# AMERICAN PUBLIC EDUCATION, INC. (APEI) · Edgar & Edgarette company card

> American Public Education (APEI) grew revenue 3.9% in FY2025 to $649 million, operating margin 7.4%, in line with the 7.4% median for services-educational services, equity 56.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1201792 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/APEI) · [JSON](https://www.pops4.com/boards/company/APEI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $649M |
| Revenue growth, 1 year | 3.9% |
| Revenue growth per year | 11.6% |
| Operating margin | 7.4% (prior year 5.3%) |
| Net margin | 4.9% |
| Operating cash flow | $62M |
| Capital spending | $16M |
| Free cash flow | $46M |
| Cash | $174M |
| Long-term debt | $95M |
| Total assets | $521M |
| Total equity | $295M |
| Equity ÷ assets | 56.5% |
| Return on equity | 10.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 4.2 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Beneish M: -2.78 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $648.9M (FY2025), total debt $94.7M. Experience: revenue up 3.9% on the year, up 11.6% a year over 4 years; operating margin 7.4%, up from 5.3%. Soundness: equity 56.5% of assets, return on equity 10.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $519.2M and $830.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $461.0M to $940.1M. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-educational services): operating margin 7.4% against a 7.4% median; growth 3.9% against 8.6%.

Range logged 2026-10-28, receipt ff8484653f8e604d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-10-27 ([filing](https://www.sec.gov/Archives/edgar/data/1201792/000110465926119152/0001104659-26-119152-index.htm))

## Recent filings

- 8-K · filed 2026-10-27 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000110465926119152/0001104659-26-119152-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000110465926093372/0001104659-26-093372-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000120179226000012/0001201792-26-000012-index.htm)
- 8-K · filed 2026-08-05 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000110465926091094/0001104659-26-091094-index.htm)
- 8-K · filed 2026-05-26 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000110465926066248/0001104659-26-066248-index.htm)
- 10-Q · filed 2026-05-11 · [filing](https://www.sec.gov/Archives/edgar/data/1201792/000120179226000008/0001201792-26-000008-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001201792.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1201792

## Cite

POPS4, Edgar & Edgarette: AMERICAN PUBLIC EDUCATION, INC. (APEI) company card, from the company's own SEC filings, accessed 2026-10-28, https://www.pops4.com/boards/company/APEI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.