---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058069"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:24:37.089029+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APEI Q1 revenue up 3.2% to $154.4M; Adj. EBITDA up 143% to $17.1M; raises FY guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-058069
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465924058069/0001104659-24-058069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465924058069/tm2413511d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058069
- JSON: https://secwatch.observer/filing/0001104659-24-058069.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058069.txt

## Key facts
- Earnings Releases
  AMERICAN PUBLIC EDUCATION INC updated its full year 2024 guidance (raised).
  - Period: full year 2024
  - Guidance: raised
  - Result: guidance update
  source text: · Increasing guidance for full year Revenue and Adjusted EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1201792/000110465924058069/0001104659-24-058069-index.htm
- Earnings Releases
  AMERICAN PUBLIC EDUCATION INC reported three months ended March 31, 2024 results: revenue $154.4 million, net income ($1.0) million, EPS ($0.06).
  - Period: three months ended March 31, 2024
  - Revenue: $154.4 million
  - Net income: ($1.0) million
  - EPS: ($0.06)
  - Result: reported results
  source text: · Consolidated revenue for Q1 2024 increased 3.2% year-over-year to $154.4 million. · Net loss available to common stockholders in Q1 2024 was ($1.0) million, compared to a net loss available to common stockholders of ($7.2) million in the prior year period. · Net loss per diluted common share in Q1 2024 was ($0.06), compared to a net loss per diluted common share of ($0.38) in the same period of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1201792/000110465924058069/0001104659-24-058069-index.htm

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