American Public Education, Inc. SEC filings document operating results, education-unit performance, capital-structure changes, governance matters and material-event disclosures for its postsecondary education business. Form 8-K reports cover quarterly and annual results, guidance updates, exhibits to earnings releases, and operational matters tied to enrollment, course registrations and government tuition-assistance exposure.
Proxy and governance filings address shareholder voting matters, board and executive compensation disclosures, and related corporate governance topics. Capital-structure filings include amendments to the company's charter and security-holder rights matters, including the elimination of the Series A Senior Preferred Stock designation following the preferred equity redemption.
American Public Education Inc. (APEI) director Daniel S. Pianko received an award of 1,106 shares on October 1, 2026, reported at $36.15 per share, bringing his reported direct holdings to 36,652 shares. Under the non-employee director compensation policy, he elected to receive common stock instead of cash retainers and deferred receipt until June 1, 2029, resulting in deferred stock units.
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation reported their position in American Public Education, Inc. common stock. They beneficially owned 910,620 shares, representing 4.96% of the outstanding common stock as of the report.
Both entities, organized in Delaware, reported sole voting power and sole dispositive power over all 910,620 shares, with no shared voting or dispositive power. The filing indicates ownership of 5 percent or less of the class, and notes that certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds from these securities.
AMERICAN PUBLIC EDUCATION INC President, APUS, Nuno S. Fernandes exercised 8,800 Employee Stock Options at an exercise price of $10.66 per share into common stock on 2026-08-12, then sold 8,800 common shares at $45.13 per share. Following the option exercise, he held 8,256 options that remain vested and exercisable.
American Public Education Inc. (APEI) reported that Chief Innovation & Technology Officer James Kenigsberg sold 1,313 shares of common stock on August 12, 2026, at $45.72 per share. Following this sale, he directly holds 44,729 shares. The transaction was executed under a Rule 10b5-1 trading plan adopted on May 13, 2026.
Nuno A. Fernandes filed a notice of proposed sales of American Public Education, Inc. common stock. The filing lists a planned sale of 8,800 shares held at Fidelity Brokerage Services LLC, with an aggregate market value of $405,325.97 as of 08/12/2026 on NASDAQ. It also reports that 4,500 shares of common stock were sold on 05/13/2026 for $240,030.00, indicating recent trading activity in the issuer’s shares.
American Public Education, Inc. reported stronger second quarter 2026 results, with revenue of $171.7 million and net income available to common stockholders of $9.8 million, or diluted EPS of $0.52, compared with a small loss a year earlier. Consolidated adjusted EBITDA rose to $20.7 million. Military+ generated $85.5 million of revenue and $24.8 million of EBITDA, while Health+ delivered $86.2 million of revenue and $2.7 million of EBITDA, reflecting improved profitability in both segments.
Subsequent to quarter end, the company completed the combination of American Public University System, Rasmussen University, and Hondros College of Nursing into a single Higher Learning Commission-accredited institution. Management raised full year 2026 guidance, now expecting revenue of $690.0–$698.0 million, net income available to common stockholders of $46.5–$52.5 million, adjusted EBITDA of $96.0–$104.0 million, and diluted EPS of $2.48–$2.79. For third quarter 2026, the outlook calls for modest revenue growth but lower adjusted EBITDA of $14.0–$17.0 million versus $20.7 million in the prior-year quarter.
American Public Education, Inc. reported higher results for the quarter ended June 30, 2026. Revenue was $171.7 million, up 5.5% from a year earlier, driven by increased enrollment in the Health+ segment and higher net course registrations in the Military+ segment, partly offset by the prior-year contribution from a sold business.
Net income was $9.8 million versus $4.5 million, and operating margin improved to 7.9% from 4.3%, as revenue growth outpaced expense increases. For the first six months of 2026, revenue rose to $346.5 million and net income to $27.5 million, with operating margin widening to 10.2%.
The Military+ segment grew revenue 4.7% in the quarter with a 27.7% operating margin, while Health+ revenue rose 11.0% and moved from a loss to a modest profit. The company refinanced its term debt with a new $90.0 million credit facility and generated $75.4 million in operating cash flow, ending with $146.5 million in cash, cash equivalents, and restricted cash and $76.3 million in new short-term investments.
FMR LLC, an investment manager based in Boston, reports beneficial ownership of 1,183,608.92 shares of AMERICAN PUBLIC EDUCATION INC common stock, representing 6.5% of the class as of June 30, 2026. These shares are held with sole dispositive power and no shared dispositive or voting power.
FMR LLC indicates that 1,183,289 of these shares carry sole voting power, with no shared voting authority. Abigail P. Johnson is also identified as a reporting person with sole dispositive power over the same 1,183,608.92 shares, but no voting power. One or more other persons may receive dividends or sale proceeds from these shares, though no such person holds more than 5% of the outstanding common stock.
American Public Education, Inc. reported executive equity activity by Chief Innovation & Technology Officer James Kenigsberg. He received 7,573 restricted stock units under the 2017 Omnibus Incentive Plan, vesting in three equal annual installments starting one year after grant, and 2,133 shares of common stock were withheld at $53.42 per share to cover tax obligations from RSU vesting.