---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-047287"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:07:49.064963+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# APEI Q1 net income $7.5M ($0.41 diluted) vs prior-year loss; raises FY EBITDA guide

## Summary
- Revenue $164.6M (+6.6% YoY); net income to common $7.5M ($0.41 diluted) vs ($1.0M) loss in Q1 2024.
- Adjusted EBITDA $21.2M, up from $17.1M in prior year quarter.
- Segment enrollment growth: APUS +3.5%, Rasmussen +7.4%, Hondros +9.6% all YoY.
- Raised FY2025 guidance: net income $23-30M, Adj. EBITDA $77-87M; revenue unchanged $650-660M.
- Total cash $187.5M at March 31, 2025, up 18% from year-end 2024.

## SEC filing metadata
- accession: 0001104659-25-047287
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2025-05-12T23:59:59+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/1201792/000110465925047287/0001104659-25-047287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465925047287/tm2514575d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-047287
- JSON: https://secwatch.observer/filing/0001104659-25-047287.json
- Plain text: https://secwatch.observer/filing/0001104659-25-047287.txt

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