secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001104659-26-027043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q4 net income +9.6%, FY revenue +3.9%; guides FY2026 rev $685-695M
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- Q4 2025 revenue $158.3M (-3.5% YoY); full-year revenue $648.9M (+3.9% YoY).
- Q4 net income available to common stockholders $12.6M ($0.67 diluted EPS), up 6.3% YoY.
- Full-year adjusted EBITDA $85.7M (+18.6% YoY); operating cash flow $62.0M (+26.8%).
- Completed debt refinancing on March 9, 2026, reducing borrowing rate by 375 bps; expects ~$3.7M annual interest savings.
- Board authorized $50M share repurchase program on March 10, 2026; Q1 2026 guidance calls for rev $173-175M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926027043/0001104659-26-027043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926027043/tm268372d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-027043

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