American Public Education Reports First Quarter 2026 Financial Results and Raises 2026 Full-Year Guidance
American Public Education (APEI) reported Q1 2026 revenue of $174.7 million, a 6.2% year-over-year increase, and raised its full-year 2026 guidance. Net income available to common stockholders increased 137.6% to $17.7 million, and adjusted EBITDA grew 37.5% to $29.2 million. The company received Higher Learning Commission approval to consolidate its APUS, Rasmussen, and Hondros College of Nursing programs into a single accredited institution, expected to be completed by the start of Q3 2026.
Key figures
- Eps
- 0.94
- Revenue
- 174738000
- Guidance
- FY26 revenue $686.0 - $696.0 million, raised from $648.9 million; adjusted EBITDA $93.0 - $102.0 million, raised from $85.7 million; diluted EPS $2.33 - $2.68, raised from $1.36
- Revenue Yoy
- 6.2%
- Net income
- 17731000
- Adjusted ebitda
- 29221000
- Operating income
- 21643000
- Health segment ebitda
- 3200000
- Health segment revenue
- 85356000
- Military segment ebitda
- 31800000
- Military segment revenue
- 89443000
- Cash and cash equivalents
- 220998000
AI analysis
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