---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-093372"
form_type: "8-K"
ticker: "APEI"
cik: "0001201792"
company_name: "AMERICAN PUBLIC EDUCATION INC"
filed_at: "2026-08-10T20:12:42+00:00"
generated_at: "2026-08-10T20:14:17.825599+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APEI Q2 revenue $171.7M (+5.5%), net income $9.8M, raises FY2026 guidance

## Summary
- Q2 2026 revenue $171.7M, up 5.5% YoY from $162.8M; ex-GSUSA (sold July 2025) growth was 7.8%.
- Net income $9.8M vs ($0.3M) loss; diluted EPS $0.52 vs ($0.02); Adjusted EBITDA $20.7M, up 36.8%.
- Health+ revenue +11.0% to $86.2M; Military+ +4.7% to $85.5M; Military+ net course registrations 98,300 (+2.0%).
- Post-quarter combined American Public University System, Rasmussen University, and Hondros College of Nursing into one HLC-accredited institution.
- Raised full-year 2026 revenue, net income, and adjusted EBITDA guidance; cash $222.8M, up 26.2% from Dec 31, 2025.

## SEC filing metadata
- accession: 0001104659-26-093372
- form_type: 8-K
- ticker: APEI
- cik: 0001201792
- company_name: AMERICAN PUBLIC EDUCATION INC
- filed_at: 2026-08-10T20:12:42+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1201792/000110465926093372/0001104659-26-093372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1201792/000110465926093372/tm2622572d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-093372
- JSON: https://secwatch.observer/filing/0001104659-26-093372.json
- Plain text: https://secwatch.observer/filing/0001104659-26-093372.txt

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