
Net Income From Continuing Ops	17.7	12.6	5.6	4.5	8.9	13.0	2.3	0.4	0.5	13.0	(3.3)	(51.2)	(5.7)	(6.5)	(3.8)	(110.0)	5.3
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	17.7	12.6	5.6	4.5	8.9	13.0	2.3	0.4	0.5	13.0	(3.3)	(51.2)	(5.7)	(6.5)	(3.8)	(110.0)	5.3
Net Income Attributable To Parent	17.7	12.6	5.6	4.5	8.9	13.0	2.3	0.4	0.5	13.0	(3.3)	(51.2)	(5.7)	(6.5)	(3.8)	(110.0)
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	1.5	1.5	1.5	-	1.5	1.5	1.5	-	-	-	-
Net Income To Common Shareholders	17.7	12.6	5.6	(0.3)	7.5	11.5	0.7	(1.2)	(1.0)	11.5	(4.9)	(52.7)	(7.2)	(6.6)	(3.8)

Per Share
EPS Basic	0.97	-	0.31	(0.02)	0.42	-	0.04	(0.07)	(0.06)	-	(0.27)	(2.94)	(0.38)	-	(0.20)	(5.83)	0.28	-	(0.01)	0.03	0.50	-	0.18	0.45	0.16	-	(0.10)	0.30	0.06	-	0.33	0.39	0.28	-	0.27	0.24	0.28	-	0.02	0.41
EPS Diluted	0.94	-	0.30	(0.02)	0.41	-	0.04	(0.06)	(0.06)	-	(0.27)	(2.93)	(0.38)	-	(0.20)	(5.82)	0.28	-
Shares Basic	18.3	-	18.1	18.0	17.8	-	17.7	17.6	17.5	-	17.8	17.9	19.0	-	18.9	18.9	18.8	-
Shares Diluted	18.8	-	18.8	18.6	18.4	-	18.2	18.1	17.8	-	17.8	18.0	19.1	-	18.9	18.9	18.9	-

Supplementary Data
EBITDA	25.8	23.1	13.6	11.1	16.2	25.4	9.2	7.5	10.3	21.0	13.4	(57.3)	2.4	7.6	7.0	(133.1)	13.3	24.8	5.6	4.5	13.3	12.7	6.5	12.4	6.0	12.4	0.9	9.6	5.4	15.8	11.2	12.4	10.7	17.3	12.3	11.0	13.1	16.0	5.3	15.5
EBIT	21.6	19.0	9.7	7.0	12.2	21.5	4.1	2.2	5.2	15.9	6.4	(65.3)	(5.4)	(0.3)	(1.0)	(141.3)	5.2	16.5	1.3