Growth Metrics

American Public Education (APEI) Change in Cash (2016 - 2026)

Quarterly Change in Cash rose 55.8% to $44.5 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $33.5 million through Mar 2026, down 2.36% year-over-year, with the annual reading at $17.6 million for FY2025, 20.27% up from the prior year.

American Public Education's Change in Cash history spans 18 years, with the latest figure at $44.5 million for Q1 2026.

  • Change in Cash came in at $44.5 million for Q1 2026, up from -$16.6 million in the prior quarter.
  • In the past five years, Change in Cash ranged from a high of $44.5 million in Q1 2026 to a low of -$56.0 million in Q4 2022.
  • The 5-year median for Change in Cash is $6.1 million (2024), against an average of $4.2 million.
  • Year-over-year, Change in Cash crashed 788.48% in 2022 and then surged 1505.61% in 2023.
  • American Public Education's Change in Cash stood at -$56.0 million in 2022, then surged by 80.71% to -$10.8 million in 2023, then soared by 69.4% to -$3.3 million in 2024, then tumbled by 403.17% to -$16.6 million in 2025, then surged by 367.34% to $44.5 million in 2026.
  • Per Business Quant, the three most recent readings for APEI's Change in Cash are $44.5 million (Q1 2026), -$16.6 million (Q4 2025), and $16.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 51Talk Online Education 9.59 Bn 9.55 Bn 22.18 Mn -
2 Graham Holdings 4.73 Bn 3.72 Bn 841.00 Mn -77.45 Mn
3 Laureate Education 4.69 Bn 4.53 Bn -16.39 Mn 10.91 Mn
4 Grand Canyon Education 4.19 Bn 3.94 Bn 244.77 Mn -15.62 Mn
5 Stride 3.77 Bn 2.96 Bn 231.57 Mn 116.95 Mn
6 Perdoceo Education 2.11 Bn 1.43 Bn 174.68 Mn 32.84 Mn
7 Universal Technical Institute 2.01 Bn 1.84 Bn 103.97 Mn -3.86 Mn
8 Strategic Education 1.71 Bn 1.55 Bn - 11.31 Mn
9 Lincoln Educational Services 1.46 Bn 1.44 Bn 120.06 Mn -11.83 Mn
10 American Public Education 943.17 Mn 722.17 Mn 100.11 Mn 44.50 Mn

Historic Data

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DateValue
Mar 31, 2026 44.50 Mn
Dec 31, 2025 -16.65 Mn
Sep 30, 2025 16.57 Mn
Jun 30, 2025 -10.92 Mn
Mar 31, 2025 28.56 Mn
Dec 31, 2024 -3.31 Mn
Sep 30, 2024 6.06 Mn
Jun 30, 2024 2.99 Mn
Mar 31, 2024 8.86 Mn
Dec 31, 2023 -10.81 Mn
Sep 30, 2023 15.75 Mn
Jun 30, 2023 3.24 Mn
Mar 31, 2023 6.70 Mn
Dec 31, 2022 -56.04 Mn
Sep 30, 2022 981,000.00
Jun 30, 2022 13.58 Mn
Mar 31, 2022 21.32 Mn
Dec 31, 2021 8.14 Mn
Sep 30, 2021 -175.47 Mn
Jun 30, 2021 -3.86 Mn
Mar 31, 2021 93.13 Mn
Dec 31, 2020 -323,000.00
Sep 30, 2020 11.97 Mn
Jun 30, 2020 19.20 Mn
Mar 31, 2020 -5.90 Mn
Dec 31, 2019 -7.36 Mn
Sep 30, 2019 -10.73 Mn
Jun 30, 2019 4.91 Mn
Mar 31, 2019 3.80 Mn
Dec 31, 2018 14.54 Mn
Sep 30, 2018 4.00 Mn
Jun 30, 2018 7.43 Mn
Mar 31, 2018 6.96 Mn
Dec 31, 2017 12.95 Mn
Sep 30, 2017 9.13 Mn
Jun 30, 2017 9.32 Mn
Mar 31, 2017 1.45 Mn
Dec 31, 2016 8.66 Mn
Sep 30, 2016 13.60 Mn
Jun 30, 2016 4.11 Mn