---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-109894"
form_type: "8-K/A"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T20:55:58.488949+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# American Public Education Reports Q3 2025 Results Exceeding Guidance, Corrects FY2025 Net Income Guidance

## Summary
- Consolidated Q3 revenue rose 7% YoY to $163.2M; net income surged to $5.6M from $0.7M in Q3 2024.
- Adjusted EBITDA increased 60% to $20.7M; cash from operations rose 56% to $73.5M.
- Enrollment grew 8.1% at APUS, 10.4% at Rasmussen University, and 17.6% at Hondros College of Nursing.
- Edward H. Codispoti joined as EVP and CFO effective October 20, 2025; GSUSA was sold in July 2025.
- Corrected full year 2025 net income guidance was updated; company has $193.1M cash and no net debt.

## SEC filing metadata
- accession: 0001104659-25-109894
- form_type: 8-K/A
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465925109894/0001104659-25-109894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465925109894/tm2530981d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-109894
- JSON: https://secwatch.observer/filing/0001104659-25-109894.json
- Plain text: https://secwatch.observer/filing/0001104659-25-109894.txt

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