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American Public Education (APEI) Cost of Revenue (2016 - 2025)

American Public Education (APEI) has 17 years of Cost of Revenue data on record, last reported at $74.7 million in Q3 2025.

  • For Q3 2025, Cost of Revenue fell 0.93% year-over-year to $74.7 million; the TTM value through Sep 2025 reached $49.7 million, down 86.8%, while the annual FY2024 figure was $128.8 million, 56.02% down from the prior year.
  • Cost of Revenue reached $74.7 million in Q3 2025 per APEI's latest filing, up from -$4.7 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $152.7 million in Q4 2023 and bottomed at -$95.2 million in Q4 2024.
  • Average Cost of Revenue over 5 years is $41.9 million, with a median of $38.6 million recorded in 2022.
  • The widest YoY moves for Cost of Revenue: up 423.01% in 2022, down 218.1% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at -$11.9 million in 2021, then soared by 423.01% to $38.6 million in 2022, then soared by 295.91% to $152.7 million in 2023, then crashed by 162.37% to -$95.2 million in 2024, then skyrocketed by 178.44% to $74.7 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $74.7 million in Q3 2025, -$4.7 million in Q2 2025, and $74.9 million in Q1 2025.