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NASDAQ · Real estateAmerican Public Education Inc (APEI)
American Public Education Inc brought in $673.9M of revenue over the twelve months to September 30, 2026, up 2.9% from a year earlier. Net income was $46M, a net margin of 6.8%. Operating cash flow minus capital spending left $46.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $125M in cash against $86.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about American Public Education Inc
- Net worth
- American Public Education Inc has a market value (market cap) of $715.4M at the latest share price, and shareholders' equity of $312.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $648.9M (+3.9% year on year), with net income of $31.6M. Over the 12 months to September 30, 2026: revenue $673.9M, net income $46M.
- Cash flow
- In fiscal 2025 operations brought in $62M of cash; after $15.9M of capital spending, free cash flow was $46.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- American Public Education Inc's next report is expected around March 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What American Public Education Inc does
American Public Education Inc is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NASDAQ under the ticker APEI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $648.9M | $31.6M | $1.36 | $46.1M |
| 2024 | $624.6M | $16.1M | $0.55 | $27.8M |
| 2023 | $600.5M | -$47.3M | -$2.93 | $31.6M |
| 2022 | $606.3M | -$115M | -$6.08 | $12.8M |
| 2021 | $418.8M | $17.8M | $0.97 | $4.4M |
| 2020 | $321.8M | $18.8M | $1.25 | $39.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where APEI ranks in Real estate
Dividends
It paid out $93.8M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2007 | n/a | $93.8M | n/a |
Latest SEC filings
What American Public Education Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 3.6% to $169.1M versus the same quarter last year; diluted EPS $0.32 versus $0.30.
- October 27, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 10, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.5% to $171.7M versus the same quarter last year; diluted EPS $0.52 versus -$0.02.
- August 6, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026
- July 27, 2026Passive stake changed SCHEDULE 13G/A
- May 26, 2026
What is APEI worth? A DCF from its reported cash flow
Insider trades
What the people running American Public Education Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $59.9K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 27, 2026 | Goodman ShiraDirector | Received as pay | 1,351 | - |
| October 22, 2026 | Kenigsberg JamesChief Innov. & Tech Officer | Soldpre-planned (10b5-1) | 1,256 | $59.9K |
| October 20, 2026 | Codispoti Edward HEVP & Chief Financial Officer | Shares withheld for tax | 689 | $33.5K |
| October 1, 2026 | Pianko Daniel S.Director | Received as pay | 1,106 | $40K |
| August 12, 2026 | Kenigsberg JamesChief Inno & Tech Officer | Soldpre-planned (10b5-1) | 1,313 | $60K |
| August 12, 2026 | Fernandes Nuno S.President, APUS | Exercised options | 8,800 | $93.8K |
| August 12, 2026 | Fernandes Nuno S.President, APUS | Sold | 8,800 | $397.1K |
| August 4, 2026 | Kenigsberg JamesChief Inno & Tech Officer | Shares withheld for tax | 2,133 | $113.9K |
Who owns APEI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| 325 Capital LLC13D, may seek influence with 5 related filers | 6.6% | March 20, 2026 |
| Fmr LLC13G, passive with 1 related filers | 6.5% | August 6, 2026 |
| Divisadero Street Capital Management, LP13G, passive with 4 related filers | 5.7% | May 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 209 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 1,772,227 | +321,872 |
| 325 Capital LLC | 1,183,732 | 0 |
| Fmr LLC | 1,183,609 | +395,254 |
| Divisadero Street Capital Management, LP | 1,169,356 | +117,287 |
| Renaissance Technologies LLC | 910,620 | -9,600 |
| Vanguard Capital Management LLC | 718,498 | +17,480 |
| Dimensional Fund Advisors LP | 702,127 | -97,048 |
| American Century Companies Inc | 694,506 | +35,671 |
| Prescott Group Capital Management, L.L.C. | 679,749 | 0 |
| Driehaus Capital Management LLC | 534,665 | +2,370 |
| Geode Capital Management, LLC | 522,388 | +39,258 |
| No Street GP LP | 507,283 | -140,305 |
| Bank of America Corp | 455,165 | -306,436 |
| Vanguard Portfolio Management LLC | 412,763 | +74,944 |
| Qube Research & Technologies Ltd | 400,984 | +197,631 |
| State Street Corp | 395,429 | +37,483 |
| Royce & Associates LP | 378,133 | +51,690 |
| Goldman Sachs Group Inc | 369,274 | -251,207 |
| Assenagon Asset Management S.A. | 362,868 | +185,559 |
| Systematic Financial Management LP | 225,435 | -19,202 |
Insiders
15 insiders reported holding 1,919,839 shares in total, about $75M at the last price.
| Holder | Shares |
|---|---|
| 325 Capital LLCSee Footnotes | 836,234 |
| Selden Angela K.President and CEO, Director | 626,808 |
| Fernandes Nuno S.President, APUS | 78,575 |
| Blevins Granetta B.Director | 60,080 |
| Beckett ThomasSVP, General Counsel | 52,172 |
| Axenson Tanya JoySVP, Chief HR Officer | 49,917 |
| Kenigsberg JamesChief Innov. & Tech Officer | 43,473 |
| Gaffney KarmelaSVP, Chief Marketing Officer | 40,527 |
| Pianko Daniel S.Director | 36,652 |
| Fabrega Anna M.Director | 33,431 |
Questions about APEI
What does American Public Education Inc do?
American Public Education Inc is a company in the Real estate sector, listed on NASDAQ as APEI. Its shares trade on NASDAQ under the ticker APEI.
What is American Public Education Inc's net worth?
American Public Education Inc has a market value (market cap) of $715.4M at the latest share price, and shareholders' equity of $312.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is American Public Education Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $46M on revenue of $673.9M, a net margin of 6.8%.
How much revenue does American Public Education Inc make?
Over the twelve months to September 30, 2026 American Public Education Inc reported revenue of $673.9M. That is 2.9% more than a year earlier.
When did American Public Education Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is American Public Education Inc's next earnings report?
American Public Education Inc's next report is expected around March 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values American Public Education Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.