secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2026-08-10T20:12:42+00:00
Accession:  0001104659-26-093372
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926093372/0001104659-26-093372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465926093372/tm2622572d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-093372

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