{"filings":[{"id":667358,"accession_number":"0001104659-26-066248","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2026-05-26T20:02:02+00:00","items":["5.07"],"status":"ready","headline":"APEI shareholders elect six directors, approve say-on-pay, and ratify auditor at 2026 meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Elected Granetta B. Blevins, Michael D. Braner, Anna M. Fabrega, Daniel S. Pianko, Angela K. Selden, Richard J. Statuto to board with over 14 million votes each.","Advisory vote on executive compensation passed with 13,019,893 votes for, 188,783 against, and 1,428,993 abstentions.","Ratified appointment of Deloitte & Touche LLP as independent auditor for fiscal 2026 with 16,381,313 votes for.","16,460,441 shares represented at annual meeting, constituting a quorum."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":12767,"accession_number":"0001104659-26-058617","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2026-05-11T20:01:56+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q1 revenue up 6.2% to $174.7M, net income +137.6%; raises FY2026 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $17.7M ($0.94 diluted EPS) vs $7.5M ($0.41) a year ago; adjusted EBITDA $29.2M (+37.5%).","Military+ segment revenue +6.5% to $89.4M on 4% higher registrations; Health+ revenue +11.0% to $85.4M.","Received HLC approval to consolidate APUS, Rasmussen, Hondros into single institution; on track for Q3 2026.","Raised FY2026 guidance: revenue $686-696M, adj. EBITDA $93-102M, diluted EPS $2.33-$2.68.","Debt refinancing cut rate by 375 bps, saving ~$3.7M annual interest; $50M share repurchase authorized."],"consensus_eps_estimate":0.6797,"consensus_eps_actual":0.94,"consensus_revenue_estimate":null,"consensus_revenue_actual":174738000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101986,"accession_number":"0001104659-26-027043","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q4 net income +9.6%, FY revenue +3.9%; guides FY2026 rev $685-695M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 revenue $158.3M (-3.5% YoY); full-year revenue $648.9M (+3.9% YoY).","Q4 net income available to common stockholders $12.6M ($0.67 diluted EPS), up 6.3% YoY.","Full-year adjusted EBITDA $85.7M (+18.6% YoY); operating cash flow $62.0M (+26.8%).","Completed debt refinancing on March 9, 2026, reducing borrowing rate by 375 bps; expects ~$3.7M annual interest savings.","Board authorized $50M share repurchase program on March 10, 2026; Q1 2026 guidance calls for rev $173-175M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118328,"accession_number":"0001104659-25-109894","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K/A","filed_at":"2025-11-12T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"American Public Education Reports Q3 2025 Results Exceeding Guidance, Corrects FY2025 Net Income Guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Consolidated Q3 revenue rose 7% YoY to $163.2M; net income surged to $5.6M from $0.7M in Q3 2024.","Adjusted EBITDA increased 60% to $20.7M; cash from operations rose 56% to $73.5M.","Enrollment grew 8.1% at APUS, 10.4% at Rasmussen University, and 17.6% at Hondros College of Nursing.","Edward H. Codispoti joined as EVP and CFO effective October 20, 2025; GSUSA was sold in July 2025.","Corrected full year 2025 net income guidance was updated; company has $193.1M cash and no net debt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118331,"accession_number":"0001104659-25-109265","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q3 revenue $163.2M (+7% YoY), EPS $0.30, beat guidance; CFO appointed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $163.2M (+7% YoY); net income $5.6M ($0.30 diluted EPS) vs $0.7M ($0.04) in Q3 2024.","Adjusted EBITDA $20.7M, up 60% YoY; all Q3 metrics exceeded top end of guidance.","Enrollment growth: APUS net course registrations +8.1%, Rasmussen +10.4%, HCN +17.6%.","Cash and equivalents $193.1M, no net debt; operating cash flow $73.5M, +56% YoY.","Edward H. Codispoti joined as EVP and CFO effective Oct 20, 2025."],"consensus_eps_estimate":-0.0944,"consensus_eps_actual":0.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":490532000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118330,"accession_number":"0001104659-25-100637","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"APEI appoints Edward H. Codispoti as CFO effective Oct 20, 2025; Sunderland transitions to advisory","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Edward H. Codispoti appointed EVP and CFO of American Public Education, Inc. effective October 20, 2025.","Codispoti previously served as CFO of NV5 Global from June 2019 to October 2025, leading over 45 M&A transactions.","Compensation includes $530,000 base salary, $70,000 signing bonus (subject to clawback), and $300,000 initial RSU grant.","Outgoing CFO Rick Sunderland will remain a non-executive employee for 90 days to assist transition, then retire.","Codispoti brings over 25 years of financial leadership in technology, engineering, higher education, and financial services."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118329,"accession_number":"0001104659-25-099257","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-10-14T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"APEI expects Q3 revenue to exceed guidance; govt shutdown to cut Oct revenue by $9.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2025 consolidated revenue expected to exceed top-end of previously disclosed guidance (Aug 6).","APUS net course registrations for Q3 also expected to exceed top-end of guidance.","Due to federal shutdown, ~12,700 APUS course registrations dropped on Oct 11 for non-payment of TA funds.","October 2025 revenue estimated $9.6M lower than otherwise; net course registrations down ~35% YoY in Oct.","Company evaluating mitigation; full Q4/full-year impact not yet determinable."],"consensus_eps_estimate":-0.0944,"consensus_eps_actual":0.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":490532000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134769,"accession_number":"0001104659-25-074696","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q2 beats: revenue $162.8M (+6.5%), Adj. EBITDA $15.1M (+38%); sells GSUSA","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $162.8M, +6.5% YoY; exceeded guidance.","Net loss available to common -$0.3M (vs -$1.2M YoY); includes $3.5M loss on preferred redemption.","Adjusted EBITDA $15.1M, +38.2% YoY; FY2025 EBITDA guidance raised to $81-88M.","Completed sale of Graduate School USA on July 25; redeemed all Series A preferred stock; sold two admin buildings.","DOE released Rasmussen University from growth restrictions; released $24.5M letter of credit."],"consensus_eps_estimate":-0.0784,"consensus_eps_actual":0.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":327317000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151691,"accession_number":"0001104659-25-061741","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-06-23T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"American Public Education redeems all Series A Preferred shares for $44.5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Redeemed all 400 outstanding shares of Series A Senior Preferred Stock on June 23, 2025.","Redemption price of $111,137.88 per share, including $3,415.91 accrued dividends per share.","Aggregate cash consideration of $44,455,152, inclusive of $1,366,364 in accrued and unpaid dividends.","Filed Certificate of Elimination to remove Preferred Stock designation from charter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151690,"accession_number":"0001104659-25-059144","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-06-13T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"APEI to redeem all 400 Series A Preferred shares for ~$44.5M on June 23, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Redemption price of ~$111,137.88 per share includes ~$3,415.91 in accrued dividends.","Total cash consideration ~$44,455,152, covering 400 outstanding shares.","Redemption effective June 23, 2025; notice issued to holders on June 13, 2025.","Preferred stock had $0.01 par value; Certificate of Designation filed Dec 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151689,"accession_number":"0001104659-25-056668","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"APEI issues June 2025 investor presentation; details not disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Supplemental presentation issued on June 5, 2025 for use in investor meetings.","No new financial results, guidance, or material events included in the filing.","Presentation content was not fully provided in the filing exhibit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151688,"accession_number":"0001104659-25-052957","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-05-27T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"APEI shareholders approve 1.2M share increase in equity incentive plan at 2025 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All seven director nominees elected; votes for ranged from 13.55M to 13.84M shares.","Plan amendment passed (12.96M for, 0.90M against); adds 1,200,000 shares and removes fungible ratio for full-value awards.","Non-binding advisory vote on executive compensation approved (12.94M for, 0.72M against).","Ratification of Deloitte & Touche as FY2025 independent auditor approved (15.21M for, 0.11M against)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151687,"accession_number":"0001104659-25-047287","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-05-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q1 net income $7.5M ($0.41 diluted) vs prior-year loss; raises FY EBITDA guide","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $164.6M (+6.6% YoY); net income to common $7.5M ($0.41 diluted) vs ($1.0M) loss in Q1 2024.","Adjusted EBITDA $21.2M, up from $17.1M in prior year quarter.","Segment enrollment growth: APUS +3.5%, Rasmussen +7.4%, Hondros +9.6% all YoY.","Raised FY2025 guidance: net income $23-30M, Adj. EBITDA $77-87M; revenue unchanged $650-660M.","Total cash $187.5M at March 31, 2025, up 18% from year-end 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":164551000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170538,"accession_number":"0001104659-25-021356","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q4 revenue up 7.4%, Adjusted EBITDA beats guidance; FY2025 outlook provided","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $164.1M, up 7.4% YoY; net income $11.5M ($0.63 diluted EPS), flat YoY.","Adjusted EBITDA $31.4M, up from $25.7M in Q4 2023, above guidance top end.","FY 2025 guidance: revenue $650-660M, Adjusted EBITDA $75-85M.","APUS net course registrations +7.1%, Rasmussen enrollment +3.5%, HCN +19.3% YoY.","CEO outlines plans to simplify military/healthcare divisions, close underperforming campuses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170537,"accession_number":"0001104659-25-006557","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2025-01-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"APEI plans to combine APUS, Rasmussen, Hondros into one institution; expects Q3 2025 close","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Plan to consolidate APUS, Rasmussen University, Hondros College of Nursing into a single institution named American Public University System.","Combined institution to operate two divisions: APUS Global and Rasmussen; expected close in Q3 2025.","HLC application submitted for June 2025 meeting; state approvals including nursing boards required.","Company does not expect ED change-in-control trigger due to common ownership; Title IV expansion needed.","Preliminary 90/10 compliance: each institution estimates compliance for CY2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187532,"accession_number":"0001104659-24-116757","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI swings to net income in Q3 2024; revenue up 1.5% to $153.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated revenue $153.1M (+1.5% YoY); net income $731k vs net loss ($4.9M) in Q3 2023.","Diluted EPS $0.04 vs ($0.27) a year ago; Adjusted EBITDA $12.9M vs $18.1M.","Rasmussen Q4 enrollments up 3.5% YoY, first positive since acquisition; Hondros enrollments up 10.4%.","Full year FY 2024 guidance narrowed: revenue $620-625M, Adjusted EBITDA $64-67M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":460449000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":204016,"accession_number":"0001104659-24-086254","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q2 revenue +3.9% to $152.9M; adjusted EBITDA +24%; reaffirms FY24 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $152.9M (+3.9% YoY); net loss $1.2M ($0.06 loss per share) vs $52.7M loss in Q2 2023.","Adjusted EBITDA $10.9M, up 24% YoY from $8.8M.","APUS net registrations +1.7% to 89,800; Hondros enrollments +9.4% to 3,300; Rasmussen -2.2% to 13,600.","Rasmussen Q3 total enrollments slightly above prior year; first YoY increase since acquisition.","Full-year 2024 guidance: revenue $620-630M, net income $6-13M, adjusted EBITDA $60-70M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":307327000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220712,"accession_number":"0001104659-24-072061","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"APEI CFO Richard W. Sunderland Jr. to depart; search for successor underway","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Richard W. Sunderland Jr. will transition out; successor search started.","He will remain employed up to 90 days after successor starts or mutually agreed date.","On separation (not for cause/without good reason), he gets severance per employment agreement and full vesting of equity awards via 'Qualified Retirement'.","Transition agreement signed June 13, 2024; includes non-disparagement and cooperation through 6 months post-separation.","Sunderland's duties may be modified during transition; resignation from other positions may be required."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220711,"accession_number":"0001104659-24-063388","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"APEI shareholders reelect all 8 directors, approve executive compensation, ratify Deloitte as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All eight director nominees elected; Eric Andersen received 11,666,246 votes for, 657,851 against.","Advisory say-on-pay resolution passed with 11,339,447 votes for (92.4% of votes cast).","Ratification of Deloitte & Touche as independent auditor for FY2024 approved with 14,869,311 votes for, 46,498 against.","Total shares outstanding: 17,558,137; quorum of 14,965,707 shares represented at meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220710,"accession_number":"0001104659-24-058069","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q1 revenue up 3.2% to $154.4M; Adj. EBITDA up 143% to $17.1M; raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated revenue $154.4M (+3.2% YoY); net loss improved to ($1.0M) from ($7.2M) in Q1 2023.","Adjusted EBITDA $17.1M vs $7.0M (+143%); diluted loss per share ($0.06) vs ($0.38).","APUS revenue +9%, HCN +25.2%, RU -7.5%. Enrollment: APUS +2.8%, HCN +22%, RU -5.6%.","Cash and equivalents $153.2M at March 31, 2024, up from $144.3M at Dec 31, 2023.","Company increases full-year 2024 revenue and Adjusted EBITDA guidance citing strong Q1 momentum."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":154432000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240327,"accession_number":"0001104659-24-030996","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2024-03-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI swings to Q4 profit of $11.5M from loss; revenue $152.8M flat YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2023 net income $11.5M vs net loss $6.6M in Q4 2022; diluted EPS $0.64 vs ($0.35).","Adjusted EBITDA $25.7M, up 66.8% YoY; costs decreased 10.4% to $136.9M.","APUS net course registrations +4%, HCN enrollment +19%, Rasmussen -10%.","Total cash and restricted cash $144.3M at Dec 31, 2023, up 11.5% YoY.","Full year 2023 net income $2.8M vs net loss $17.7M; diluted EPS $0.15 vs ($0.95)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257826,"accession_number":"0001104659-23-121469","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-11-28T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"APEI board authorizes $10M share repurchase program, adds to $8M already bought back in 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $10M in share repurchases, complementing ~$8M repurchased earlier this year.","Repurchases subject to market conditions; may be executed in open market or privately negotiated.","Company not obligated to repurchase any shares; program may be suspended anytime."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257825,"accession_number":"0001104659-23-115232","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q3 net loss narrows to $3.3M; adjusted EBITDA up 91% to $18.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated revenue $150.8M (+0.9% YoY); net loss $3.3M vs $3.8M loss prior year.","Adjusted EBITDA $18.1M (+91.4% YoY) on cost controls; selling expenses down 18.6%.","APUS net course registrations +8% YoY; Hondros enrollment +17%; Rasmussen enrollment -10%.","Cash and cash equivalents $155.2M, up 19.9% from Dec 2022; $5.2M non-cash write-off on equity investment."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.54,"consensus_revenue_estimate":null,"consensus_revenue_actual":447741000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":275181,"accession_number":"0001104659-23-088815","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-08-08T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"APEI Q2 net loss $51.2M, revenue -1.6% to $147.2M; two directors won't seek re-election","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $51.2M ($2.93/share); adjusted loss $0.25/share; includes $64M non-cash Rasmussen goodwill impairment.","Revenue $147.2M -1.6% YoY; APUS +5.2%, HCN +24.2%, Rasmussen -18.7%.","Adjusted EBITDA $8.8M -39.6%; cash $139.4M; Army received $42M in H1 2023, including $20.9M prior-period catch-up.","Directors Halle and Kurshan will not stand for re-election at 2024 annual meeting; board to reduce size, no disagreement cited."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":296903000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":275180,"accession_number":"0001104659-23-079648","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-07-10T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Jeff Tognola steps down as EVP & Chief Experience Officer at American Public Education effective July 21, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jeff Tognola to leave role as EVP, Chief Experience Officer on July 21, 2023.","Severance provided under the Executive Severance Plan as a without-cause termination.","No successor or replacement named in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292606,"accession_number":"0001104659-23-063173","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-05-22T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"APEI shareholders approve 1.2M share increase in 2017 incentive plan and 500K ESPP increase","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders approved adding 1.2M shares to the 2017 Omnibus Incentive Plan (now 5.425M total).","ESPP share pool increased by 500K, bringing aggregate to 800,000 shares available.","All ten director nominees elected; advisory say-on-pay vote passed with 87% support.","Ratification of Deloitte & Touche as independent auditor for FY2023 approved.","Advisory vote on frequency of executive compensation set to every year until next required vote."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292605,"accession_number":"0001104659-23-057728","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q1 net loss $7.2M vs prior-year net income; revenue down 3.3% to $149.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss available to common stockholders of $7.2M ($0.38 per diluted share) vs net income of $5.3M ($0.28) a year ago.","Consolidated revenue fell 3.3% YoY to $149.7M, driven by 14.4% drop in Rasmussen segment revenue.","Adjusted EBITDA declined 59.7% to $7.0M, reflecting higher costs and transition fees from terminating Collegis contract.","APUS net course registrations up 2% YoY; Hondros total enrollment up 10%; Rasmussen enrollment down 12%.","Appointed Paula Singer as President of Rasmussen University to lead enrollment turnaround."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":149689000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292604,"accession_number":"0001104659-23-044378","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-04-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI corrects Q1 revenue guidance down ~$7M to $148.1-150.1M; EBITDA seen above prior high end","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Revenue guidance cut to $148.1M-$150.1M from $155.1M-$157.1M due to clerical error.","Adjusted EBITDA expected to exceed prior guidance range of $2.4M-$4.1M.","Q1 2023 results to be released May 9, 2023 after market close; conference call at 5pm ET.","Preliminary outlook remains subject to completion of quarter-end closing procedures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313264,"accession_number":"0001104659-23-034261","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-03-20T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"APEI appoints Michael Braner (325 Capital) to board, enters cooperation agreement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael D. Braner, Managing Partner of 325 Capital, appointed to APEI Board effective March 28, 2023.","325 Capital owns approx. 4.9% of APEI common stock; cooperation agreement includes standstill and non-disparagement.","Braner to receive standard director compensation: $80k annual retainer plus $100k restricted stock grant.","Cooperation agreement governs board nomination at 2023 annual meeting and provides replacement director rights.","Agreement ends before 2024 annual meeting; Braner will be nominated for election at 2023 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313263,"accession_number":"0001104659-23-033554","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-03-17T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"American Public Education Board authorizes additional $8M share repurchase","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $8.0 million in additional share repurchases under existing program.","Repurchases may be made in open market or privately negotiated transactions.","Authorization does not obligate the company; repurchases may be suspended at any time.","Company intends to pursue opportunities to use the program subject to market conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313262,"accession_number":"0001104659-23-032282","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2023-03-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q4 net loss of $6.6M vs income $9.4M; revenue down 1%, EPS -$0.35","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue fell 1.0% to $152.4M; net loss $6.6M compared to net income of $9.4M a year ago.","Adjusted EBITDA dropped 48% to $15.4M; EPS loss $0.35 vs income $0.50 in Q4 2021.","Rasmussen University enrollment decreased 9% to 15,600; HCN enrollment up 4% to 2,600.","Issued $40M preferred stock, used with cash to prepay $65M of long-term debt in December.","Cash and equivalents fell $20M to $102.6M; $26M due from Army ( $16.5M over 60 days )."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":331792,"accession_number":"0001104659-22-130547","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-12-28T23:59:59+00:00","items":["1.01","3.02","3.03","5.03","9.01"],"status":"ready","headline":"APEI sells $40M Series A Senior Preferred Stock to repay debt, reduce term loans to $100M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Sold 400 shares of Series A Senior Preferred at $100,000 each to affiliates of Redwood Capital Management and MSD Partners.","Dividend rate: Term SOFR + 10%, increasing by 2% at 30 months and 0.5% quarterly thereafter; capped at SOFR + 25%.","Use of proceeds: $30M plus cash to repay ~$65M of term loans, reducing outstanding to ≤$100M; remaining $10M for general corporate purposes.","Preferred stock is perpetual, non-convertible, ranks senior to common, and has no voting rights except as required by law.","Unregistered sale relies on Section 4(a)(2) exemption; issuance includes a Certificate of Designation with default provisions including 6% dividend rate increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":331791,"accession_number":"0001104659-22-129894","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-12-23T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"American Public Education adopts amended bylaws effective December 22, 2022","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved Fifth Amended and Restated Bylaws effective December 22, 2022.","Amendments address Universal Proxy Rules and limit stockholder nominees to number of directors.","Refines advance notice provisions, requiring additional information and updates from nominating stockholders.","Adds exclusive forum provisions: Delaware Chancery Court for corporate law; federal courts for Securities Act claims.","Includes technical, ministerial, and clarifying changes conforming to Delaware General Corporation Law amendments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":331790,"accession_number":"0001104659-22-127327","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-12-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Vincent Stewart resigns from American Public Education board effective Dec 31, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["LtGen (Ret.) 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net loss widens to $3.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $3.8M ($0.20 diluted EPS) vs net loss of $0.3M in prior year.","Adjusted EBITDA $9.5M, slightly up from $9.3M a year ago.","Revenue increase driven by Rasmussen and GSUSA acquisitions; APUS registrations up 3%.","ArmyIgnitED 2.0 transition causing $13.8M in AR over 60 days; collection risks noted.","Cash and equivalents $185.5M, up 24% from Dec 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":453890000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349271,"accession_number":"0001104659-22-102358","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-09-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"APEI initiates 2022 guidance with revenue $600M-$610M and adjusted EBITDA $53M-$59M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Consolidated 2022 revenue expected between $600M and $610M.","Consolidated 2022 adjusted EBITDA guidance of $53M to $59M.","Pro forma 2022 adjusted EBITDA forecast at $70M to $76M.","Supplemental financial presentation furnished as Exhibit 99.2.","Guidance issued on September 22, 2022, via press release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349270,"accession_number":"0001104659-22-087882","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q2 net loss $110M on $144.9M impairment; 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company processes ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366167,"accession_number":"0001104659-22-071870","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-06-16T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"APEI appoints Anna Fabrega, James Kenigsberg to board; names Tanya Axenson CHRO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anna Fabrega (CEO of Freshly) and James Kenigsberg (co-founder/CTO of 2U) join APEI board.","Tanya Axenson appointed CHRO; previously SVP HR at Erickson Senior Living.","Both Fabrega and Kenigsberg bring technology, marketing, and operations expertise.","Appointments effective immediately as of June 16, 2022 press release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366166,"accession_number":"0001104659-22-068797","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-06-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"APEI presents at William Blair conference; no new financial data disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["CEO Angela Selden presented at William Blair 42nd Annual Growth Stock Conference on June 7, 2022.","Slides attached as Exhibit 99.1, but no revenue, EPS, or guidance figures included in filing.","Presentation is an update on business strategy; no material operational or financial changes announced.","No forward-looking statements or earnings updates were provided in the 8-K or exhibit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366165,"accession_number":"0001104659-22-067392","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-06-02T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"APEI subsidiary Rasmussen appoints Javier Miyares Acting President; CEO Tom Slagle retiring Aug 1","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Javier Miyares appointed Acting President of Rasmussen University effective June 1, 2022.","Current CEO Tom Slagle retiring August 1, 2022, will assist with transition.","Miyares has 45+ years in higher education, including 8 years as President of University of Maryland Global Campus.","Nationwide search for permanent replacement is being launched."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366164,"accession_number":"0001104659-22-064228","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-05-24T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Shareholders approve amendment to increase APEI's equity incentive plan shares by 1.125M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved amendment to 2017 Omnibus Plan, increasing share reserve by 1,125,000 to 4,225,000 total shares.","Nine directors elected: all received over 16.7M votes for, with negligible against; broker non-votes 918,962.","Advisory vote on named executive officer compensation passed with 16.67M For vs 160k Against, over 90% support.","Ratification of Deloitte & Touche LLP as independent auditor for FY2022 passed with 17.8M For, 11k Against.","Amendment clarifies vesting of dividends on restricted stock and fair market value determination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366163,"accession_number":"0001104659-22-058236","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2022-05-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"APEI Q1 revenue up 75% to $154.7M; 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audited financials now filed.","Rasmussen 2020 revenue $261.5M; net income $20.8M vs. Successor period net income $2.7M in 2019.","Total assets $193.7M, member's equity $116.7M as of Dec 31, 2020.","Pro forma combined financial info included for nine months ended Sep 30, 2021 and year ended Dec 31, 2020."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":403541,"accession_number":"0001104659-21-135698","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2021-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"American Public Education Q3 revenue up 24% to $98.2M; net loss $0.3M; adjusted EBITDA down 16%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $98.2M (+24% YoY) from Rasmussen acquisition; net loss $0.3M vs income $2.6M.","Adjusted EBITDA $9.1M (-16% YoY) includes $1.6M M&A fees.","Diluted loss per share $0.01 vs EPS $0.18; APUS course registrations down 8%.","Rasmussen acquisition closed Sept 1 for $325.5M; funded with cash and $175M term loan.","Agreed to acquire Graduate School USA for ~$1.0M, expected close Q1 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":0.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":264803000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":403540,"accession_number":"0001104659-21-134370","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2021-11-04T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"APUS President Dr. Wade Dyke steps down; Dr. Katherine Zatz named Acting President","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dr. Wade T. Dyke steps down as President of American Public University System, effective Nov 4, 2021.","Dr. Katherine Zatz, former APUS Board Chairwoman, appointed Acting President.","Nationwide search for permanent replacement launched; Dyke to assist with transition for six months.","Dyke will receive severance benefits per his employment agreement for termination without cause."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":951476727.6662179,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":422500,"accession_number":"0001104659-21-112247","cik":1201792,"company_name":"AMERICAN PUBLIC EDUCATION INC","ticker":"APEI","form_type":"8-K","filed_at":"2021-09-02T23:59:59+00:00","items":["1.01","2.03","2.01","7.01","9.01"],"status":"ready","headline":"APEI completes $329M acquisition of Rasmussen University; revenue nearly doubles to ~$600M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired Rasmussen for $329M in cash; purchase price paid entirely in cash.","Combined revenue ~$600M; nursing platform with ~11,000 students, ~$200M nursing revenue.","Rasmussen seen generating ~$275M revenue in FY2021; combined adj. 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