What is APNEP's earnings per share (EPS)?

APNEP (APNEP) reported diluted earnings per share of $-0.22 for fiscal year 2025. This represents a -257.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

APNEP Financials

APNEP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows APNEP (APNEP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

APNEP has an operating margin of 21.7%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 26.8% the prior year.

Growth

APNEP's revenue surged 15.9% year-over-year to $60.5M, reflecting rapid business expansion. This strong growth earns a score of 60/100.

Leverage

APNEP carries a low D/E ratio of 1.35, meaning only $1.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While APNEP generated $25.8M in operating cash flow, capex of $244.5M consumed most of it, leaving -$218.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

APNEP generates a -0.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 0.8% the prior year.

Piotroski F-Score Weak

3/9

APNEP passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-9.69x

For every $1 of reported earnings, APNEP generates $-9.69 in operating cash flow ($25.8M OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.8x

APNEP earns $0.8 in operating income for every $1 of interest expense ($13.1M vs $16.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$60.5M

YoY+15.9%

5Y CAGR+25.8%

APNEP generated $60.5M in revenue in fiscal year 2025. This represents an increase of 15.9% from the prior year.

EBITDA

$40.5M

YoY+2.3%

5Y CAGR+26.4%

APNEP's EBITDA was $40.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.3% from the prior year.

Net Income

-$2.7M

YoY-228.6%

APNEP reported -$2.7M in net income in fiscal year 2025. This represents a decrease of 228.6% from the prior year.

EPS (Diluted)

$-0.22

YoY-257.1%

APNEP earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 257.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$218.7M

YoY-100.7%

APNEP generated -$218.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.7% from the prior year.

Cash & Debt

$4.6M

YoY+190.8%

5Y CAGR+19.4%

APNEP held $4.6M in cash against $377.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.14

YoY+3.6%

5Y CAGR+6.8%

APNEP paid $1.14 per share in dividends in fiscal year 2025. This represents an increase of 3.6% from the prior year.

Shares Outstanding

15M

YoY+2.7%

5Y CAGR+15.1%

APNEP had 15M shares outstanding in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Margins & Returns

Gross Margin

86.0%

YoY+1.8pp

APNEP's gross margin was 86.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin

21.7%

YoY-5.1pp

5Y CAGR+8.1pp

APNEP's operating margin was 21.7% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.

Net Margin

-4.4%

YoY-8.3pp

5Y CAGR-9.5pp

APNEP's net profit margin was -4.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.3 percentage points from the prior year.

Return on Equity

-0.9%

YoY-1.8pp

5Y CAGR-1.7pp

APNEP's ROE was -0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$8.8M

YoY+1035.2%

5Y CAGR+11.9%

APNEP spent $8.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1035.2% from the prior year.

Capital Expenditures

$244.5M

YoY+84.7%

APNEP invested $244.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 84.7% from the prior year.

APNEP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$60.5M+15.9%	$52.2M+14.4%	$45.6M+1.0%	$45.2M+50.0%	$30.1M+56.5%	$19.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$52.1M+18.4%	$44.0M+12.7%	$39.0M-1.8%	$39.8M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.7M+2.0%	$6.6M+4.3%	$6.3M+8.9%	$5.8M+15.1%	$5.0M+7.9%	$4.7M
Operating Income	$13.1M-6.3%	$14.0M+6.6%	$13.1M-69.8%	$43.5M+186.8%	$15.2M+480.9%	$2.6M
Interest Expense	$16.3M+35.5%	$12.0M+18.1%	$10.2M+6.6%	$9.5M+157.7%	$3.7M+152.9%	$1.5M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.7M-228.6%	$2.1M-29.2%	$2.9M-90.2%	$29.7M+198.3%	$10.0M+911.6%	$985K
EPS (Diluted)	$-0.22-257.1%	$0.14-26.3%	$0.19-91.2%	$2.17+143.8%	$0.89+709.1%	$0.11

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$16.9M+16.0%	$14.6M-2.0%	$14.9M+4.6%	$14.2M+3.0%	$13.8M+2.3%	$13.5M+7.9%	$12.5M+0.2%	$12.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.6M-5.5%	$1.7M-0.1%	$1.7M-1.1%	$1.7M+8.1%	$1.6M-13.8%	$1.8M+15.0%	$1.6M+3.9%	$1.5M
Operating Income	$6.0M+146.3%	$2.4M-2.9%	$2.5M+9.8%	$2.3M+14.9%	$2.0M-69.4%	$6.5M+115.5%	$3.0M+16.0%	$2.6M
Interest Expense	$4.4M+13.6%	$3.9M-9.5%	$4.3M+20.3%	$3.6M+16.8%	$3.1M-2.9%	$3.2M+11.9%	$2.8M-3.5%	$2.9M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$1.5M+212.4%	-$1.3M+20.2%	-$1.6M-39.2%	-$1.2M-23.1%	-$958K-131.1%	$3.1M+1409.8%	$204K+178.5%	-$260K
EPS (Diluted)	N/A	$-0.09+25.0%	$-0.12-50.0%	$-0.08	N/A	$0.21+2000.0%	$0.01+150.0%	$-0.02

APNEP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$715.9M+18.3%	$605.0M+7.2%	$564.6M-1.5%	$573.4M+13.4%	$505.5M+92.8%	$262.2M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.6M+190.8%	$1.6M-60.7%	$4.0M-55.4%	$9.0M+1.9%	$8.9M+367.3%	$1.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$414.6M+26.2%	$328.5M+13.7%	$288.9M+3.9%	$278.1M+0.2%	$277.6M+145.4%	$113.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$377.7M+25.3%	$301.5M+9.4%	$275.7M+3.2%	$267.1M-0.2%	$267.7M+150.7%	$106.8M
Total Equity	$279.9M+10.6%	$253.0M+0.9%	$250.7M-4.2%	$261.6M+33.1%	$196.5M+55.0%	$126.8M
Retained Earnings	-$35.3M-124.4%	-$15.7M-566.5%	-$2.4M-123.5%	$10.0M+256.4%	-$6.4M-12.4%	-$5.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$715.9M+15.2%	$621.4M-1.1%	$628.4M-2.9%	$647.4M+7.0%	$605.0M+4.5%	$579.0M+2.3%	$565.8M+1.2%	$559.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.6M+287.9%	$1.2M-76.3%	$5.0M-18.5%	$6.1M+289.0%	$1.6M-38.4%	$2.6M-21.5%	$3.3M-36.6%	$5.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$414.6M+10.2%	$376.2M0.0%	$376.4M-1.9%	$383.6M+16.8%	$328.5M+7.0%	$307.0M+3.2%	$297.4M+3.9%	$286.2M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$377.7M+5.5%	$358.2M+1.6%	$352.6M-1.1%	$356.5M+18.3%	$301.5M+8.1%	$278.9M+3.9%	$268.3M-1.4%	$272.3M
Total Equity	$279.9M+25.2%	$223.5M-2.7%	$229.8M-4.6%	$240.9M-4.8%	$253.0M+1.9%	$248.2M+1.7%	$244.0M-1.7%	$248.2M
Retained Earnings	-$35.3M-10.0%	-$32.1M-20.0%	-$26.7M-27.0%	-$21.0M-33.9%	-$15.7M-47.6%	-$10.7M-7.5%	-$9.9M-55.7%	-$6.4M

APNEP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$25.8M+9.9%	$23.4M+1.1%	$23.2M-6.0%	$24.7M+43.3%	$17.2M+83.1%	$9.4M
Capital Expenditures	$244.5M+84.7%	$132.4M+10.4%	$119.9M-36.6%	$189.1M-15.3%	$223.4M	N/A
Free Cash Flow	-$218.7M-100.7%	-$109.0M-12.6%	-$96.7M+41.2%	-$164.5M+20.2%	-$206.2M	N/A
Investing Cash Flow	-$103.9M-86.6%	-$55.7M-401.3%	-$11.1M+71.4%	-$38.8M+80.2%	-$196.0M-72.1%	-$113.9M
Financing Cash Flow	$109.2M+312.6%	$26.5M+332.6%	-$11.4M-164.4%	$17.7M-90.5%	$186.4M+98.2%	$94.0M
Dividends Paid	$17.7M+5.7%	$16.8M-1.6%	$17.1M+12.9%	$15.1M+24.3%	$12.2M+68.9%	$7.2M
Share Buybacks	$8.8M+1035.2%	$775K-94.7%	$14.6M	N/A	N/A	$5.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.1M-76.0%	$8.7M+24.3%	$7.0M-11.1%	$7.9M+226.6%	$2.4M-61.1%	$6.2M-22.6%	$8.0M+18.8%	$6.8M
Capital Expenditures	$113.5M+97.5%	$57.5M+376.5%	$12.1M-80.3%	$61.4M+7.9%	$56.9M+15.4%	$49.3M+128.8%	$21.5M+354.6%	$4.7M
Free Cash Flow	-$111.4M-128.5%	-$48.8M-867.0%	-$5.0M+90.6%	-$53.5M+1.8%	-$54.4M-26.5%	-$43.0M-218.9%	-$13.5M-766.4%	$2.0M
Investing Cash Flow	-$44.6M-191.1%	-$15.3M-344.4%	$6.3M+112.5%	-$50.2M-4.2%	-$48.1M-2423.0%	-$1.9M-26.4%	-$1.5M+63.2%	-$4.1M
Financing Cash Flow	$74.9M+6617.5%	$1.1M+108.8%	-$12.7M-127.8%	$45.9M+79.1%	$25.6M+47.6%	$17.4M+314.1%	-$8.1M+3.6%	-$8.4M
Dividends Paid	$4.5M+2.1%	$4.4M+0.1%	$4.4M-2.5%	$4.5M+0.9%	$4.5M+6.9%	$4.2M+2.0%	$4.1M0.0%	$4.1M
Share Buybacks	$0	$0-100.0%	$4.3M-3.7%	$4.5M	$0	$0	$0-100.0%	$775K

APNEP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	86.0%+1.8pp	84.2%-1.3pp	85.5%-2.5pp	88.0%	N/A	N/A
Operating Margin	21.7%-5.1pp	26.8%-2.0pp	28.8%-67.4pp	96.2%+45.9pp	50.3%+36.8pp	13.6%
Net Margin	-4.4%-8.3pp	4.0%-2.4pp	6.4%-59.4pp	65.8%+32.7pp	33.1%+27.9pp	5.1%
Return on Equity	-0.9%-1.8pp	0.8%-0.3pp	1.2%-10.2pp	11.4%+6.3pp	5.1%+4.3pp	0.8%
Return on Assets	-0.4%-0.7pp	0.3%-0.2pp	0.5%-4.7pp	5.2%+3.2pp	2.0%+1.6pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.35+0.2	1.19+0.1	1.10+0.1	1.02-0.3	1.36+0.5	0.84
FCF Margin	-361.3%-152.7pp	-208.6%+3.3pp	-211.9%+152.1pp	-364.0%+320.5pp	-684.5%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	35.3%+18.7pp	16.6%-0.2pp	16.8%+0.8pp	16.0%+1.7pp	14.3%-33.6pp	47.9%+23.9pp	24.0%+3.3pp	20.7%
Net Margin	8.7%+17.7pp	-9.0%+2.0pp	-11.0%-2.7pp	-8.3%-1.3pp	-7.0%-29.8pp	22.9%+21.2pp	1.6%+3.7pp	-2.1%
Return on Equity	0.5%+1.1pp	-0.6%+0.1pp	-0.7%-0.2pp	-0.5%-0.1pp	-0.4%-1.6pp	1.2%+1.2pp	0.1%+0.2pp	-0.1%
Return on Assets	0.2%+0.4pp	-0.2%+0.1pp	-0.3%-0.1pp	-0.2%-0.0pp	-0.2%-0.7pp	0.5%+0.5pp	0.0%+0.1pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.35-0.3	1.60+0.1	1.53+0.1	1.48+0.3	1.19+0.1	1.12+0.0	1.100.0	1.10
FCF Margin	-659.4%-324.5pp	-334.9%-300.9pp	-33.9%+342.5pp	-376.4%+18.4pp	-394.8%-75.4pp	-319.3%-211.2pp	-108.0%-124.3pp	16.2%

Frequently Asked Questions

What is APNEP's annual revenue?

APNEP (APNEP) reported $60.5M in total revenue for fiscal year 2025. This represents a 15.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is APNEP's revenue growing?

APNEP (APNEP) revenue grew by 15.9% year-over-year, from $52.2M to $60.5M in fiscal year 2025.

Is APNEP profitable?

No, APNEP (APNEP) reported a net income of -$2.7M in fiscal year 2025, with a net profit margin of -4.4%.

What is APNEP's EBITDA?

APNEP (APNEP) had EBITDA of $40.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does APNEP have?

As of fiscal year 2025, APNEP (APNEP) had $4.6M in cash and equivalents against $377.7M in long-term debt.

What is APNEP's gross margin?

APNEP (APNEP) had a gross margin of 86.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is APNEP's operating margin?

APNEP (APNEP) had an operating margin of 21.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is APNEP's net profit margin?

APNEP (APNEP) had a net profit margin of -4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does APNEP pay dividends?

Yes, APNEP (APNEP) paid $1.14 per share in dividends during fiscal year 2025.

What is APNEP's return on equity (ROE)?

APNEP (APNEP) has a return on equity of -0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is APNEP's free cash flow?

APNEP (APNEP) generated -$218.7M in free cash flow during fiscal year 2025. This represents a -100.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is APNEP's operating cash flow?

APNEP (APNEP) generated $25.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are APNEP's total assets?

APNEP (APNEP) had $715.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are APNEP's capital expenditures?

APNEP (APNEP) invested $244.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does APNEP buy back shares?

Yes, APNEP (APNEP) spent $8.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does APNEP have outstanding?

APNEP (APNEP) had 15M shares outstanding as of fiscal year 2025.

What is APNEP's debt-to-equity ratio?

APNEP (APNEP) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is APNEP's return on assets (ROA)?

APNEP (APNEP) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is APNEP's Piotroski F-Score?

APNEP (APNEP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are APNEP's earnings high quality?

APNEP (APNEP) has an earnings quality ratio of -9.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can APNEP cover its interest payments?

APNEP (APNEP) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is APNEP?

APNEP (APNEP) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.