American Public Education reported second quarter 2026 financial results with consolidated revenue of $171.7 million, a 5.5% year-over-year increase, and net income available to common stockholders of $9.8 million compared to a loss in the prior period. Adjusted EBITDA rose 36.8% to $20.7 million, while diluted earnings per share increased to $0.52 from a loss of $0.02. The company raised its full year 2026 revenue guidance to $690.0-$698.0 million and adjusted EBITDA guidance to $96.0-$104.0 million. Subsequent to the quarter, American Public University System, Rasmussen University, and Hondros College of Nursing were combined into a single Higher Learning Commission-accredited institution. The company also repurchased 70,365 shares under its $50 million authorization program. American Public Education operates in the postsecondary education industry, providing online and campus-based degree programs to military, veterans, and health sciences students.

American Public Education completed its previously announced combination of American Public University System, Rasmussen University, and Hondros College of Nursing into a single consolidated entity named American Public University System. The Higher Learning Commission approved the continuation of accreditation for the new system, which encompasses the programs and operations of the former institutions. Angela K. Selden was appointed Chancellor of the System. This company operates in the higher education industry.