Financialsexperimental
AMERICAN PUBLIC EDUCATION INC (APEI). Every figure is as filed in the company's 10-Q and 10-K reports. Quarters a filing does not report on their own are worked out from its year-to-date figures and marked *.
USD in thousands · shares in thousands · per-share amounts in USD
| Income Statement | Q2 FY26 30 Jun 2026 | Q1 FY26 31 Mar 2026 | Q4 FY25 31 Dec 2025 | Q3 FY25 30 Sept 2025 | Q2 FY25 30 Jun 2025 | Q1 FY25 31 Mar 2025 | Q4 FY24 31 Dec 2024 | Q3 FY24 30 Sept 2024 | Q2 FY24 30 Jun 2024 | Q1 FY24 31 Mar 2024 | Q4 FY23 31 Dec 2023 | Q3 FY23 30 Sept 2023 | Q2 FY23 30 Jun 2023 | Q1 FY23 31 Mar 2023 | Q4 FY22 31 Dec 2022 | Q3 FY22 30 Sept 2022 | Q2 FY22 30 Jun 2022 | Q1 FY22 31 Mar 2022 | Q4 FY21 31 Dec 2021 | Q3 FY21 30 Sept 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 171,731 | 174,738 | 158,330* | 163,215 | 162,766 | 164,551 | 164,110* | 153,122 | 152,895 | 154,432 | 152,804* | 150,838 | 147,214 | 149,689 | 152,438* | 149,535 | 149,608 | 154,747 | 154,000* | 98,248 |
| Instructional costs and services | 76,640 | 74,630 | 68,955* | 74,698 | 78,423 | 74,944 | 71,661* | 75,401 | 76,216 | 72,425 | 70,747* | 73,228 | 74,998 | 73,889 | 72,868* | 71,817 | 72,089 | 71,698 | 67,365* | 42,544 |
| Selling and promotional | 40,115 | 37,867 | 30,860* | 36,139 | 35,048 | 35,205 | 29,057* | 33,459 | 33,838 | 32,456 | 26,750* | 33,315 | 32,966 | 39,924 | 38,567* | 40,917 | 35,846 | 39,319 | 32,967* | 23,458 |
| General and administrative | 37,492 | 36,290 | 35,339* | 34,689 | 38,147 | 36,407 | 36,228* | 35,030 | 34,426 | 36,277 | 31,332* | 30,885 | 32,533 | 33,489 | 31,173* | 29,667 | 29,923 | 29,589 | 27,800* | 26,598 |
| Depreciation and amortization | 3,953 | 4,154 | 4,122* | 3,946 | 4,088 | 3,992 | 3,863* | 5,080 | 5,232 | 5,128 | 5,081* | 7,026 | 7,953 | 7,756 | 7,878* | 7,982 | 8,119 | 8,148 | 8,271* | 4,386 |
| Impairment of goodwill and intangible assets | 0* | 0 | 0 | 0* | 0 | 64,000 | 2,000* | 0 | 144,900 | |||||||||||
| Loss on assets held for sale (Note 2) | 0 | 0 | 0* | 0 | 0 | -1,527 | ||||||||||||||
| Loss on disposals of long-lived assets | 5 | 154 | 87* | 92 | 35 | 230 | 148* | 23 | 184 | 28 | 537* | -16 | 32 | 1 | 214* | 178 | -9 | 793 | 1,100* | -0 |
| Loss on sale of subsidiary (Note 2) | -0* | 3,877 | ||||||||||||||||||
| Total costs and expenses | 158,205 | 153,095 | 139,363* | 153,518 | 155,741 | 152,305 | 142,575* | 148,993 | 150,675 | 149,250 | 136,872* | 144,438 | 212,482 | 155,059 | 152,700* | 150,561 | 290,868 | 149,547 | 137,503* | 96,986 |
| Income from operations before interest and income taxes | 13,526 | 21,643 | 18,967* | 9,697 | 7,025 | 12,246 | 21,535* | 4,129 | 2,220 | 5,182 | 15,932* | 6,400 | -65,268 | -5,370 | -262* | -1,026 | -141,260 | 5,200 | 16,497* | 1,262 |
| Gain on acquisition | 4,533 | |||||||||||||||||||
| Loss on leases (Note 7) | -0* | 77 | -0 | -0 | -0* | -0 | 779 | 2,936 | ||||||||||||
| Loss on extinguishment of debt | 0 | -1,672 | ||||||||||||||||||
| Interest income (expense), net | 634 | -725 | -1,166* | -1,069 | -1,108 | -887 | -585* | -631 | -785 | -126 | -791* | -792 | -1,097 | -1,779 | -7,389* | -3,594 | -3,390 | -3,355 | -3,110* | -1,305 |
| Gain on acquisition (Note 3) | 0* | 0 | 0 | 0 | 0* | 0 | -705 | |||||||||||||
| Income before income taxes | 14,160 | 19,246 | ||||||||||||||||||
| Income tax expense (Note 2) | 4,387 | 1,515 | 5,193* | 3,068 | 1,421 | 2,466 | 7,986* | 1,236 | -16 | 1,213 | 2,124* | 3,712 | -15,137 | -1,414 | -1,124* | -860 | -35,332 | 1,040 | 4,002* | 224 |
| (Loss) income from operations before income taxes | 17,801* | 8,628 | 5,917 | 11,359 | 20,950* | 3,498 | 1,435 | 5,056 | 15,141* | 5,608 | -66,365 | -7,149 | -7,651* | -4,620 | -145,355 | 6,378 | 13,387* | -43 | ||
| Net income | 9,773 | 17,731 | 12,608* | 5,560 | 4,496 | 8,893 | 12,964* | 2,262 | 371 | 516 | 13,014* | -3,328 | -51,232 | -5,740 | -6,535* | -3,762 | -110,029 | 5,333 | 9,381* | -267 |
| Preferred stock dividends | 0 | 0 | 0* | 0 | 1,319 | 1,432 | 1,459* | 1,531 | 1,531 | 1,535 | 1,539* | 1,525 | 1,487 | 1,457 | ||||||
| Equity investment loss | 0* | 0 | 0 | 0 | 0* | 0 | -1,080 | -3,327 | -3* | -5,224 | -4 | -5 | -8* | -2 | -6 | -5 | -4* | 0 | ||
| Loss on redemption of preferred stock | 0 | 0* | 0 | 3,501 | ||||||||||||||||
| Net income (loss) available to common stockholders basic | 9,773 | 17,731 | 12,608* | 5,560 | -324 | 7,461 | 11,505* | 731 | -1,160 | -1,019 | 11,475* | -4,853 | -52,719 | -7,197 | ||||||
| Net income (loss) available to common stockholders diluted | 9,773 | 17,731 | 12,608* | 5,560 | -324 | 7,461 | 11,505* | 731 | -1,160 | -1,019 | 11,475* | -4,853 | -52,719 | -7,197 | ||||||
| Basic (in dollars per share) | 0.53 | 0.97 | 0.31 | -0.02 | 0.42 | 0.04 | -0.07 | -0.06 | -0.27 | -2.94 | -0.38 | -0.2 | -5.83 | 0.28 | -0.01 | |||||
| Diluted (in dollars per share) | 0.52 | 0.94 | 0.3 | -0.02 | 0.41 | 0.04 | -0.06 | -0.06 | -0.27 | -2.93 | -0.38 | -0.2 | -5.82 | 0.28 | -0.01 | |||||
| Basic (in shares) | 18,362 | 18,282 | 18,070 | 18,034 | 17,840 | 17,679 | 17,627 | 17,510 | 17,778 | 17,932 | 18,982 | 18,885 | 18,865 | 18,805 | 18,700 | |||||
| Diluted (in shares) | 18,810 | 18,804 | 18,755 | 18,597 | 18,417 | 18,247 | 18,134 | 17,811 | 17,820 | 17,991 | 19,072 | 18,927 | 18,907 | 18,879 | 18,855 |