Event-Driven Stocks

AMERICAN PUBLIC EDUCATION INC

APEINasdaq

Other · Services-Educational Services · DE · SEC filings ↗ · Compare ⊕

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Signs6 good1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$164.6M$154.4M$600.5M$606.3M$418.8M$321.8M
Operating income$47.9M$33.1M−$48.3M−$137.3M$30.4M$24.8M
Net income$31.6M$16.1M−$47.3M−$115.0M$17.8M$18.8M
Total assets$521.4M$570.1M$557.4M$615.1M$725.6M$371.0M
Total liabilities$226.6M$266.2M$265.4M$265.3M$310.0M$64.1M
Equity$294.8M$303.9M$292.0M$349.7M$415.6M$306.9M
EPS (diluted)$0.41$-0.06$-2.93$-6.08$0.97$1.25
Shares out.18.0M17.5M19.0M18.9M18.6M14.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
29.1%
Net margin
19.2%
Return on equity
10.7%
Return on assets
6.1%
Return on capital (ROCE)
10.7%
Liabilities / assets
43.5%
Debt / equity
0.77×
Book value / share
$16.38
Revenue growth (YoY)
6.6%
Net income growth (YoY)
95.8%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
4.20safe
Accruals / assets
5.8%clean
Piotroski F-Score
8/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
87
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

1 severe6 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20262.2M7.0-2.6%
Apr 30, 20262.2M9.3-6.7%
Apr 15, 20262.4M10.0-1.7%
Mar 31, 20262.4M5.0+46.5%
Mar 13, 20261.7M3.1+0.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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