Quarterly ResultAug 10, 2026, 04:20 PM
American Public Education Q2 Revenue +5.5% to $171.7M; Raises FY26 Guidance
AI Summary
American Public Education reported strong financial results for the second quarter ended June 30, 2026, with consolidated revenue increasing 5.5% to $171.7 million and net income reaching $9.8 million. Adjusted EBITDA saw a significant 36.8% rise to $20.7 million. Following these results, the company raised its full-year 2026 guidance for revenue, net income, and adjusted EBITDA, and announced the completion of its institutional combination of American Public University System, Rasmussen University, and Hondros College of Nursing into a single HLC-accredited institution.
Key Highlights
- Q2 2026 consolidated revenue increased 5.5% year-over-year to $171.7 million.
- Q2 2026 net income available to common stockholders was $9.8 million, compared to a loss of $0.3 million in Q2 2025.
- Q2 2026 adjusted EBITDA increased 36.8% year-over-year to $20.7 million.
- Raised full year 2026 revenue guidance to $690.0-$698.0 million.
- Raised full year 2026 adjusted EBITDA guidance to $96.0-$104.0 million.
- Completed institutional combination of American Public University System, Rasmussen University, and Hondros College of Nursing.
- Health+ segment revenue grew 11.0% year-over-year to $86.2 million in Q2 2026.
- Total cash, cash equivalents, and short-term investments increased 26.2% to $222.8 million at June 30, 2026.
Price Impact
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