American Public Education (APEI) Cost of Revenue (2009 - 2026)

American Public Education's Cost of Revenue history runs 18 years deep, the most recent figure standing at $74.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue changed 0.42% year-over-year to $74.6 million; the TTM figure through Mar 2026 stood at $55.0 million (up 17.01% YoY), while the FY2025 annual figure was $137.3 million, up 6.55% from the prior year.
• Cost of Revenue was $74.6 million for Q1 2026 at American Public Education, up from -$90.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $74.9 million in Q1 2025 to a low of -$95.2 million in Q4 2024.
• Historically, Cost of Revenue has averaged $26.7 million across 5 years, with a median of $38.6 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue sank 331.18% in 2023, then surged 3487.19% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $38.6 million in 2022, then plunged by 331.18% to -$89.2 million in 2023, then dropped by 6.81% to -$95.2 million in 2024, then grew by 4.64% to -$90.8 million in 2025, then surged by 182.18% to $74.6 million in 2026.
• The last three Cost of Revenue figures came in at $74.6 million (Q1 2026), -$90.8 million (Q4 2025), and $36.1 million (Q3 2025), per Business Quant data.