American Public Education Income Statement (2009-2025) | APEI

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Income Statement	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Revenue & cost
Revenue (Quarter)	0.09B	0.08B	0.10B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.16B	0.16B	0.16B	0.16B	0.16B
Cost of Revenue (Quarter)	0.03B	0.03B	0.02B	0.07B	0.04B	0.04B	0.07B	0.07B	0.07B	0.03B	0.07B	-0.09B	0.03B	0.08B	0.03B	-0.10B	0.04B	0.04B	0.04B	0.19B
Gross Profit (Quarter)	0.06B	0.05B	0.07B	0.09B	0.12B	0.11B	0.08B	0.08B	0.08B	0.11B	0.08B	0.24B	0.12B	0.08B	0.12B	0.26B	0.13B	0.13B	0.13B	-0.03B
Operating items
Selling, General & Administrative (Quarter)	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.04B	0.03B	0.04B	0.04B	0.04B	0.04B	0.03B	0.04B
Other Operating Expenses (Quarter)	-0.00B	-0.00B		-0.00B	-0.00B	0.00B	-0.00B	0.00B				0.00B	-0.00B	-0.00B		-0.00B	-0.00B		-0.00B	-0.00B
Operating Expenses (Quarter)	0.08B	0.08B	0.10B	0.14B	0.15B	0.29B	0.15B	0.15B	0.16B	0.21B	0.14B	0.14B	0.15B	0.15B	0.15B	0.14B	0.15B	0.16B	0.15B	0.14B
Operating Income (Quarter)	0.01B	0.00B	0.00B	0.02B	0.01B	-0.14B	-0.00B	-0.00B	-0.01B	-0.07B	0.01B	0.02B	0.01B	0.00B	0.00B	0.02B	0.01B	0.01B	0.01B	0.02B
EBIT (Quarter)	0.01B	0.00B	0.00B	0.02B	0.01B	-0.14B	-0.00B	-0.00B	-0.01B	-0.07B	0.01B	0.02B	0.01B	0.00B	0.00B	0.02B	0.01B	0.01B	0.01B	0.02B
Non-operating items
Non Operating Investment Income (Quarter)																			-0.00B
Interest & Investment Income (Quarter)	0.00B	0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B
Net income details
EBT (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.15B	-0.00B	-0.01B	-0.01B	-0.07B	0.01B	0.02B	0.01B	0.00B	0.00B	0.02B	0.01B	0.01B	0.01B	0.02B
Tax Provisions (Quarter)	0.00B	0.00B	0.00B	0.00B	0.00B	-0.04B	-0.00B	-0.00B	-0.00B	-0.02B	0.00B	0.00B	0.00B	-0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B
Profit After Tax (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.11B	-0.00B	-0.01B	-0.01B	-0.05B	-0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B
Equity Income (Quarter)	-0.00B	-0.00B		-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.00B	-0.00B	-0.00B
Income from Continuing Operations (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.11B	-0.00B	-0.01B	-0.01B	-0.05B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B
Consolidated Net Income (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.11B	-0.00B	-0.01B	-0.01B	-0.05B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B
Income towards Parent Company (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.11B	-0.00B	-0.01B	-0.01B	-0.05B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B
Preferred Dividend Payments (Quarter)								0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Net Income towards Common Stockholders (Quarter)	0.01B	0.00B	-0.00B	0.01B	0.01B	-0.11B	-0.00B	-0.01B	-0.01B	-0.05B	-0.00B	0.01B	-0.00B	-0.00B	0.00B	0.01B	0.01B	-0.00B	0.01B	0.01B
Additional items
EPS (Basic) (Quarter)	0.50	0.03	-0.01	0.50	0.28	-5.83	-0.20	-0.35	-0.38	-2.94	-0.27	0.65	-0.06	-0.07	0.04	0.65	0.42	-0.02	0.31	0.70
EPS (Weighted Average and Diluted) (Quarter)	0.49	0.03	-0.01	0.50	0.28	-5.82	-0.20	-0.35	-0.38	-2.93	-0.27	0.64	-0.06	-0.06	0.04	0.63	0.41	-0.02	0.30	0.67
Shares Outstanding (Weighted Average) (Quarter)	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B
Shares Outstanding (Diluted Average) (Quarter)	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B
EBITDA (Quarter)	0.01B	0.00B	0.00B	0.02B	0.01B	-0.14B	-0.00B	-0.00B	-0.01B	-0.07B	0.01B	0.02B	0.01B	0.00B	0.00B	0.02B	0.01B	0.01B	0.01B	0.02B
Tax Rate (Quarter)	24.55%	32.32%	-520.93%	29.89%	16.31%	24.31%	18.61%	14.69%	19.78%	22.81%	66.19%	14.03%	23.99%	-1.11%	35.33%	38.12%	21.71%	24.02%	35.56%	29.17%

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American Public Education Income Statement (2009-2025) | APEI

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