Short answer
AMERICAN PUBLIC EDUCATION INC (APEI) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $172M (up 5.5% year over year) with net income of $10M.
Q2 2026 key financials · XBRL
- Revenue
- $172M
- +5.5% YoY · −1.7% QoQ
- Net income
- $10M
- +117.4% YoY · −44.9% QoQ
- Operating margin
- 7.9%
- EPS (diluted)
- $0.52
- +2700.0% YoY · −44.7% QoQ
Source: XBRL data from the AMERICAN PUBLIC EDUCATION INC (APEI) Q2 2026 10-Q on SEC EDGAR. USD.
AMERICAN PUBLIC EDUCATION INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $171.7M, up 5.5% YoY from $162.8M, driven by Health+ enrollment and Military+ registrations
- Operating margin 7.9% vs 4.3% YoY; net income $9.8M vs $4.5M
- Best segment Health+ revenue $86.2M, up 11.0%; operating margin 0.4% vs negative 3.1%
- Military+ revenue $85.5M, up 4.7%; operating margin 27.7% vs 26.2%
- Headwinds: OBBBA loan changes, regulatory requirements, government shutdowns, and 69 BDTR claims seeking approximately $1.5M in loan discharges
Risk Factors
- No material risk-factor changes from the latest 10-K
- Executive-transition risk: Health+ President Mark Arnold departing August 20, 2026
- Operational risk: Company searching for the next Health+ division leader
- Financial risk: $44,999,077 remaining under the March 2026 repurchase authorization
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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