secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001104659-25-021356
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925021356/0001104659-25-021356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925021356/tm258152d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-021356

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer