American Public Education(US:APEI)2025-08-06 21:00Financial Performance - Revenue for Q2 2025 was $162.8 million, a 7% year-over-year increase[9] - Net loss available to common stockholders was ($0.3) million in Q2 2025, compared to ($1.2) million in Q2 2024[9] - Adjusted EBITDA for Q2 2025 was $15.1 million, compared to $10.9 million in Q2 2024[9] - Cash balance as of June 30, 2025, was $176.6 million[13] Enrollment and Registration - APUS net course registrations increased by 7.3% compared to Q2 2024[14] - Hondros College of Nursing (HCN) enrollment increased by 17.6%[14] - Rasmussen enrollment increased by 10.4% in 3Q'25 compared to 3Q'24[14] - Trailing twelve months (TTM) net course registrations reached 388,400[22] Guidance - Full year 2025 revenue is projected to be between $650 million and $660 million[17] - Full year 2025 net income available to common stockholders is guided to be between $18 million and $24 million[17] - Full year 2025 adjusted EBITDA is expected to be between $81 million and $88 million[17] Strategic Initiatives - APEI completed the sale of GSUSA on July 25, 2025[10] - The company is consolidating APUS, Rasmussen, and HCN into one system[20] - APEI redeemed preferred equity in Q2 2025[20]