| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 163,215 | 162,766 | 164,551 | 153,122 |
| Instructional costs and services | 74,698 | 78,423 | 74,944 | 75,401 |
| Selling and promotional | 36,139 | 35,048 | 35,205 | 33,459 |
| General and administrative | 34,689 | 38,147 | 36,407 | 35,030 |
| Depreciation and amortization | 3,946 | 4,088 | 3,992 | 5,080 |
| Loss on sale of subsidiary | -3,877 | - | - | - |
| Loss on assets held for sale (note 4) | 0 | 0 | -1,527 | - |
| Loss on leases (note 5) | -77 | 0 | - | - |
| Loss on disposals of long-lived assets | -92 | -35 | -230 | -23 |
| Total costs and expenses | 153,518 | 155,741 | 152,305 | 148,993 |
| Income from operations before interest and income taxes | 9,697 | 7,025 | 12,246 | 4,129 |
| Interest expense, net | -1,069 | -1,108 | -887 | -631 |
| Income before income taxes | 8,628 | 5,917 | 11,359 | 3,498 |
| Income tax expense | 3,068 | 1,421 | 2,466 | 1,236 |
| Equity investment loss | 0 | 0 | - | - |
| Net income | 5,560 | 4,496 | 8,893 | 2,262 |
| Preferred stock dividends | 0 | 1,319 | 1,432 | 1,531 |
| Loss on redemption of preferred stock | 0 | 3,501 | - | - |
| Net income (loss) available to common stockholders basic | 5,560 | -324 | 7,461 | 731 |
| Basic (in dollars per share) | 0.31 | -0.02 | 0.42 | 0.04 |
| Basic (in shares) | 18,070,000 | 18,034,000 | 17,840,000 | 17,679,000 |
| Diluted (in dollars per share) | 0.3 | -0.02 | 0.41 | 0.04 |
| Diluted (in shares) | 18,755,000 | 18,597,000 | 18,417,000 | 18,247,000 |
AMERICAN PUBLIC EDUCATION INC (APEI)
AMERICAN PUBLIC EDUCATION INC (APEI)