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American Public Education, Inc. (APEI) Q4 2025 Earnings Call Transcript
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American Public Education, Inc. (APEI) Q4 2025 Earnings Call Transcript

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Last updated: March 13, 2026 10:40 am
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Published: March 13, 2026
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Q4: 2026-03-12 Earnings Summary

EPS of $0.88 beats by $0.34

 | Revenue of $158.33M (-3.52% Y/Y) beats by $6.72M

American Public Education, Inc. (APEI) Q4 2025 Earnings Call March 12, 2026 5:00 PM EDT

Company Participants

Angela Selden – President, CEO & Director
Edward Codispoti – Executive VP & CFO
Gary Janson – Senior Vice President of Growth, Financial Planning & Analysis

Conference Call Participants

Shannon Devine
Griffin Boss – B. Riley Securities, Inc., Research Division
Lucas John Horton – Northland Capital Markets, Research Division
Eric Martinuzzi – Lake Street Capital Markets, LLC, Research Division
Jasper Bibb – Truist Securities, Inc., Research Division
Rajiv Sharma – Texas Capital Securities, Research Division
Matthew Filek – William Blair & Company L.L.C., Research Division
Alexander Paris – Barrington Research Associates, Inc., Research Division

Presentation

Operator

Thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the APEI 4Q 2025 Earnings Call. [Operator Instructions] I would now like to turn the call over to Shannon Devine, Investor Relations. Please go ahead.

Shannon Devine

Thank you, and good afternoon, everyone. Welcome to American Public Education’s conference call to discuss fourth quarter and full year 2025 results. Joining me on the call today are Angela Selden, President and Chief Executive Officer; Edward Codispoti, Executive Vice President and Chief Financial Officer; and Gary Janson, Chief Strategy and Growth Officer. Materials for today’s call are available in the Events and Presentations section of APEI’s website.

Statements made during this call and in the accompanying presentation regarding APEI and its subsidiaries that are not historical facts may be forward-looking statements that are based on management’s current expectations, assumptions, estimates and projections. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, such as those identified in our Form 10-K under the heading Risk Factors, including those related to

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