OakChart

American Public Education Inc

APEIConsumer Defensive·Education & Training Services·USA·Small·NASD·Nov 11 • 11:39 AM ET

43.09+2.89 (7.19%)
2026-11-11 17:39 CET
Market cap
735.72 USD m
Revenue, TTM
673.94 USD m
Net income, TTM
46.00 USD m
Free cash flow, TTM
56.37 USD m
EPS diluted, TTM
2.45
P/E
17.60
Compare

Price

APEI against its 20, 50 and 200-day averages
2050200beat
40.0050.0060.00538K1.1MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26APEIclose 43.0920-day 44.4350-day 44.50200-day 49.6843.09

30.0% under the 52-week high of 61.59 on 21 Apr 2026. 52-week low 32.96 on 18 Nov 2025. Last 15 sessions, 35.8% high to low

Profile

APEI
52-week range, 35% of the way up
32.9661.59

American Public Education, Inc. provides online and on-campus postsecondary education services. It operates through the following segments: American Public University System (APUS), Rasmussen University (RU), and Hondros College of Nursing (HCN). The APUS segment provides online postsecondary educational services. The RU segment provides nursing and health sciences focused on postsecondary educational services. The HCN segment provides nursing educational services. The company was founded by James P. Etter in 1991 and is headquartered in Charles Town, WV.

IndexRUT
Employees5841
IPONov 09, 2007
Beta1.45
ATR, 14d2.33
Rel volume1.02
Short float14.63%
Insider own5.11%
Inst own106.62%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap784.38M
Enterprise Value721.01M
Income46.00M
Sales673.94M
Book/sh17.13
Cash/sh11.89
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees5841
IPONov 09, 2007

Ratios

P/E17.60
Forward P/E13.71
PEG0.34
P/S1.16
P/B2.52
P/C3.62
P/FCF13.91
EV/EBITDA9.05
EV/Sales1.07
Quick Ratio2.91
Current Ratio2.91
Debt/Eq0.49
LT Debt/Eq0.44
Option/ShortYes / Yes

Earnings

EPS (ttm)2.45
EPS next Y3.14
EPS next Q0.95
EPS this Y99.63%
EPS next Y15.79%
EPS next 5Y40.82%
EPS past 3/5Y- 1.63%
Sales past 3/5Y2.29% 15.06%
EPS Y/Y TTM85.59%
Sales Y/Y TTM2.95%
EPS Q/Q6.38%
Sales Q/Q3.63%
EarningsNov 09 AMC
EPS/Sales Surpr.22.23% 2.02%

Ownership

Insider Own5.11%
Insider Trans-2.69%
Inst Own106.62%
Inst Trans-3.12%
ROA8.57%
ROE15.55%
ROIC10.26%
Gross Margin53.80%
Oper. Margin9.42%
Profit Margin6.83%
SMA20-3.01%
SMA50-3.17%
SMA200-13.27%
Trades-

Technical

Shs Outstand18.22M
Shs Float17.37M
Short Float14.63%
Short Ratio9.71
Short Interest2.54M
52W High61.59 -30.04%
52W Low32.96 30.73%
Volatility7.92% 4.86%
ATR (14)2.33
RSI (14)48.63
Beta1.45
Rel Volume1.02
Avg Volume261.67K
Volume97,145

Performance

Perf Week1.60%
Perf Month-11.03%
Perf Quarter-4.75%
Perf Half Y-18.56%
Perf YTD13.99%
Perf Year24.54%
Perf 3Y706.93%
Perf 5Y72.36%
Perf 10Y91.09%
Recom1.25
Target Price59.71
Prev Close40.20
Price43.09
Change %7.19%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 10, 2026ResumedDDA DavidsonBuy
Sep 09, 2025InitiatedDDA DavidsonBuy$40-7.2%
Jun 18, 2025InitiatedNNorthland CapitalOutperform$36-16.5%
Apr 25, 2025InitiatedLLake StreetBuy$30-30.4%
Mar 28, 2025ResumedRB. Riley SecuritiesBuy$28-35.0%
Mar 07, 2025UpgradeWWilliam BlairMkt Perform → Outperform
May 26, 2023InitiatedTTruistHold$6-86.1%
Apr 06, 2021InitiatedTTruistBuy$43-0.2%
Mar 17, 2021InitiatedWWilliam BlairOutperform
Dec 18, 2020InitiatedRB. Riley SecuritiesBuy$45+4.4%

Peers

Mkt cap
TickerCompanyMkt cap
PXEDPhoenix Education Partners Inc698.69M
PRDOPerdoceo Education Corp1.81B
STRAStrategic Education Inc1.23B
CVSACovista Inc3.99B
LOPEGrand Canyon Education Inc3.00B
LINCLincoln Educational Services Corp740.38M
UTIUniversal Technical Institute Inc1.29B
LRNStride Inc3.23B
LAURLaureate Education Inc4.91B
GHCGraham Holdings Co5.05B

Insider trading

latest 14 of 40
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Kenigsberg JamesChief Innov. & Tech OfficerOct 22 '26Sale47.691,25659,89943,473Oct 26 04:19 PM
Kenigsberg JamesOfficerOct 22 '26Proposed Sale47.691,25659,899Oct 22 11:10 AM
Fernandes Nuno S.President, APUSAug 12 '26Option Exercise10.668,80093,80887,375Aug 13 04:05 PM
Fernandes Nuno S.President, APUSAug 12 '26Sale45.138,800397,14478,575Aug 13 04:05 PM
Kenigsberg JamesChief Inno & Tech OfficerAug 12 '26Sale45.721,31360,03044,729Aug 13 04:05 PM
Fernandes Nuno S.OfficerAug 12 '26Proposed Sale46.068,800405,326Aug 12 03:50 PM
Kenigsberg JamesOfficerAug 12 '26Proposed Sale45.721,31360,030Aug 12 10:01 AM
Beckett ThomasSVP, General CounselJun 22 '26Sale54.002,000108,00052,172Jun 23 04:07 PM
Beckett ThomasOfficerJun 22 '26Proposed Sale54.002,000108,000Jun 22 04:48 PM
Beckett ThomasSVP, General CounselJun 15 '26Sale51.778,000414,15954,172Jun 17 04:09 PM
Beckett ThomasOfficerJun 15 '26Proposed Sale51.778,000414,159Jun 15 04:39 PM
Fernandes Nuno S.President, APUSMay 13 '26Sale53.344,500240,03078,575May 15 04:04 PM
Fernandes Nuno S.OfficerMay 13 '26Proposed Sale53.344,500240,030May 13 01:40 PM
325 CAPITAL LLCMar 19 '26Sale54.7695,5125,230,615901,234Mar 23 04:55 PM

Held by

AUM
TickerCompanyAUM
AVUVAvantis U.S. Small Cap Value ETFAUM: 32.39B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VXFVanguard Extended Market Index ETFAUM: 30.47B
DFATU.S. Targeted Value Portfolio-ETF Class Shares-
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
DFASU.S. Small Cap Portfolio-ETF Class Shares-
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
DFACU.S. Core Equity 2 Portfolio-ETF Class Shares-

News

latest 14 of 206
  • APEI Clears A Low Bar And Raises Again, But Margin Compression And A Cooling Health+ Engine Explain The Market's Skepticism (Earnings Whispers)
  • American Public Education: Q3 Earnings Snapshot (Associated Press)
  • American Public Education Reports Third Quarter 2026 Financial Results (PR Newswire)
  • APEI Faces A Show-Me Quarter As Shares Slump Toward Lows Despite Raised Outlook (Earnings Whispers)
  • American Military University and American Public University to Host 2026 AI and the Future of Education Conference (PR Newswire)
  • Loading…
  • American Public Education, Inc. Schedules Third Quarter 2026 Earnings Call Monday, November 9, 2026 at 5:00 PM ET (PR Newswire)
  • American Public Education, Inc. Announces Appointment of Shira Goodman to Board of Directors (PR Newswire)
  • American Public University System Hosts System-wide Virtual Career Fair "Pathways to Possibilities" (PR Newswire)
  • American Military University & American Public University Launch New AI Certificate, Two New Finance Programs and Six New Microcredentials for First Responders (PR Newswire)
  • American Military University and American Public University Recognize Third Quarter 2026 President's List Honorees (PR Newswire)
  • Rasmussen University Launches Weekend Practical Nursing Diploma Program at Ocala Campus (PR Newswire)
  • American Public University Provides Marco's Pizza with Access to Education Benefits for Franchisees, Their Employees and Families (PR Newswire) -6.56%
  • Rasmussen University to Celebrate Approximately 6,200 Graduates at its Minnesota Commencement Ceremony (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-090.3200.2620.320169.14165.798
2026Q22026-08-100.5200.3590.520171.7170.888
2026Q12026-05-110.9400.6400.943174.74173.738
2025Q42026-03-120.6700.3710.671158.33151.828
2025Q32025-11-100.300-0.0680.296163.22160.768
2025Q22025-08-060.1020.015-0.018162.77161.044
2025Q12025-05-120.5450.2950.405164.55161.732
2024Q42025-03-060.7560.6150.626164.11161.72
2024Q32024-11-120.1390.1400.041153.12153.652
2024Q22024-08-060.0510.068-0.066152.9154.084
2024Q12024-05-07-0.060-0.170-0.058154.4152.354
2023Q42024-03-050.6400.2050.641152.8150.484
2023Q32023-11-07-0.008-0.248-0.273150.84149.24
2023Q22023-08-08-2.813-0.233-2.940147.21146.384
2023Q12023-05-09-0.380-0.453-0.379149.69151.273
2022Q42023-03-14-0.350-0.003-0.348152.44152.633

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY1.2901.1051.290299.25298.23
2018FY1.6201.5721.541297.69297.57
2019FY1.0901.0930.616286.27285.58
2020FY1.2501.2031.251321.79320.59
2021FY1.6141.0330.972418.8416.9
2022FY-6.080-3.527-6.100606.33606.5
2023FY-2.9300.310-2.943600.55598.3
2024FY0.5500.4670.554624.56622.13
2025FY1.3601.0911.360648.86642.34
2026FY-2.715--697.43
2027FY-3.144--737.67
2028FY-3.798--781.37

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-10820182.35179184.68
2026Q4S2026-11-09810181.49179183
2026Q4S2026-10-26810181.49179183
2026Q4S2026-10-25800181.14178.94183
2026Q4S2026-10-06870181.14178.94183
2026Q4S2026-09-21870181.15178.94183.02
2026Q4S2026-08-12870181.15178.94183.02
2026Q4S2026-08-11870181.15178.94183.02
2026Q4S2026-08-10800175.36171.73178.96
2026Q4S2026-07-26800175.36171.73178.96
2026Q4S2026-07-06805175.36171.73178.96
2026Q4S2026-06-25705175.42171.73178.96
2026Q4S2026-06-10805175.4171.73178.96
2026Q4S2026-06-03805175.4171.73178.96

Estimate history

EPS, annual1.291.5410.6161.2510.972-6.1-2.9430.5541.3562.4485
Period201720182019202020212022202320242025TTM
EPS, quarterly0.0410.6260.405-0.0180.2960.6710.9430.520.315
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual299.248297.687286.27321.785418.803606.328600.545624.559648.862673.94
Period201720182019202020212022202320242025TTM
Sales, quarterly153.122164.11164.551162.766163.215158.33174.738171.731169.143
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual16.26816.42515.17814.80918.70918.89317.60417.71318.12618.224
Period201720182019202020212022202320242025MRQ
Shares, quarterly17.71117.71318.03618.06218.0818.12618.41118.36818.224
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue673.94648.86624.56600.54606.33418.80321.79286.27297.69
Cost of Goods Sold Incl. D&A311.37313.17315.01320.68320.60189.09135.15127.51132.78
Gross Profit362.58335.69309.55279.87285.73229.71186.64158.76164.91
Selling, General and Administrative Excl. Other299.09281.83270.77261.19273.10190.40156.03136.71131.50
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income63.4853.8638.7818.6712.6339.3130.6122.0533.41
Interest Expense-4.232.134.4617.734.280.000.000.00
Unusual Expense0.140.083.7164.00148.806.305.008.740.00
Net Income Before Taxes59.5843.7030.94-52.77-151.2526.0925.8516.6635.44
Income Taxes13.5812.1510.42-10.71-36.287.517.025.199.29
Consolidated Net Income46.0031.5616.11-47.29-114.9917.7518.8210.0125.64
Net Income From Continuing Operations46.0031.5616.11-47.29-114.9917.7518.8210.0125.64
Net Income46.0025.3010.06-53.29-115.0417.7518.8210.0125.64
EPS (Recurring)2.471.360.70-0.47-0.581.211.480.991.54
EPS (Basic, Before Extraordinaries)2.521.410.57-2.94-6.100.981.270.621.56
EPS (Diluted)2.451.360.55-2.94-6.100.971.250.621.54
EBITDA79.6870.0158.0946.4944.7657.1543.5937.6450.91
Non-Operating Income (Expense)-1.87-5.85-2.00-2.982.65-1.280.243.352.03
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense7.006.606.066.116.335.595.164.355.27
Price To Earnings Ratio16.4216.4238.62--22.1424.3444.1018.41
Price To Sales Ratio1.171.090.630.290.380.971.431.561.59
Gross Margin53.8051.7449.5646.6047.1254.8558.0055.4655.40
Operating Margin9.428.306.213.112.089.399.517.7011.22
Net Margin6.833.901.61-8.87-18.974.245.853.508.61
Shares Outstanding18.2218.1317.7117.6018.8918.7114.8115.1816.43
Market Capitalization735.72735.72382.05171.61232.18416.28451.38421.76467.43

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue169.14171.73174.74158.33163.22162.77164.55164.11
Cost of Goods Sold Incl. D&A78.9180.5978.7873.0878.6482.5178.9475.52
Gross Profit90.2391.1495.9585.2584.5780.2585.6188.59
Selling, General and Administrative Excl. Other81.1377.6174.1666.2070.8373.1971.6165.28
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income9.1013.5321.8019.0513.747.0614.0023.30
Interest Expense--0.721.171.071.110.890.58
Unusual Expense0.000.001.67-1.530.080.001.530.00
Net Income Before Taxes8.3714.1619.2517.808.635.9211.3620.95
Income Taxes2.484.391.515.193.071.422.477.99
Consolidated Net Income5.899.7717.7312.615.564.508.8912.96
Net Income From Continuing Operations5.899.7717.7312.615.564.508.8912.96
Net Income5.899.7717.7312.615.56-0.327.4611.51
EPS (Recurring)0.320.521.010.610.30-0.020.460.63
EPS (Basic, Before Extraordinaries)0.320.530.970.700.31-0.020.420.65
EPS (Diluted)0.320.520.940.670.30-0.020.410.63
EBITDA13.0717.4825.9523.1817.6911.1518.0027.16
Non-Operating Income (Expense)-0.730.63-0.15-1.61-3.97-0.04-0.23-1.77
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense1.651.761.841.751.291.771.791.71
Price To Earnings Ratio16.4228.3842.0028.8537.4230.2541.0438.62
Price To Sales Ratio1.171.511.621.101.130.850.650.63
Gross Margin53.3553.0754.9153.8551.8249.3152.0353.98
Operating Margin5.387.8812.4712.038.424.348.5114.20
Net Margin3.485.6910.157.963.41-0.204.537.01
Shares Outstanding18.2218.3718.4118.1318.0818.0618.0417.71
Market Capitalization735.72985.051,045.48683.61713.11549.49401.67382.05

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments176.50158.94144.34129.46149.63227.69202.74212.13179.21
Short Term Receivables69.1263.4151.4545.2241.3317.6513.0814.967.14
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets14.2038.2221.5911.4111.686.477.095.484.79
Total Current Assets259.82260.57217.38186.09202.64251.81222.91232.57191.13
Net Property, Plant & Equipment128.28168.16187.53209.76180.3677.1890.1586.8892.37
Total Investments and Advances0.000.002.604.500.5010.4910.5011.9712.48
Intangible Assets87.8187.8191.13167.33328.5730.2830.2837.9438.51
Deferred Tax Assets61.1975.16132.83105.5529.126.63-3.97-
Other Assets6.336.257.3912.0213.541.251.051.604.54
Total Assets543.43597.95638.86685.25754.73377.65354.90374.93339.04
Short Term Debt Incl. Current Port. of LT Debt11.3713.5513.3114.4022.452.392.280.000.00
Accounts Payable4.827.858.663.8113.503.763.559.118.84
Income Tax Payable----0.000.18-0.001.71
Other Current Liabilities58.8557.7652.0252.5547.7348.7339.4535.2232.80
Total Current Liabilities75.0579.1673.9970.7683.6855.0645.2844.3343.35
Long Term Debt151.59187.07191.42194.57221.266.469.490.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities22.0127.8581.4770.1934.189.213.399.346.28
Other Liabilities0.000.000.000.000.000.000.000.000.00
Total Liabilities248.65294.07346.88335.52339.1270.7258.1653.6649.63
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.0039.6939.6939.690.000.000.000.000.00
Common Equity294.78264.19252.28310.04415.61306.93296.73321.27289.41
Total Shareholders Equity294.78303.88291.98349.73415.61306.93296.73321.27289.41
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity294.78303.88291.98349.73415.61306.93296.73321.27289.41
Total Liabilities & Stockholders Equity543.43597.95638.86685.25754.73377.65354.90374.93339.04
Book Value Per Share16.2614.9214.3316.4122.2120.7319.5519.5617.79
Tangible Book Value Per Share11.429.969.157.554.6518.6817.5517.2515.42
Full-Time Employees5,8416,1176,0376,2445,8002,9401,7801,7901,920
Price to Book Ratio2.351.520.710.741.001.471.401.461.45
Return on Assets5.532.61-7.14-15.973.145.142.747.186.40
Return on Equity10.545.41-14.74-30.054.916.243.248.407.62
Return on Invested Capital7.073.28-9.78-21.132.796.013.277.987.30
Quick Ratio3.463.292.942.632.424.574.925.254.41
Current Ratio3.463.292.942.632.424.574.925.254.41

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income46.0031.5616.11-47.29-114.9917.7518.8210.0125.64
Depreciation16.2016.1519.3027.8232.1317.8312.9815.6017.50
Other Funds (Non Cash)11.2914.2115.5681.59158.7710.677.9615.468.88
Funds from Operations77.2870.0555.0246.1134.0051.7838.9539.1051.10
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-1.56-8.09-6.15-0.60-4.78-35.525.86-0.73-6.92
Income Taxes Payable------0.180.00-1.71
Cash from Operating Activities75.7361.9748.8745.5129.2116.2744.8138.3744.18
Capital Expenditures-19.36-15.86-21.08-13.89-16.39-11.83-4.93-7.25-9.43
Net Assets From Acquisitions-1.58-2.290.000.000.00-325.510.000.00-
Sale of Fixed Assets and Businesses0.0022.960.000.122.720.670.770.000.00
Purchase or Sale of Investments-90.280.000.000.000.000.000.000.000.00
Purchase of Investments-127.180.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments36.900.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-111.224.80-21.08-13.77-13.67-336.67-4.16-7.25-9.43
Cash Dividends Paid0.00-2.75-6.06-6.000.000.000.000.000.00
Change in Capital Stock-22.04-46.24-4.17-10.7438.1583.17-15.71-40.51-1.82
Repurchase of Common Pref Stock-23.13-47.45-4.24-10.74-1.54-3.03-15.71-40.51-1.82
Sale of Common Pref Stock1.091.210.070.0039.6986.200.000.000.00
Proceedsfrom Stock Options0.000.000.000.0039.6986.200.000.000.00
Issuance or Reduction of Debt, Net-10.64-0.21-2.96-0.11-73.86159.170.000.000.00
Change in Long Term Debt-10.64-0.21-2.96-0.11-73.86159.170.000.000.00
Issuance of Long Term Debt88.250.000.000.000.00161.360.000.000.00
Reduction of Long Term Debt-98.89-0.21-2.96-0.11-73.86-2.190.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-32.68-49.21-13.19-16.86-35.71242.34-15.71-40.51-1.82
Net Change in Cash-68.1717.5614.6014.88-20.17-78.0624.95-9.3932.93
Free Cash Flow56.3746.1027.7931.6212.834.4439.8831.1134.75
Preferred Dividends (Cash Flow)--2.75-6.06-6.00-0.000.000.000.00
Price to Free Cash Flow13.9816.2718.016.8518.1291.5411.5014.3113.62
Deferred Taxes & Investment Tax Credit-8.134.05-16.00-41.915.53-0.81-1.97-0.92

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments216.43222.80221.00176.50193.14176.58
Short Term Receivables56.9239.6541.9869.1251.5440.07
Inventories0.000.000.000.000.000.00
Other Current Assets17.8620.0719.1514.2014.4318.31
Total Current Assets291.21282.52282.13259.82259.11234.96
Net Property, Plant & Equipment127.00124.92123.72128.28132.34162.09
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets87.8187.8187.8187.8187.8187.81
Deferred Tax Assets36.2836.6138.2561.1940.0845.96
Other Assets6.175.886.006.335.966.55
Total Assets548.47537.75537.91543.43525.30537.37
Short Term Debt Incl. Current Port. of LT Debt16.8916.7316.2511.3711.6713.45
Accounts Payable7.665.158.144.827.7110.07
Other Current Liabilities75.5865.0770.1558.8572.0159.39
Total Current Liabilities100.1386.9694.5475.0591.3982.91
Long Term Debt136.17136.73137.21151.59154.57182.22
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---22.01--
Other Liabilities0.000.000.000.000.000.00
Total Liabilities236.30223.69231.75248.65245.96265.13
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity312.17314.06306.17294.78279.34272.24
Total Shareholders Equity312.17314.06306.17294.78279.34272.24
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity312.17314.06306.17294.78279.34272.24
Total Liabilities & Stockholders Equity548.47537.75537.91543.43525.30537.37
Book Value Per Share17.1317.1016.6316.2615.4515.07
Tangible Book Value Per Share12.3112.3211.8611.4210.5910.21
Full-Time Employees---5,841--
Price to Book Ratio2.353.233.502.452.622.03
Return on Assets8.578.507.245.535.835.21
Return on Equity15.5515.5813.1110.5411.2010.20
Return on Invested Capital1.312.174.002.821.280.99
Quick Ratio2.913.252.983.462.842.83
Current Ratio2.913.252.983.462.842.83

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income5.899.7717.7312.615.564.50
Depreciation3.973.954.154.123.954.09
Other Funds (Non Cash)2.532.004.342.414.822.61
Funds from Operations12.7217.3627.1620.0420.2111.31
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-0.89-5.2336.15-31.591.503.50
Cash from Operating Activities11.8412.1463.30-11.5521.7114.81
Capital Expenditures-8.02-4.74-2.53-4.07-4.20-3.70
Net Assets From Acquisitions0.000.000.00-1.58-0.710.00
Sale of Fixed Assets and Businesses0.000.000.000.000.0122.45
Purchase or Sale of Investments-14.36-75.920.000.000.000.00
Purchase of Investments-51.26-75.920.000.000.000.00
Sale Or Maturity of Investments36.900.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-22.38-80.66-2.53-5.65-4.9018.75
Cash Dividends Paid0.000.000.000.000.00-1.32
Preferred Dividends (Cash Flow)0.000.000.000.000.00-1.32
Change in Capital Stock-9.85-4.11-8.690.61-0.20-43.11
Repurchase of Common Pref Stock-9.94-4.14-8.71-0.33-0.30-43.13
Sale of Common Pref Stock0.090.040.020.940.110.01
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1.18-1.82-7.58-0.05-0.05-0.05
Change in Long Term Debt-1.18-1.82-7.58-0.05-0.05-0.05
Issuance of Long Term Debt0.00-0.6488.890.000.000.00
Reduction of Long Term Debt-1.18-1.18-96.48-0.05-0.05-0.05
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-11.03-5.93-16.280.56-0.25-44.48
Net Change in Cash-21.58-74.4544.50-16.6416.57-10.92
Free Cash Flow3.817.4060.78-15.6217.5111.11
Price to Free Cash Flow13.9814.4214.7616.3913.2812.35

Revenue breakdown

Graduation Fees2024: 2.45M 2025: 3.88M
Instructional Services, Net Of Grants And Scholarships2024: 575.69M 2025: 591.82M
Other Fees2024: 4.19M 2025: 5.49M
Textbook And Other Course Materials2024: 42.23M 2025: 47.67M
United States2024: 624.56M 2025: 648.86M
American Public Education Inc2024: 317.05M 2025: 319.84M
Consolidation, Policy2024: 23.96M 2025: 7.81M
Hondros College Of Nursing2024: 67.29M 2025: 74.98M
Rasmussen University2024: 216.26M 2025: 246.23M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3014.63%2.5M17.4M257.22K
2026-10-1514.87%2.6M17.4M284.58K
2026-09-3013.64%2.4M17.4M303.16K
2026-09-1511.56%2.0M17.3M308.11K
2026-08-3110.84%1.9M17.3M300.88K
2026-08-1410.20%1.8M17.3M300.44K
2026-07-3110.43%1.8M17.4M286.05K
2026-07-1510.99%1.9M17.4M271.68K
2026-06-3011.51%2.0M17.4M261.33K
2026-06-1511.16%1.9M17.4M287.64K
2026-05-2910.99%1.9M17.4M347.30K
2026-05-1512.54%2.2M17.4M352.60K
2026-04-3012.83%2.2M17.4M343.05K
2026-04-1514.12%2.4M17.0M337.67K
2026-03-3114.29%2.4M17.1M337.96K
2026-03-139.76%1.7M17.1M290.61K
2026-02-279.85%1.7M16.8M244.13K
2026-02-1310.25%1.7M16.8M251.47K
2026-01-3010.23%1.7M16.8M283.54K
2026-01-159.99%1.7M17.0M295.43K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call22.5019.3022.200.003.9220.000.000.990-0.0220.002
call25.0016.8019.700.003.4180.000.000.988-0.0220.002
call30.0011.8014.500.002.3960.000.000.949-0.0650.007
call35.007.309.405.501.6821.000.000.923-0.0580.010
call40.003.104.103.600.73842.000.000.827-0.0550.017
call45.000.500.550.550.4452802,3750.314-0.0660.024
call50.000.000.250.250.7282857.000.110-0.0520.013
call55.000.000.251.851.02453.000.000.083-0.0600.010
call60.000.002.150.171.2953.000.000.069-0.0650.009
call65.000.002.150.151.5322.000.000.061-0.0700.008
put22.500.000.250.001.9230.000.00-0.010-0.0200.002
put25.000.000.050.061.6483900.00-0.012-0.0190.002
put30.000.000.250.651.5503.000.00-0.051-0.0610.007
put35.000.000.250.151.01169.000.00-0.076-0.0540.010
put40.000.100.300.200.50776.003.00-0.173-0.0510.017
put45.001.802.604.100.54653.000.00-0.696-0.0600.024
put50.005.708.3011.401.4416.000.00-0.888-0.0460.013
put55.0010.5013.200.001.8280.000.00-0.917-0.0540.010
put60.0015.1018.200.002.2120.000.00-0.931-0.0590.009
put65.0020.2023.200.002.4720.000.00-0.940-0.0630.008

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-27SEC
2026-10-293Initial statement of beneficial ownership of securities2026-10-27SEC
2026-10-278-KCurrent report2026-10-22SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-22SEC
2026-10-22144Filing for proposed sale of securities under Rule 144.SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-13SCHEDULE 13G/ASEC
2026-08-12144Filing for proposed sale of securities under Rule 144.SEC
2026-08-12144Filing for proposed sale of securities under Rule 144.SEC
2026-08-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-108-KCurrent report2026-08-10SEC
2026-08-06SCHEDULE 13GSEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-07-27SCHEDULE 13G/ASEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-06-234Statement of changes in beneficial ownership of securities2026-06-22SEC
2026-06-22144Filing for proposed sale of securities under Rule 144.SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-15144Filing for proposed sale of securities under Rule 144.SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-264Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-264Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-264Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-264Statement of changes in beneficial ownership of securities2026-05-22SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100059.90K1
2026-090000
2026-0800457.17K2
2026-070000
2026-0600522.16K2
2026-0500240.03K1
2026-040000
2026-030020.75M10
2026-020000
2026-010000
2025-120000
2025-1100551.04K2

Institutional holders

Manager% owned
BlackRock, Inc.9.66%
325 CAPITAL LLC6.45%
Divisadero Street Capital Management, LP6.37%
FMR LLC5.92%
RENAISSANCE TECHNOLOGIES LLC4.96%
DIMENSIONAL FUND ADVISORS LP3.98%
VANGUARD CAPITAL MANAGEMENT LLC3.92%
AMERICAN CENTURY COMPANIES INC3.79%
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.3.71%
DRIEHAUS CAPITAL MANAGEMENT LLC2.91%

Funds

Fund% owned
Fidelity Small Cap Value Fund5.94%
Avantis U.S. Small Cap Value ETF3.13%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.68%
iShares Russell 2000 ETF2.59%
VANGUARD EXTENDED MARKET INDEX FUND1.15%
Fidelity Small Cap Index Fund1.06%
Royce Small-Cap Opportunity Fund0.97%
iShares Russell 2000 Growth ETF0.92%
Oberweis Micro-Cap Fund0.91%
Fidelity Small Cap Growth Fund0.80%

OakChart. APEI. Cached 15 minutes.