American Public Education Inc. (APEI) Releases Q4 2025 Earnings: Revenue and EPS Beat, Gross and Operating Profit Down

American Public Education Inc. (APEI) reported fourth-quarter 2025 results.

Revenue totaled $158.3 million, above the consensus estimate of $154.9 million (down 3.5% year-over-year).

Diluted earnings per share were $0.67, versus an estimate of $0.38 (up 6.4% year-over-year).

Net income attributable to common shareholders rose to $12.6 million (up 9.6% year-over-year).

Cash from operating activities jumped to $21.7 million (up 1,257.7% year-over-year).

Key financial highlights and balance sheet items:

Gross profit: $89.4 million (down 62.7% year-over-year).

Operating profit: $19.0 million (down 26.1% year-over-year).

Cost of sales: $69.0 million (year-over-year swing of -191.5%).

Cash and cash equivalents stood at $176.5 million, with total liabilities of $226.6 million (liabilities down 14.9% year-over-year).

Capital expenditures (purchases of property, plant and equipment) were ($4.2 million) (up 25.1% year-over-year).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

American Public Education Inc. Insider Trading Activity

American Public Education Inc. insiders have traded $APEI stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $APEI stock by insiders over the last 6 months:

TANYA JOY AXENSON (SVP, Chief HR Officer) sold 10,363 shares for an estimated $360,304
NUNO S. FERNANDES (President, APUS) sold 5,500 shares for an estimated $190,740

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

American Public Education Inc. Hedge Fund Activity

We have seen 85 institutional investors add shares of American Public Education Inc. stock to their portfolio, and 75 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DIVISADERO STREET CAPITAL MANAGEMENT, LP added 1,288,786 shares (+336.7%) to their portfolio in Q4 2025, for an estimated $48,716,110
LAZARD ASSET MANAGEMENT LLC removed 230,645 shares (-78.3%) from their portfolio in Q4 2025, for an estimated $8,718,381
INVESCO LTD. removed 217,192 shares (-83.0%) from their portfolio in Q4 2025, for an estimated $8,209,857
ASSENAGON ASSET MANAGEMENT S.A. added 170,604 shares (+1667.5%) to their portfolio in Q4 2025, for an estimated $6,448,831
HILLSDALE INVESTMENT MANAGEMENT INC. removed 169,387 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $6,685,704
LORD, ABBETT & CO. LLC removed 161,919 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,120,538
LSV ASSET MANAGEMENT removed 125,500 shares (-66.5%) from their portfolio in Q4 2025, for an estimated $4,743,900

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

American Public Education Inc. Analyst Ratings

Wall Street analysts have issued reports on $APEI in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 11/24/2025
Lake Street issued a "Buy" rating on 11/21/2025
B. Riley Securities issued a "Buy" rating on 11/11/2025
Barrington Research issued a "Outperform" rating on 11/11/2025
Northland Capital Markets issued a "Outperform" rating on 09/25/2025

To track analyst ratings and price targets for American Public Education Inc., check out Quiver Quantitative's $APEI forecast page.

American Public Education Inc. Price Targets

Multiple analysts have issued price targets for $APEI recently. We have seen 6 analysts offer price targets for $APEI in the last 6 months, with a median target of $47.0.

Here are some recent targets:

Alexander Paris from Barrington Research set a target price of $51.0 on 03/04/2026
Tom White from DA Davidson set a target price of $48.0 on 02/04/2026
Griffin Boss from B. Riley Securities set a target price of $53.0 on 01/27/2026
Jasper Bibb from Truist Securities set a target price of $38.0 on 11/21/2025
Eric Martinuzzi from Lake Street set a target price of $40.0 on 11/21/2025
Luke Horton from Northland Capital Markets set a target price of $46.0 on 09/25/2025