Quarterly ResultMay 11, 2026, 04:08 PM
American Public Education Q1 Revenue $174.7M, EPS $0.94; Raises FY26 Guidance
AI Summary
American Public Education reported strong first-quarter 2026 financial results, with consolidated revenue increasing 6.2% to $174.7 million and diluted earnings per share surging 129.3% to $0.94. The company also raised its full-year 2026 guidance for both revenue and adjusted EBITDA, citing the strength of its results and the progress on its four-year strategic plan. Key operational achievements include Higher Learning Commission approval for the institutional combination of APUS, Rasmussen, and Hondros, and the opening of a new Rasmussen University campus. Additionally, the company refinanced debt, expecting $3.7 million in annual interest savings, and authorized a new $50 million share repurchase program.
Key Highlights
- Consolidated revenue increased 6.2% year-over-year to $174.7 million.
- Net income available to common stockholders rose 137.6% to $17.7 million.
- Adjusted EBITDA increased 37.5% to $29.2 million.
- Diluted earnings per share grew 129.3% to $0.94.
- Raised full-year 2026 revenue guidance to $686.0-$696.0 million.
- Raised full-year 2026 Adjusted EBITDA guidance to $93.0-$102.0 million.
- Cash Flows from Operations increased 71.1% to $63.3 million.
- Refinanced debt, expecting $3.7 million in annual interest expense savings.
- Board authorized a new $50 million share repurchase program.