NASDAQ$APEI
American Public Education Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close
Briefing
American Public Education Inc reported revenue of $162.8 million and net income of $4.5 million for Q2 2025.
American Public Education Inc delivered revenue growth across all segments in Q2 2025, driven by higher enrollments at RU and HCN and increased net course registrations at APUS. Net income rose to $4.5 million from $0.4 million in the prior year, with operating margin improving to 4.3%. The company redeemed its Series A Senior Preferred Stock during the quarter.
- Consolidated revenue increased 6.5% year-over-year to $162.8 million, led by double-digit growth at RU and HCN.
- APUS net course registrations grew 7.3% to 96,400, while RU and HCN total enrollments rose 7.4% and 13.5%, respectively.
- Net income reached $4.5 million, up from $0.4 million in Q2 2024, with operating margin expanding to 4.3%.
- Cash and cash equivalents increased to $176.6 million following strong operating cash flow and asset sales.
Headline financials
Revenue & EPS history
American Public Education Inc · Revenue · Quarterly
$163M
Revenue by segment
American Public Education Inc · $163M total across 4 segments · Q2 2025
- American Public Education Segment$81.7M—50.2%
- Rasmussen University Segment$59.5M—36.6%
- Hondros College of Nursing Segment$18.1M—11.1%
- Corporate and Other$3.38M—2.1%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.8%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.3%
Avg return
30 days after
44%
11 / 25 earnings
Positive
+21.2%
Q4 2025
Best reaction
-5.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +0.1% | -5.4% | -4.4% | |
| Q4 2025 | +21.2% | +14.2% | +22.7% | |
| Q3 2025 | +6.2% | +10.7% | +15.9% | |
| Q1 2025 | -5.3% | +1.3% | -0.8% | |
| Q3 2024 | -2.5% | +3.2% | +26.0% | |
| Q2 2024 | -1.2% | -21.0% | -10.5% | |
| Q1 2024 | -2.6% | +14.5% | +9.1% | |
| Q3 2023 | -4.9% | +18.1% | +84.1% | |
| Q2 2023 | +3.9% | +11.6% | -1.5% | |
| Q1 2023 | -4.0% | -0.9% | -9.7% | |
| Q3 2022 | -0.7% | +4.3% | +10.2% | |
| Q2 2022 | -0.1% | -17.0% | -44.2% | |
| Q1 2022 | -2.4% | -25.1% | -21.0% | |
| Q3 2021 | -1.4% | -4.2% | -13.9% | |
| Q2 2021 | -0.3% | -4.8% | -6.9% | |
| Q1 2021 | -1.2% | -11.2% | -8.1% | |
| Q3 2020 | +2.7% | +6.9% | +12.6% | |
| Q2 2020 | +2.5% | +15.9% | -7.9% | |
| Q1 2020 | +0.2% | +19.2% | +23.1% | |
| Q3 2019 | +1.5% | +13.0% | +15.3% | |
| Q2 2019 | +5.3% | -18.4% | -22.8% | |
| Q1 2019 | -0.6% | -9.0% | -13.4% | |
| Q3 2018 | +2.6% | -0.8% | -12.1% | |
| Q2 2018 | +0.0% | -21.5% | -24.2% | |
| Q1 2018 | +0.3% | +1.2% | +13.9% | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — |
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