American Public Education (APEI) Free Cash Flow (2016 - 2026)
Quarterly Free Cash Flow rose 83.64% to $60.8 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $73.8 million through Mar 2026, up 59.15% year-over-year, with the annual reading at $46.1 million for FY2025, 65.89% up from the prior year.
American Public Education's Free Cash Flow history spans 18 years, with the latest figure at $60.8 million for Q1 2026.
- Free Cash Flow came in at $60.8 million for Q1 2026, up from -$15.6 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $60.8 million in Q1 2026 to a low of -$28.5 million in Q4 2022.
- The 5-year median for Free Cash Flow is $11.1 million (2025), against an average of $10.5 million.
- Year-over-year, Free Cash Flow skyrocketed 512.54% in 2022 and then plummeted 789.97% in 2025.
- American Public Education's Free Cash Flow stood at -$28.5 million in 2022, then surged by 73.58% to -$7.5 million in 2023, then skyrocketed by 76.7% to -$1.8 million in 2024, then tumbled by 789.97% to -$15.6 million in 2025, then skyrocketed by 489.12% to $60.8 million in 2026.
- Per Business Quant, the three most recent readings for APEI's Free Cash Flow are $60.8 million (Q1 2026), -$15.6 million (Q4 2025), and $17.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (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 | 48.56 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 53.60 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 86.48 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 183.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 67.65 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | -26.43 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 77.31 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | -10.06 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 60.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.78 Mn |
| Mar 31, 2026 | 60.78 Mn |
| Dec 31, 2025 | -15.62 Mn |
| Dec 31, 2025 | -15.62 Mn |
| Sep 30, 2025 | 17.51 Mn |
| Sep 30, 2025 | 17.51 Mn |
| Jun 30, 2025 | 11.11 Mn |
| Jun 30, 2025 | 11.11 Mn |
| Mar 31, 2025 | 33.10 Mn |
| Mar 31, 2025 | 33.10 Mn |
| Dec 31, 2024 | -1.76 Mn |
| Dec 31, 2024 | -1.76 Mn |
| Sep 30, 2024 | 7.76 Mn |
| Sep 30, 2024 | 7.76 Mn |
| Jun 30, 2024 | 7.26 Mn |
| Jun 30, 2024 | 7.26 Mn |
| Mar 31, 2024 | 14.53 Mn |
| Mar 31, 2024 | 14.53 Mn |
| Dec 31, 2023 | -7.53 Mn |
| Dec 31, 2023 | -7.53 Mn |
| Sep 30, 2023 | 17.21 Mn |
| Sep 30, 2023 | 17.21 Mn |
| Jun 30, 2023 | 12.39 Mn |
| Jun 30, 2023 | 12.39 Mn |
| Mar 31, 2023 | 9.55 Mn |
| Mar 31, 2023 | 9.55 Mn |
| Dec 31, 2022 | -28.51 Mn |
| Dec 31, 2022 | -28.51 Mn |
| Sep 30, 2022 | 3.26 Mn |
| Sep 30, 2022 | 3.26 Mn |
| Jun 30, 2022 | 15.79 Mn |
| Jun 30, 2022 | 15.79 Mn |
| Mar 31, 2022 | 22.29 Mn |
| Mar 31, 2022 | 22.29 Mn |
| Dec 31, 2021 | 9.67 Mn |
| Dec 31, 2021 | 9.67 Mn |
| Sep 30, 2021 | -11.10 Mn |
| Sep 30, 2021 | -11.10 Mn |
| Jun 30, 2021 | -3.83 Mn |
| Jun 30, 2021 | -3.83 Mn |
| Mar 31, 2021 | 9.70 Mn |
| Mar 31, 2021 | 9.70 Mn |
| Dec 31, 2020 | -678,000.00 |
| Dec 31, 2020 | -678,000.00 |
| Sep 30, 2020 | 11.71 Mn |
| Sep 30, 2020 | 11.71 Mn |
| Jun 30, 2020 | 19.20 Mn |
| Jun 30, 2020 | 19.20 Mn |
| Mar 31, 2020 | 9.65 Mn |
| Mar 31, 2020 | 9.65 Mn |
| Dec 31, 2019 | 3.33 Mn |
| Dec 31, 2019 | 3.33 Mn |
| Sep 30, 2019 | 7.02 Mn |
| Sep 30, 2019 | 7.02 Mn |
| Jun 30, 2019 | 14.45 Mn |
| Jun 30, 2019 | 14.45 Mn |
| Mar 31, 2019 | 6.31 Mn |
| Mar 31, 2019 | 6.31 Mn |
| Dec 31, 2018 | 14.54 Mn |
| Dec 31, 2018 | 14.54 Mn |
| Sep 30, 2018 | 4.44 Mn |
| Sep 30, 2018 | 4.44 Mn |
| Jun 30, 2018 | 7.43 Mn |
| Jun 30, 2018 | 7.43 Mn |
| Mar 31, 2018 | 8.58 Mn |
| Mar 31, 2018 | 8.58 Mn |
| Dec 31, 2017 | 10.43 Mn |
| Dec 31, 2017 | 10.43 Mn |
| Sep 30, 2017 | 10.23 Mn |
| Sep 30, 2017 | 10.23 Mn |
| Jun 30, 2017 | 9.11 Mn |
| Jun 30, 2017 | 9.11 Mn |
| Mar 31, 2017 | 3.38 Mn |
| Mar 31, 2017 | 3.38 Mn |
| Dec 31, 2016 | 6.60 Mn |
| Dec 31, 2016 | 6.60 Mn |
| Sep 30, 2016 | 11.14 Mn |
| Sep 30, 2016 | 11.14 Mn |
| Jun 30, 2016 | 4.97 Mn |
| Jun 30, 2016 | 4.97 Mn |