AMERICAN PUBLIC EDUCATION INC (APEI)

Every figure below is the company's own, as filed. Nothing is estimated and nothing is smoothed — a period the filing does not support is left blank rather than drawn. Quarters are the company's own, counted from its financial year ending 12-31. Amounts in USD.

Revenue Quarterly

0 60M 120M 180M Q3 '08: 27.4M Q4 '08: 31.5M Q1 '09: 33.2M Q2 '09: 35.7M Q3 '09: 36.5M Q4 '09: 43.7M Q1 '10: 47.3M Q2 '10: 46.3M Q3 '10: 48.3M Q4 '10: 56.3M Q1 '11: 58.7M Q2 '11: 60.8M Q3 '11: 65.3M Q4 '11: 75.7M Q1 '12: 75.8M Q2 '12: 74.6M Q3 '12: 77.1M Q4 '12: 86M Q1 '13: 83.8M Q2 '13: 80.9M Q3 '13: 81.8M Q4 '13: 82.9M Q1 '14: 88.6M Q2 '14: 85.5M Q2 '14: 85.5M Q3 '14: 84.7M Q3 '14: 84.7M Q4 '14: 91.3M Q1 '15: 85.4M Q2 '15: 80.3M Q3 '15: 76.3M Q4 '15: 85.9M Q1 '16: 84M Q2 '16: 76.7M Q3 '16: 73.8M Q4 '16: 78.6M Q1 '17: 75.7M Q2 '17: 72.2M Q3 '17: 73.3M Q4 '17: 78.1M Q1 '18: 75M Q2 '18: 72.8M Q3 '18: 73M Q4 '18: 76.9M Q1 '19: 73.4M Q2 '19: 70.6M Q3 '19: 67.9M Q4 '19: 74.4M Q1 '20: 74.6M Q2 '20: 82.1M Q3 '20: 79.1M Q4 '20: 85.9M Q1 '21: 88.5M Q2 '21: 78M Q3 '21: 98.2M Q4 '21: 154M Q1 '22: 154.7M Q2 '22: 149.6M Q3 '22: 149.5M Q4 '22: 152.4M Q1 '23: 149.7M Q2 '23: 147.2M Q3 '23: 150.8M Q4 '23: 152.8M Q1 '24: 154.4M Q2 '24: 152.9M Q3 '24: 153.1M Q4 '24: 164.1M Q1 '25: 164.6M Q2 '25: 162.8M Q3 '25: 163.2M Q4 '25: 158.3M Q1 '26: 174.7M Q2 '26: 171.7M Q2 '09 Q4 '11 Q2 '14 Q2 '16 Q4 '18 Q2 '21 Q4 '23 Q2 '26

Gross Profit Quarterly

0 35M 70M 105M Q1 '18: 45.3M Q2 '18: 43.8M Q3 '18: 44.8M Q4 '18: 48.5M Q1 '19: 45.5M Q2 '19: 41.8M Q3 '19: 40.6M Q4 '19: 46.4M Q1 '20: 45.4M Q2 '20: 51.4M Q3 '20: 48M Q4 '20: 54.8M Q1 '21: 56.2M Q2 '21: 47.6M Q3 '21: 55.7M Q4 '21: 86.6M Q1 '22: 83M Q2 '22: 77.5M Q3 '22: 77.7M Q4 '22: 79.6M Q1 '23: 75.8M Q2 '23: 72.2M Q3 '23: 77.6M Q4 '23: 82.1M Q1 '24: 82M Q2 '24: 76.7M Q3 '24: 77.7M Q4 '24: 92.4M Q1 '25: 89.6M Q2 '25: 84.3M Q3 '25: 88.5M Q4 '25: 89.4M Q1 '26: 100.1M Q2 '26: 95.1M Q4 '18 Q1 '20 Q2 '21 Q3 '22 Q4 '23 Q1 '25 Q2 '26

Revenue minus cost of sales. This filer tags no gross profit of its own..

Operating Income Quarterly

-150M -100M -50M 0 50M 100M 150M Q3 '08: 6.2M Q4 '08: 8.3M Q1 '09: 8.7M Q2 '09: 8.8M Q3 '09: 8.4M Q4 '09: 14M Q1 '10: 13.1M Q2 '10: 11.7M Q3 '10: 9.3M Q4 '10: 15.8M Q1 '11: 13.1M Q2 '11: 14.9M Q3 '11: 15M Q4 '11: 19.9M Q1 '12: 14.9M Q2 '12: 15M Q3 '12: 17.5M Q4 '12: 21.5M Q1 '13: 18.2M Q2 '13: 17.2M Q3 '13: 17.5M Q4 '13: 14.6M Q1 '14: 16.7M Q2 '14: 15.8M Q2 '14: 15.8M Q3 '14: 14.6M Q3 '14: 14.6M Q4 '14: 18.6M Q1 '15: 14.5M Q2 '15: 11.6M Q3 '15: 10.5M Q4 '15: 15.7M Q1 '16: 16M Q2 '16: 10.7M Q3 '16: 392K Q4 '16: 11.3M Q1 '17: 8.3M Q2 '17: 6.3M Q3 '17: 7.6M Q4 '17: 12.6M Q1 '18: 6.2M Q2 '18: 8M Q3 '18: 6.9M Q4 '18: 11.4M Q1 '19: 1.4M Q2 '19: 5.7M Q3 '19: -2.9M Q4 '19: 8.6M Q1 '20: 2.7M Q2 '20: 9M Q3 '20: 3.3M Q4 '20: 9.7M Q1 '21: 10.6M Q2 '21: 2M Q3 '21: 1.3M Q4 '21: 16.5M Q1 '22: 5.2M Q2 '22: -141.3M Q3 '22: -1M Q4 '22: -262K Q1 '23: -5.4M Q2 '23: -65.3M Q3 '23: 6.4M Q4 '23: 15.9M Q1 '24: 5.2M Q2 '24: 2.2M Q3 '24: 4.1M Q4 '24: 21.5M Q1 '25: 12.2M Q2 '25: 7M Q3 '25: 9.7M Q4 '25: 19M Q1 '26: 21.6M Q2 '26: 13.5M Q2 '09 Q4 '11 Q2 '14 Q2 '16 Q4 '18 Q2 '21 Q4 '23 Q2 '26

Net Income Quarterly

-120M -80M -40M 0 40M 80M 120M Q3 '08: 3.8M Q4 '08: 5M Q1 '09: 5.2M Q2 '09: 5.3M Q3 '09: 5M Q4 '09: 8.4M Q1 '10: 7.6M Q2 '10: 7M Q3 '10: 5.6M Q4 '10: 9.6M Q1 '11: 7.9M Q2 '11: 9M Q3 '11: 10.9M Q4 '11: 13M Q1 '12: 9.1M Q2 '12: 9.2M Q3 '12: 10.8M Q4 '12: 13.2M Q1 '13: 11.4M Q2 '13: 10.8M Q3 '13: 10.9M Q4 '13: 9M Q1 '14: 10.4M Q2 '14: 9.8M Q2 '14: 9.8M Q3 '14: 8.8M Q3 '14: 8.8M Q4 '14: 11.8M Q1 '15: 8.8M Q2 '15: 7.1M Q3 '15: 6.8M Q4 '15: 9.8M Q1 '16: 10.3M Q2 '16: 6.6M Q3 '16: 326K Q4 '16: 6.9M Q1 '17: 4.5M Q2 '17: 3.8M Q3 '17: 4.4M Q4 '17: 8.4M Q1 '18: 4.6M Q2 '18: 6.5M Q3 '18: 5.5M Q4 '18: 9.1M Q1 '19: 1M Q2 '19: 4.9M Q3 '19: -1.6M Q4 '19: 5.7M Q1 '20: 2.4M Q2 '20: 6.7M Q3 '20: 2.6M Q4 '20: 7.1M Q1 '21: 8.1M Q2 '21: 531K Q3 '21: -267K Q4 '21: 9.4M Q1 '22: 5.3M Q2 '22: -110M Q3 '22: -3.8M Q4 '22: -6.5M Q1 '23: -5.7M Q2 '23: -51.2M Q3 '23: -3.3M Q4 '23: 11.5M Q1 '24: 516K Q2 '24: 371K Q3 '24: 2.3M Q4 '24: 13M Q1 '25: 8.9M Q2 '25: 4.5M Q3 '25: 5.6M Q4 '25: 12.6M Q1 '26: 17.7M Q2 '26: 9.8M Q2 '09 Q4 '11 Q2 '14 Q2 '16 Q4 '18 Q2 '21 Q4 '23 Q2 '26

Cost of Revenue Quarterly

0 30M 60M 90M Q1 '18: 29.7M Q2 '18: 29M Q3 '18: 28.2M Q4 '18: 28.4M Q1 '19: 27.9M Q2 '19: 28.7M Q3 '19: 27.3M Q4 '19: 28M Q1 '20: 29.2M Q2 '20: 30.7M Q3 '20: 31.1M Q4 '20: 31.1M Q1 '21: 32.3M Q2 '21: 30.4M Q3 '21: 42.5M Q4 '21: 67.4M Q1 '22: 71.7M Q2 '22: 72.1M Q3 '22: 71.8M Q4 '22: 72.9M Q1 '23: 73.9M Q2 '23: 75M Q3 '23: 73.2M Q4 '23: 70.7M Q1 '24: 72.4M Q2 '24: 76.2M Q3 '24: 75.4M Q4 '24: 71.7M Q1 '25: 74.9M Q2 '25: 78.4M Q3 '25: 74.7M Q4 '25: 69M Q1 '26: 74.6M Q2 '26: 76.6M Q4 '18 Q1 '20 Q2 '21 Q3 '22 Q4 '23 Q1 '25 Q2 '26

Operating Cash Flow Quarterly

-25M 0 25M 50M 75M Q4 '08: 9.8M Q1 '09: 6.3M Q2 '09: 6.4M Q3 '09: 10.2M Q4 '09: 13.9M Q1 '10: 14.2M Q2 '10: 4M Q3 '10: 14.7M Q4 '10: 14.2M Q1 '11: 19.9M Q2 '11: 5.8M Q3 '11: 21.8M Q4 '11: 22.9M Q1 '12: 14.8M Q2 '12: 7.8M Q3 '12: 11.8M Q4 '12: 18.4M Q1 '13: 20.6M Q2 '13: 14M Q3 '13: 19.6M Q4 '13: 5.2M Q1 '14: 12.4M Q2 '14: 9.8M Q3 '14: 24.9M Q4 '14: 13.9M Q1 '15: 7.1M Q2 '15: 15.6M Q3 '15: 20.1M Q4 '15: 14.2M Q1 '16: 20.1M Q2 '16: 8.7M Q3 '16: 13.9M Q4 '16: 13.3M Q1 '17: 5.1M Q2 '17: 11.2M Q3 '17: 13M Q4 '17: 18.7M Q1 '18: 10.2M Q2 '18: 9.3M Q3 '18: 6M Q4 '18: 18.6M Q1 '19: 7.9M Q2 '19: 15.8M Q3 '19: 8.2M Q4 '19: 6.4M Q1 '20: 11.5M Q2 '20: 20.2M Q3 '20: 13M Q4 '20: 77K Q1 '21: 11.2M Q2 '21: -2.3M Q3 '21: -8.3M Q4 '21: 15.7M Q1 '22: 25.3M Q2 '22: 20.1M Q3 '22: 6.9M Q1 '23: 12.8M Q2 '23: 15.7M Q3 '23: 20.2M Q1 '24: 20.7M Q2 '24: 12.5M Q3 '24: 14.1M Q4 '24: 1.6M Q1 '25: 37M Q2 '25: 14.8M Q3 '25: 21.7M Q1 '26: 63.3M Q2 '26: 12.1M Q4 '09 Q1 '12 Q2 '14 Q3 '16 Q4 '18 Q1 '21 Q3 '23 Q2 '26

Free Cash Flow Quarterly

-25M 0 25M 50M 75M Q4 '08: 6.4M Q1 '09: 4.5M Q2 '09: 3.7M Q3 '09: 6.8M Q4 '09: 10.9M Q1 '10: 10.5M Q2 '10: -797K Q3 '10: 9.2M Q4 '10: 5.8M Q1 '11: 16.3M Q2 '11: 2.6M Q3 '11: 14.8M Q4 '11: 11.8M Q1 '12: 8.3M Q2 '12: -4.5M Q3 '12: 2.2M Q4 '12: 11.9M Q1 '13: 14.7M Q2 '13: 9.1M Q3 '13: 15.4M Q4 '13: -341K Q1 '14: 7.8M Q2 '14: 5.2M Q3 '14: 18.9M Q4 '14: 4.5M Q1 '15: 1.9M Q2 '15: 8.1M Q3 '15: 13.3M Q4 '15: 7.8M Q1 '16: 16.9M Q2 '16: 5M Q3 '16: 11.1M Q4 '16: 6.6M Q1 '17: 3.4M Q2 '17: 9.1M Q3 '17: 10.2M Q4 '17: 10.4M Q1 '18: 8.6M Q2 '18: 7.4M Q3 '18: 4.4M Q4 '18: 14.5M Q1 '19: 6.3M Q2 '19: 14.5M Q3 '19: 7M Q4 '19: 3.3M Q1 '20: 9.7M Q2 '20: 19.2M Q3 '20: 11.7M Q4 '20: -678K Q1 '21: 9.7M Q2 '21: -3.8M Q3 '21: -11.1M Q4 '21: 9.7M Q1 '22: 22.3M Q2 '22: 15.8M Q3 '22: 3.3M Q1 '23: 9.6M Q2 '23: 12.4M Q3 '23: 17.2M Q1 '24: 14.5M Q2 '24: 7.3M Q3 '24: 7.8M Q4 '24: -1.8M Q1 '25: 33.1M Q2 '25: 11.1M Q3 '25: 17.5M Q1 '26: 60.8M Q2 '26: 7.4M Q4 '09 Q1 '12 Q2 '14 Q3 '16 Q4 '18 Q1 '21 Q3 '23 Q2 '26

Operating cash flow minus capital expenditure.

Shares Outstanding Quarterly

0 7B 14B 21B Q3 '08: 18.9M Q1 '09: 18.9M Q2 '09: 18.9M Q3 '09: 18.9M Q1 '10: 19M Q2 '10: 19M Q3 '10: 18.9M Q1 '11: 18.4B Q2 '11: 18.3M Q3 '11: 18.3M Q1 '12: 18.2M Q2 '12: 18.2M Q3 '12: 18M Q1 '13: 18M Q2 '13: 17.8M Q3 '13: 17.9M Q1 '14: 17.8M Q2 '14: 17.5M Q2 '14: 17.5M Q3 '14: 17.4M Q3 '14: 17.4M Q1 '15: 17.4M Q2 '15: 16.9M Q3 '15: 16.7M Q1 '16: 16.2M Q2 '16: 16.2M Q3 '16: 16.2M Q1 '17: 16.3M Q2 '17: 16.4M Q3 '17: 16.4M Q1 '18: 16.5M Q2 '18: 16.6M Q3 '18: 16.7M Q1 '19: 16.7M Q2 '19: 16.7M Q3 '19: 16.1M Q1 '20: 15.1M Q2 '20: 14.9M Q3 '20: 15M Q1 '21: 16.4M Q2 '21: 18.8M Q3 '21: 18.9M Q1 '22: 18.9M Q2 '22: 18.9M Q3 '22: 18.9M Q1 '23: 19.1M Q2 '23: 18M Q3 '23: 17.8M Q1 '24: 17.8M Q2 '24: 18.1M Q3 '24: 18.2M Q1 '25: 18.4M Q2 '25: 18.6M Q3 '25: 18.8M Q1 '26: 18.8M Q2 '26: 18.8M Q3 '10 Q1 '13 Q3 '14 Q1 '17 Q2 '19 Q3 '21 Q1 '24 Q2 '26

Weighted average diluted, as the filer reports it for each period. An average cannot be added across periods, so this one is always shown per period the filer tagged rather than as a trailing year.

EPS TTM

-7.50 -5.00 -2.50 0.00 2.50 5.00 7.50 Q2 '09: 1.03 Q3 '09: 1.10 Q4 '09: 1.28 Q1 '10: 1.40 Q2 '10: 1.49 Q3 '10: 1.52 Q4 '10: 1.59 Q1 '12: 2.30 Q2 '12: 2.32 Q3 '12: 2.32 Q4 '12: 2.35 Q1 '13: 2.48 Q2 '13: 2.57 Q3 '13: 2.58 Q4 '13: 2.35 Q1 '14: 2.31 Q2 '14: 2.27 Q2 '15: 2.12 Q3 '15: 2.02 Q4 '15: 1.94 Q1 '16: 2.07 Q2 '16: 2.06 Q3 '16: 1.67 Q4 '16: 1.49 Q1 '17: 1.13 Q2 '17: 0.95 Q3 '17: 1.20 Q4 '17: 1.29 Q1 '18: 1.29 Q2 '18: 1.45 Q3 '18: 1.51 Q4 '18: 1.55 Q1 '19: 1.33 Q2 '19: 1.24 Q3 '19: 0.81 Q4 '19: 0.63 Q1 '20: 0.73 Q2 '20: 0.88 Q3 '20: 1.16 Q4 '20: 1.26 Q1 '21: 1.59 Q2 '21: 1.17 Q3 '21: 0.98 Q4 '21: 1.01 Q1 '22: 0.80 Q2 '22: -5.05 Q3 '22: -5.24 Q4 '22: -6.09 Q1 '23: -6.75 Q2 '23: -3.86 Q3 '23: -3.93 Q4 '23: -2.94 Q1 '24: -2.62 Q2 '24: 0.25 Q2 '26: 2.43 Q3 '10 Q2 '13 Q4 '15 Q3 '17 Q2 '19 Q1 '21 Q4 '22 Q2 '26

The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.