Company Analysis

American Public Education, Inc. (APEI)

Nasdaq: APEI · Services-Educational Services · Charles Town, WV · filing with the SEC since 2002
Grade5.4
◀ Past 4.9● Present 5.3▶ Future 6.1

The grade of American Public Education, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past4.930% of the headline
● Present5.340% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.9/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2018-06-14.

weight 33% of this tense · 39th percentile among 42 sector filers · read for itself

From the record

American Public Education, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2018-06-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.2/10

What has it actually done, year after year?

+8.4% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 52nd percentile among 39 sector filers · read for its customers

From the record

American Public Education, Inc.'s 10 filed years say what it did: revenue went from $313 million in fiscal 2016 to $649 million in fiscal 2025, up 8.4% a year; it rose in 5 of 9 years; the deepest fall was 9% from fiscal 2016 to fiscal 2019; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.4%bottom 47% of its family
  • the share of years revenue rosebottom 21% of its family
  • the share of filed years with a profittop 29% of its family
  • the deepest fall from a revenue peak8.6%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.9/10

How has it treated the people who own it?

Share count shrank 0.4% a year. 12% of cash flow returned. Insiders: 25 sales, 0 purchases.

weight 22% of this tense · 59th percentile among 28 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, American Public Education, Inc.'s diluted share count shrank about 0.4% a year, and dividends and buybacks returned about 12% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 25 sales (7 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-29 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 36% of its family
  • cash returned against operating cash flowtop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 43%: owes 43¢ per asset dollar.

weight 33% of this tense · 62nd percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, American Public Education, Inc. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 67 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 43 cents per dollar of assets, and net share issuance: its share count grew 2.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 39% of its family
  • return on equitytop 41% of its family
  • gross profit against assetstop 19% of its family
  • the share count against the year beforebottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.1/10

How strong is its position in its industry?

top 49% of 41 in its family; net margin 4.9%.

weight 45% of this tense · 51st percentile among 41 sector filers · read for its customers

From the record

American Public Education, Inc.'s standing among 41 graded names in its industry family: revenue of $649 million in fiscal 2025 ranks in the top 41% by size; a net margin of 4.9% ranks in the top 45%; revenue growth of 2.3% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

  • revenue against the family$649Mtop 41% of its family
  • net margin4.9%top 45% of its family
  • three-year revenue growth2.3%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.5/10

What are the people in charge doing?

bottom 45% of 13 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 45th percentile among 13 sector filers · read for its shareholders

From the record

American Public Education, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Selden, Angela K. (President and CEO, as filed), filing under that title since 2019-09-25, 7.1 years (top 42% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 4.3 years (bottom 19%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 14 peopletop 41% of its family
  • the median years the people in charge have filed4.3 yearsbottom 19% of its family
  • the chief executive's years on the record7.1 yearstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 41% of 41 in its family for room to expand.

weight 22% of this tense · 59th percentile among 41 sector filers · read for itself

From the record

American Public Education, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $174 million against debt of $95 million leaves 15.2% of its assets as net cash, top 44% of its family; cash from operations less capital spending is 7.1% of revenue (top 38%); a gross margin of 54.2% (top 43%) (its annual report).

What it rests on

  • cash less debt against assets15.2%top 44% of its family
  • cash from operations less capital spending against revenue7.1%top 38% of its family
  • gross margin54.2%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 39 in its family for growth drivers.

weight 45% of this tense · 48th percentile among 39 sector filers · read for its customers

From the record

American Public Education, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.3% a year over the last three filed years against 8.4% over all 10, slowing (bottom 47% of its family); the newest year grew 3.9% (bottom 47%); capital spending grew -1.1% a year (bottom 49%) (its annual reports). American Public Education, Inc. reported 4 product lines in fiscal 2025: Instructional Services Net of Grants and Scholarships at $592 million (91%), Textbook and Other Course Materials at $48 million (7%), Other Fees at $5 million (1%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-6.1 points a yearbottom 47% of its family
  • the newest year's revenue growth3.9%bottom 47% of its family
  • three-year growth of capital spending-1.1%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.0/10

Did its newest year beat what its own record pointed to?

top 20% of 36 in its family for expectations against reality.

weight 33% of this tense · 80th percentile among 36 sector filers · read for its shareholders

From the record

American Public Education, Inc.'s newest year against its own record: revenue of $649 million in fiscal 2025 came in 2.4% above the $634 million its prior three years' pace pointed to (top 29% of its family); net income of $32 million against a prior three-year average of $49 million (top 7%); a net margin of 4.9% against -8.1% before (top 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.4%top 29% of its family
  • net income against the prior three years' average+165%top 7% of its family
  • net margin against its prior average+12.9 pointstop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton APEI · research, not advice