APEI

American Public Education Inc Consumer Discretionary Services-Educational Services Russell 3000
$40.57Close $735.4MMarket cap $30.67 – $60.8652-week range Nov 9, 2026Next report · after the close

Highlights

Strengths

  • Earnings growing EPS +115% year on year, faster than the quarter before (+20 pts)

Cautions

  • Not in an uptrend 3 of 8 trend conditions
  • Lagging the market RS 24 · weaker than 76% of stocks over 12 months
  • Far from its high 33% below its 52-week high
  • Results soon Nov 9, 2026, in 8 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 10, 2026
Off 12-month high 33%
1wk down 16.8% price change
1mo down 3.8% price change
12-month return up 18% market up 11% · its own up 9%
F-score 8 / 9 Exceptional
Altman Z″ 4.20 Low risk
P/E 23.3× price / earnings
PEG 0.26 P/E / EPS growth
P/B 2.5× price / book
Earnings yield up 7.3% EBIT / enterprise value
Cheaper than 73% of the market · cheap
Revenue growth up 4% year on year
EPS growth up 115% latest quarter · +20 pts
Sales growth up 6% latest quarter · -1 pts
ROE up 11% return on equity
Free cash margin up 7% $46.1M FCF
D/E 0.32 long-term debt / equity
Net debt / EBITDA -1.2× net cash
Interest cover —EBIT / interest
Piotroski tests
  • issued more shares
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • gross margin widened
  • assets working harder

Repair signals

  • Gross margin 52.7% → 54.2%

Trade setup

ATR% 4.2% $1.71 a day · 2×ATR $37.16
RS 24 / 99 vs the universe
Trend 3 / 8 trend template
Relative volume 1.4× vs 50-day average
Up/down volume 0.92 50 sessions
Implied move — no option chain · report Nov 9, 2026
Trend template · 3 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: passes
  • Within 25% of the 52-week high: fails
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Shareholders diluted The share count rose 2.3% over the year, from 18m to 18m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 10, 2026
Last shock Jul 15, 2026-15% in one session3.6× volumeno filing matched-18% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $648.9M +4% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $321.8M FY2021 · $418.8M FY2022 · $606.3M FY2023 · $600.5M FY2024 · $624.6M FY2025 · $648.9M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $31.6M +96% on FY2024
-$200M $0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $18.8M FY2021 · $17.8M FY2022 · -$115.0M FY2023 · -$47.3M FY2024 · $16.1M FY2025 · $31.6M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $46.1M +66% on FY2024
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $39.9M FY2021 · $4.4M FY2022 · $12.8M FY2023 · $31.6M FY2024 · $27.8M FY2025 · $46.1M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 54%
  • Net 5%
  • Free cash 7%
-20% 0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 62% · Net 6% · Free cash 12% FY2021 · Gross 59% · Net 4% · Free cash 1% FY2022 · Gross 52% · Net -19% · Free cash 2% FY2023 · Gross 51% · Net -8% · Free cash 5% FY2024 · Gross 53% · Net 3% · Free cash 4% FY2025 · Gross 54% · Net 5% · Free cash 7%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $79.4M net cash
  • Cash
  • Long-term debt
$0 $250M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $227.7M · Long-term debt $0 FY2021 · Cash $149.6M · Long-term debt $151.8M FY2022 · Cash $102.5M · Long-term debt $93.2M FY2023 · Cash $116.7M · Long-term debt $94.7M FY2024 · Cash $131.9M · Long-term debt $93.4M FY2025 · Cash $174.1M · Long-term debt $94.7M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 18.13m +22.4% since FY2020
18.89m 14.81m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 14.81m FY2021 · 18.71m FY2022 · 18.89m FY2023 · 17.60m FY2024 · 17.71m FY2025 · 18.13m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $321.8M $418.8M $606.3M $600.5M $624.6M $648.9M
Gross margin 62% 59% 52% 51% 53% 54%
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
Net margin 6% 4% -19% -8% 3% 5%
Earnings per share $1.25 $0.97 -$6.08 -$2.60 $0.89 $1.69
Free cash flow $39.9M $4.4M $12.8M $31.6M $27.8M $46.1M
Free cash margin 12% 1% 2% 5% 4% 7%
Cash $227.7M $149.6M $102.5M $116.7M $131.9M $174.1M
Long-term debt $0 $151.8M $93.2M $94.7M $93.4M $94.7M
Shareholders' equity $306.9M $415.6M $349.7M $292.0M $303.9M $294.8M
Shares outstanding 14.81m 18.71m 18.89m 17.60m 17.71m 18.13m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 10, 2026 Quarterly ↗ Jun 30, 2026 41d
May 11, 2026 Quarterly ↗ Mar 31, 2026 41d
Mar 12, 2026 Annual ↗ Dec 31, 2025 71d
Nov 10, 2025 Quarterly ↗ Sep 30, 2025 41d
Aug 6, 2025 Quarterly ↗ Jun 30, 2025 37d
May 12, 2025 Quarterly ↗ Mar 31, 2025 42d
Mar 6, 2025 Annual ↗ Dec 31, 2024 65d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 6, 2024 Quarterly ↗ Jun 30, 2024 37d
May 7, 2024 Quarterly ↗ Mar 31, 2024 37d
Mar 5, 2024 Annual ↗ Dec 31, 2023 65d
Nov 7, 2023 Quarterly ↗ Sep 30, 2023 38d

Current reports