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 TTM

0 250M 500M 750M Q2 '09: 127.8M Q3 '09: 136.8M Q4 '09: 149M Q1 '10: 163.1M Q2 '10: 173.7M Q3 '10: 185.5M Q4 '10: 198.2M Q1 '11: 209.5M Q2 '11: 224.1M Q3 '11: 241M Q4 '11: 260.4M Q1 '12: 277.5M Q2 '12: 291.3M Q3 '12: 303.2M Q4 '12: 313.5M Q1 '13: 321.5M Q2 '13: 327.9M Q3 '13: 332.5M Q4 '13: 329.5M Q1 '14: 334.2M Q2 '14: 338.7M Q2 '15: 341.7M Q3 '15: 333.3M Q4 '15: 327.9M Q1 '16: 326.4M Q2 '16: 322.9M Q3 '16: 320.4M Q4 '16: 313.1M Q1 '17: 304.9M Q2 '17: 300.3M Q3 '17: 299.8M Q4 '17: 299.2M Q1 '18: 298.5M Q2 '18: 299.1M Q3 '18: 298.8M Q4 '18: 297.7M Q1 '19: 296.2M Q2 '19: 293.9M Q3 '19: 288.8M Q4 '19: 286.3M Q1 '20: 287.4M Q2 '20: 299M Q3 '20: 310.3M Q4 '20: 321.8M Q1 '21: 335.7M Q2 '21: 331.6M Q3 '21: 350.7M Q4 '21: 418.8M Q1 '22: 485M Q2 '22: 556.6M Q3 '22: 607.9M Q4 '22: 606.3M Q1 '23: 601.3M Q2 '23: 598.9M Q3 '23: 600.2M Q4 '23: 600.5M Q1 '24: 605.3M Q2 '24: 611M Q3 '24: 613.3M Q4 '24: 624.6M Q1 '25: 634.7M Q2 '25: 644.5M Q3 '25: 654.6M Q4 '25: 648.9M Q1 '26: 659M Q2 '26: 668M Q4 '09 Q1 '12 Q2 '14 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Gross Profit TTM

0 150M 300M 450M Q4 '18: 182.4M Q1 '19: 182.7M Q2 '19: 180.7M Q3 '19: 176.5M Q4 '19: 174.4M Q1 '20: 174.2M Q2 '20: 183.8M Q3 '20: 191.2M Q4 '20: 199.6M Q1 '21: 210.5M Q2 '21: 206.7M Q3 '21: 214.4M Q4 '21: 246.2M Q1 '22: 273M Q2 '22: 302.9M Q3 '22: 324.9M Q4 '22: 317.9M Q1 '23: 310.6M Q2 '23: 305.3M Q3 '23: 305.2M Q4 '23: 307.7M Q1 '24: 313.9M Q2 '24: 318.4M Q3 '24: 318.5M Q4 '24: 328.9M Q1 '25: 336.5M Q2 '25: 344.1M Q3 '25: 354.9M Q4 '25: 351.8M Q1 '26: 362.3M Q2 '26: 373.1M Q2 '19 Q2 '20 Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q2 '26

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

Operating Income TTM

-180M -120M -60M 0 60M 120M 180M Q2 '09: 32M Q3 '09: 34.2M Q4 '09: 39.9M Q1 '10: 44.3M Q2 '10: 47.2M Q3 '10: 48.2M Q4 '10: 50M Q1 '11: 50M Q2 '11: 53.1M Q3 '11: 58.8M Q4 '11: 62.9M Q1 '12: 64.7M Q2 '12: 64.8M Q3 '12: 67.2M Q4 '12: 68.9M Q1 '13: 72.3M Q2 '13: 74.5M Q3 '13: 74.5M Q4 '13: 67.5M Q1 '14: 66M Q2 '14: 64.7M Q2 '15: 59.3M Q3 '15: 55.2M Q4 '15: 52.3M Q1 '16: 53.8M Q2 '16: 52.9M Q3 '16: 42.7M Q4 '16: 38.3M Q1 '17: 30.6M Q2 '17: 26.3M Q3 '17: 33.5M Q4 '17: 34.9M Q1 '18: 32.7M Q2 '18: 34.4M Q3 '18: 33.7M Q4 '18: 32.5M Q1 '19: 27.7M Q2 '19: 25.4M Q3 '19: 15.6M Q4 '19: 12.8M Q1 '20: 14.1M Q2 '20: 17.4M Q3 '20: 23.7M Q4 '20: 24.8M Q1 '21: 32.7M Q2 '21: 25.6M Q3 '21: 23.6M Q4 '21: 30.4M Q1 '22: 24.9M Q2 '22: -118.3M Q3 '22: -120.6M Q4 '22: -137.3M Q1 '23: -147.9M Q2 '23: -71.9M Q3 '23: -64.5M Q4 '23: -48.3M Q1 '24: -37.8M Q2 '24: 29.7M Q3 '24: 27.5M Q4 '24: 33.1M Q1 '25: 40.1M Q2 '25: 44.9M Q3 '25: 50.5M Q4 '25: 47.9M Q1 '26: 57.3M Q2 '26: 63.8M Q4 '09 Q1 '12 Q2 '14 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Net Income TTM

-150M -100M -50M 0 50M 100M 150M Q2 '09: 19.4M Q3 '09: 20.6M Q4 '09: 23.9M Q1 '10: 26.4M Q2 '10: 28.1M Q3 '10: 28.6M Q4 '10: 29.9M Q1 '11: 30.1M Q2 '11: 32M Q3 '11: 37.4M Q4 '11: 40.8M Q1 '12: 42M Q2 '12: 42.2M Q3 '12: 42.1M Q4 '12: 42.3M Q1 '13: 44.6M Q2 '13: 46.1M Q3 '13: 46.2M Q4 '13: 42M Q1 '14: 41.1M Q2 '14: 40.1M Q2 '15: 36.5M Q3 '15: 34.4M Q4 '15: 32.4M Q1 '16: 34M Q2 '16: 33.5M Q3 '16: 27.1M Q4 '16: 24.2M Q1 '17: 18.3M Q2 '17: 15.6M Q3 '17: 19.6M Q4 '17: 21.1M Q1 '18: 21.2M Q2 '18: 23.8M Q3 '18: 25M Q4 '18: 25.6M Q1 '19: 22.1M Q2 '19: 20.5M Q3 '19: 13.4M Q4 '19: 10M Q1 '20: 11.4M Q2 '20: 13.2M Q3 '20: 17.5M Q4 '20: 18.8M Q1 '21: 24.5M Q2 '21: 18.4M Q3 '21: 15.4M Q4 '21: 17.8M Q1 '22: 15M Q2 '22: -95.6M Q3 '22: -99.1M Q4 '22: -115M Q1 '23: -126.1M Q2 '23: -67.3M Q3 '23: -66.8M Q4 '23: -48.8M Q1 '24: -42.6M Q2 '24: 9M Q3 '24: 14.6M Q4 '24: 16.1M Q1 '25: 24.5M Q2 '25: 28.6M Q3 '25: 31.9M Q4 '25: 31.6M Q1 '26: 40.4M Q2 '26: 45.7M Q4 '09 Q1 '12 Q2 '14 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Cost of Revenue TTM

0 150M 300M 450M Q4 '18: 115.3M Q1 '19: 113.5M Q2 '19: 113.3M Q3 '19: 112.3M Q4 '19: 111.9M Q1 '20: 113.2M Q2 '20: 115.2M Q3 '20: 119.1M Q4 '20: 122.2M Q1 '21: 125.2M Q2 '21: 124.9M Q3 '21: 136.4M Q4 '21: 172.6M Q1 '22: 212M Q2 '22: 253.7M Q3 '22: 283M Q4 '22: 288.5M Q1 '23: 290.7M Q2 '23: 293.6M Q3 '23: 295M Q4 '23: 292.9M Q1 '24: 291.4M Q2 '24: 292.6M Q3 '24: 294.8M Q4 '24: 295.7M Q1 '25: 298.2M Q2 '25: 300.4M Q3 '25: 299.7M Q4 '25: 297M Q1 '26: 296.7M Q2 '26: 294.9M Q2 '19 Q2 '20 Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q2 '26

Operating Cash Flow TTM

0 30M 60M 90M Q3 '09: 32.7M Q4 '09: 36.8M Q1 '10: 44.7M Q2 '10: 42.3M Q3 '10: 46.8M Q4 '10: 47.1M Q1 '11: 52.8M Q2 '11: 54.6M Q3 '11: 61.7M Q4 '11: 70.4M Q1 '12: 65.4M Q2 '12: 67.5M Q3 '12: 57.4M Q4 '12: 52.9M Q1 '13: 58.7M Q2 '13: 64.9M Q3 '13: 72.6M Q4 '13: 59.4M Q1 '14: 51.3M Q2 '14: 47M Q3 '14: 52.4M Q4 '14: 61M Q1 '15: 55.7M Q2 '15: 61.5M Q3 '15: 56.7M Q4 '15: 57M Q1 '16: 69.9M Q2 '16: 63.1M Q3 '16: 56.9M Q4 '16: 56M Q1 '17: 41M Q2 '17: 43.5M Q3 '17: 42.6M Q4 '17: 47.9M Q1 '18: 53.1M Q2 '18: 51.2M Q3 '18: 44.2M Q4 '18: 44.2M Q1 '19: 41.8M Q2 '19: 48.3M Q3 '19: 50.6M Q4 '19: 38.4M Q1 '20: 42M Q2 '20: 46.4M Q3 '20: 51.2M Q4 '20: 44.8M Q1 '21: 44.5M Q2 '21: 22M Q3 '21: 656K Q4 '21: 16.3M Q1 '22: 30.3M Q2 '22: 52.8M Q3 '22: 67.9M Q4 '24: 48.9M Q1 '25: 65.1M Q2 '25: 67.5M Q3 '25: 75.1M Q3 '09 Q3 '11 Q3 '13 Q3 '15 Q3 '17 Q3 '19 Q3 '21 Q3 '25

Free Cash Flow TTM

-25M 0 25M 50M 75M Q3 '09: 21.4M Q4 '09: 26M Q1 '10: 32M Q2 '10: 27.4M Q3 '10: 29.8M Q4 '10: 24.6M Q1 '11: 30.4M Q2 '11: 33.8M Q3 '11: 39.5M Q4 '11: 45.5M Q1 '12: 37.5M Q2 '12: 30.4M Q3 '12: 17.8M Q4 '12: 17.9M Q1 '13: 24.3M Q2 '13: 37.9M Q3 '13: 51M Q4 '13: 38.8M Q1 '14: 31.9M Q2 '14: 28.1M Q3 '15: 27.7M Q4 '15: 31M Q1 '16: 46M Q2 '16: 42.9M Q3 '16: 40.8M Q4 '16: 39.6M Q1 '17: 26.1M Q2 '17: 30.2M Q3 '17: 29.3M Q4 '17: 33.1M Q1 '18: 38.3M Q2 '18: 36.7M Q3 '18: 30.9M Q4 '18: 35M Q1 '19: 32.7M Q2 '19: 39.7M Q3 '19: 42.3M Q4 '19: 31.1M Q1 '20: 34.5M Q2 '20: 39.2M Q3 '20: 43.9M Q4 '20: 39.9M Q1 '21: 39.9M Q2 '21: 16.9M Q3 '21: -5.9M Q4 '21: 4.4M Q1 '22: 17M Q2 '22: 36.6M Q3 '22: 51M Q4 '24: 27.8M Q1 '25: 46.4M Q2 '25: 50.2M Q3 '25: 60M Q2 '10 Q1 '12 Q4 '13 Q3 '16 Q2 '18 Q1 '20 Q4 '21 Q3 '25

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.