---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-087882"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T01:49:01.846845+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# APEI Q2 net loss $110M on $144.9M impairment; revenue up 92% to $149.6M

## Summary
- Consolidated revenue $149.6M (+92% YoY); adjusted EBITDA $14.5M (+47% YoY).
- Net loss per diluted share $5.82; adjusted loss $0.06 excluding impairment.
- Non-cash impairment charge of $144.9M to reduce Rasmussen University goodwill and intangibles.
- Rasmussen enrollment down 6% YoY; APUS net course registrations up 1%; HCN enrollment up 3%.
- Army receivables improved to $12.5M aged over 60 days; transition to new ArmyIgnitED provider at end of Aug.

## SEC filing metadata
- accession: 0001104659-22-087882
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465922087882/0001104659-22-087882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465922087882/tm2222640d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-087882
- JSON: https://secwatch.observer/filing/0001104659-22-087882.json
- Plain text: https://secwatch.observer/filing/0001104659-22-087882.txt

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