American Public Education Quarterly Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Public Education financial position
As of Jun 30, 2026, American Public Education reported total assets of $537.7 million, up 0.1% from a year earlier against total liabilities of $223.7 million. Shareholders' equity stood at $314.1 million, or 58.4% of assets. The company held $146.5 million in cash and equivalents against $87.3 million of debt, a net cash position of $59.3 million.
The current ratio (current assets divided by current liabilities) was 3.25, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.28.
Summary generated from market data by MetaCap's automated system. Methodology
American Public Education balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 146.55M | 221.00M | 174.09M | 191.34M | 174.95M | 161.60M | 131.93M | 135.42M | 129.80M | 125.34M | 116.66M | 127.86M |
| Short-Term Investments | 76.26M | — | 0 | — | — | — | — | — | — | — | — | — |
| Receivables | 35.51M | 38.71M | 65.66M | 43.91M | 37.58M | 41.87M | 62.47M | 42.65M | 38.83M | 44.57M | 50.97M | 29.05M |
| Total Current Assets | 282.52M | 282.13M | 259.82M | 259.11M | 234.96M | 272.51M | 260.57M | 236.50M | 223.50M | 223.76M | 217.38M | 203.13M |
| Property, Plant & Equipment | 69.53M | 68.80M | 70.60M | 70.74M | 72.61M | 73.04M | 73.38M | 92.86M | 92.46M | 89.82M | 87.50M | 98.46M |
| Goodwill | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M | 59.59M |
| Intangible Assets | 28.22M | 28.22M | 28.22M | 28.22M | 28.22M | 28.22M | 28.22M | 28.23M | 29.02M | 30.28M | 31.54M | 32.80M |
| Total Assets | 537.75M | 537.91M | 521.42M | 525.30M | 537.37M | 578.66M | 570.10M | 569.59M | 560.70M | 558.98M | 557.39M | 555.27M |
| Accounts Payable | 5.15M | 8.14M | 4.82M | 7.71M | 10.07M | 7.85M | 7.85M | 10.46M | 7.00M | 7.34M | 8.66M | 7.98M |
| Short-Term Debt | 5.63M | 5.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 86.96M | 94.54M | 75.05M | 91.39M | 82.91M | 83.43M | 79.16M | 89.41M | 78.88M | 79.63M | 73.99M | 82.28M |
| Long-Term Debt | 81.64M | 83.20M | 94.67M | 94.37M | 94.06M | 93.75M | 93.42M | 93.09M | 92.75M | 95.04M | 94.68M | 94.32M |
| Total Liabilities | 223.69M | 231.75M | 226.64M | 245.96M | 265.13M | 268.65M | 266.22M | 279.17M | 272.01M | 270.51M | 265.41M | 273.88M |
| Shareholders' Equity | 314.06M | 306.17M | 294.78M | 279.34M | 272.24M | 310.01M | 303.88M | 290.42M | 288.69M | 288.47M | 291.98M | 281.39M |
| Retained Earnings | 6.00M | 231.00K | -16.50M | -29.11M | -34.67M | -34.34M | -41.80M | -53.31M | -54.04M | -52.88M | -49.10M | -58.86M |
| Total Debt | 87.26M | 88.27M | 94.67M | 94.37M | 94.06M | 93.75M | 93.42M | 93.09M | 92.75M | 95.04M | 94.68M | 94.32M |
| Net Cash (Debt) | 135.54M | 132.73M | 79.43M | 96.98M | 80.88M | 67.85M | 38.50M | 42.33M | 37.05M | 30.30M | 21.98M | 33.54M |
| Shares Outstanding | 18.37M | 18.41M | 18.13M | 18.08M | 18.06M | 18.04M | 17.71M | 17.71M | 17.67M | 17.57M | 17.60M | 17.78M |
This table shows 12 quarterly periods of American Public Education's balance sheet, from Q2 2026 back to Q3 2023, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow APEI's reporting calendar. What is a balance sheet?