AMERICAN PUBLIC EDUCATION INC
APEINasdaqOther · Services-Educational Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| 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. | 18.0M | 17.5M | 19.0M | 18.9M | 18.6M | 14.9M |
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 ScoreOur 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 severe● 6 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- NT 10-Qmissed a reporting deadline ↗Nov 10, 2016
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| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.2M | 7.0 | -2.6% |
| Apr 30, 2026 | 2.2M | 9.3 | -6.7% |
| Apr 15, 2026 | 2.4M | 10.0 | -1.7% |
| Mar 31, 2026 | 2.4M | 5.0 | +46.5% |
| Mar 13, 2026 | 1.7M | 3.1 | +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- Shareholder voteMay 26, 2026
- Results of operationsMay 11, 2026
- Results of operationsMar 12, 2026
- Results of operationsNov 10, 2025
- Director / officer change · Regulation FD disclosureOct 20, 2025
- Results of operationsOct 14, 2025
- Results of operationsAug 6, 2025
- Modified shareholder rights · Amended charter or bylaws · Other material eventJun 23, 2025
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 ↗- 4OWNERSHIP DOCUMENTMay 27, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 26, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 26, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 26, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 26, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 26, 2026
- 8-KFORM 8-KMay 26, 2026
- SCHEDULE 13G/AMay 15, 2026
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- 144May 13, 2026
- 10-QMay 11, 2026
- 8-KFORM 8-KMay 11, 2026
- ARSApr 9, 2026
- DEFA14AApr 9, 2026
Event-driven situations (1)
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