NASDAQ · SERVICES-EDUCATIONAL SERVICES · MID CAP
American Public Education, Inc. APEI
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$648.9M
▲ 3.9% vs FY2024
EPS · FY25
$1.36
Dividend / sh · FY25
—
Payout · FY25
—
ROE · FY25
10.5%
Net margin · FY25
4.9%
Dividend coverage
—
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Result
USD 648.9M
Revenue, FY2025 · full 19-year series below
Revenue
Net income
5 cents of every revenue dollar became profit this year.
Per share
USD 1.36
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
10.5%
Return on equity, FY2025
ROE
Operating margin7.4%
Net margin4.9%
Return on assets5.8%
Each USD of equity produced 11 cents of profit this year.
Returned to shareholders
USD 3.1M
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacksUSD 3.1M
Share of profit9.7%
Consecutive raises—
USD 3.1M in buybacks — 10% of the year's profit went back to shareholders.
Growth
+15.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.3%
+15.1%
+7.1%
+8.2%
Net income
+10.9%
−0.3%
+0.4%
EPS, diluted
+1.7%
−3.4%
−1.0%
Returned to shareholders
+25.7%
−27.9%
−21.7%
−11.5%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.02B
Shares outstanding, FY2025
Change, 5 years+22.4%
Change, 10 years+13.4%
The share count grew 22% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 521.4M
total assets, end of FY2025
Total assetsUSD 521.4M
EquityUSD 294.8M
CashUSD 174.1M
Gross debtUSD 94.7M
Net debtUSD -79.4M
Current ratio3.46×
The company holds more cash than debt.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
0.6
0.6
0.6
0.6
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.3
0.3
0.3
0.2
0.1
0.1
0.1
Operating income $B
0.0
0.0
−0.0
−0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
EBITDA $B
0.1
0.0
−0.0
−0.1
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
·
·
Income tax $B
0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.0
0.0
−0.0
−0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
1.36
0.55
−2.93
−6.08
0.97
1.25
0.62
1.54
1.29
1.49
1.93
2.33
2.35
2.35
2.23
1.59
1.27
0.86
0.64
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
1071
ROE %
10.5
5.4
−14.7
−30.1
4.9
6.2
3.2
8.4
7.6
9.6
13.8
18.5
22.2
27.8
35.3
33.3
35.3
37.2
26.1
Shares out B
0.02
0.02
0.02
0.02
0.02
0.01
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed