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American Public Education (APEI) free cash flow by quarter

American Public Education's free cash flow was $7.4M in Q2 2026 (second quarter 2026), -88% from Q1 2026. Over the last 5 quarters it ranged from $7.4M (Q2 2026) to $60.8M (Q1 2026).

American Public Education free cash flow by quarterAmerican Public Education free cash flow by quarter$33.1MQ1 2025$11.1MQ2 2025$17.5MQ3 2025$60.8MQ1 2026$7.4MQ2 2026
QuarterFree cash flowQ/QY/Y
Q2 2026$7.4M-88%-33%
Q1 2026$60.8M+247%+84%
Q3 2025$17.5M+58%—
Q2 2025$11.1M-66%—
Q1 2025$33.1M——

Q2 2026 at a glance

American Public Education, Q2 2026: revenue $172M (+6% year over year), operating margin 7.9%, net earnings $9.8M, operating cash flow $12.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is American Public Education's free cash flow?

American Public Education's free cash flow was $7.4M in Q2 2026 (second quarter 2026), -88% from Q1 2026.

How has American Public Education's free cash flow changed?

Over the last 5 quarters it ranged from $7.4M (Q2 2026) to $60.8M (Q1 2026).

Q2 2026 results → · How American Public Education makes money →