APEI: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, APEI has $525,296K in assets. $245,960K in debts.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash, cash equivalents, and restricted cash (note 2)	193,144	176,579
Accounts receivable, net of allowance of 19,837 in 2025 and 19,280 in 2024	43,908	37,575
Prepaid expenses	14,426	18,308
Income tax receivable	7,632	2,496
Assets held for sale	0	0
Total current assets	259,110	234,958
Property and equipment, net	70,739	72,613
Operating lease assets, net	61,596	89,477
Deferred income taxes	40,075	45,957
Intangible assets, net	28,221	28,221
Goodwill	59,593	59,593
Other assets, net	5,962	6,550
Total assets	525,296	537,369

Accounts payable	7,708	10,067
Accrued compensation and benefits	30,033	20,317
Accrued liabilities	18,024	14,109
Deferred revenue and student deposits	23,952	24,967
Lease liabilities, current	11,672	13,447
Total current liabilities	91,389	82,907
Lease liabilities, long-term	60,203	88,160
Long-term debt, net	94,368	94,062
Total liabilities	245,960	265,129
Preferred stock, .01 par value 10,000,000 shares authorized 400 shares issued and outstanding in 2024, (117,439 liquidation preference per share, 46,976 in aggregate, for 2024) (note 12)	0	0
Common stock, .01 par value 100,000,000 shares authorized 18,080,212 issued and outstanding in 2025 17,712,575 issued and outstanding in 2024	181	180
Additional paid-in capital	308,290	306,756
Accumulated other comprehensive loss	-27	-28
Accumulated deficit	-29,108	-34,668
Total stockholders equity	279,336	272,240
Total liabilities and stockholders equity	525,296	537,369