American Public Education annual free cash flow
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2025
American Public Education Free Cash Flow (FCF) History (APEI)
American Public Education reported $46.1M in free cash flow for fiscal 2025, an increase of 65.89% from the previous fiscal year, with a free cash flow margin of 7.10%.
View full American Public Education company overviewAmerican Public Education free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $46.1M | $18.3M | +65.89% | +7.10% |
| 2024 | 2024-12-31 | $27.8M | −$3.8M | −12.11% | +4.45% |
| 2023 | 2023-12-31 | $31.6M | $18.8M | +146.52% | +5.27% |
| 2022 | 2022-12-31 | $12.8M | $8.4M | +189.07% | +2.12% |
| 2021 | 2021-12-31 | $4.4M | −$35.4M | −88.88% | +1.06% |
| 2020 | 2020-12-31 | $39.9M | $8.8M | +28.18% | +12.39% |
| 2019 | 2019-12-31 | $31.1M | −$3.6M | −10.46% | +10.87% |
| 2018 | 2018-12-31 | $34.7M | $1.6M | +4.82% | +11.67% |
| 2017 | 2017-12-31 | $33.1M | −$6.5M | −16.32% | +11.08% |
| 2016 | 2016-12-31 | $39.6M | $8.6M | +27.75% | +12.65% |
| 2015 | 2015-12-31 | $31.0M | −$5.4M | −14.89% | — |
| 2014 | 2014-12-31 | $36.4M | −$2.3M | −6.01% | — |
| 2013 | 2013-12-31 | $38.8M | $20.9M | +116.44% | — |
| 2012 | 2012-12-31 | $17.9M | −$27.6M | −60.65% | — |
| 2011 | 2011-12-31 | $45.5M | $20.9M | +84.83% | — |
| 2010 | 2010-12-31 | $24.6M | −$1.4M | −5.29% | +12.43% |
| 2009 | 2009-12-31 | $26.0M | $6.3M | +31.65% | +17.45% |
| 2008 | 2008-12-31 | $19.7M | $9.1M | +84.73% | +18.43% |
| 2007 | 2007-12-31 | $10.7M | — | — | +15.47% |
American Public Education quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $7.4M | −$3.7M | −33.42% | +4.31% |
| Q1 2026 | 2026-03-31 | $60.8M | $27.7M | +83.64% | +34.78% |
| Q4 2025 | 2025-12-31 | −$15.6M | −$13.9M | — | −9.86% |
| Q3 2025 | 2025-09-30 | $17.5M | $9.8M | +125.60% | +10.73% |
| Q2 2025 | 2025-06-30 | $11.1M | $3.9M | +53.13% | +6.83% |
| Q1 2025 | 2025-03-31 | $33.1M | $18.6M | +127.84% | +20.11% |
| Q4 2024 | 2024-12-31 | −$1.8M | $2.4M | — | −1.07% |
| Q3 2024 | 2024-09-30 | $7.8M | −$6.1M | −43.99% | +5.07% |
| Q2 2024 | 2024-06-30 | $7.3M | −$5.1M | −41.46% | +4.75% |
| Q1 2024 | 2024-03-31 | $14.5M | $5.0M | +52.07% | +9.41% |
| Q4 2023 | 2023-12-31 | −$4.2M | $24.3M | — | −2.74% |
| Q3 2023 | 2023-09-30 | $13.9M | $10.6M | +325.38% | +9.19% |
| Q2 2023 | 2023-06-30 | $12.4M | −$3.4M | −21.52% | +8.42% |
| Q1 2023 | 2023-03-31 | $9.6M | −$12.7M | −57.15% | +6.38% |
| Q4 2022 | 2022-12-31 | −$28.5M | −$38.2M | — | −18.71% |
| Q3 2022 | 2022-09-30 | $3.3M | $14.4M | — | +2.18% |
| Q2 2022 | 2022-06-30 | $15.8M | $19.6M | — | +10.56% |
| Q1 2022 | 2022-03-31 | $22.3M | $12.6M | +129.84% | +14.40% |
| Q4 2021 | 2021-12-31 | $9.7M | $10.3M | — | +6.28% |
| Q3 2021 | 2021-09-30 | −$11.1M | −$22.8M | — | −11.30% |
| Q2 2021 | 2021-06-30 | −$3.8M | −$23.0M | — | −4.91% |
| Q1 2021 | 2021-03-31 | $9.7M | $45,000 | +0.47% | +10.95% |
| Q4 2020 | 2020-12-31 | −$678,000 | −$4.0M | — | −0.79% |
| Q3 2020 | 2020-09-30 | $11.7M | $4.7M | +66.76% | +14.80% |
| Q2 2020 | 2020-06-30 | $19.2M | $4.7M | +32.84% | +23.38% |
| Q1 2020 | 2020-03-31 | $9.7M | $3.3M | +52.98% | +12.94% |
| Q4 2019 | 2019-12-31 | $3.3M | −$11.0M | −76.72% | +4.48% |
| Q3 2019 | 2019-09-30 | $7.0M | $2.6M | +58.15% | +10.34% |
| Q2 2019 | 2019-06-30 | $14.5M | $7.0M | +94.55% | +20.48% |
| Q1 2019 | 2019-03-31 | $6.3M | −$2.3M | −26.44% | +8.59% |
| Q4 2018 | 2018-12-31 | $14.3M | $3.9M | +37.18% | +18.59% |
| Q3 2018 | 2018-09-30 | $4.4M | −$5.8M | −56.62% | +6.08% |
| Q2 2018 | 2018-06-30 | $7.4M | −$1.7M | −18.42% | +10.20% |
| Q1 2018 | 2018-03-31 | $8.6M | $5.2M | +153.49% | +11.44% |
| Q4 2017 | 2017-12-31 | $10.4M | $3.8M | +58.04% | — |
| Q3 2017 | 2017-09-30 | $10.2M | −$901,000 | −8.09% | +13.97% |
| Q2 2017 | 2017-06-30 | $9.1M | $4.1M | +83.22% | +12.61% |
| Q1 2017 | 2017-03-31 | $3.4M | −$13.5M | −79.99% | — |
| Q4 2016 | 2016-12-31 | $6.6M | −$1.2M | −15.66% | — |
| Q3 2016 | 2016-09-30 | $11.1M | −$2.1M | −16.13% | — |
| Q2 2016 | 2016-06-30 | $5.0M | −$3.1M | −38.29% | — |
| Q1 2016 | 2016-03-31 | $16.9M | $15.1M | +810.28% | — |
| Q4 2015 | 2015-12-31 | $7.8M | $3.3M | +72.98% | — |
| Q3 2015 | 2015-09-30 | $13.3M | −$5.6M | −29.76% | — |
| Q2 2015 | 2015-06-30 | $8.1M | $2.9M | +55.69% | — |
| Q1 2015 | 2015-03-31 | $1.9M | −$6.0M | −76.29% | — |
| Q4 2014 | 2014-12-31 | $4.5M | $4.9M | — | — |
| Q3 2014 | 2014-09-30 | $18.9M | $3.5M | +22.84% | — |
| Q2 2014 | 2014-06-30 | $5.2M | −$3.9M | −42.92% | — |
| Q1 2014 | 2014-03-31 | $7.8M | −$6.8M | −46.53% | — |
| Q4 2013 | 2013-12-31 | −$341,000 | −$12.3M | — | — |
| Q3 2013 | 2013-09-30 | $15.4M | $13.2M | +588.15% | — |
| Q2 2013 | 2013-06-30 | $9.1M | $13.6M | — | — |
| Q1 2013 | 2013-03-31 | $14.7M | $6.4M | +77.18% | — |
| Q4 2012 | 2012-12-31 | $11.9M | $137,000 | +1.16% | — |
| Q3 2012 | 2012-09-30 | $2.2M | −$12.6M | −84.94% | — |
| Q2 2012 | 2012-06-30 | −$4.5M | −$7.1M | — | — |
| Q1 2012 | 2012-03-31 | $8.3M | −$8.0M | −49.18% | — |
| Q4 2011 | 2011-12-31 | $11.8M | $6.0M | +104.56% | — |
| Q3 2011 | 2011-09-30 | $14.8M | $5.7M | +61.65% | — |
| Q2 2011 | 2011-06-30 | $2.6M | $3.4M | — | +4.28% |
| Q1 2011 | 2011-03-31 | $16.3M | $5.8M | +55.41% | +27.75% |
| Q4 2010 | 2010-12-31 | $5.8M | −$5.2M | −47.24% | +10.23% |
| Q3 2010 | 2010-09-30 | $9.2M | $2.4M | +34.58% | +19.02% |
| Q2 2010 | 2010-06-30 | −$797,000 | −$4.5M | — | −1.72% |
| Q1 2010 | 2010-03-31 | $10.5M | $6.0M | +132.29% | +22.14% |
| Q4 2009 | 2009-12-31 | $10.9M | — | — | +25.02% |
| Q3 2009 | 2009-09-30 | $6.8M | — | — | +18.71% |
| Q2 2009 | 2009-06-30 | $3.7M | — | — | +10.48% |
| Q1 2009 | 2009-03-31 | $4.5M | — | — | +13.60% |
American Public Education free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $39.9M to $46.1M, a compound annual growth rate of 2.94%. American Public Education's latest reported quarter, Q2 2026, generated $7.4M in free cash flow, a decrease of 33.42% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review American Public Education filings at SEC.gov ↗