APEI Q3 2025 Earnings — American Public Education, Inc. Revenue & Financial Results | Market Cap Arena

APEIAmerican Public Education, Inc.

$830M

Q3 2025 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$163M+6.6% YoY

Gross Profit

$89M54.2% margin

Operating Income

$10M5.9% margin

Net Income

$6M3.4% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$18M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$525M

Total Liabilities

$246M

Stockholders' Equity

$279M

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$163M	$153M	+6.6%
Gross Profit	$89M	$78M	+13.9%
Operating Income	$10M	$4M	+134.9%
Net Income	$6M	$2M	+145.8%

Revenue Segments

Instructional Services, Net Of Grants And Scholarships

$149M91%

Textbook And Other Course Materials

$12M7%

Other Fees

$1M1%

Graduation Fees

$1M1%

Geographic Segments

American Public Education Segment

$83M100%