Financial Performance - Q1 2025 - Revenue reached $164.6 million, a 7% year-over-year increase[9] - Net income available to common stockholders was $7.5 million, compared to a loss of $1.0 million in 1Q24[9] - Adjusted EBITDA was $21.2 million, a 25% year-over-year increase[12] - Cash position as of March 31, 2025, was $187.5 million, a 22% year-over-year increase[13] - Diluted EPS was $0.41, compared to ($0.06) in 1Q24[9] Business Highlights - Q1 2025 - APUS increased net course registrations by 3.5% compared to 1Q24[13] - Rasmussen increased enrollment by 7% in 1Q25, marking the fourth consecutive quarter of year-over-year enrollment growth[13] - Hondros College of Nursing (HCN) increased enrollment by 9.6%[13] Financial Guidance - 2025 - Full year 2025 revenue is expected to be between $650 million and $660 million[16] - Full year 2025 net income available to common stockholders is projected to be between $23 million and $30 million[16] - Full year 2025 Adjusted EBITDA is guided to be between $77 million and $87 million[16]
American Public Education(APEI) - 2025 Q1 - Earnings Call Presentation