American Public Education, Inc. has announced its financial results for the first quarter of 2025, showcasing a notable improvement in several key metrics. The company reported a consolidated revenue of $164.6 million, marking a 6.6% increase from the $154.4 million recorded during the same period in 2024. This growth was largely attributed to a $6.1 million revenue increase in the Rasmussen University segment, a $3.3 million rise in the American Public University System segment, and a $1.2 million boost in the Hondros College of Nursing segment. Net income available to common stockholders for Q1 2025 was $7.5 million, a significant turnaround from the net loss of $1.0 million reported in Q1 2024. Adjusted EBITDA also experienced a rise, reaching $21.2 million for the three months ended March 31, 2025, compared to $17.1 million in the corresponding period of the previous year. The company has also provided full-year 2025 guidance, forecasting consolidated revenue between $650 million and $660 million, which represents a year-over-year growth of 4% to 6%. Net income available to common stockholders is projected to be in the range of $23 million to $30 million, indicating a substantial increase of 129% to 198% compared to the previous year. Adjusted EBITDA for the full year 2025 is expected to be between $77 million and $87 million, reflecting a growth of 7% to 20%. The increase in financial performance is driven by increased enrollment and operating leverage, particularly in the Rasmussen University segment. Total cash, cash equivalents, and restricted cash were reported at $187.5 million as of March 31, 2025, up from $158.9 million on December 31, 2024, representing an increase of $28.6 million or 18%.