American Public Education Quarterly Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Public Education free cash flow
In the quarter ended Jun 30, 2026, American Public Education generated $12.1 million of operating cash flow and spent $4.7 million on capital expenditures. That left free cash flow of $7.4 million, a free-cash-flow margin of 4.3% of revenue. Free cash flow was down 33.4% from the prior year's $11.1 million.
American Public Education returned $4.1 million to shareholders through share repurchases, equal to 56% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
American Public Education cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 9.77M | 17.73M | 12.61M | 5.56M | 4.50M | 8.89M | 12.96M | 2.26M | 371.00K | 516.00K | 13.01M | -3.33M |
| Net Income growth (YoY) | +117.37% | +99.38% | -2.75% | +145.80% | +1111.86% | +1623.45% | -0.38% | — | — | — | — | — |
| Depreciation & Amortization | 3.95M | 4.15M | 4.12M | 3.95M | 4.09M | 3.99M | 3.86M | 5.08M | 5.23M | 5.13M | 5.08M | 7.03M |
| Stock-Based Compensation | 2.23M | 2.33M | 2.22M | 1.63M | 2.24M | 2.26M | 2.17M | 1.76M | 1.82M | 1.92M | 1.72M | 1.73M |
| Change in Working Capital | -2.53M | 41.35M | -28.97M | -6.32M | 1.67M | 26.86M | -29.27M | 2.49M | 3.77M | 11.48M | -27.29M | 3.76M |
| Operating Cash Flow | 12.14M | 63.30M | -11.55M | 21.71M | 14.81M | 37.00M | 1.60M | 14.07M | 12.45M | 20.74M | -3.14M | 20.16M |
| Capital Expenditures | -4.74M | -2.53M | -4.07M | -4.20M | -3.70M | -3.90M | -3.35M | -6.31M | -5.20M | -6.22M | -4.39M | -2.95M |
| Investing Cash Flow | -80.66M | -2.53M | -5.65M | -4.90M | 18.75M | -3.40M | -3.35M | -6.31M | -5.20M | -6.22M | -4.39M | -2.83M |
| Share Repurchases | -4.14M | -8.71M | -333.00K | -206.00K | -30.00K | -3.69M | -13.00K | -92.00K | -25.00K | -4.11M | -1.71M | -27.00K |
| Debt Issued | 0 | 90.00M | — | — | 0 | 0 | — | — | — | — | — | — |
| Debt Repaid | -1.18M | -96.48M | -53.00K | -53.00K | -54.00K | -53.00K | -81.00K | -82.00K | -2.77M | -28.00K | -29.00K | -28.00K |
| Financing Cash Flow | -5.93M | -16.28M | 559.00K | -248.00K | -44.48M | -5.04M | -1.55M | -1.71M | -4.26M | -5.67M | -3.28M | -1.58M |
| Net Change in Cash | -74.45M | 44.50M | -16.64M | 16.57M | -10.92M | 28.56M | -3.31M | 6.06M | 2.99M | 8.86M | -10.81M | 15.75M |
| Free Cash Flow | 7.40M | 60.78M | -15.62M | 17.51M | 11.11M | 33.10M | -1.75M | 7.76M | 7.26M | 14.53M | -7.53M | 17.21M |
This table shows 12 quarterly periods of American Public Education's cash flow statement, from Q2 2026 back to Q3 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow APEI's reporting calendar. What is a cash flow statement?