Press release
American Public Education Reports Second Quarter 2025 Financial Results
Q2 2025 Revenue, Net Income, and Adjusted EBITDA Exceeded Guidance Simplification Continues with Sale of Graduate School USA, Redemption of All Preferred
About this update from American Public Education, Inc.
[{"type":"text","content":"Q2 2025 Revenue, Net Income, and Adjusted EBITDA Exceeded Guidance\nSimplification Continues with Sale of Graduate School USA, Redemption of All Preferred Equity, and Sale of Two Administrative Office Buildings \nCHARLES TOWN, W.V., Aug. 6, 2025 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI), a portfolio of education companies providing online and campus-based postsecondary education to over 105,000 students through three subsidiary institutions, has reported unaudited financial and operational results for the second quarter ended June 30, 2025.\n\n \n \n \n \n \n \n\n \nKey Second Quarter 2025 Highlights\nConsolidated revenue for Q2 2025 increased 6.5% year-over-year to $162.8 million.Net loss available to common stockholders in Q2 2025 was ($0.3) million, which reflects a $3.5 million loss on the redemption of the preferred equity, compared to a net loss available to common stockholders of ($1.2) million in Q2 2024.Q2 2025 Adjusted EBITDA increased 38.2% to $15.1 million compared to $10.9 million in Q2 2024.Reconfirming full year 2025 revenue estimate of between $650 million and $660 million. Resetting guidance for full year 2025 net income available to common stockholders to a range between $18 and $24 million to reflect losses associated with the sale of Graduate School USA and a loss on the preferred equity redemption. Increasing guidance for full year 2025 Adjusted EBITDA to a range between $81 million and $88 million.Simplification continues with the redemption of all of the Series A Senior Preferred Stock, and the sale of two administrative office buildings in Charles Town, WV.Key Regulatory Updates\nIn May 2025, the Department of Education released Rasmussen University (\"RU\") from the temporary growth restrictions that restricted Rasmussen University from adding new programs and locations and were imposed in connection with APEI's acquisition of Rasmussen University in 2021.In addition, also in May 2025, ED released RU's $24.5 million letter of credit stemming from its 2020 composite score, and the related cash was thereby no longer restricted.Key Subsequent Event\nAPEI completed the sale of Graduate School USA on July 25, 2025.Management Commentary\n\"At APEI, we continue to simplify our business, execute on our growth strategy and deliver on our stated financial results,\" said Angela Selden, Preside...