Jun 2026 (Q2 FY26) — Aug 10, 2026
APEI Q2 FY26 — Strong Performance, Raised Full-Year Guidance, and Institutional Combination Complete
Read the full callAmerican Public Education (APEI) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
American Public Education earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 172 | +5.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.9 | +3.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 9.8 | +117.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$49.35 +0.33% · +$0.16
Performance +34.9% 1Y
1Y: $36.57 on 17 Oct 2025 → $49.35. High $60.86 (20 Apr 2026), low $30.67 (6 Nov 2025).
- Previous close
- $49.19
- 52-week range
- $30.67 – $60.86
- One year
- +31.53%
Overview
- Symbol
- APEI
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
American Public Education earnings calls (APEI)
Financials
What the filings say
Net profit, year on year: +117% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 153 | 164 | 165 | 163 | 163 | 158 | 175 | 172 |
| Expenses | 149 | 143 | 152 | 156 | 154 | 139 | 153 | 158 |
| Operating profit | 4 | 22 | 12 | 7 | 10 | 19 | 22 | 14 |
| Operating margin | 2.7% | 13.1% | 7.4% | 4.3% | 5.9% | 12.0% | 12.4% | 7.9% |
| Profit before tax | 3 | 21 | 11 | 6 | 9 | 18 | 19 | 14 |
| Tax rate | 35.3% | 38.1% | 21.7% | 24.0% | 35.6% | 29.2% | 7.9% | 31.0% |
| Net profit | 2 | 13 | 9 | 4 | 6 | 13 | 18 | 10 |
| EPS ($ per share) | 0.04 | 0.65 | 0.42 | 0.02 | 0.31 | 0.70 | 0.97 | 0.53 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 134 | 106 | 111 | 129 | 14 | -49 | -42 | -16 |
| Total liabilities | 50 | 58 | 64 | 310 | 265 | 265 | 266 | 227 |
| Fixed assets | 87 | 78 | 68 | 102 | 101 | 88 | 73 | 71 |
| Investments | — | — | — | — | — | — | — | 0 |
| Total assets | 371 | 355 | 371 | 726 | 615 | 557 | 570 | 521 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 44 | 38 | 45 | 16 | 29 | 46 | 49 | 62 |
| Cash from investing | -9 | -7 | -4 | -337 | -14 | -14 | -21 | 5 |
| Cash from financing | -2 | -41 | -16 | 242 | -36 | -17 | -13 | -49 |
| Net cash flow | 33 | -9 | 25 | -78 | -20 | 15 | 15 | 18 |
| Capital expenditure | -9 | -7 | -5 | -12 | -16 | -14 | -21 | -16 |
| Free cash flow | 35 | 31 | 40 | 4 | 13 | 32 | 28 | 46 |
Insider filings
82 filings between Oct 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$22.52M
24 sales by 6 insiders
25% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 23
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 32
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| 325 CAPITAL LLC | — | $18.96M | Mar 20, 2026 |
| Axenson Tanya Joy | — | $1.47M | Mar 16, 2026 |
| Fernandes Nuno S. | — | $1.24M | Aug 12, 2026 |
| Beckett Thomas | — | $637.6K | Jun 22, 2026 |
| Gaffney Karmela | — | $150.9K | Mar 17, 2026 |
| Kenigsberg James | — | $60.0K | Aug 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Pianko Daniel S. Director | Award | 1,106 | $40.0K |
| Aug 12, 2026 | Fernandes Nuno S. President, APUS | Option exercise | 8,800 | $93.8K |
| Aug 12, 2026 | Fernandes Nuno S. President, APUS | Sale | 8,800 | $397.1K |
| Aug 12, 2026 | Kenigsberg James Chief Inno & Tech Officer | Sale 10b5-1 plan | 1,313 | $60.0K |
| Aug 4, 2026 | Kenigsberg James Chief Inno & Tech Officer | Tax withheld | 2,133 | $113.9K |
| Aug 3, 2026 | Kenigsberg James Chief Inno & Tech Officer | Award | 7,573 | $0 |
| Jul 1, 2026 | Pianko Daniel S. Director | Award | 1,107 | $40.0K |
| Jun 22, 2026 | Beckett Thomas SVP, General Counsel | Sale 10b5-1 plan | 2,000 | $108.0K |
| Jun 15, 2026 | Beckett Thomas SVP, General Counsel | Sale 10b5-1 plan | 2,587 | $135.7K |
| Jun 15, 2026 | Beckett Thomas SVP, General Counsel | Sale 10b5-1 plan | 200 | $10.6K |
| Jun 15, 2026 | Beckett Thomas SVP, General Counsel | Sale 10b5-1 plan | 5,213 | $267.9K |
| May 22, 2026 | Braner Michael David Director | Award | 2,135 | $0 |
| May 22, 2026 | Statuto Richard J. Director | Award | 2,135 | $0 |
| May 22, 2026 | Fabrega Anna M. Director | Award | 2,135 | $0 |
| May 22, 2026 | Blevins Granetta B. Director | Award | 2,135 | $0 |
| May 22, 2026 | Kenigsberg James Int Chief Inno & Tech Officer | Tax withheld | 1,286 | $66.2K |
| May 22, 2026 | Pianko Daniel S. Director | Award | 2,135 | $0 |
| May 13, 2026 | Fernandes Nuno S. President, APUS | Sale | 4,500 | $240.0K |
| Apr 1, 2026 | Pianko Daniel S. Director | Award | 1,107 | $40.0K |
| Mar 20, 2026 | 325 CAPITAL LLC Insider | Sale | 2,900 | $158.4K |
| Mar 20, 2026 | 325 CAPITAL LLC Insider | Sale | 62,100 | $3.34M |
| Mar 19, 2026 | 325 CAPITAL LLC Insider | Sale | 10,477 | $567.9K |
| Mar 19, 2026 | 325 CAPITAL LLC Insider | Sale | 4,702 | $261.2K |
| Mar 19, 2026 | 325 CAPITAL LLC Insider | Sale | 80,333 | $4.40M |
| Mar 19, 2026 | Fernandes Nuno S. President, APUS | Sale | 1,100 | $59.5K |
| Mar 18, 2026 | 325 CAPITAL LLC Insider | Sale | 63,500 | $3.52M |
| Mar 17, 2026 | Gaffney Karmela SVP, Chief Marketing Officer | Sale | 2,700 | $150.9K |
| Mar 17, 2026 | 325 CAPITAL LLC Insider | Sale | 58,797 | $3.28M |
| Mar 16, 2026 | 325 CAPITAL LLC Insider | Sale | 61,962 | $3.44M |
| Mar 16, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Sale | 566 | $32.2K |
| Mar 16, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Sale | 8,817 | $495.3K |
| Mar 16, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Sale | 10,617 | $586.1K |
| Mar 16, 2026 | Beckett Thomas SVP, General Counsel | Sale 10b5-1 plan | 2,000 | $115.4K |
| Mar 16, 2026 | Fernandes Nuno S. President, APUS | Sale | 6,500 | $350.1K |
| Mar 10, 2026 | Beckett Thomas SVP, General Counsel | Award | 14,425 | $0 |
| Mar 10, 2026 | Gaffney Karmela SVP, Chief Marketing Officer | Tax withheld | 1,469 | $66.9K |
| Mar 10, 2026 | Selden Angela K. President and CEO | Tax withheld | 12,901 | $587.1K |
| Mar 10, 2026 | Fernandes Nuno S. President, APUS | Award | 13,770 | $0 |
| Mar 10, 2026 | Beckett Thomas SVP, General Counsel | Tax withheld | 2,169 | $98.7K |
| Mar 10, 2026 | Selden Angela K. President and CEO | Award | 98,352 | $0 |
| Mar 10, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Tax withheld | 1,729 | $78.7K |
| Mar 10, 2026 | Fernandes Nuno S. President, APUS | Tax withheld | 1,807 | $82.2K |
| Mar 10, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Award | 14,425 | $0 |
| Mar 10, 2026 | Arnold Mark L. President, Rasmussen | Tax withheld | 1,067 | $48.6K |
| Mar 10, 2026 | Arnold Mark L. President, Rasmussen | Award | 10,492 | $0 |
| Mar 10, 2026 | Gaffney Karmela SVP, Chief Marketing Officer | Award | 14,425 | $0 |
| Feb 9, 2026 | Beckett Thomas SVP, General Counsel | Tax withheld | 1,537 | $67.9K |
| Feb 9, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Tax withheld | 1,166 | $51.5K |
| Feb 9, 2026 | Axenson Tanya Joy SVP, Chief HR Officer | Tax withheld | 948 | $41.9K |
| Feb 9, 2026 | Selden Angela K. President and CEO | Tax withheld | 14,224 | $628.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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