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Side-by-side financial comparison of AMERICAN PUBLIC EDUCATION INC (APEI) and LendingClub Corp (LC). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $158.3M, roughly 1.6× AMERICAN PUBLIC EDUCATION INC). LendingClub Corp runs the higher net margin — 20.5% vs 8.0%, a 12.5% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs -3.5%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% CAGR vs 1.3%).
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
APEI vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.3M | $252.3M |
| Net Profit | $12.6M | $51.6M |
| Gross Margin | 56.4% | — |
| Operating Margin | 12.0% | — |
| Net Margin | 8.0% | 20.5% |
| Revenue YoY | -3.5% | 15.9% |
| Net Profit YoY | -2.7% | 341.0% |
| EPS (diluted) | $0.67 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $252.3M | ||
| Q4 25 | $158.3M | $266.5M | ||
| Q3 25 | $163.2M | $266.2M | ||
| Q2 25 | $162.8M | $248.4M | ||
| Q1 25 | $164.6M | $217.7M | ||
| Q4 24 | $164.1M | $217.2M | ||
| Q3 24 | $153.1M | $201.9M | ||
| Q2 24 | $152.9M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $12.6M | — | ||
| Q3 25 | $5.6M | $44.3M | ||
| Q2 25 | $4.5M | $38.2M | ||
| Q1 25 | $8.9M | $11.7M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $2.3M | $14.5M | ||
| Q2 24 | $371.0K | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | 56.4% | — | ||
| Q3 25 | 54.2% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 56.3% | — | ||
| Q3 24 | 50.8% | — | ||
| Q2 24 | 50.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 18.8% | ||
| Q3 25 | 5.9% | 21.5% | ||
| Q2 25 | 4.3% | 21.7% | ||
| Q1 25 | 7.4% | 7.2% | ||
| Q4 24 | 13.1% | 5.1% | ||
| Q3 24 | 2.7% | 8.9% | ||
| Q2 24 | 1.5% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 3.4% | 16.6% | ||
| Q2 25 | 2.8% | 15.4% | ||
| Q1 25 | 5.4% | 5.4% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 1.5% | 7.2% | ||
| Q2 24 | 0.2% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.67 | $0.36 | ||
| Q3 25 | $0.30 | $0.37 | ||
| Q2 25 | $-0.02 | $0.33 | ||
| Q1 25 | $0.41 | $0.10 | ||
| Q4 24 | $0.63 | $0.08 | ||
| Q3 24 | $0.04 | $0.13 | ||
| Q2 24 | $-0.06 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | — |
| Total DebtLower is stronger | $94.7M | — |
| Stockholders' EquityBook value | $294.8M | $1.5B |
| Total Assets | $521.4M | $11.9B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $174.1M | — | ||
| Q3 25 | $191.3M | — | ||
| Q2 25 | $174.9M | — | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $131.9M | — | ||
| Q3 24 | $135.4M | — | ||
| Q2 24 | $129.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | $94.7M | $0 | ||
| Q3 25 | $94.4M | $0 | ||
| Q2 25 | $94.1M | $0 | ||
| Q1 25 | $93.7M | $0 | ||
| Q4 24 | $93.4M | $0 | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.8M | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $294.8M | $1.5B | ||
| Q3 25 | $279.3M | $1.5B | ||
| Q2 25 | $272.2M | $1.4B | ||
| Q1 25 | $310.0M | $1.4B | ||
| Q4 24 | $303.9M | $1.3B | ||
| Q3 24 | $290.4M | $1.3B | ||
| Q2 24 | $288.7M | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $521.4M | $11.6B | ||
| Q3 25 | $525.3M | $11.1B | ||
| Q2 25 | $537.4M | $10.8B | ||
| Q1 25 | $578.7M | $10.5B | ||
| Q4 24 | $570.1M | $10.6B | ||
| Q3 24 | $569.6M | $11.0B | ||
| Q2 24 | $560.7M | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.32× | 0.00× | ||
| Q3 25 | 0.34× | 0.00× | ||
| Q2 25 | 0.35× | 0.00× | ||
| Q1 25 | 0.30× | 0.00× | ||
| Q4 24 | 0.31× | 0.00× | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.32× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-11.6M | — |
| Free Cash FlowOCF − Capex | $-15.6M | — |
| FCF MarginFCF / Revenue | -9.9% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | -0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $46.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-11.6M | $-2.7B | ||
| Q3 25 | $21.7M | $-770.8M | ||
| Q2 25 | $14.8M | $-713.1M | ||
| Q1 25 | $37.0M | $-339.3M | ||
| Q4 24 | $1.6M | $-2.6B | ||
| Q3 24 | $14.1M | $-669.8M | ||
| Q2 24 | $12.5M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-15.6M | $-2.9B | ||
| Q3 25 | $17.5M | $-791.8M | ||
| Q2 25 | $11.1M | $-803.8M | ||
| Q1 25 | $33.1M | $-352.3M | ||
| Q4 24 | $-1.8M | $-2.7B | ||
| Q3 24 | $7.8M | $-682.3M | ||
| Q2 24 | $7.3M | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | -9.9% | -1076.0% | ||
| Q3 25 | 10.7% | -297.4% | ||
| Q2 25 | 6.8% | -323.5% | ||
| Q1 25 | 20.1% | -161.8% | ||
| Q4 24 | -1.1% | -1237.8% | ||
| Q3 24 | 5.1% | -338.0% | ||
| Q2 24 | 4.7% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 52.7% | ||
| Q3 25 | 2.6% | 7.9% | ||
| Q2 25 | 2.3% | 36.5% | ||
| Q1 25 | 2.4% | 6.0% | ||
| Q4 24 | 2.0% | 25.0% | ||
| Q3 24 | 4.1% | 6.2% | ||
| Q2 24 | 3.4% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.92× | — | ||
| Q3 25 | 3.90× | -17.41× | ||
| Q2 25 | 3.29× | -18.68× | ||
| Q1 25 | 4.16× | -29.07× | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 6.22× | -46.33× | ||
| Q2 24 | 33.57× | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APEI
| American Public Education Inc Segment | $71.0M | 45% |
| Rasmussen University Segment | $66.6M | 42% |
| Hondros College Of Nursing Segment | $20.7M | 13% |
LC
Segment breakdown not available.
