Feed / APEI

American Public Education, Inc.

APEI

Consumer Defensive · 43.80 +6.6% today

Participation confirmed · construction unavailableMarket checked 28 Sept, 15:40 GMT-4

Market read

American Public Education, Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 8 of 9 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+6.6% todayVolume comparison unavailable
Market group8 of 9 activeIT Solutions Providers · active
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 6 of 9 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • ADTN remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 3 of 9 members or fewer.

Watch this read

Research brief

The story so far

Consumer Defensive · Education & Training Services

No new filing conclusion is available. 8 of 9 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 6 of 9 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • ADTN remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 28, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations330
Usable filing statements186
Verified relationships3
Evidence supporting the case
  • Operating margin changed +2.1 percentage points in the latest annual period.
  • Net margin changed +2.3 percentage points in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Diluted shares increased 2.8% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 57% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 39% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 25, 2026

41.69
6m-24.7%12m+16.7%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$418.8M+30.1%$0.97+21.3%
2022-12-31$606.3M+44.8%$-6.08+3.6%
2023-12-31$600.5M-1.0%$-2.93-3.8%
2024-12-31$624.6M+4.0%$0.55-0.2%
2025-12-31$648.9M+3.9%$1.36+2.8%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitypositive · 4 filings
“Investing Activities Net cash used in investing activities was $2.5 million for the three months ended March 31, 2026, compared to $3.4 million of net cash used in investing activities for the three months ended March 31, 2025, mainly due to a decrease in cap…”
10-Q · May 11, 2026 ↗
Credit and interest ratesnegative · 4 filings
“Net interest expense in the three months ended March 31, 2026, as compared to the prior year period, decreased primarily due to a decrease in interest expense due to the refinance of corporate debt and the decrease in market rates paid in the comparable perio…”
10-Q · May 11, 2026 ↗
Restructuring and cost reductionsmixed · 1 filings
“The increase in general and administrative expenses was primarily due to $5.8 million increases in employee compensation costs, which includes severance costs, in all segments and Corporate and Other, a $3.3 million increase in bad debt expense in all segment…”
10-K · Mar 12, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.2× · EV/sales 1.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

43.80+6.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 13:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for APEI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for APEI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind APEI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CRMSalesforce, Inc.partnerMar 12, 2026 ▾

“As discussed in greater detail in “Business – Company Overview – Information Technology”, in 2026, we plan to begin move non-core SIS data and workflow functions for RU and HCN into Salesforce to preserve core regulatory and academic-record functions within t…”

TFCTruist Financial CorporationlenderMar 12, 2026 ▾

“In connection with the completion of the Rasmussen Acquisition, we entered into a credit agreement with Macquarie Capital Funding LLC, as administrative agent and collateral agent, Macquarie Capital (USA) Inc., and Truist Securities, Inc.”

Depended on by

UTIUniversal Technical Institute, Inc.competitorNov 26, 2025 ▾

“Within the for-profit education sector, some of our public company competitors are Adtalem Global Education, Inc., American Public Education, Inc., Legacy Education, Lincoln Educational Services Corporation, Perdoceo Education Corporation, and Strategic Educa…”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

APEI is currently a Early Follower in the organic co-movement group Nursing Education. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for APEI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.