American Public Education Financials

Values in thousands	2026-06-30	2026-03-31	2025-12-31	2025-09-30
Revenue	$171,731	$174,738	$158,330	$163,215
Gross Profit	95,091	95,954	85,253	88,517
EBITDA	18,113	24,125	23,089	17,689
EBIT	14,160	19,971	18,967	13,743
Net Income	9,773	17,731	12,608	5,560
Net Change In Cash	171,731	174,738	158,330	163,215
Free Cash Flow	7,398	60,777	-15,619	17,513
Cash	146,548	220,998	176,499	191,345
Basic Shares	18,810	18,804	18,660	18,755

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	64,083	52,369	-25,726	-101,393
EBIT	47,935	33,066	-53,542	-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