---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-021356"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T04:58:53.927383+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# APEI Q4 revenue up 7.4%, Adjusted EBITDA beats guidance; FY2025 outlook provided

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-021356
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465925021356/0001104659-25-021356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465925021356/tm258152d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-021356
- JSON: https://secwatch.observer/filing/0001104659-25-021356.json
- Plain text: https://secwatch.observer/filing/0001104659-25-021356.txt

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