Every 8-K that American Public Education, Inc. (APEI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow APEI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full APEI filings page.
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. completed the previously announced combination of American Public University System, Rasmussen University, and Hondros College of Nursing into a single consolidated institution named American Public University System. This restructuring brings the programs, campuses, and operations of the formerly separate institutions under one unified system.
In connection with the combination, the Higher Learning Commission approved the continuation of accreditation for the consolidated American Public University System, covering all included programs and locations. Angela K. Selden, the Company’s President and Chief Executive Officer, has been appointed Chancellor of the consolidated system.
American Public Education, Inc. reported final voting results from its 2026 Annual Meeting of Stockholders held on May 22, 2026. Stockholders representing 16,460,441 of 18,411,154 shares outstanding as of March 26, 2026 were present in person or by proxy, constituting a quorum.
All director nominees were elected, with votes for each ranging from 14,355,995 to 14,584,849 and broker non-votes of 1,822,772 for each nominee. Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers, with 13,019,893 votes for and 188,783 against. They also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 16,381,313 votes for and 56,296 against.
American Public Education, Inc. reported significantly stronger results for the first quarter of 2026 and raised its full-year outlook. Revenue for the quarter was about $174.7 million, up from $164.6 million a year earlier, while net income rose to $17.7 million from $8.9 million. Diluted earnings per share increased to $0.94 from $0.41, and adjusted EBITDA improved to $29.2 million from $21.2 million, lifting the adjusted EBITDA margin to 17% from 13%.
The Military+ segment generated $89.4 million of revenue with a 36% EBITDA margin, and Health+ delivered $85.4 million of revenue with a 4% EBITDA margin. Net course registrations in Military+ grew to 106,600 and Health+ enrollment rose to 19,400. Cash, cash equivalents and restricted cash increased to $221.0 million, with total debt of roughly $88.3 million including current and long-term portions.
For the second quarter of 2026, the company guides to revenue of $170.0–$172.0 million, net income of $6.5–$7.5 million and adjusted EBITDA of $16.5–$18.0 million, all above prior-year levels, with diluted EPS of $0.34–$0.39 versus a prior-year loss. For full-year 2026, it now expects revenue of $686.0–$696.0 million, net income of $44.9–$51.6 million, adjusted EBITDA of $93.0–$102.0 million and diluted EPS of $2.33–$2.68, all higher than 2025. The company also highlighted Higher Learning Commission approval on April 28, 2026, to consolidate APUS, Rasmussen and Hondros into one accredited institution, with completion targeted at the start of the third quarter.
American Public Education, Inc. reported stronger profitability for 2025 while issuing upbeat 2026 guidance. Full-year 2025 revenue was $648.9M, up from $624.6M, and net income available to common stockholders rose to $25.3M from $10.1M, with diluted EPS increasing to $1.36 from $0.55.
Adjusted EBITDA improved to $85.7M, up from $72.3M, helped by preferred equity redemption, asset sales, and cost actions. For 2026, the company guides revenue to $685.0M–$695.0M and diluted EPS to $2.15–$2.47, implying further earnings growth alongside planned capital expenditures of $28.0M–$32.0M.
American Public Education, Inc. filed an amended current report to replace a prior earnings press release with a corrected version. The new press release, dated November 10, 2025, updates the Company’s full year 2025 net income guidance, while all other aspects of the original 8-K remain unchanged.
American Public Education, Inc. (APEI) reported that it issued a press release covering financial results for the three and nine months ended September 30, 2025. The company also scheduled a webcast for 5:00 p.m. ET on November 10, 2025 to discuss these results.
American Public Education (APEI) updated third-quarter performance and outlined the impact of the federal government shutdown. Management expects third quarter 2025 consolidated revenue to exceed the top end of its guidance, and APUS net course registrations to exceed the top end of its guidance. These figures are preliminary, unaudited, and subject to completion of quarterly closing procedures, with final results expected in November.
Shutdown impact: APUS estimates approximately 12,700 course registrations were dropped for non-payment on October 11, 2025 for students intending to use Department of Defense tuition assistance, while about 1,700 TA-authorized in the prior fiscal year were not dropped. APUS estimates October 2025 revenue will be lower by about $9.6 million, and net course registrations declined by roughly 35% versus October 2024. The company is evaluating mitigation steps and cannot determine the full impact on fourth quarter and full-year 2025.
American Public Education, Inc. (NASDAQ: APEI) has eliminated its Series A Senior Preferred Stock. On 23 June 2025 the company filed a Certificate of Elimination with the Delaware Secretary of State, removing all provisions related to the preferred shares from its Fifth Amended and Restated Certificate of Incorporation. The elimination follows the full redemption of the outstanding preferred shares on the same date.
Redemption terms: the company repurchased all 400 preferred shares at $111,137.88 per share, a figure that includes $3,415.91 of accrued and unpaid dividends per share. Total cash consideration amounted to $44,455,152, of which $1,366,364 represented accumulated dividends.
The transaction removes the preferred class from APEI’s capital structure and extinguishes any future dividend obligations associated with the series. Exhibit 3.1 to the Form 8-K contains the filed Certificate of Elimination, and Exhibit 104 provides the inline XBRL cover-page data.