American Public Education (APEI) Change in Receivables (2016 - 2026)
Quarterly Change in Receivables fell 30.88% to -$27.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was -$1.0 million through Mar 2026, up 61.65% year-over-year, with the annual reading at $5.3 million for FY2025, 53.67% down from the prior year.
American Public Education's Change in Receivables history spans 18 years, with the latest figure at -$27.0 million for Q1 2026.
- Change in Receivables came in at -$27.0 million for Q1 2026, down from $21.8 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $21.9 million in Q4 2023 to a low of -$27.0 million in Q1 2026.
- The 5-year median for Change in Receivables is -$4.3 million (2025), against an average of $31117.6.
- Year-over-year, Change in Receivables soared 395.82% in 2022 and then crashed 299.86% in 2023.
- American Public Education's Change in Receivables stood at $14.8 million in 2022, then surged by 47.9% to $21.9 million in 2023, then decreased by 9.62% to $19.8 million in 2024, then rose by 9.77% to $21.8 million in 2025, then tumbled by 223.89% to -$27.0 million in 2026.
- Per Business Quant, the three most recent readings for APEI's Change in Receivables are -$27.0 million (Q1 2026), $21.8 million (Q4 2025), and $8.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (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 | -48.47 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | -71.82 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 28.97 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | -11.73 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | - |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 6.94 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 8.03 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 17.95 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | -26.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -26.95 Mn |
| Mar 31, 2026 | -26.95 Mn |
| Dec 31, 2025 | 21.75 Mn |
| Dec 31, 2025 | 21.75 Mn |
| Sep 30, 2025 | 8.46 Mn |
| Sep 30, 2025 | 8.46 Mn |
| Jun 30, 2025 | -4.30 Mn |
| Jun 30, 2025 | -4.30 Mn |
| Mar 31, 2025 | -20.59 Mn |
| Mar 31, 2025 | -20.59 Mn |
| Dec 31, 2024 | 19.82 Mn |
| Dec 31, 2024 | 19.82 Mn |
| Sep 30, 2024 | 3.82 Mn |
| Sep 30, 2024 | 3.82 Mn |
| Jun 30, 2024 | -5.74 Mn |
| Jun 30, 2024 | -5.74 Mn |
| Mar 31, 2024 | -6.40 Mn |
| Mar 31, 2024 | -6.40 Mn |
| Dec 31, 2023 | 21.93 Mn |
| Dec 31, 2023 | 21.93 Mn |
| Sep 30, 2023 | -1.41 Mn |
| Sep 30, 2023 | -1.41 Mn |
| Jun 30, 2023 | -6.61 Mn |
| Jun 30, 2023 | -6.61 Mn |
| Mar 31, 2023 | -5.28 Mn |
| Mar 31, 2023 | -5.28 Mn |
| Dec 31, 2022 | 14.83 Mn |
| Dec 31, 2022 | 14.83 Mn |
| Sep 30, 2022 | 707,000.00 |
| Sep 30, 2022 | 707,000.00 |
| Jun 30, 2022 | -6.84 Mn |
| Jun 30, 2022 | -6.84 Mn |
| Mar 31, 2022 | -6.64 Mn |
| Mar 31, 2022 | -6.64 Mn |
| Dec 31, 2021 | 6.58 Mn |
| Dec 31, 2021 | 6.58 Mn |
| Sep 30, 2021 | -239,000.00 |
| Sep 30, 2021 | -239,000.00 |
| Jun 30, 2021 | 5.51 Mn |
| Jun 30, 2021 | 5.51 Mn |
| Mar 31, 2021 | -4.21 Mn |
| Mar 31, 2021 | -4.21 Mn |
| Dec 31, 2020 | 8.09 Mn |
| Dec 31, 2020 | 8.09 Mn |
| Sep 30, 2020 | 2.64 Mn |
| Sep 30, 2020 | 2.64 Mn |
| Jun 30, 2020 | 425,000.00 |
| Jun 30, 2020 | 425,000.00 |
| Mar 31, 2020 | -4.83 Mn |
| Mar 31, 2020 | -4.83 Mn |
| Dec 31, 2019 | 3.38 Mn |
| Dec 31, 2019 | 3.38 Mn |
| Sep 30, 2019 | 1.53 Mn |
| Sep 30, 2019 | 1.53 Mn |
| Jun 30, 2019 | -7.69 Mn |
| Jun 30, 2019 | -7.69 Mn |
| Mar 31, 2019 | 44,000.00 |
| Mar 31, 2019 | 44,000.00 |
| Dec 31, 2018 | 785,000.00 |
| Dec 31, 2018 | 785,000.00 |
| Sep 30, 2018 | 6.28 Mn |
| Sep 30, 2018 | 6.28 Mn |
| Jun 30, 2018 | -925,000.00 |
| Jun 30, 2018 | -925,000.00 |
| Mar 31, 2018 | 788,000.00 |
| Mar 31, 2018 | 788,000.00 |
| Dec 31, 2017 | 747,000.00 |
| Dec 31, 2017 | 747,000.00 |
| Sep 30, 2017 | 188,000.00 |
| Sep 30, 2017 | 188,000.00 |
| Jun 30, 2017 | 1,000.00 |
| Jun 30, 2017 | 1,000.00 |
| Mar 31, 2017 | -749,000.00 |
| Mar 31, 2017 | -749,000.00 |
| Dec 31, 2016 | 1.07 Mn |
| Dec 31, 2016 | 1.07 Mn |
| Sep 30, 2016 | -586,000.00 |
| Sep 30, 2016 | -586,000.00 |
| Jun 30, 2016 | -2.10 Mn |
| Jun 30, 2016 | -2.10 Mn |