AMERICAN PUBLIC EDUCATION INC
APEINasdaq
$50.71
↓ -0.9%Jul 17 close · end-of-day
Price
1Y↑ +65.7%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$953.6M
Enterprise Value
$1.0B
P/E
26.8
P/S
1.4
P/B
3.1
EV/EBITDA
14.1
PEG
—
FCF Yield
7.7%
Dividend Yield
—
Revenue (TTM)
$659.0M
Net Income (TTM)
$40.4M
Free Cash Flow (TTM)
$73.8M
Gross Margin
—
Operating Margin
8.7%
Net Margin
6.1%
ROE
13.2%
ROIC
11.4%
Debt / Equity
0.3
Net Cash
-$88.3M
Return 1Y
+65.5%
Company profile
American Public Education, Inc., together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 certificate programs in various fields of study.
- CEO
- Angela K. Selden
- Sector
- Services
- Industry
- Personal Services
- Employees
- 5,800
- Headquarters
- West Virginia
- Website
- apei.com
Management & directors
- Beckett ThomasSVP, General Counsel
- Kenigsberg JamesInt Chief Inno & Tech Officer
- Fernandes Nuno S.President, APUS
- Gaffney KarmelaSVP, Chief Marketing Officer
- Axenson Tanya JoySVP, Chief HR Officer
- Arnold Mark L.President, Rasmussen
- Selden Angela K.President and CEO
- Codispoti Edward HEVP & Chief Financial Officer
Roles derived from SEC Form 4 filings.
Earnings
APEI Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$174.7M↑ +6.2%
Diluted EPS$0.94↑ +129.3%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $321.8M | $418.8M | $606.3M | $600.5M | $624.6M | $648.9M |
| Gross profit | — | — | — | — | — | — |
| Operating income | $24.8M | $30.4M | -$137.3M | -$48.3M | $33.1M | $47.9M |
| Net income | $18.8M | $17.8M | -$115.0M | -$47.3M | $16.1M | $31.6M |
| Diluted EPS | $1.25 | $0.97 | -$6.08 | -$2.93 | $0.55 | $1.36 |
| Operating cash flow | $44.8M | $16.3M | $29.2M | $45.5M | $48.9M | $62.0M |
| Free cash flow | $39.9M | $4.4M | $12.8M | $31.6M | $27.8M | $46.1M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 7.7% | 7.3% | -22.7% | -8.0% | 5.3% | 7.4% |
| Net margin | 5.8% | 4.2% | -19.0% | -7.9% | 2.6% | 4.9% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $152.9M | $153.1M | $164.1M | $164.6M | $162.8M | $163.2M | $158.3M | $174.7M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $2.2M | $4.1M | $21.5M | $12.2M | $7.0M | $9.7M | $19.0M | $21.6M |
| Net income | $371,000.00 | $2.3M | $13.0M | $8.9M | $4.5M | $5.6M | $12.6M | $17.7M |
| Diluted EPS | -$0.06 | $0.04 | $0.63 | $0.41 | -$0.02 | $0.30 | $0.67 | $0.94 |
| Operating cash flow | $12.5M | $14.1M | $1.6M | $37.0M | $14.8M | $21.7M | -$11.6M | $63.3M |
| Free cash flow | $7.3M | $7.8M | -$1.8M | $33.1M | $11.1M | $17.5M | -$15.6M | $60.8M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 1.5% | 2.7% | 13.1% | 7.4% | 4.3% | 5.9% | 12.0% | 12.4% |
| Net margin | 0.2% | 1.5% | 7.9% | 5.4% | 2.8% | 3.4% | 8.0% | 10.1% |
Company news
Jul 2, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-01 | Pianko Daniel S. | Award | 1,107 | $36.15 | $40,018.05 | filing |
| 2026-06-22 | Beckett Thomas· SVP, General Counsel | Sale | 2,000 | $54.00 | $108,000.00 | filing |
| 2026-06-15 | Beckett Thomas· SVP, General Counsel | Sale | 5,213 | $51.39 | $267,889.29 | filing |
| 2026-06-15 | Beckett Thomas· SVP, General Counsel | Sale | 2,587 | $52.44 | $135,668.75 | filing |
| 2026-06-15 | Beckett Thomas· SVP, General Counsel | Sale | 200 | $53.01 | $10,601.00 | filing |
| 2026-05-22 | Kenigsberg James· Int Chief Inno & Tech Officer | Tax withholding | 1,286 | $51.50 | $66,229.00 | filing |
| 2026-05-22 | Statuto Richard J. | Award | 2,135 | $0.00 | $0.00 | filing |
| 2026-05-22 | Braner Michael David | Award | 2,135 | $0.00 | $0.00 | filing |
| 2026-05-22 | Fabrega Anna M. | Award | 2,135 | $0.00 | $0.00 | filing |
| 2026-05-22 | Blevins Granetta B. | Award | 2,135 | $0.00 | $0.00 | filing |
| 2026-05-22 | Pianko Daniel S. | Award | 2,135 | $0.00 | $0.00 | filing |
| 2026-05-13 | Fernandes Nuno S.· President, APUS | Sale | 4,500 | $53.34 | $240,030.00 | filing |
| 2026-04-01 | Pianko Daniel S. | Award | 1,107 | $36.15 | $40,018.05 | filing |
| 2026-03-20 | 325 CAPITAL LLC | Sale | 62,100 | $53.74 | $3.3M | filing |
| 2026-03-20 | 325 CAPITAL LLC | Sale | 62,100 | $53.74 | $3.3M | filing |
| 2026-03-20 | 325 CAPITAL LLC | Sale | 2,900 | $54.60 | $158,350.15 | filing |
| 2026-03-20 | 325 CAPITAL LLC | Sale | 2,900 | $54.60 | $158,350.15 | filing |
| 2026-03-19 | 325 CAPITAL LLC | Sale | 80,333 | $54.79 | $4.4M | filing |
| 2026-03-19 | 325 CAPITAL LLC | Sale | 10,477 | $54.20 | $567,901.59 | filing |
| 2026-03-19 | 325 CAPITAL LLC | Sale | 4,702 | $55.55 | $261,204.56 | filing |
| 2026-03-19 | Fernandes Nuno S.· President, APUS | Sale | 1,100 | $54.08 | $59,488.00 | filing |
| 2026-03-18 | 325 CAPITAL LLC | Sale | 63,500 | $55.41 | $3.5M | filing |
| 2026-03-17 | 325 CAPITAL LLC | Sale | 58,797 | $55.85 | $3.3M | filing |
| 2026-03-17 | Gaffney Karmela· SVP, Chief Marketing Officer | Sale | 2,700 | $55.87 | $150,858.99 | filing |
| 2026-03-16 | 325 CAPITAL LLC | Sale | 61,962 | $55.45 | $3.4M | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.