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American Public Education (APEI)

American Public Education (APEI)
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American Public Education, Inc. is an online provider of higher education, focused on serving the military and public service communities. The majority of students are either serving the U.S. military actively or are civilians who are indirectly associated with the military like veterans, reservists or National Guard members. Its students also include public service professionals in the civilian space, including federal, national and local law enforcement personnel. American Public Education segment (American Military University and American Public University System, Inc) offers 124-degree programs and 112 certificate programs in fields ranging from national security, military studies, intelligence, homeland security, criminal justice, technology, business administration, education, health science, education and liberal arts. Hondros College of Nursing segment provides nursing education through in-person classes and online. The students are offered Diploma in Practical Nursing and Associate Degree in Nursing.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Sales 163,220 162,770 164,550 164,110 153,120
Sales Growth +0.28% -1.08% +0.27% +7.18% +0.14%
Net Income 5,560 4,500 8,890 12,960 2,260
Net Income Growth +23.56% -49.38% -31.40% +473.45% +510.81%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Total Assets 525,300 537,370 578,660 570,100 569,590
Total Assets Growth -2.25% -7.14% +1.50% +0.09% +1.59%
Total Liabilities 245,960 265,130 268,650 266,220 279,170
Total Liabilities Growth -7.23% -1.31% +0.91% -4.64% +2.63%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Operating Cash Flow 73,520 51,810 37,000 48,870 47,270
Operating Cash Flow Growth +41.90% +40.03% -24.29% +3.38% +42.38%
Net Cash Flow 34,200 17,640 28,560 14,600 17,910
Change in Net Cash Flow +93.88% -38.24% +95.62% -18.48% +51.14%
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