American Public Education Financials

Values in thousands	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Revenue	$174,738	$158,330	$163,215	$162,766
Gross Profit	95,954	85,253	88,517	84,343
EBITDA	24,125	23,089	17,689	11,148
EBIT	19,971	18,967	13,743	7,060
Net Income	17,731	12,608	5,560	4,496
Net Change In Cash	174,738	158,330	163,215	162,766
Free Cash Flow	60,777	-15,619	17,513	11,111
Cash	220,998	176,499	191,345	174,946
Basic Shares	18,804	18,660	18,755	18,034

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