secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001104659-25-109265
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q3 revenue $163.2M (+7% YoY), EPS $0.30, beat guidance; CFO appointed
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- Revenue $163.2M (+7% YoY); net income $5.6M ($0.30 diluted EPS) vs $0.7M ($0.04) in Q3 2024.
- Adjusted EBITDA $20.7M, up 60% YoY; all Q3 metrics exceeded top end of guidance.
- Enrollment growth: APUS net course registrations +8.1%, Rasmussen +10.4%, HCN +17.6%.
- Cash and equivalents $193.1M, no net debt; operating cash flow $73.5M, +56% YoY.
- Edward H. Codispoti joined as EVP and CFO effective Oct 20, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925109265/0001104659-25-109265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465925109265/tm2530440d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109265

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