10-Q quarterly report · filed May 11, 2026

AMERICAN PUBLIC EDUCATION INC (APEI) Q1 2026 10-Q Quarterly Report

Short answer

AMERICAN PUBLIC EDUCATION INC (APEI) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $175M (up 6.2% year over year) with net income of $18M.

Q1 2026 key financials · XBRL

Revenue
$175M
+6.2% YoY
Net income
$18M
+99.4% YoY
Operating margin
12.4%
EPS (diluted)
$0.94
+129.3% YoY

Source: XBRL data from the AMERICAN PUBLIC EDUCATION INC (APEI) Q1 2026 10-Q on SEC EDGAR. USD.

AMERICAN PUBLIC EDUCATION INC Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $174.7M, up 6.2% YoY from $164.6M
  • Operating margin 12.4% vs 7.4% YoY
  • Best segment Military+ revenue $89.4M, up 6.5%; margin 34.3% vs 28.7%
  • Health+ revenue $85.4M, up 11.0%; margin 0.6% vs negative 1.1%
  • Net income $17.7M vs $8.9M; $1.7M debt-extinguishment charge
  • Institutional Combination expected in Q3 2026, subject to ED and state approvals; 646 BDTR claims seek approximately $11.0M in loan discharges

Risk Factors

  • No material changes to 10-K risk factors, per quarterly filing
  • Carried-forward investment risk: stockholders could lose all or part of their investment
  • Carried-forward liquidity risk: adverse events could harm liquidity
  • New $50.0 million repurchase program may reduce available cash resources
  • New credit agreement and security pledge dated March 9, 2026 create secured-financing obligations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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