AMERICAN PUBLIC EDUCATION INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $648.9M | $624.6M | $600.5M | $606.3M | $418.8M |
| Operating income | $47.9M | $33.1M | -$48.3M | -$137.3M | $30.4M |
| Cost of revenue | $297.0M | $295.7M | $292.9M | $288.5M | $172.6M |
| Cash from operations | $62.0M | $48.9M | $45.5M | $29.2M | $16.3M |
| Capital expenditure | $15.9M | $21.1M | $13.9M | $16.4M | $11.8M |
| Free cash flow | $46.1M | $27.8M | $31.6M | $12.8M | $4.4M |
| Share repurchases | $4.3M | $4.2M | $10.7M | $1.5M | $3.0M |
| Impairments | $0 | $0 | $53.0M | $131.4M | $0 |
| Total assets | $521.4M | $570.1M | $557.4M | $615.1M | $725.6M |
| Total liabilities | $226.6M | $266.2M | $265.4M | $265.3M | $310.0M |
| Total debt | $96.4M | $96.4M | $99.1M | $99.1M | $172.8M |
Shares outstanding 18.3M · Free float 80.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.