{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-058617","form_type":"8-K","ticker":"APEI","cik":"0001201792","company_name":"AMERICAN PUBLIC EDUCATION INC","filed_at":"2026-05-11T20:01:56+00:00","discovered_at":"2026-05-11T20:04:03.457037+00:00","generated_at":"2026-05-11T23:03:43.441362+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"APEI Q1 revenue up 6.2% to $174.7M, net income +137.6%; raises FY2026 guidance","bullets":["Net income $17.7M ($0.94 diluted EPS) vs $7.5M ($0.41) a year ago; adjusted EBITDA $29.2M (+37.5%).","Military+ segment revenue +6.5% to $89.4M on 4% higher registrations; Health+ revenue +11.0% to $85.4M.","Received HLC approval to consolidate APUS, Rasmussen, Hondros into single institution; on track for Q3 2026.","Raised FY2026 guidance: revenue $686-696M, adj. EBITDA $93-102M, diluted EPS $2.33-$2.68.","Debt refinancing cut rate by 375 bps, saving ~$3.7M annual interest; $50M share repurchase authorized."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-058617","json":"https://secwatch.observer/filing/0001104659-26-058617.json","markdown":"https://secwatch.observer/filing/0001104659-26-058617.md","text":"https://secwatch.observer/filing/0001104659-26-058617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1201792/000110465926058617/0001104659-26-058617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1201792/000110465926058617/tm2613959d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T23:03:43.441362+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14aadf9b56333433e53a2688a50619d5b2e28708","claim":"AMERICAN PUBLIC EDUCATION INC reported the first quarter ended March 31, 2026 results: revenue $174.7 million, net income $17.7 million, EPS $0.94. Guidance raised.","evidence_excerpt":"foundation is built, the strategy is working, and we are just getting started.” Key First Quarter 2026 Highlights (as Compared to First Quarter 2025) · Consolidated revenue of $174.7 million, a 6.2% year-over year increase. o Excluding the effect of the sale of GSUSA in July 2025, consolidated revenue would have increased 8.7% when compared to the prior period. o","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1201792/000110465926058617/0001104659-26-058617-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$174.7 million"},{"label":"Net income","value":"$17.7 million"},{"label":"EPS","value":"$0.94"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}