Highest-materiality recent filing
APEI shareholders elect six directors, approve say-on-pay, and ratify auditor at 2026 meeting
Elected Granetta B. Blevins, Michael D. Braner, Anna M. Fabrega, Daniel S. Pianko, Angela K. Selden, Richard J. Statuto to board with over 14 million votes each.
APEI Q1 revenue up 6.2% to $174.7M, net income +137.6%; raises FY2026 guidance
Net income $17.7M ($0.94 diluted EPS) vs $7.5M ($0.41) a year ago; adjusted EBITDA $29.2M (+37.5%).
APEI Q4 net income +9.6%, FY revenue +3.9%; guides FY2026 rev $685-695M
Q4 2025 revenue $158.3M (-3.5% YoY); full-year revenue $648.9M (+3.9% YoY).
Consolidated Q3 revenue rose 7% YoY to $163.2M; net income surged to $5.6M from $0.7M in Q3 2024.
APEI Q3 revenue $163.2M (+7% YoY), EPS $0.30, beat guidance; CFO appointed
Revenue $163.2M (+7% YoY); net income $5.6M ($0.30 diluted EPS) vs $0.7M ($0.04) in Q3 2024.
APEI appoints Edward H. Codispoti as CFO effective Oct 20, 2025; Sunderland transitions to advisory
Edward H. Codispoti appointed EVP and CFO of American Public Education, Inc. effective October 20, 2025.
APEI expects Q3 revenue to exceed guidance; govt shutdown to cut Oct revenue by $9.6M
Q3 2025 consolidated revenue expected to exceed top-end of previously disclosed guidance (Aug 6).
APEI Q2 beats: revenue $162.8M (+6.5%), Adj. EBITDA $15.1M (+38%); sells GSUSA
Revenue $162.8M, +6.5% YoY; exceeded guidance.
American Public Education redeems all Series A Preferred shares for $44.5M
Redeemed all 400 outstanding shares of Series A Senior Preferred Stock on June 23, 2025.
APEI to redeem all 400 Series A Preferred shares for ~$44.5M on June 23, 2025
Redemption price of ~$111,137.88 per share includes ~$3,415.91 in accrued dividends.
APEI issues June 2025 investor presentation; details not disclosed in filing
Supplemental presentation issued on June 5, 2025 for use in investor meetings.
APEI shareholders approve 1.2M share increase in equity incentive plan at 2025 annual meeting
All seven director nominees elected; votes for ranged from 13.55M to 13.84M shares.
APEI Q1 net income $7.5M ($0.41 diluted) vs prior-year loss; raises FY EBITDA guide
Revenue $164.6M (+6.6% YoY); net income to common $7.5M ($0.41 diluted) vs ($1.0M) loss in Q1 2024.
APEI Q4 revenue up 7.4%, Adjusted EBITDA beats guidance; FY2025 outlook provided
Q4 revenue $164.1M, up 7.4% YoY; net income $11.5M ($0.63 diluted EPS), flat YoY.
APEI plans to combine APUS, Rasmussen, Hondros into one institution; expects Q3 2025 close
Plan to consolidate APUS, Rasmussen University, Hondros College of Nursing into a single institution named American Public University System.
APEI swings to net income in Q3 2024; revenue up 1.5% to $153.1M
Consolidated revenue $153.1M (+1.5% YoY); net income $731k vs net loss ($4.9M) in Q3 2023.
APEI Q2 revenue +3.9% to $152.9M; adjusted EBITDA +24%; reaffirms FY24 guidance
Revenue $152.9M (+3.9% YoY); net loss $1.2M ($0.06 loss per share) vs $52.7M loss in Q2 2023.
APEI CFO Richard W. Sunderland Jr. to depart; search for successor underway
CFO Richard W. Sunderland Jr. will transition out; successor search started.
All eight director nominees elected; Eric Andersen received 11,666,246 votes for, 657,851 against.
APEI Q1 revenue up 3.2% to $154.4M; Adj. EBITDA up 143% to $17.1M; raises FY guidance
Consolidated revenue $154.4M (+3.2% YoY); net loss improved to ($1.0M) from ($7.2M) in Q1 2023.
APEI swings to Q4 profit of $11.5M from loss; revenue $152.8M flat YoY
Q4 2023 net income $11.5M vs net loss $6.6M in Q4 2022; diluted EPS $0.64 vs ($0.35).
APEI board authorizes $10M share repurchase program, adds to $8M already bought back in 2023
Board authorized up to $10M in share repurchases, complementing ~$8M repurchased earlier this year.
APEI Q3 net loss narrows to $3.3M; adjusted EBITDA up 91% to $18.1M
Consolidated revenue $150.8M (+0.9% YoY); net loss $3.3M vs $3.8M loss prior year.
APEI Q2 net loss $51.2M, revenue -1.6% to $147.2M; two directors won't seek re-election
Net loss $51.2M ($2.93/share); adjusted loss $0.25/share; includes $64M non-cash Rasmussen goodwill impairment.
Jeff Tognola to leave role as EVP, Chief Experience Officer on July 21, 2023.
APEI shareholders approve 1.2M share increase in 2017 incentive plan and 500K ESPP increase
Stockholders approved adding 1.2M shares to the 2017 Omnibus Incentive Plan (now 5.425M total).
APEI Q1 net loss $7.2M vs prior-year net income; revenue down 3.3% to $149.7M
Net loss available to common stockholders of $7.2M ($0.38 per diluted share) vs net income of $5.3M ($0.28) a year ago.
APEI corrects Q1 revenue guidance down ~$7M to $148.1-150.1M; EBITDA seen above prior high end
Revenue guidance cut to $148.1M-$150.1M from $155.1M-$157.1M due to clerical error.
APEI appoints Michael Braner (325 Capital) to board, enters cooperation agreement
Michael D. Braner, Managing Partner of 325 Capital, appointed to APEI Board effective March 28, 2023.
American Public Education Board authorizes additional $8M share repurchase
Board authorized up to $8.0 million in additional share repurchases under existing program.
APEI Q4 net loss of $6.6M vs income $9.4M; revenue down 1%, EPS -$0.35
Revenue fell 1.0% to $152.4M; net loss $6.6M compared to net income of $9.4M a year ago.
APEI sells $40M Series A Senior Preferred Stock to repay debt, reduce term loans to $100M
Sold 400 shares of Series A Senior Preferred at $100,000 each to affiliates of Redwood Capital Management and MSD Partners.
American Public Education adopts amended bylaws effective December 22, 2022
Board approved Fifth Amended and Restated Bylaws effective December 22, 2022.
Director Vincent Stewart resigns from American Public Education board effective Dec 31, 2022
LtGen (Ret.) Vincent Stewart resigned from the Board effective December 31, 2022, citing other time commitments.
APEI Q3 revenue up 52% to $149.5M; net loss widens to $3.8M
Net loss of $3.8M ($0.20 diluted EPS) vs net loss of $0.3M in prior year.
APEI initiates 2022 guidance with revenue $600M-$610M and adjusted EBITDA $53M-$59M
Consolidated 2022 revenue expected between $600M and $610M.
APEI Q2 net loss $110M on $144.9M impairment; revenue up 92% to $149.6M
Consolidated revenue $149.6M (+92% YoY); adjusted EBITDA $14.5M (+47% YoY).
American Public Education CTO Patrik Dyberg to depart effective July 29, 2022
Patrik Dyberg steps down as EVP and Chief Technology Officer, effective July 29, 2022.
APEI appoints Anna Fabrega, James Kenigsberg to board; names Tanya Axenson CHRO
Anna Fabrega (CEO of Freshly) and James Kenigsberg (co-founder/CTO of 2U) join APEI board.
APEI presents at William Blair conference; no new financial data disclosed
CEO Angela Selden presented at William Blair 42nd Annual Growth Stock Conference on June 7, 2022.
APEI subsidiary Rasmussen appoints Javier Miyares Acting President; CEO Tom Slagle retiring Aug 1
Javier Miyares appointed Acting President of Rasmussen University effective June 1, 2022.
Shareholders approve amendment to increase APEI's equity incentive plan shares by 1.125M
Stockholders approved amendment to 2017 Omnibus Plan, increasing share reserve by 1,125,000 to 4,225,000 total shares.
APEI Q1 revenue up 75% to $154.7M; net income falls to $5.3M on acquisition costs and interest
Consolidated revenue $154.7M (+75% YoY) driven by Rasmussen University ($67.1M) and GSUSA ($3.1M) acquisitions.
APEI Q4 revenue up 79% to $154M, net income $9.4M; Graduate School USA acquired
Q4 2021 consolidated revenue $154.0M (+79.3% YoY), driven by Rasmussen inclusion and HCN growth.
APEI provides audited Rasmussen 2020 financials: $261.5M revenue, $20.8M net income
Acquisition of Rasmussen closed Sep 1, 2021 for $329M; audited financials now filed.
American Public Education Q3 revenue up 24% to $98.2M; net loss $0.3M; adjusted EBITDA down 16%
Revenue $98.2M (+24% YoY) from Rasmussen acquisition; net loss $0.3M vs income $2.6M.
APUS President Dr. Wade Dyke steps down; Dr. Katherine Zatz named Acting President
Dr. Wade T. Dyke steps down as President of American Public University System, effective Nov 4, 2021.
APEI completes $329M acquisition of Rasmussen University; revenue nearly doubles to ~$600M
Acquired Rasmussen for $329M in cash; purchase price paid entirely in cash.
American Public Education Q2 revenue down 5%; EPS $0.03 vs $0.45; APUS registrations drop 8%
Consolidated revenue $78.0M (-5% YoY); net income $0.5M ($0.03 diluted EPS) vs $6.7M ($0.45) in Q2 2020.
Richard W. Sunderland, Jr., the Company’s current Executive Vice President, Chief Financial Officer, is expected to continue to serve until ninety (90) days after his successor commences employment with the Company
On August 8, 2023, Jean C. Halle and Barbara “Bobbi” L. Kurshan each informed the Company that they will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
On August 8, 2023, Jean C. Halle and Barbara “Bobbi” L. Kurshan each informed the Company that they will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
Jeff Tognola determined on July 3, 2023 that Mr. Tognola will step down from his role as Executive Vice President, Chief Experience Officer, effective July 21, 2023.
On March 20, 2023, the Board of Directors (the “Board”) of American Public Education, Inc. (the “Company”) appointed Michael D.. Braner to serve as a director of the Company for a term expiring at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) and until a successor is duly elected and qualified, effective March 28, 2023.
On December 9, 2022, Lieutenant General (Retired) Vincent Stewart tendered his resignation from the Board of Directors (the “Board”) of American Public Education, Inc. (the “Company”), effective December 31, 2022.
American Public Education, Inc. (the “Company”) and Patrik U. Dyberg determined on July 19, 2022 that Mr. Dyberg will be stepping down from his role as Executive Vice President and Chief Technology Officer, effective July 29, 2022.
On June 13, 2022, the Board of Directors (the “Board”) of American Public Education, Inc. (the “Company”) appointed James Kenigsberg to serve as a director of the Company
Dr. Wade T. Dyke will be stepping down from his role as President
Dr. Katherine Zatz, the former Chairwoman of the APUS Board of Trustees, has been appointed Acting President, effective November 4, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings