American Public Education, Inc. (APEI) Q2 2026 Earnings Call Transcript

American Public Education, Inc. ( APEI ) Q2 2026 Earnings Call August 10, 2026 5:00 PM EDT Company Participants Jack Landry Angela Selden - President, CEO & Director Edward Codispoti - Executive VP & CFO Gary Janson - Senior Vice President of Growth, Financial Planning & Analysis Conference Call Participants Griffin Boss - B. Riley Securities, Inc., Research Division Wyatt Swanson - D.A. Davidson & Co., Research Division Lucas John Horton - Northland Capital Markets, Research Division Jasper Bibb - Truist Securities, Inc., Research Division Eric Wold - Texas Capital Securities, Research Division Elle Niebuhr - Lake Street Capital Markets, LLC, Research Division Stephen Sheldon - William Blair & Company L.L.C., Research Division Presentation Operator Thank you for standing by. My name is Jonathan, and I will be your conference operator today. At this time, I would like to welcome everyone to the APEI Second Quarter 2026 Earnings Call. [Operator Instructions] I would now like to turn the call over to Jack Landry, Investor Relations. Please go ahead. Jack Landry Thank you, and good afternoon, everyone. Welcome to American Public Education's conference call to discuss Second Quarter 2026 Results. Joining me on the call today are Angela Selden, President and Chief Executive Officer of APEI and Chancellor of the American Public University System; Edward Codispoti, Executive Vice President and Chief Financial Officer; and Gary Janson, Chief Strategy and Growth Officer. Materials for today's call, which is being webcast and is open to the public, 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 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 the expressed