American Public Education, Inc. (APEI): history, ownership, mission, how it works & makes money

A Brief History of American Public Education, Inc. (APEI)

Foundation and Early Years

American Public Education, Inc. (APEI) was founded in 2004 and is headquartered in Charles Town, West Virginia. The company is the parent of American Military University (AMU) and American Public University (APU), both of which cater primarily to service members and their families.

Initial Public Offering

APEI went public in 2007, trading on the NASDAQ under the ticker symbol APEI. The initial offering price was approximately $15 per share, and it raised around $23 million.

Growth and Acquisition

In 2017, APEI reported annual revenues of approximately $138 million, a significant increase from $125 million in 2016. By 2020, its revenue grew to an estimated $185 million. APEI has acquired several institutions to expand its educational offerings.

Financial Performance

In 2021, APEI's net income reached approximately $22.7 million, with total assets of $223.5 million and total liabilities of $126.9 million. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2021 was reported at $38.4 million.

Impact of COVID-19

The COVID-19 pandemic significantly influenced online education enrollment rates across the U.S. APEI reported a 15% increase in enrollment during the 2020 academic year as many students sought remote learning options.

Recent Developments

As of 2023, APEI had approximately 75,000 enrolled students across its online programs. The company has focused on growing its nursing and health sciences programs, reflecting trends in higher education.

Strategic Initiatives

APEI has implemented strategic initiatives aimed at enhancing student engagement and retention, including improved online platforms and support services.

Future Outlook

APEI's projected revenue for 2024 is approximately $210 million, indicating a continued growth trajectory in the online education market.

A Who Owns American Public Education, Inc. (APEI)

Current Ownership Structure

American Public Education, Inc. (APEI) is publicly traded under the ticker symbol APEI. As of the latest filings in 2023, the ownership structure of APEI is as follows:

Top Institutional Shareholders

The following table outlines the largest institutional shareholders of APEI:

Insider Ownership Details

Insider ownership of APEI consists of executives and board members who hold positions within the company. The following is a breakdown of significant insiders:

Recent Financial Performance

APEI reported financial results for Q2 2023. Here are the key figures reflecting its performance:

Market Capitalization

As of October 2023, APEI has a market capitalization of approximately:

• $126.5 million

Stock Performance

The stock performance of APEI for the past year is as follows:

Future Outlook

Projected growth for APEI in 2024 includes:

• Revenue growth anticipated at 7%.
• Expected operating income of $12 million.
• Investment in new programs estimated at $5 million.

American Public Education, Inc. (APEI) Mission Statement

Overview of APEI

American Public Education, Inc. operates through its subsidiaries, primarily focusing on providing online postsecondary education. The company's mission statement underscores its commitment to providing affordable and accessible education to military personnel, veterans, and working adults.

Current Mission Statement

The mission of APEI is to offer high-quality education that is accessible and affordable. This commitment is reflected in their goal to deliver programs that meet the needs of students from various backgrounds, especially targeting demographics such as active military members, veterans, and non-traditional students.

Financial Performance

As of the latest fiscal year ending December 31, 2022, APEI reported the following financial metrics:

Student Enrollment Statistics

In the 2022 academic year, APEI had a total student enrollment of approximately 38,000 students, comprising:

• Active Military and Veterans: 25%
• Non-Traditional Students: 75%

Program Offerings

APEI provides a diverse range of programs, including:

• Bachelor’s Degrees
• Master’s Degrees
• Certificate Programs
• Associate Degrees

Accreditation

APEI is accredited by the Higher Learning Commission, which ensures that the institution meets high-quality educational standards.

Impact on the Community

American Public Education, Inc. actively engages with its community, offering various initiatives aimed at supporting military families, including:

• Scholarships for military personnel
• Flexible online course offerings
• Job placement assistance

Recent Developments

In 2023, APEI announced new partnerships to enhance its curriculum and expand program offerings, which include:

• Collaboration with industry leaders to update training materials
• Increased focus on STEM (Science, Technology, Engineering, and Mathematics) education

Future Goals

The future goals of APEI include:

• Increasing student enrollment by 15% by 2025
• Enhancing online learning technologies
• Expanding its geographic reach

Conclusion of Mission Alignment

The mission statement of American Public Education, Inc. is intricately aligned with its operational goals, emphasizing educational access, affordability, and quality. The company's financial health and strategic initiatives reflect its ongoing commitment to delivering on this mission.

How American Public Education, Inc. (APEI) Works

Company Overview

American Public Education, Inc. (APEI) operates as a provider of online postsecondary education. It is the parent company of several institutions including American Public University System (APUS) and others.

Financial Performance

For the fiscal year ending December 31, 2022, the company reported:

• Revenue: $315.9 million
• Net Income: $9.5 million
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): $35.8 million

Enrollment Statistics

As of the end of Q2 2023, APEI had approximately:

• Total Enrollment: 49,000 students
• Online Programs Offered: 200+

Cost Structure

The cost structure of APEI for 2022 included:

Revenue Breakdown

The revenue sources for APEI in 2022 consisted of:

Market Position

APEI's market position involves:

• Market Share in Online Education: Approximately 3%
• Competing Institutions: University of Phoenix, Southern New Hampshire University

Recent Developments

In Q1 2023, APEI announced:

• Introduction of new degree programs focused on technology and healthcare.
• Partnerships with various organizations for workforce development programs.

Future Outlook

Projected financial results for 2023 include:

• Expected Revenue Growth: 5-7%
• Target Enrollment Growth: 3-5%

How American Public Education, Inc. (APEI) Makes Money

Tuition Revenue

American Public Education, Inc. primarily generates revenue through tuition fees charged to students enrolled in its online programs. For the fiscal year 2022, APEI reported total tuition revenue of $199.8 million, representing a significant portion of its overall income.

Enrollment Numbers

The company's student enrollment plays a crucial role in its financial performance. As of the end of Q2 2023, APEI had approximately 59,000 enrolled students across its various institutions, including American Public University System (APUS) and the University of Phoenix.

Other Revenue Streams

In addition to tuition, APEI earns income from various ancillary services, including course materials and fees associated with specific programs. In 2022, other revenue accounted for approximately $12.2 million.

Financial Performance Metrics

Financial performance can be assessed using several key metrics:

Cost Structure

APEI incurs costs related to instructional expenses, marketing, and administrative expenses. The breakdown of these costs is as follows:

Market Positioning

APEI positions itself in the market by providing affordable and accessible online education. The average tuition rate for undergraduate programs is approximately $290 per credit hour, while graduate programs average around $350 per credit hour.

Government Funding and Financial Aid

A significant portion of APEI’s student body utilizes federal financial aid. In 2022, approximately 85% of APEI's students received some form of federal financial aid, boosting enrollment and retention rates.

Future Projections

Looking ahead, analysts project that APEI's total revenue could reach approximately $230 million by 2025, driven by anticipated growth in online education enrollment and expanding program offerings.