AMERICAN PUBLIC EDUCATION INC (APEI)
American Public Education, Inc. (APEI), along with its affiliated entities, delivers higher learning opportunities accessible both online and at physical campuses. The organization operates through three principal divisions: the American Public University System, Rasmussen University, and Hondros College of Nursing. APEI provides an extensive array of academic pathways, offering 130 degree programs and 111 certificate qualifications across diverse fields of study. These include business administration, health sciences, technology, criminal justice, education, and the liberal arts, in addition to specialized areas like national security, military studies, intelligence, and homeland security. Furthermore, the company places a significant emphasis on healthcare education, featuring a practical nursing diploma, an associate's degree in nursing, and an associate's degree in medical laboratory technology. Established in 1991, American Public Education, Inc. maintains its corporate headquarters in Charles Town, West Virginia.
Sector: Services-Educational Services
Industry: Education & Training Services
American Public Education, Inc.
NASDAQ:APEIConsumer Defensive · Education & Training Services
+1.78%$42.33
CLOSED · Nov 3Prev close$41.59+1.78%Close$42.330.00%AH close$42.33
AH$42.33+0.00%vs close
Mkt Cap$774.7M
Float16.17M
O/S18.3M
VOL216K sh
$ Vol$9.1M
RVOL1.12×
Inst Own99.0%
SI16.0%
Dilution
Financials Summary
Revenue$648.86M
Net Income$31.56M
Total Assets$543.43M
Free Cash Flow$46.1M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$162.96M
Total Equity$294.78M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in APEI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$543.43M
Liabilities$248.65M
Accounts Receivable$65.66M
Accounts Payable$4.82M
Inventory$0
PP&E (Net)$128.28M
Goodwill$59.59M
Intangible Assets$28.22M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Revenue | $648.86M | $624.56M | $600.54M | $606.33M | $418.8M | $321.79M | $286.27M | $297.69M | $299.25M | $313.14M | $327.91M | $350.02M | $329.48M | $313.52M | $260.38M | $198.17M | $149M | $107.15M | $69.09M | $40.05M | $28.18M | $23.12M | $17.76M |
| YoY Growth | 3.9% | 4.0% | -1.0% | 44.8% | 30.1% | 12.4% | -3.8% | -0.5% | -4.4% | -4.5% | -6.3% | 6.2% | 5.1% | 20.4% | 31.4% | 33.0% | 39.1% | 55.1% | 72.5% | 42.1% | 21.9% | 30.2% | - |
| Cost of Revenue | $313.17M | $295.7M | $292.86M | $288.47M | $172.62M | $122.16M | $111.92M | $115.28M | $116.16M | $117.01M | $118.85M | $123.77M | $112.78M | $110.19M | $95.22M | $75.31M | $58.38M | $43.56M | $29.48M | $17.96M | $13.25M | $0 | $8.6M |
| Gross Profit | $335.69M | $328.86M | $307.68M | $317.86M | $246.18M | $199.62M | $174.35M | $182.41M | $183.09M | $196.13M | $209.06M | $226.25M | $216.69M | $203.32M | $165.16M | $122.86M | $90.61M | $63.59M | $39.62M | $22.09M | $14.93M | $23.12M | $9.15M |
| Gross Margin | 51.7% | 52.7% | 51.2% | 52.4% | 58.8% | 62.0% | 60.9% | 61.3% | 61.2% | 62.6% | 63.8% | 64.6% | 65.8% | 64.9% | 63.4% | 62.0% | 60.8% | 59.3% | 57.3% | 55.2% | 53.0% | 100.0% | 51.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $281.83M | $270.77M | $261.19M | $275M | $196.7M | $161.03M | $138.11M | $131.5M | $127.36M | $127.76M | $136.26M | $144.3M | $135.75M | $123.38M | $93.06M | $66.34M | $45.52M | $33.66M | $22.1M | $14.04M | $11.41M | $0 | $2.82M |
| Other | $0 | $25.02M | $94.8M | $180.2M | $19.11M | $13.84M | $15.6M | $17.5M | $18.78M | $19.38M | $20.52M | $16.12M | $13.51M | $11.15M | $9.24M | $6.5M | $5.23M | $4.24M | $2.83M | $5.1M | $1.3M | $0 | $4.49M |
| Total Operating Expenses | $281.83M | $295.79M | $355.99M | $455.2M | $215.81M | $174.87M | $153.71M | $149M | $146.13M | $147.15M | $156.78M | $160.42M | $149.26M | $134.52M | $102.3M | $72.84M | $50.75M | $37.9M | $24.93M | $19.15M | $12.71M | $0 | $7.31M |
| Operating Income (EBIT) | $53.86M | $33.07M | -$48.31M | -$137.35M | $30.37M | $24.76M | $28.54M | $33.41M | $34.86M | $38.28M | $52.28M | $65.83M | $67.44M | $68.8M | $62.86M | $50.02M | $39.87M | $25.69M | $14.69M | $2.94M | $2.22M | $23.12M | $1.85M |
| Operating Margin | 8.3% | 5.3% | -8.0% | -22.7% | 7.3% | 7.7% | 10.0% | 11.2% | 11.6% | 12.2% | 15.9% | 18.8% | 20.5% | 21.9% | 24.1% | 25.2% | 26.8% | 24.0% | 21.3% | 7.3% | 7.9% | 100.0% | 10.4% |
| Interest Expense | $4.23M | $2.13M | $4.46M | $17.73M | $4.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $1.09M | $3.91M | $2.92M | $185K | $116K | $115K | $361K | $309K | $135K | $109K | $111K | $94K | $706K | $888K | $289K | $225K | $0 | $0 |
| Other Income (Expense) | -$10.15M | -$2.13M | -$9.7M | -$13.92M | -$5.11M | $1.09M | -$3.98M | $2.03M | $185K | $116K | $115K | $361K | $309K | $135K | $109K | $111K | $94K | $706K | $888K | $289K | $225K | $56K | $5K |
| Income Before Tax (EBT) | $43.7M | $30.94M | -$58M | -$151.27M | $25.26M | $25.85M | $16.66M | $35.44M | $35.04M | $38.39M | $52.4M | $66.19M | $67.75M | $68.94M | $62.97M | $50.13M | $39.96M | $26.39M | $15.58M | $3.23M | $2.45M | $0 | $1.85M |
| Income Tax Expense | $12.15M | $10.42M | -$10.71M | -$36.28M | $7.51M | $7.02M | $5.19M | $9.29M | $11.49M | $14.94M | $20.07M | $25.15M | $25.64M | $26.53M | $22.21M | $20.27M | $16.02M | $10.21M | $6.83M | $771K | $1.06M | -$2.29M | $634K |
| Net Income | $31.56M | $16.11M | -$47.29M | -$114.99M | $17.75M | $18.82M | $10.01M | $25.64M | $21.12M | $24.16M | $32.41M | $40.88M | $42.03M | $42.32M | $40.76M | $29.87M | $23.94M | $16.19M | $8.75M | $1.8M | $1.08M | $2.29M | $217K |
| Net Income Margin | 4.9% | 2.6% | -7.9% | -19.0% | 4.2% | 5.8% | 3.5% | 8.6% | 7.1% | 7.7% | 9.9% | 11.7% | 12.8% | 13.5% | 15.7% | 15.1% | 16.1% | 15.1% | 12.7% | 4.5% | 3.9% | 9.9% | 1.2% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | 1.40 | 0.57 | -2.94 | -6.10 | 0.98 | 1.27 | 0.62 | 1.56 | 1.30 | 1.50 | 1.94 | 2.36 | 2.38 | 2.38 | 2.28 | 1.63 | 1.32 | 0.91 | 0.69 | 0.15 | -1.44 | 0.22 | 0.04 |
| Diluted EPS | 1.36 | 0.55 | -2.94 | -6.08 | 0.97 | 1.25 | 0.62 | 1.54 | 1.29 | 1.49 | 1.93 | 2.33 | 2.35 | 2.35 | 2.23 | 1.59 | 1.27 | 0.86 | 0.64 | 0.15 | -1.44 | 0.22 | 0.04 |
| Weighted Average OS | 18.01M | 17.63M | 18.11M | 18.86M | 18.09M | 14.88M | 16.09M | 16.40M | 16.24M | 16.07M | 16.68M | 17.36M | 17.66M | 17.77M | 17.88M | 18.28M | 18.17M | 17.84M | 12.76M | 11.74M | 8.06M | 5.39M | 5.40M |
| EBITDA | $64.08M | $52.37M | -$25.73M | -$101.39M | $47.37M | $38.59M | $44.14M | $51.79M | $55.73M | $68.36M | $73.62M | $82.07M | $80.94M | $79.95M | $72.1M | $56.52M | $45.1M | $29.92M | $17.52M | $8.04M | $3.52M | $23.12M | $2.06M |
| EBITDA Margin | 9.9% | 8.4% | -4.3% | -16.7% | 11.3% | 12.0% | 15.4% | 17.4% | 18.6% | 21.8% | 22.5% | 23.4% | 24.6% | 25.5% | 27.7% | 28.5% | 30.3% | 27.9% | 25.4% | 20.1% | 12.5% | 100.0% | 11.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2003-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $176.5M | $131.93M | $116.66M | $129.46M | $122.63M | $226.49M | $201.44M | $212.13M | $179.21M | $146.35M | $105.73M | $115.63M | $94.82M | $114.9M | $119.01M | $81.35M | $74.87M | $47.71M | $26.95M | $11.68M | $5.51M | $5.15M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $176.5M | $131.93M | $116.66M | $129.46M | $122.63M | $226.49M | $201.44M | $212.13M | $179.21M | $146.35M | $105.73M | $115.63M | $94.82M | $114.9M | $119.01M | $81.35M | $74.87M | $47.71M | $26.95M | $11.68M | $5.51M | $5.15M |
| Accounts Receivable | $65.66M | $63.41M | $51.45M | $45.22M | $41.33M | $17.65M | $11.32M | $14.96M | $7.14M | $6.95M | $7.92M | $8.16M | $12.73M | $15.38M | $11.1M | $11.05M | $9.53M | $7.49M | $5.99M | $6.13M | $5.42M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.5M | $0 | $0 | $0 | $0 | $0 | $1.16M | $707K | $0 |
| Other Current Assets | $17.66M | $51.48M | $36.24M | $0 | $27M | $1.2M | $3.06M | $0 | $0 | $0 | $6.71M | $6.05M | $3.43M | $6.5M | $3.65M | $1.37M | $999K | $640K | $309K | $332K | $271K | $0 |
| Total Current Assets | $259.82M | $260.57M | $217.38M | $186.09M | $202.64M | $251.81M | $222.91M | $232.57M | $191.13M | $163.72M | $131.11M | $136.22M | $116.58M | $141.07M | $138.72M | $98M | $88.38M | $58M | $34.84M | $18.99M | $11.73M | $5.15M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $128.28M | $168.16M | $187.53M | $209.76M | $180.36M | $77.18M | $90.15M | $86.88M | $92.37M | $97.69M | $109.28M | $102.42M | $90.73M | $82.84M | $58.76M | $42.41M | $25.29M | $19.62M | $13.36M | $9.36M | $9.53M | $0 |
| Goodwill | $59.59M | $59.59M | $59.59M | $112.59M | $243.49M | $26.56M | $26.56M | $33.9M | $33.9M | $38.63M | $38.63M | $38.63M | $38.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $28.22M | $28.22M | $31.54M | $54.73M | $85.08M | $3.72M | $3.72M | $3.72M | $4.61M | -$4.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $2.6M | $4.5M | -$5.06M | $10.49M | $10.5M | $11.97M | $12.48M | $14.61M | $15.91M | $12.05M | $10.6M | $6.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $61.19M | $47.31M | $51.36M | $105.55M | $5.06M | $0 | $0 | $5.36M | $6.28M | $5.09M | $6.71M | $6.05M | $3.43M | $6.5M | $3.65M | $1.37M | $999K | $640K | $309K | $0 | $0 | $0 |
| Other Long-Term Assets | $6.33M | $6.25M | $7.39M | $12.02M | $14.04M | $1.25M | $1.05M | $278K | $2.87M | $5.7M | $2.24M | $2.53M | $12.16M | $1.02M | -$2.24M | $52K | $1.08M | $547K | $466K | $394K | $1.18M | $0 |
| Total Long-Term Assets | $283.62M | $309.53M | $340M | $499.16M | $522.97M | $119.21M | $131.99M | $138.39M | $147.91M | $156.99M | $172.78M | $161.69M | $155.07M | $96.53M | $60.17M | $43.84M | $27.37M | $20.81M | $14.14M | $9.76M | $10.71M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.35M |
| Total Assets | $543.43M | $570.1M | $557.39M | $685.25M | $725.61M | $371.02M | $354.9M | $370.96M | $339.04M | $320.71M | $303.9M | $297.9M | $271.65M | $237.6M | $198.89M | $141.84M | $115.75M | $78.81M | $48.98M | $28.75M | $22.44M | $12.35M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $4.82M | $7.85M | $8.66M | $3.81M | $13.5M | $3.76M | $3.55M | $9.11M | $8.84M | $6.85M | $6.26M | $11.03M | $11.56M | $17.25M | $16.32M | $9.42M | $6.76M | $4.95M | $2.47M | $1.5M | $1.11M | $0 |
| Short-Term Debt | $11.37M | $0 | $0 | $14.4M | $22.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $178K | $0 | $0 | $1.71M | $559K | $682K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $23.02M | $23.47M | $23.83M | $23.76M | $21.78M | $22.1M | $0 | $18.31M | $19.37M | $20.64M | $29.73M | $23.8M | $24.83M | $25.78M | $25.88M | $18.82M | $14.2M | $9.63M | $3.84M | $3.85M | $2.78M | $0 |
| Other Current Liabilities | $13.38M | $20.55M | $16.71M | $13.78M | $1.43M | $15.66M | $17.43M | $3.81M | $9.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.92M | $5.25M | $2.77M | $8K | $278K | $0 |
| Total Current Liabilities | $75.05M | $79.16M | $73.99M | $70.76M | $83.68M | $55.06M | $45.28M | $44.33M | $43.35M | $42.17M | $50.8M | $48.25M | $54.26M | $55.07M | $56.69M | $37.59M | $28.96M | $21.65M | $13.41M | $8.55M | $5.99M | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $94.67M | $93.42M | $94.68M | $93.15M | $151.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.94M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | -$5.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $22.01M | $0 | $0 | $70.19M | $5.06M | $2.58M | $0 | $5.36M | $6.28M | $13.87M | $15.94M | $15.44M | $10.33M | $11.38M | $8.37M | $6.95M | $4.77M | $3.69M | $2.06M | $1.44M | $1.91M | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $5.06M | $0 | $3.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $173.6M | $187.07M | $191.42M | $264.76M | $226.32M | $9.04M | $12.89M | $5.36M | $6.28M | $13.87M | $15.94M | $15.44M | $10.33M | $11.38M | $8.37M | $6.95M | $4.77M | $3.69M | $2.06M | $3.38M | $1.91M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.07M |
| Total Liabilities | $248.65M | $266.22M | $265.41M | $335.52M | $310M | $64.09M | $58.16M | $49.69M | $49.63M | $56.04M | $66.74M | $63.69M | $64.59M | $66.45M | $65.06M | $44.54M | $33.73M | $25.34M | $15.47M | $11.93M | $7.91M | $13.07M |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $39.69M | $39.69M | $39.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $181K | $177K | $176K | $189K | $187K | $148K | $152K | $164K | $163K | $161K | $160K | $172K | $176K | $178K | $178K | $186K | $183K | $180K | $177K | $118K | $117K | $0 |
| Retained Earnings | -$16.5M | -$41.8M | -$49.1M | $13.89M | $128.93M | $111.18M | $105.96M | $133.93M | $108.57M | $87.45M | $63.29M | $64.39M | $41.98M | $13.53M | -$13.4M | -$24.68M | -$54.55M | -$78.49M | -$94.67M | -$9.68M | -$11.47M | $0 |
| Comprehensive Income & Other | -$18K | -$7K | $1.64M | $3.1M | $108K | $0 | $0 | -$114.36M | -$99.18M | -$86.75M | -$76.76M | -$64.06M | -$50.84M | -$38.44M | -$28.47M | -$20.37M | -$14.57M | -$10.69M | -$6.55M | $0 | $0 | $0 |
| Other Stockholders' Equity | $311.1M | $345.51M | $340.9M | $335.65M | $286.49M | $195.6M | $190.62M | $187.17M | $180.67M | $177.06M | $173.7M | $169.65M | $164.91M | $157.45M | $147.05M | $121.79M | $136.38M | $131.78M | $128M | $26.38M | $25.89M | -$721K |
| Total Equity | $294.78M | $303.88M | $291.98M | $349.73M | $415.61M | $306.93M | $296.73M | $321.27M | $289.41M | $264.67M | $237.15M | $234.22M | $207.07M | $171.15M | $133.83M | $97.3M | $82.02M | $53.48M | $33.51M | $16.82M | $14.54M | -$721K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $543.43M | $570.1M | $557.39M | $685.25M | $725.61M | $371.02M | $354.9M | $370.96M | $339.04M | $320.71M | $303.9M | $297.9M | $271.65M | $237.6M | $198.89M | $141.84M | $115.75M | $78.81M | $48.98M | $28.75M | $22.44M | $12.35M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $162.96M | $200.62M | $204.73M | $208.97M | $257.42M | $8.85M | $11.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.97M | $0 | $0 |
| Net Debt | -$13.54M | $68.7M | $88.07M | $79.51M | $134.79M | -$217.64M | -$189.66M | -$212.13M | -$179.21M | -$146.35M | -$105.73M | -$115.63M | -$94.82M | -$114.9M | -$119.01M | -$81.35M | -$74.87M | -$47.71M | -$26.95M | -$9.71M | -$5.51M | -$5.15M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2003-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $31.56M | $16.11M | -$47.29M | -$114.99M | $17.75M | $18.82M | $10.01M | $25.64M | $21.12M | $24.16M | $32.41M | $40.88M | $42.03M | $42.32M | $40.76M | $29.87M | $23.94M | $16.19M | $8.75M | $1.8M | -$11.9M | $217K |
| Depreciation & Amortization | $16.15M | $19.3M | $27.82M | $32.13M | $17.83M | $12.98M | $15.6M | $17.5M | $18.78M | $19.38M | $20.52M | $16.12M | $13.51M | $11.15M | $9.24M | $6.5M | $5.23M | $4.24M | $2.83M | $1.95M | $1.3M | $216K |
| Deferred Income Tax | $8.13M | $4.05M | -$16M | -$41.91M | $5.53M | -$811K | -$1.97M | -$917K | -$2.49M | -$455K | -$160K | $2.49M | $2.02M | $161K | -$867K | $1.81M | $722K | $1.29M | $618K | -$599K | $864K | $0 |
| Stock-Based Compensation | $8.35M | $7.67M | $7.74M | $8.01M | $7.65M | $7.08M | $5.96M | $7.18M | $6.25M | $5.21M | $5.98M | $5.46M | $4.13M | $3.93M | $3.33M | $2.98M | $2.41M | $1.03M | $284K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$5.32M | -$11.49M | -$8.62M | -$2.04M | -$7.64M | -$6.33M | $2.73M | -$6.92M | -$187K | $968K | -$1.79M | $3.39M | $2.11M | -$7.04M | -$3.18M | -$1.76M | -$2.83M | $430K | -$989K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $2.21M | -$2.22M | -$1.13M | $450K | -$1.64M | -$6.03M | $5.52M | -$4.71M | -$71.76M | -$55.69M | -$54.31M | -$31.74M | -$16.66M | $0 | $0 | $0 |
| Accounts Payable | -$1.85M | -$816K | $4.86M | -$10.21M | $8.03M | -$86K | -$5.56M | $266K | $1.99M | $589K | -$4.76M | -$534K | -$5.9M | $933K | $6.9M | $2.67M | $1.81M | $969K | $390K | $0 | $0 | $0 |
| Other Working Capital | -$913K | $6.16M | $3.17M | $7.47M | -$35.91M | $12.27M | -$111K | $1.96M | -$1.26M | -$4.62M | $5.92M | -$1.02M | -$4.74M | -$107K | $82.03M | $60.42M | $59.42M | $36.36M | $21.43M | $2.07M | -$312K | $0 |
| Total Working Capital Change | -$8.09M | -$6.15M | -$597K | -$4.78M | -$35.52M | $5.86M | -$727K | -$6.92M | -$587K | -$2.61M | -$2.27M | -$4.2M | -$3.01M | -$10.93M | $13.99M | $5.63M | $4.09M | $6.02M | $4.17M | $2.07M | -$312K | $0 |
| Other Non-Cash Items | $5.86M | $7.89M | $73.85M | $150.76M | $3.01M | $882K | $9.5M | $1.7M | $4.88M | $10.33M | $727K | $281K | $737K | $6.29M | $3.99M | $283K | $364K | $989K | $870K | $3.13M | $13.72M | $1.85M |
| Net Cash from Operating | $61.97M | $48.87M | $45.51M | $29.21M | $16.27M | $44.81M | $38.37M | $44.18M | $47.94M | $56.01M | $57.21M | $61.03M | $59.41M | $52.92M | $70.44M | $47.08M | $36.76M | $29.76M | $17.52M | $8.93M | $3.66M | $2.28M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$15.86M | -$21.08M | -$13.89M | -$16.39M | -$11.83M | -$4.93M | -$7.25M | -$9.43M | -$14.79M | -$16.4M | -$27.27M | -$25.67M | -$20.89M | -$35.34M | -$25.23M | -$23.03M | -$11.79M | -$10.9M | -$7.17M | -$4.93M | -$4.99M | -$4.12M |
| Acquisitions | $20.66M | $0 | $0 | $1.95M | -$325.51M | $0 | $0 | $0 | -$300K | -$950K | -$3.87M | -$1.62M | -$48.36M | -$6.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$300K | -$950K | -$3.87M | -$1.62M | -$4M | -$6.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.86M | -$779K | $2.61M | $545K | $20.65M | $6.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $123K | $765K | $672K | $767K | $0 | $0 | -$9.06M | $5.53M | $1.07M | $7.08M | -$16.65M | -$5.67M | -$573K | -$573K | -$1.04M | -$347K | -$459K | $0 | -$360K | $4.12M |
| Net Cash from Investing | $4.8M | -$21.08M | -$13.77M | -$13.67M | -$336.67M | -$4.16M | -$7.25M | -$9.43M | -$13.6M | -$13.55M | -$31.34M | -$21.29M | -$69.25M | -$48.09M | -$25.23M | -$23.03M | -$11.79M | -$10.9M | -$7.17M | -$4.93M | -$5.35M | -$4.12M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | $213K | $2.96M | $114K | $73.86M | -$172.81M | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.97M | -$1.97M | $30K | - |
| Common Stock Issuance | $1.21M | $0 | $0 | $0 | $86.2M | $0 | $0 | $0 | $98K | $118K | $55K | $536K | $3.31M | $4.06M | $910K | $1.12M | $640K | $770K | $99.94M | $199K | $18.6M | $0 |
| Common Stock Repurchases | -$47.45M | -$4.24M | -$10.74M | -$1.54M | -$3.03M | -$15.71M | -$40.51M | -$1.82M | -$1.59M | -$847K | -$35.31M | -$19.71M | -$14.42M | -$15.86M | -$9.74M | -$20.24M | -$220K | -$295K | -$55K | $0 | -$18.61M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$93.75M | $0 | $0 | $0 |
| Other Financing Activities | $0 | $67K | $0 | $0 | -$13.64M | $0 | $0 | $0 | $0 | -$1.12M | -$519K | $250K | $865K | $2.87M | $1.28M | $1.55M | $1.77M | $1.44M | $772K | $0 | $0 | $0 |
| Net Cash from Financing | -$49.21M | -$13.19M | -$16.86M | -$35.71M | $242.34M | -$15.71M | -$40.51M | -$1.82M | -$1.49M | -$1.85M | -$35.77M | -$18.93M | -$10.25M | -$8.94M | -$7.55M | -$17.57M | $2.19M | $1.91M | $4.93M | $2.17M | -$49K | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $17.56M | $14.6M | $14.88M | -$20.17M | -$78.06M | $24.95M | -$9.39M | $32.93M | $32.85M | $40.62M | -$9.9M | $20.81M | -$20.08M | -$4.11M | $37.65M | $6.49M | $27.15M | $20.76M | $15.27M | $6.17M | -$1.74M | -$1.84M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $61.97M | $48.87M | $45.51M | $29.21M | $16.27M | $44.81M | $38.37M | $44.18M | $47.94M | $56.01M | $57.21M | $61.03M | $59.41M | $52.92M | $70.44M | $47.08M | $36.76M | $29.76M | $17.52M | $8.93M | $3.66M | $2.28M |
| Capital Expenditure | -$15.86M | -$21.08M | -$13.89M | -$16.39M | -$11.83M | -$4.93M | -$7.25M | -$9.43M | -$14.79M | -$16.4M | -$27.27M | -$25.67M | -$20.89M | -$35.34M | -$25.23M | -$23.03M | -$11.79M | -$10.9M | -$7.17M | -$4.93M | -$4.99M | -$4.12M |
| Free Cash Flow | $46.1M | $27.79M | $31.62M | $12.83M | $4.44M | $39.88M | $31.11M | $34.75M | $33.15M | $39.62M | $29.94M | $35.36M | $38.52M | $17.58M | $45.21M | $24.05M | $24.96M | $18.85M | $10.34M | $4M | -$1.33M | -$1.84M |
| Cash at Beginning | $158.94M | $144.34M | $129.46M | $149.63M | $227.69M | $202.74M | $212.13M | $179.21M | $146.35M | $105.73M | $115.63M | $94.82M | $114.9M | $119.01M | $81.35M | $74.87M | $47.71M | $26.95M | $11.68M | $5.51M | $7.25M | $4.12M |
| Cash at End | $176.5M | $158.94M | $144.34M | $129.46M | $149.63M | $227.69M | $202.74M | $212.13M | $179.21M | $146.35M | $105.73M | $115.63M | $94.82M | $114.9M | $119.01M | $81.35M | $74.87M | $47.71M | $26.95M | $11.68M | $5.51M | $2.28M |