American Public Education Financials

Values in thousands	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	$158,330	$163,215	$162,766	$164,551
Gross Profit	85,253	88,517	84,343	89,607
EBITDA	23,176	13,643	11,148	16,238
EBIT	19,054	9,697	7,060	12,246
Net Income	12,608	5,560	4,496	8,893
Net Change In Cash	158,330	163,215	162,766	164,551
Free Cash Flow	-15,619	17,513	11,111	33,096
Cash	176,499	191,345	174,946	161,597
Basic Shares	18,660	18,755	18,034	18,417

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$648,862	$624,559	$600,545	$606,328
Gross Profit	335,694	328,856	307,683	317,856
EBITDA	70,008	52,369	-20,490	-101,393
EBIT	53,860	33,066	-48,306	-133,520
Net Income	31,557	16,113	-47,286	-114,993
Net Change In Cash	648,862	624,559	600,545	606,328
Cost of Revenue				-20,169
Free Cash Flow	46,101	27,790	31,619	12,826
Cash	176,499	131,926	116,660	129,458
Basic Shares	18,660	18,149	18,193	18,914