Inferra AI / Company / APEI
American Public Education Inc.
APEI · Consumer Discretionary
Last earnings Aug 10, 2026
Key results
Consolidated revenuequarter
6.5%
Key Second Quarter 2025 Highlights · Consolidated revenue for Q2 2025 increased 6.5% year-over-year to $162.8 million.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Revenuefull-year
$650 million
· Reconfirming full year 2025 revenue estimate of between $650 million and $660 million.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Revenuequarter
$660 million
· Reconfirming full year 2025 revenue estimate of between $650 million and $660 million.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The increase in revenue was primarily due to a $6.5 million increase in revenue in our RU Segment, a $4.7 million increase in our American Public University System (“APUS”) Segment, and a $1.7 million increase in our Hondros College of Nursing (“HCN”) Segment.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
General and administrative expenses as a percentage of revenue increased to 23.4% for the three months ended June 30, 2025, from 22.5% for the three months ended June 30, 2024.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
APEI EPSquarter
$17.0
APEI Adjusted EBITDA $15.0 – $17.0 16% to 32% APEI Diluted EPS ($0.15) – ($0.04) n.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
M revenuequarter
$162.8
2Q 25 Executive Summary $162.8 M Revenue $15.1 M Adj.
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
EBITDA Margin 1 Revenue growth of 12% in 2Q 25 versus 2Q 24 Rasmussen delivered $0.2 million of EBITDA in 2Q 25 compared to ($4.7) million in 2Q24 Positive 1H 25 EBITDA of $2.3M vs.
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Consolidated revenue | 6.5% | — | — |
| Revenue | $660 million | — | — |
| APEI EPS | $17.0 | — | — |
| M revenue | $162.8M | — | — |
Guidance · company-stated
Direction: Raised
“Increasing guidance for full year 2025 Adjusted EBITDA to a range between $81 million and $88 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Forward-looking statements include, without limitation, statements regarding the Company's future path, expected growth, registration, enrollments, revenues, net income, Adjusted EBITDA and EBITDA, capital expenditures, the growth and profitability of Rasmussen University and plans with respect to recent, current and future initiatives.
Event summary
Management Commentary "At APEI, we continue to simplify our business, execute on our growth strategy and deliver on our stated financial results,” said Angela Selden, President and Chief Executive O
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “Increasing guidance for full year 2025 Adjusted EBITDA to a range between $81 million and $88 million.”
Company outlook — Raised (“Increasing”)
“Increasing guidance for full year 2025 Adjusted EBITDA to a range between $81 million and $88 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Forward-looking statements include, without limitation, statements regarding the Company's future path, expected growth, registration, enrollments, revenues, net income, Adjusted EBITDA and EBITDA, capital expenditures, the growth and profitability of Rasmussen University and plans with respect to recent, current and future initiatives.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward - looking statements include, without limitation, statements regarding expectations for growth, registration, enrollments, demand, revenues, net income, earnings per share, EBITDA and Adjusted EBITDA, capital expenditures, free cash flow, and plans with respect to and future impacts of recent, current and future initiatives, including the planned combination of APUS, RU and HCN into one consolidated institution, campus and corporate center consolidation, and redemption of preferred stock .
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
Free cash flow defined as Adjusted EBITDA less Capital Expenditures Strong Cash Position Free cash flow 2 expected to be $59 million to $70 million in 2025 $24.5 million of restricted cash released in 2Q 25 14 Appendix Education Unit Profile Note: See note 16 to the financial statements included in the 2024 10 - K.
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
The loss on redemption of $ 3.5 million was recorded as a reduction to net income available to common stockholders for the three months ended June 30, 2025 and was calculated as the difference between the consideration paid, excluding dividends, and the book value of the Series A Senior Preferred Stock of $ 39.6 million.
SEC original ↗American Public Education Inc. — 10-Q Quarterly report10-QAug 10, 2026
Accordingly, there were no dividends declared or paid on the Series A Senior Preferred Stock during the three and six months ended June 30, 2026.
SEC original ↗American Public Education Inc. — 10-Q Quarterly report10-QAug 10, 2026
During the three and six months ended June 30, 2025, dividends declared and paid on the Series A Senior Preferred Stock were $ 1.4 million and $ 2.8 million, respectively.
SEC original ↗American Public Education Inc. — 10-Q Quarterly report10-QAug 10, 2026
Strategy & priorities
Management Commentary "At APEI, we continue to simplify our business, execute on our growth strategy and deliver on our stated financial results,” said Angela Selden, President and Chief Executive Officer of APEI.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Hondros College of Nursing focuses on educating pre-licensure nursing students at eight campuses (six in Ohio, one in Indiana, and one in Michigan).
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward-looking statements include, without limitation, statements regarding the Company's future path, expected growth, registration, enrollments, revenues, net income, Adjusted EBITDA and EBITDA, capital expenditures, the growth and profitability of Rasmussen University and plans with respect to recent, current and future initiatives.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward - looking statements include, without limitation, statements regarding expectations for growth, registration, enrollments, demand, revenues, net income, earnings per share, EBITDA and Adjusted EBITDA, capital expenditures, free cash flow, and plans with respect to and future impacts of recent, current and future initiatives, including the planned combination of APUS, RU and HCN into one consolidated institution, campus and corporate center consolidation, and redemption of preferred stock .
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
Short-Term Investments During the three months ended June 30, 2026, the Company began investing in short term investments, with original maturities ranging from three months to one year.
SEC original ↗American Public Education Inc. — 10-Q Quarterly report10-QAug 10, 2026
Risks & headwinds
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Such risks and uncertainties include, among others, risks related to: APEI's failure to comply with regulatory and accrediting agency requirements, including the "90/10 Rule", and to maintain institutional accreditation and the impacts of any actions APEI may take to prevent or correct such failure; changes in the postsecondary education regulatory environment as a result of U.
SEC original ↗American Public Education Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward - looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements .
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
Such risks and uncertainties include, among others, risks related to : the Company s failure to comply with regulatory and accrediting agency requirements, including the 90 / 10 Rule , and to maintain institutional accreditation and the impacts of any actions the Company may take to prevent or correct such failure ; changes in the postsecondary education regulatory environment as a result of U .
SEC original ↗American Public Education Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025
Legal Proceedings 36 Item 1A.
SEC original ↗American Public Education Inc. — 10-Q Quarterly report10-QAug 10, 2026
Earnings deck slides
0 decks with slide viewAmerican Public Education Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
American Public Education Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
American Public Education Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
8 documentsPresentations
3 documents
Transcripts
0 documentsNo transcripts for American Public Education Inc. are held in this edition of the library.
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