American Public Education, Inc. (APEI) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 174.74M | 158.33M | 163.22M | 162.77M | 164.55M | 164.11M | 153.12M | 152.9M | 154.43M | 152.8M | 150.84M | 147.21M |
| Revenue Growth % | 6.19% | -3.52% | 6.59% | 6.46% | 6.55% | 7.4% | 1.51% | 3.86% | 3.17% | 0.24% | 0.87% | -1.6% |
| Cost of Goods Sold | 78.78M | 73.08M | 74.7M | 78.42M | 74.94M | 71.66M | 75.4M | 76.22M | 72.42M | 70.75M | 73.23M | 75M |
| COGS % of Revenue | 45.09% | 46.15% | 45.77% | 48.18% | 45.54% | 43.67% | 49.24% | 49.85% | 46.9% | 46.3% | 48.55% | 50.94% |
| Gross Profit | 95.95M | 85.25M | 88.52M | 84.34M | 89.61M | 92.45M | 77.72M | 76.68M | 82.01M | 82.06M | 77.61M | 72.22M |
| Gross Margin % | 54.91% | 53.85% | 54.23% | 51.82% | 54.46% | 56.33% | 50.76% | 50.15% | 53.1% | 53.7% | 51.45% | 49.06% |
| Gross Profit Growth % | 7.08% | -7.78% | 13.89% | 9.99% | 9.27% | 12.66% | 0.14% | 6.18% | 8.19% | 3.13% | -0.14% | -6.84% |
| Operating Expenses | 74.16M | 66.2M | 78.82M | 77.32M | 77.36M | 70.91M | 73.59M | 74.46M | 76.83M | 66.13M | 71.21M | 137.48M |
| OpEx % of Revenue | 42.44% | 41.81% | 48.29% | 47.5% | 47.01% | 43.21% | 48.06% | 48.7% | 49.75% | 43.27% | 47.21% | 93.39% |
| Selling, General & Admin | 74.16M | 66.2M | 70.83M | 73.19M | 71.61M | 65.28M | 68.49M | 68.26M | 68.73M | 55.68M | 64.2M | 65.5M |
| SG&A % of Revenue | 42.44% | 41.81% | 43.4% | 44.97% | 43.52% | 39.78% | 44.73% | 44.65% | 44.51% | 36.44% | 42.56% | 44.49% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 21.8M | 19.05M | 9.7M | 7.03M | 12.25M | 21.54M | 4.13M | 2.22M | 5.18M | 15.93M | 6.4M | -65.27M |
| Operating Margin % | 12.47% | 12.03% | 5.94% | 4.32% | 7.44% | 13.12% | 2.7% | 1.45% | 3.36% | 10.43% | 4.24% | -44.34% |
| Operating Income Growth % | 77.99% | -11.52% | 134.85% | 216.44% | 136.32% | 35.17% | -35.48% | 103.4% | 196.5% | 6180.92% | 723.78% | 53.8% |
| EBITDA | 25.95M | 23.18M | 13.64M | 11.11M | 16.24M | 25.4M | 9.21M | 7.45M | 10.31M | 21.01M | 13.43M | -57.31M |
| EBITDA Margin % | 14.85% | 14.64% | 8.36% | 6.83% | 9.87% | 15.48% | 6.01% | 4.87% | 6.68% | 13.75% | 8.9% | -38.93% |
| EBITDA Growth % | 59.82% | -8.75% | 48.15% | 49.13% | 57.5% | 20.87% | -31.41% | 113% | 332.1% | 175.91% | 93.01% | 56.95% |
| D&A (Non-Cash Add-back) | 4.15M | 4.12M | 3.95M | 4.09M | 3.99M | 3.86M | 5.08M | 5.23M | 5.13M | 5.08M | 7.03M | 7.95M |
| EBIT | 21.8M | 19.05M | 9.7M | 7.06M | 12.25M | 21.54M | 4.13M | 3.18M | 5.21M | 21.29M | 6.4M | -65.27M |
| Net Interest Income | -725K | -1.17M | -1.07M | -1.11M | -887K | -585K | -631K | -785K | -126K | -791K | -792K | -1.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 725K | 1.17M | 1.07M | 1.11M | 887K | 585K | 631K | 785K | 126K | 791K | 792K | 1.1M |
| Other Income/Expense | -2.55M | -1.25M | -1.07M | -1.11M | -887K | -585K | -631K | -1.86M | -3.45M | -794K | -6.02M | -1.1M |
| Pretax Income | 19.25M | 17.8M | 8.63M | 5.92M | 11.36M | 20.95M | 3.5M | 355K | 1.73M | 15.14M | 384K | -66.36M |
| Pretax Margin % | 11.01% | 11.24% | 5.29% | 3.64% | 6.9% | 12.77% | 2.28% | 0.23% | 1.12% | 9.91% | 0.25% | -45.08% |
| Income Tax | 1.51M | 5.19M | 3.07M | 1.42M | 2.47M | 7.99M | 1.24M | -16K | 1.21M | 2.12M | 3.71M | -15.14M |
| Effective Tax Rate % | 7.87% | 29.17% | 35.56% | 24.02% | 21.71% | 38.12% | 35.33% | -4.51% | 70.16% | 14.03% | 966.67% | 22.81% |
| Net Income | 17.73M | 12.61M | 5.56M | 4.5M | 8.89M | 12.96M | 2.26M | 371K | 516K | 13.01M | -3.33M | -51.23M |
| Net Margin % | 10.15% | 7.96% | 3.41% | 2.76% | 5.4% | 7.9% | 1.48% | 0.24% | 0.33% | 8.52% | -2.21% | -34.8% |
| Net Income Growth % | 99.38% | -2.75% | 145.8% | 1111.86% | 1623.45% | -0.38% | 167.97% | 100.72% | 108.99% | 299.14% | 11.54% | 53.44% |
| Net Income (Continuing) | 17.73M | 12.61M | 5.56M | 4.5M | 8.89M | 12.96M | 2.26M | 371K | 516K | 13.01M | -3.33M | -51.23M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.94 | 0.67 | 0.30 | -0.02 | 0.41 | 0.63 | 0.04 | -0.07 | -0.06 | 0.64 | -0.27 | -2.94 |
| EPS Growth % | 129.27% | 6.35% | 650% | 74.29% | 783.33% | -1.56% | 114.81% | 97.62% | 84.21% | 288.24% | -35% | 49.57% |
| EPS (Basic) | 0.97 | 0.70 | 0.31 | -0.02 | 0.42 | 0.65 | 0.04 | -0.07 | -0.06 | 0.65 | -0.27 | -2.94 |
| Diluted Shares Outstanding | 18.8M | 18.66M | 18.75M | 18.03M | 18.42M | 18.37M | 18.25M | 18.13M | 17.81M | 17.9M | 17.82M | 17.99M |
| Basic Shares Outstanding | 18.28M | 18.01M | 18.07M | 18.03M | 17.84M | 17.69M | 17.68M | 17.63M | 17.51M | 17.76M | 17.78M | 17.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |