American Public Education, Inc. (APEI)
NASDAQ:APEI
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a substantially positive operational and financial update: top-line growth (6.2% overall, 8.7% on a comparable basis), strong adjusted EBITDA growth (+37.5%) and meaningful EPS improvement drove management to raise full-year guidance while maintaining a strong balance sheet and launching a $50M buyback. Headwinds are largely event-driven and short-term (deployments reducing some active-duty registrations, incremental Q2 marketing spend, and pending Department of Education approval), and management communicated mitigation plans and confidence in recovery. Given the number and materiality of positive financial and strategic developments that outweigh the identifiable near-term challenges, the overall tone is constructive and optimistic.Company Guidance
Revenue Growth
Total revenue grew 6.2% year-over-year to $174.7M in Q1 2026; on a comparable basis excluding the graduate school USA divestiture from 2025, revenue growth was 8.7%.
Strong Profitability and Margin Expansion
Adjusted EBITDA was $29.2M, up 37.5% year-over-year; adjusted EBITDA margin expanded to 16.7% from 12.9% (381 basis points of expansion).
Net Income and EPS Gains
Net income available to common stockholders was $17.7M (up 137.6%); diluted EPS was $0.94 (up 129.3%) versus the prior year, benefiting from operational leverage and a one-time favorable tax deduction effect.
Health Plus Performance
Health Plus revenue grew 11% year-over-year to $85.4M; enrollment rose ~8% and income from operations turned positive to $0.5M from a $0.8M loss prior year; campus expansion progress with Orlando enrolling and Detroit campus planned for Q1 2027.
Military Plus Performance and Efficiency
Military Plus revenue grew 6.5% to $89.4M; net course registrations ~106,600 versus 102,500 (≈3.9% increase); segment delivered approximately a 36% adjusted EBITDA margin for the quarter reflecting prior cost-discipline work.
Balance Sheet Strength and Liquidity
Cash, cash equivalents and restricted cash increased 25% quarter-over-quarter to $221M; total debt was reduced to $90M from $96.4M; excess cash over debt rose to $131M from $80.1M at year-end 2025; debt refinancing lowered borrowing rate by ~375 bps.
Capital Allocation Actions
Board authorized a $50M share repurchase program; first-quarter repurchases totaled ~17,840 shares for ~$1M; company resumed opportunistic capital returns while preserving flexibility for growth and M&A.
Raised Full-Year Guidance
Company raised full-year 2026 guidance: revenue to $686M–$696M, adjusted EBITDA to $93M–$102M, net income to $44.9M–$51.6M and diluted EPS to $2.33–$2.68, reflecting confidence in trajectory after Q1 results.
Regulatory Approval Milestone for Institutional Combination
Higher Learning Commission approved consolidation of programs/locations into a single accredited 'American Public University System'; Department of Education approval and APEI demerger remain as the final step, targeted for early Q3 2026.
Operational Cash Flow
Management highlighted strong operating cash flow (analyst noted ~$63M cash flow from operations in the quarter), supporting investment, share repurchases and M&A optionality.
APEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $56.37 | $53.00 | -5.98% |
Mar 12, 2026 | $47.58 | $57.66 | +21.19% |
Nov 10, 2025 | $32.99 | $34.60 | +4.88% |
Aug 06, 2025 | $31.53 | $29.03 | -7.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Public Education, Inc. (APEI) report earnings?
American Public Education, Inc. (APEI) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is American Public Education, Inc. (APEI) earnings time?
American Public Education, Inc. (APEI) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APEI EPS forecast?
APEI EPS forecast for the fiscal quarter 2026 (Q2) is 0.37.
