APEIAmerican Public Education, Inc.

$830M

Q2 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$147M-1.6% YoY

Gross Profit

$72M49.1% margin

Operating Income

-$65M-44.3% margin

Net Income

-$51M-34.8% margin

EPS (Diluted)

$-2.94

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$559M

Total Liabilities

$274M

Stockholders' Equity

$285M

Cash & Equivalents

$139M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$147M	$150M	-1.6%
Gross Profit	$72M	$78M	-6.8%
Operating Income	-$65M	-$141M	+53.8%
Net Income	-$51M	-$110M	+53.4%

Revenue Segments

Instructional Services, Net Of Grants And Scholarships

$136M92%

Textbook And Other Course Materials

$10M7%

Other Fees

$960,0001%

Graduation Fees

$388,0000%

Geographic Segments

American Public Education Segment

$74M100%

APEI Q2 2023 Earnings — American Public Education, Inc. Revenue & Financial Results | Market Cap Arena