Press release
American Public Education Reports First Quarter 2025 Financial Results
Net Income & Adjusted EBITDA Exceeded Guidance, Driven by Increased Enrollment and Operating Leverage in Rasmussen Segment CHARLES TOWN, W.Va., May 12, 2025
About this update from American Public Education, Inc.
[{"type":"text","content":"Net Income & Adjusted EBITDA Exceeded Guidance, Driven by Increased Enrollment and Operating Leverage in Rasmussen Segment\nCHARLES TOWN, W.Va., May 12, 2025 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions, has reported unaudited financial and operational results for the first quarter ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nKey First Quarter 2025 Highlights\nConsolidated revenue for Q1 2025 increased 6.6% year-over-year to $164.6 million.Net income available to common stockholders in Q1 2025 was $7.5 million, compared to a net loss available to common stockholders of ($1.0) million in Q1 2024.Net income per diluted common share in Q1 2025 was $0.41, compared to net loss per diluted common share of ($0.06) in Q1 2024.Q1 2025 Adjusted EBITDA was $21.2 million compared to $17.1 million in Q1 2024.Increasing guidance for full year 2025 net income available to common stockholders to a range between $23 - $30 million and Adjusted EBITDA to a range between $77 million and $87 million. Full year 2025 revenue estimates of between $650 million and $660 million remain unchanged.Management Commentary\n\"This first quarter of 2025 proved to be an excellent start to the year,\" said Angela Selden, President and Chief Executive Officer of APEI. \"We exceeded the expectations we set forth for the first quarter largely due to strong enrollment trends at Rasmussen which are beginning to show the operating leverage benefits of greater enrollment and disciplined operations.\"\n\"The areas for improvements that we have focused on over the past two years are driving better and more consistent financial results. We have been able to deliver better results due to improved operations and student outcomes at our educational units, and we continue to educate service-minded professionals in high demand industries,\" concluded Selden.\nFirst Quarter 2025 Financial Results\nTotal consolidated revenue for the three months ended March 31, 2025, was $164.6 million, an increase of $10.1 million, or 6.6%, compared to $154.4 million for the three months ended March 31, 2024. The increase in revenue was primarily due to a $6.1 million increase in revenue in our Rasmusse...