---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-140551"
form_type: "8-K/A"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2021-11-17T23:59:59+00:00"
generated_at: "2026-06-28T07:17:50.867999+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# APEI provides audited Rasmussen 2020 financials: $261.5M revenue, $20.8M net income

## Summary
- Acquisition of Rasmussen closed Sep 1, 2021 for $329M; 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.

## SEC filing metadata
- accession: 0001104659-21-140551
- form_type: 8-K/A
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2021-11-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465921140551/0001104659-21-140551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465921140551/tm2132594d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-140551
- JSON: https://secwatch.observer/filing/0001104659-21-140551.json
- Plain text: https://secwatch.observer/filing/0001104659-21-140551.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.