American Public Education, Inc. (APEI) has released its Investor Presentation for June 2025, revealing a strong financial profile and positive momentum in its key segments.
In the trailing twelve months (TTM) ending March 31, 2025, APEI reported a revenue of $634.7 million, with net income available to common stockholders reaching $18.5 million. The company also demonstrated a robust balance sheet with $188 million in cash and a market cap of $499.5 million as of June 4, 2025.
APEI's Healthcare platform has shown growth and improved margins, with expectations for continued positive enrollment momentum and EBITDA growth.
Notably, the company's TTM Adjusted EBITDA stood at $76.5 million, and its 2024 Free Cash Flow reached $51 million. Additionally, APEI's enrollment figures have been on an upward trajectory across its various segments. In the second quarter of 2025, the company reported 14,600 enrollments, indicating continued growth.
In the Nursing and Healthcare segment, APEI has secured its position as the number one provider of pre-licensure ADN+PN education, with approximately 9,400 enrolled nursing students across 26 campuses in 8 states. The segment also shows strong enrollment momentum, with current demand for over 200,000 registered nursing jobs annually.
The Public Sector Education segment, focusing on active-duty military and veterans, has demonstrated clear leadership, with over 90,000 adult learners in more than 90 countries and over 100 federal agency customers.
APEI's financial update for the first quarter of 2025 revealed impressive results, including a revenue of $164.6 million, Adjusted EBITDA of $21.2 million, and a net income available to common stockholders of $7.5 million. These results exceeded guidance, signaling APEI's market leadership in the post-secondary education sector.
Moreover, the company's segment revenue has shown consistent year-over-year growth, with APUS, Rasmussen, and Hondros College of Nursing all experiencing positive enrollment trends and revenue growth.
APEI's strong balance sheet with $188 million in cash and the release of Rasmussen's $24.5 million letter of credit demonstrate the company's financial stability and potential for future investments.
Following these announcements, the company's shares moved -4.98%, and are now trading at a price of $27.69. If you want to know more, read the company's complete 8-K report here.
