---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-074696"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T18:56:40.006370+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APEI Q2 beats: revenue $162.8M (+6.5%), Adj. EBITDA $15.1M (+38%); sells GSUSA

## Summary
- Revenue $162.8M, +6.5% YoY; exceeded guidance.
- Net loss available to common -$0.3M (vs -$1.2M YoY); includes $3.5M loss on preferred redemption.
- Adjusted EBITDA $15.1M, +38.2% YoY; FY2025 EBITDA guidance raised to $81-88M.
- Completed sale of Graduate School USA on July 25; redeemed all Series A preferred stock; sold two admin buildings.
- DOE released Rasmussen University from growth restrictions; released $24.5M letter of credit.

## SEC filing metadata
- accession: 0001104659-25-074696
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2025-08-06T23:59:59+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/1201792/000110465925074696/0001104659-25-074696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465925074696/tm2522365d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-074696
- JSON: https://secwatch.observer/filing/0001104659-25-074696.json
- Plain text: https://secwatch.observer/filing/0001104659-25-074696.txt

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