American Public Education Q1 Beats, Raises Guidance

American Public Education reported Q1 2026 EPS $0.94, beating estimates by $0.44 and revenue $174.7 million, up 6.2% YoY.
Company lifted full‑year 2026 revenue guidance to $686‑$696 million (midpoint $691 million) and adjusted EBITDA to $93‑$102 million (midpoint $97.5 million).
Health+ segment revenue $85.4 million (+11.0% YoY); Military+ segment $89.4 million (+6.5% YoY); net income rose 137.6% to $17.7 million.
Shares gained 2.9% after‑hours; cash from operations rose 71.1% to $63.3 million; debt refinancing cut borrowing cost by 375 bps saving $3.7 million annually.