secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001104659-25-047287
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925047287/0001104659-25-047287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925047287/tm2514575d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-047287

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