Cost of Goods Sold (Quarterly)

Cost of Goods Sold: The difference between beginning and ending inventories for tangible products, resulting in an expense that reflects production and sales costs.

American Public Education, Inc. (APEI) had Cost of Goods Sold of $74.63M for the most recently reported fiscal quarter, ending 2026-03-31.

Quarterly Annual

Figures for fiscal quarter ending 2026-03-31

Income Statement Financials
Revenue	$174.74M
Net Income	$17.73M
Cost of Goods Sold	$74.63M
Gross Profit	$100.11M
Operating Expenses	$153.09M
Operating Income	$21.64M
Non-Operating Income/Expense	$-2.40M
Pre-Tax Income	$19.25M
Normalized Pre-Tax Income	$19.25M
Income after Taxes	$17.73M
Income from Continuous Operations	$17.73M
Consolidated Net Income/Loss	$17.73M
Normalized Income after Taxes	$17.73M
EBIT	$21.64M
EBITDA	$26.03M
Weighted-Average Shares Outstanding (Basic)	18.28M
Weighted-Average Shares Outstanding (Diluted)	18.80M
Earnings per Share (EPS) (Basic)	$0.97
Earnings per Share (EPS) (Diluted)	$0.94
Balance Sheet Financials
Current Assets	$282.13M
Property, Plant, and Equipment	$68.80M
Long-Term Assets	$255.79M
Total Assets	$537.91M
Current Liabilities	$94.54M
Long-Term Debt	$83.20M
Long-Term Liabilities	$137.21M
Total Liabilities	$231.75M
Common Equity	$306.17M
Tangible Shareholders Equity	$218.35M
Shareholders Equity	$306.17M
Common Shares Outstanding	18.41M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$63.30M
Cash Flow from Investing Activities	$-2.53M
Cash Flow from Financial Activities	$-16.28M
Beginning Cash	$176.50M
End Cash	$221.00M
Increase/Decrease in Cash	$44.50M
Stock-Based Compensation	$2.33M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	$0.00M
Fundamental Metrics & Ratios
Current Ratio	2.98
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.21
Debt to Equity Ratio	0.29
Gross Margin	57.29%
Operating Margin	12.39%
EBIT Margin	12.39%
EBITDA Margin	--
Pre-Tax Profit Margin	11.01%
Profit Margin	10.15%
Free Cash Flow	$60.78M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.32
Inventory Turnover	--
Receiveable Turnover	4.16
Days Sales in Receivables	21.62
Return on Equity	5.79%
Return on Tangible Equity	8.12%
Return on Assets	3.30%
Return on Investments	4.55%
Book Value Per Share	$16.63
Free Cash Flow per Share	$3.23
Operating Cash Flow per Share	$3.37

Data from Zacks Investment Research, Inc.