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 $74.70M for the most recently reported fiscal quarter, ending 2025-09-30.

Quarterly Annual

Figures for fiscal quarter ending 2025-09-30

Income Statement Financials
Revenue	$163.22M
Net Income	$5.56M
Cost of Goods Sold	$74.70M
Gross Profit	$88.52M
Operating Expenses	$153.52M
Operating Income	$9.70M
Non-Operating Income/Expense	$-1.07M
Pre-Tax Income	$8.63M
Normalized Pre-Tax Income	$8.63M
Income after Taxes	$5.56M
Income from Continuous Operations	$5.56M
Consolidated Net Income/Loss	$5.56M
Normalized Income after Taxes	$5.56M
EBIT	$9.70M
EBITDA	$13.97M
Weighted-Average Shares Outstanding (Basic)	18.07M
Weighted-Average Shares Outstanding (Diluted)	18.75M
Earnings per Share (EPS) (Basic)	$0.31
Earnings per Share (EPS) (Diluted)	$0.30
Balance Sheet Financials
Current Assets	$259.11M
Property, Plant, and Equipment	$70.74M
Long-Term Assets	$266.19M
Total Assets	$525.30M
Current Liabilities	$91.39M
Long-Term Debt	$94.37M
Long-Term Liabilities	$154.57M
Total Liabilities	$245.96M
Common Equity	$279.34M
Tangible Shareholders Equity	$191.52M
Shareholders Equity	$279.34M
Common Shares Outstanding	18.08M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$73.52M
Cash Flow from Investing Activities	$10.45M
Cash Flow from Financial Activities	$-49.77M
Beginning Cash	$158.94M
End Cash	$193.14M
Increase/Decrease in Cash	$34.20M
Stock-Based Compensation	$6.13M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	$-2.75M
Fundamental Metrics & Ratios
Current Ratio	2.84
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.25
Debt to Equity Ratio	0.34
Gross Margin	54.23%
Operating Margin	5.94%
EBIT Margin	5.94%
EBITDA Margin	--
Pre-Tax Profit Margin	5.29%
Profit Margin	3.41%
Free Cash Flow	$84.68M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.31
Inventory Turnover	--
Receiveable Turnover	3.17
Days Sales in Receivables	28.42
Return on Equity	1.99%
Return on Tangible Equity	2.90%
Return on Assets	1.06%
Return on Investments	1.49%
Book Value Per Share	$15.45
Free Cash Flow per Share	$4.51
Operating Cash Flow per Share	$3.92

Data from Zacks Investment Research, Inc.