secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2026-05-11T20:01:56+00:00
Accession:  0001104659-26-058617
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q1 revenue up 6.2% to $174.7M, net income +137.6%; raises FY2026 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926058617/0001104659-26-058617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926058617/tm2613959d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-058617

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