secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001104659-25-074696
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925074696/0001104659-25-074696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925074696/tm2522365d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-074696

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