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American Public Education Reports Second Quarter 2026 Financial Results

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3 months ago

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~ Completed Institutional Combination Subsequent to Quarter End, Creating a Single HLC-Accredited Institution

~ Raises Full Year 2026 Revenue, Net Income and Adjusted EBITDA Guidance 

CHARLES TOWN, W.Va., Aug. 10, 2026 /PRNewswire/ — American Public Education, Inc. (the “Company”) (Nasdaq: APEI), a company that transforms lives, advances careers and improves communities by providing online and campus-based postsecondary education to approximately 109,000 students, has reported financial and operational results for the second quarter ended June 30, 2026.

“I am pleased with the strong financial results we delivered in the second quarter, reflecting continued demand across our businesses and disciplined execution against our strategic priorities, including the opening of Health+’s new Orlando campus, part of our ‘Trailblazer’ campus opening strategy.  Following the end of the quarter, I am very pleased to announce that we completed the combination of American Public University System, Rasmussen University, and Hondros College of Nursing into one Higher Learning Commission-accredited institution named American Public University System,” said Angela Selden, President and Chief Executive Officer.

Selden concluded, “As we raise revenue, net income and adjusted EBITDA guidance for 2026, we remain focused on disciplined execution and building on the momentum established in the first half of the year.”

Key Second Quarter 2026 Highlights (as Compared to Second Quarter 2025)

Consolidated revenue of $171.7 million, a 5.5% year-over-year increase, compared to $162.8 million.Excluding revenue from Graduate School USA (GSUSA), which was sold in July 2025, consolidated revenue would have increased 7.8% when compared to the prior period.Health+ segment revenue growth of 11.0% year-over-year to $86.2 million, primarily driven by increased enrollments and modest tuition increases. Military+ segment revenue growth of 4.7% year-over-year to $85.5 million, primarily driven by increased net course registrations.Net income available to common stockholders increased to $9.8 million, compared to a loss of ($0.3) million.Adjusted EBITDA increased 36.8% to $20.7 million, compared to $15.1 million.Net income per diluted common share increased to $0.52, compared to a loss of ($0.02).Cash flows from operations were $12.1 million, compared to $14.8 million.

Balance Sheet and Liquidity

Total cash, cash equivalents, restricted cash and short-term investments were $222.8 million at June 30, 2026, compared to $176.5 million at December 31, 2025, representing an increase of $46.3 million, or 26.2%.

Repurchase Program

As previously announced, on March 10, 2026, the Board approved a common stock repurchase program of up to $50 million in the aggregate, replacing our prior repurchase authorizations. During the three and six months ended June 30, 2026, the Company repurchased 70,365 and 88,205 shares of common stock, respectively. As of June 30, 2026, there remains $45.0 million available under our share repurchase authorization.

Registrations and Enrollment 

Q2 2026    

Q2 2025  

% Change 

Military+ 1 

For the three months ended June 30, 

Net Course Registrations  

98,300

96,400

2.0 %

Health+ 2 

For the three months ended June 30, 

Total Student Enrollment  

19,600

18,300

6.6 %

1.

Military+ Net Course Registrations represents the approximate aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty. Excludes students in doctoral programs.

2.

Health+ Total Student Enrollment represents students in an active status as of the full-term census or billing date.

Third Quarter and Full Year 2026 Outlook

The following statements are based on APEI’s current expectations. These statements are forward-looking and actual results may differ materially. APEI undertakes no obligation to update publicly any forward-looking statements for any reason unless required by law. Refer to APEI’s earnings conference call and presentation for further details.

In millions, except enrollment, net
registrations and per share data

Third Quarter 2026

Third Quarter 2025

Military+ Net Registrations

101,000-103,000 +1.0%-3.0% y/y

100,000

Health+ Enrollment

19,100 +2.5% y/y

18,600

Revenue

$164.5 – $167.0

$163.2

Net Income Available to Common
Stockholders

$3.4 – $5.4

$5.6

Adjusted EBITDA

$14.0 – $17.0

$20.7

Diluted Earnings per Share

$0.18 – $0.29

$0.30

In millions, except per share data

Full Year 2026

Full Year 2025

Revenue

$690.0 – $698.0

$648.9

Includes $8.0 of GSUSA Revenue

Net Income Available to Common
Stockholders

$46.5 – $52.5

$25.3

Adjusted EBITDA

$96.0 – $104.0

$85.7

Diluted Earnings per Share

$2.48 – $2.79 per share

$1.36 per share

Capital Expenditures

$25.0 – $28.0

$15.9

Second Quarter 2026 Earnings Call

The Company will hold a conference call on Monday, August 10, 2026, at 5:00 PM Eastern Time to discuss its financial results for the second quarter ended June 30, 2026.

Date: Monday, August 10, 2026
Time: 5:00 PM Eastern Time (2:00 PM Pacific Time)
USA – Toll-Free Dial-in: (833) 461-5787
Conference ID: 397456726
Webcast: 2Q26 Webcast Link 

The Company will also provide a link on its website at https://www.apei.com/overview/default.aspx for those who wish to stream the call via webcast. If dialing in, please call the conference telephone number 5 to10 minutes prior to the start time.

A replay of the conference call will also be available through the Company’s website through August 24, 2026.

Non-GAAP Financial Measures

This press release contains the non-GAAP financial measures of EBITDA (earnings before interest, taxes, depreciation, and amortization), adjusted EBITDA (EBITDA less non-cash expenses such as stock compensation and non-recurring expenses), adjusted EBITDA margin, segment EBITDA, and segment EBITDA margin. APEI believes that the use of these measures is useful because they allow investors to better evaluate APEI’s operating profit and cash generation capabilities.

Adjusted EBITDA for the three months ended June 30, 2026, and 2025, excludes stock compensation, loss on disposals of long-lived assets, other professional fees, and in the three months ended June 30, 2025, loss on sale of subsidiary.

These non-GAAP measures should not be considered in isolation or as an alternative to measures determined in accordance with generally accepted accounting principles in the United States (GAAP). The principal limitation of our non-GAAP measures is that they exclude expenses that are required by GAAP to be recorded. In addition, non-GAAP measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses are excluded.

APEI is presenting EBITDA and adjusted EBITDA in connection with its GAAP results and urges investors to review the reconciliation of EBITDA and adjusted EBITDA to the comparable GAAP financial measures that are included in the tables following this press release (under the captions “GAAP Net Income to Adjusted EBITDA” “GAAP Outlook Net Income to Outlook Adjusted EBITDA” and “Education Unit Profile – Segment Summary”) and not to rely on any single financial measure to evaluate its business.

About American Public Education

American Public Education, Inc. (Nasdaq: APEI), through its two segments, Military+ and Health+, provides education that transforms lives, advances careers, and improves communities.

Military+ provides online postsecondary education to approximately 89,400 adult learners, directed primarily at the needs of military, veterans, extended military and veteran families, and other public service and service-minded communities through American Public University System, which includes: American Military University and American Public University.

Health+ provides nursing- and health sciences-focused postsecondary education to approximately 19,600 students at 27 campuses in eight states and online through Rasmussen University and Hondros College of Nursing.

American Public University System, which includes American Military University, American Public University, Rasmussen University, and Hondros College of Nursing, is a consolidated institution institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education.

Forward Looking Statements

Statements made in this press release regarding American Public Education, Inc. (“APEI” or the “Company”) that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. Forward-looking statements include, without limitation, statements regarding expectations for growth, registration, enrollments, demand, revenues, net income, earnings per share, EBITDA, adjusted EBITDA, adjusted EBITDA margin, the growth and profitability of APEI, and related growth strategies, and plans with respect to and future impacts of recent, current and future initiatives, including the recently completed combination of American Public University System, Rasmussen University and Hondros College of Nursing into one consolidated institution and the expected benefits and future impacts thereof.

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 risks and uncertainties include, among others, risks related to: APEI’s failure to comply with, or adverse actions relating to, regulatory and accrediting agency requirements, including the “90/10 Rule”, and to maintain institutional accreditation and the impacts of any actions APEI may take to prevent or correct such failure; changes in the post-secondary education regulatory environment as a result of U.S. federal elections, including any changes by or as a result of actions of the current administration to the operations of the Department of Education or changes to or the elimination or implementation of laws, regulations, standards, policies, and practices; potential or actual government shutdowns and uncertainties in the estimated impacts of any such shutdowns on APEI and Military+ and its prospective and current students, and APEI’s inability to mitigate these impacts; government budget and federal workforce uncertainty; the combination of American Public University System, Rasmussen University, and Hondros College of Nursing into one consolidated institution; APEI’s dependence on the effectiveness of its ability to attract students who persist in its institutions’ programs; changing market demands;  declines in enrollments at APEI’s subsidiaries; APEI’s inability to effectively market its institutions’ programs; APEI’s inability to maintain strong relationships with the military and maintain course registrations and enrollments from military students; the loss or disruption of APEI’s ability to receive funds under Title IV or TA programs or the reduction, elimination, or suspension of federal funds; adverse effects of changes APEI makes to improve the student experience and enhance the ability to identify and enroll students who are likely to succeed; APEI’s need to successfully adjust to future market demands by updating existing programs and developing new programs; APEI’s loss of eligibility to participate in Title IV programs or ability to process Title IV financial aid; economic and market conditions and changes in interest rates; difficulties involving acquisitions; APEI’s indebtedness, including the refinancing thereof; APEI’s dependence on and the need to continue to invest in its technology infrastructure, including with respect to third-party vendors; the inability to recognize the intended benefits of APEI’s cost savings and reduction and revenue generating efforts; APEI’s ability to manage and limit its exposure to bad debt; and the various risks described in the “Risk Factors” section and elsewhere in APEI’s Annual Report on Form 10-K for the year ended December 31, 2025, and in other filings with the SEC. You should not place undue reliance on any forward-looking statements. APEI undertakes no obligation to update publicly any forward-looking statements for any reason, unless required by law, even if new information becomes available or other events occur in the future.

Company Contact
Frank Tutalo
Director, Public Relations
American Public Education, Inc.
ftutalo@apei.com 

Investor Relations
Shannon Devine
MZ North America
Direct: 203-858-1945
APEI@mzgroup.us 

American Public Education, Inc.

Consolidated Statement of Income

(In thousands, except per share data)

Three Months Ended

June 30,

2026

2025

(unaudited)

Revenue

$

171,731

$

162,766

Costs and expenses:

Instructional costs and services

76,640

78,423

Selling and promotional

40,115

35,048

General and administrative

37,492

38,147

Depreciation and amortization

3,953

4,088

Loss on disposals of long-lived assets

5

35

    Total costs and expenses

158,205

155,741

Income from operations before

interest and income taxes

13,526

7,025

Interest income (expense), net

634

(1,108)

Income before income taxes

14,160

5,917

Income tax expense

4,387

1,421

Net income

$

9,773

$

4,496

Preferred stock dividends

–

1,319

Loss on redemption of preferred stock

–

3,501

Net income available to common stockholders

$

9,773

$

(324)

Income (loss) per common share:

Basic

$

0.53

$

(0.02)

Diluted

$

0.52

$

(0.02)

Weighted average number of

   common shares:

Basic

18,362

18,034

Diluted

18,810

18,597

Three Months Ended

Segment Information:

June 30,

2026

2025

Revenue:

Military+ Segment

$

85,538

$

81,731

Health+ Segment

$

86,216

$

77,655

  Corporate and other1

$

(23)

$

3,380

Income (loss) from operations before

interest and income taxes:

Military+ Segment

$

23,723

$

21,442

Health+ Segment

$

308

$

(2,378)

  Corporate and other

$

(10,505)

$

(12,039)

Six Months Ended

June 30,

2026

2025

(unaudited)

Revenue

$

346,469

$

327,317

Costs and expenses:

Instructional costs and services

151,270

153,367

Selling and promotional

77,982

70,253

General and administrative

73,782

74,554

Depreciation and amortization

8,107

8,080

Loss on assets held for sale

–

1,527

Loss on disposals of long-lived assets

159

265

    Total costs and expenses

311,300

308,046

Income from operations before

interest and income taxes

35,169

19,271

Loss on extinguishment of debt

(1,672)

–

Interest expense, net

(91)

(1,995)

Income before income taxes

33,406

17,276

Income tax expense

5,902

3,887

Net income

$

27,504

$

13,389

Preferred stock dividends

–

2,751

Loss on redemption of preferred stock

–

3,501

Net income available to common stockholders

$

27,504

$

7,137

Income per common share:

Basic

$

1.50

$

0.40

Diluted

$

1.46

$

0.39

Weighted average number of

   common shares:

Basic

18,322

17,937

Diluted

18,808

18,496

Six Months Ended

Segment Information:

June 30,

2026

2025

Revenue:

Military+ Segment

$

174,981

$

165,677

Health+ Segment

$

171,572

$

154,582

  Corporate and other1

$

(84)

$

7,058

Income (loss) from operations before

interest and income taxes:

Military+ Segment

$

54,441

$

45,568

Health+ Segment

$

825

$

(3,196)

  Corporate and other

$

(20,097)

$

(23,101)

1.

Corporate and Other includes tuition and contract training revenue earned by GSUSA and the elimination of intersegment revenue for courses taken by employees of one segment at other segments.

 

American Public Education, Inc.

Consolidated Balance Sheet

(In thousands)

As of June 30, 2026

As of December 31, 2025

ASSETS

(Unaudited)

Current assets:

Cash, cash equivalents, and restricted cash

$

146,548

$

176,499

Short-term Investments

76,256

Accounts receivable, net of allowance of $21,754 in 2026 and $21,113 in 2025

35,512

65,662

Prepaid expenses

20,068

14,197

Income tax receivable

4,136

3,458

Total current assets

282,520

259,816

Property and equipment, net

69,534

70,598

Operating lease assets, net

55,390

57,686

Deferred income taxes

36,613

39,176

Intangible assets, net

28,221

28,221

Goodwill

59,593

59,593

Other assets, net

5,875

6,328

Total assets

$

537,746

$

521,418

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

5,148

$

4,822

Accrued compensation and benefits

20,797

22,463

Accrued liabilities

20,349

13,375

Deferred revenue and student deposits

23,928

23,016

Lease liabilities, current

11,109

11,374

Long-term debt, current

5,625

–

Total current liabilities

86,956

75,050

Lease liabilities, long-term

55,098

56,921

Long-term debt, net

81,635

94,665

Total liabilities

$

223,689

$

226,636

Stockholders’ equity:

Common stock, $.01 par value; 100,000,000 shares
authorized; 18,367,887 issued and outstanding in
2026; 18,125,860 issued and outstanding in 2025

183

181

Additional paid-in capital

307,878

311,119

Accumulated other comprehensive loss

(7)

(18)

Retained earnings (accumulated deficit)

6,003

(16,500)

Total stockholders’ equity

314,057

294,782

Total liabilities and stockholders’ equity

$

537,746

$

521,418

GAAP Net Income to Adjusted EBITDA:

The following table sets forth the reconciliation of the Company’s reported GAAP net income to the calculation of adjusted EBITDA for the three and six months ended June 30, 2026 and 2025:

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands)

2026

2025

2026

2025

Net income (loss) available to common stockholders

$

9,773

$

(324)

$

27,504

$

7,137

Preferred dividends

–

1,319

–

2,751

Loss on redemption of preferred stock

–

3,501

–

3,501

Net income

$

9,773

$

4,496

$

27,504

$

13,389

Income tax expense

4,387

1,421

5,902

3,887

Interest (income) expense, net

(634)

1,108

91

1,995

Loss on extinguishment of debt

–

–

1,672

–

Depreciation and amortization

3,953

4,088

8,107

8,080

EBITDA

17,479

11,113

43,276

27,351

Loss on assets held for sale

–

–

–

1,527

Other professional fees

938

1,715

1,881

2,704

Stock compensation

2,232

2,238

4,559

4,501

Loss on disposals of long-lived assets

5

35

159

265

Adjusted EBITDA

$

20,654

$

15,101

$

49,875

$

36,348

Segment Summary

($ in millions)

2Q26

2Q25

Military+

Revenue

$      85.5

$    81.7

Operating Income1

23.7

21.4

  Margin

28 %

26 %

+ Depreciation and Amortization

1.1

1.0

  EBITDA

$      24.8

$    22.4

  EBITDA Margin

29 %

27 %

Health+

Revenue

$      86.2

$    77.7

Operating Income1

0.3

(2.4)

  Margin

0 %

-3 %

+ Depreciation and Amortization

2.4

2.7

  EBITDA

$        2.7

$      0.3

  EBITDA Margin

3 %

0 %

Graduate School USA 

Revenue

$           –

$      3.4

Operating Income1

–

(2.6)

+ Depreciation and Amortization

–

0.1

  EBITDA

$           –

$     (2.5)

Corporate

Operating Income1

$     (10.5)

$     (9.4)

+ Depreciation and Amortization

0.4

0.3

  EBITDA3

$     (10.0)

$     (9.1)

American Public Education, Inc.

Consolidated Revenue

$    171.7

$   162.8

Operating Income1

13.5

7.0

Net income (loss) available to common stockholders

9.8

(0.3)

Margin

8 %

4 %

+ Depreciation and Amortization

4.0

4.1

Consolidated EBITDA

17.5

11.1

+ Adjustments2

3.2

4.0

Consolidated Adjusted EBITDA4

$      20.7

$    15.1

Adjusted EBITDA Margin

12 %

9 %

1.

Operating Income reflects income (loss) from operations before interest and income taxes as disclosed in our Q2 2026 10-Q.             

2.

Adjustments include stock compensation expense, loss on disposals of long-lived assets, loss on assets held for sale, and other professional fees.             

3.

Corporate results include unallocated corporate activity and eliminations.   

4.

Please refer to the “GAAP Net Income to Adjusted EBITDA” table for a reconciliation of net income to consolidated adjusted EBITDA.

     

GAAP Net Income to Adjusted EBITDA:

The following table sets forth the reconciliation of the Company’s outlook GAAP net income to the calculation of outlook adjusted EBITDA for the three months ending September 30, 2026 and twelve months ending December 31, 2026:

Three Months Ending

Twelve Months Ending

September 30, 2026

December 31, 2026

(in thousands)

Low

High

Low

High

Net Income

$

3,385

$

5,380

$

46,540

$

52,467

Income tax expense

1,705

2,710

16,863

18,936

Interest (income) expense, net

-300

-300

-500

-500

Loss on extinguishment of debt

–

–

1,672

1,672

Depreciation and amortization

4,660

4,660

17,600

17,600

EBITDA

9,450

12,450

82,175

90,175

Stock compensation

2,125

2,125

8,850

8,850

Other professional fees

900

900

3,250

3,250

Severance

1,525

1,525

1,525

1,525

Other

–

–

200

200

Adjusted EBITDA

$

14,000

$

17,000

$

96,000

$

104,000

 

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SOURCE American Public Education, Inc.

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Presence Announces Leadership Transition, Naming Jess Wang Chief Executive Officer and Kate Eberle Walker Executive Chair

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4 minutes ago

on

November 12, 2026

By

Wang brings proven leadership to accelerate Presence’s growth and technology innovation as schools face increasing need for trusted special education support

NEW YORK, Nov. 12, 2026 /PRNewswire/ — Presence, a leading provider of K–12 special education technology and teletherapy services, today announced Jess Wang has been appointed Chief Executive Officer, succeeding Kate Eberle Walker, who has transitioned to Executive Chair of the company’s Board of Directors. The transition marks the next chapter for Presence as the company builds on its national scale, strengthens its technology offerings, and expands its ability to help more schools meet the evolving needs of students with special needs.

Wang, who has served as Presence’s Chief Operating Officer since 2024, steps into the CEO role with deep knowledge of the business, strong relationships with customers and clinicians, and a proven track record of strengthening operational performance. Her appointment is a leadership transition designed to provide continuity, accelerate innovation, and position Presence for sustainable long-term growth.

The transition comes as schools face persistent staffing shortages, growing administrative demands, and increasing pressure to deliver effective special education services. More than ever, districts need trusted partners that combine experienced clinicians, purposeful technology, and dependable support.

Experienced Leadership for a Critical Moment in Special Education

Wang brings decades of experience spanning education, technology, and workforce development, with a proven track record of building and scaling national education organizations. She began her career as a public high school social studies teacher and Master Teacher, mentoring the next generation of educators. She later held senior leadership roles at education technology company 2U, Inc., where she built and led large, distributed teams, developed graduate programs for speech-language pathology, occupational therapy, and counseling professionals, and launched and scaled technology-enabled education services. Her experience driving enterprise-wide operational transformation, combined with her firsthand understanding of the classroom and the challenges of developing a qualified workforce, gives her a unique perspective on the evolving needs of schools, educators, and clinicians.

“Schools are being asked to do more than ever to support students with diverse learning needs, often with fewer resources,” Wang said. “They need partners they can trust, technology that solves real problems, and services they can depend on. Presence is uniquely positioned to deliver on those needs. We have an exceptional team, innovative technology, and a clear vision for making special education more connected, efficient, and effective. I’m excited to lead our next chapter with a focus on delivering for the schools, clinicians, and students who count on us.”

Building on a Strong Foundation of Growth and Innovation

Wang succeeds Walker following eight years of significant growth that transformed Presence into a national leader in special education technology and services. Under Walker’s leadership, the company expanded its reach, invested in technology innovation, and completed strategic acquisitions that broadened its capabilities and strengthened its position in the market.

Today, Presence partners with more than 11,000 schools across 47 states, supports a network of more than 2,000 licensed clinicians, and has delivered over 8 million remote evaluations and teletherapy sessions. Strategic milestones, including the acquisition of Global Teletherapy and Education Modified, have expanded Presence’s ability to deliver critical student services, streamline special education workflows, and give schools greater visibility into student supports.

“Leading Presence through eight years of growth and transformation has been one of the greatest privileges of my career,” Walker said. “I’m incredibly proud of the company we’ve built, the talented team behind it, and the millions of students we’ve helped support. We’ve established a strong foundation and tremendous momentum, and I couldn’t be more confident in Jess as the leader to take Presence forward.”

Walker will remain actively involved in supporting Presence’s long-term strategy and mission in partnership with Wang and the Board.

Accelerating Purposeful Technology Innovation and Customer Impact

Under Wang’s leadership, Presence will continue advancing its technology strategy while maintaining a strong focus on serving more students and schools.

Through its expanding technology offerings, Presence is helping schools reduce administrative burden, improve coordination, and gain greater visibility into student services. The company is also advancing responsible applications of artificial intelligence that support educator and clinician expertise while keeping qualified professionals at the center of student engagement.

Presence recently promoted Felipe Murillo to Chief Technology Officer, reinforcing its commitment to secure, scalable, and intelligent technology. Murillo oversees engineering, cybersecurity, and AI strategy as Presence builds a more integrated technology experience for schools and clinicians.

With an experienced leadership team, established customer partnerships, and continued support from investors including Spectrum Equity, TPG Rise Fund, and Bain Capital Double Impact, Presence is positioned to accelerate growth and help schools deliver more effective, connected special education services.

About Presence

Presence is a leading provider of teletherapy services and technology for K–12 schools. Since 2009, Presence has helped schools address students’ special education-related and mental health needs by connecting them with a nationwide network of licensed clinicians, award-winning technology, and end-to-end clinical support. Presence is helping schools, students, and clinicians succeed, wherever they are.

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SOURCE Presence

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Hyundai Future Innovators Initiative Brings New STEM Opportunities to Orange County Students

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4 minutes ago

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November 12, 2026

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Hyundai and Orange County Schools Bright Futures Foundation Award $150,000 to 15 Public Schools in Orange County, California

 

FOUNTAIN VALLEY, Calif., Nov. 12, 2026 /PRNewswire/ — Hyundai Motor America, through its corporate social responsibility initiative Hyundai Hope, in partnership with Orange County Schools Bright Futures Foundation, announced the inaugural recipients of the Future Innovators Initiative by Hyundai, a new STEM education funding program designed to expand science, technology, engineering and math learning opportunities for students across Orange County, California.

Through the initiative, Hyundai and Orange County Schools Bright Futures Foundation are investing $150,000 in 15 Orange County public schools, with each selected school receiving a $10,000 grant to support hands-on STEM programs and projects that encourage problem-solving, critical thinking and innovation while helping prepare students for future educational and career opportunities.

“Orange County is home to our North American headquarters, and we’re proud to invest in the students and educators who are shaping the future of this community,” said Brandon Ramirez, director, corporate social responsibility, Hyundai Motor North America. “Through the Future Innovators Initiative, we’re helping schools create meaningful STEM experiences that can spark curiosity, build critical skills and introduce students to new possibilities for their futures.”

Hyundai celebrated the inaugural grant recipients during an event at its North American headquarters in Fountain Valley, bringing together educators, community partners and Hyundai representatives to recognize the selected schools and spotlight the innovative STEM projects the grants will help bring to life.

“Over the past several weeks, I’ve had the privilege of seeing firsthand the extraordinary innovation taking place across these 15 Orange County public schools,” said David Blair, executive director, Orange County Schools Bright Futures Foundation. “Orange County is home to incredible talent, and our students and educators have the potential to create generational change. Hyundai’s leadership and investment demonstrate what is possible when education, philanthropy, and community leadership come together. This is more than an investment in 15 schools. It is an investment in Orange County’s future and an example of what we can accomplish through strong community partnerships. The talent is here. Innovation is happening. Together, we can build on this momentum and make Orange County a model for educational excellence.”

The Future Innovators Initiative puts resources directly into the hands of local educators, helping bring innovative STEM projects from concept to classroom and giving students more opportunities for hands-on learning.

Investing in Orange County’s Future

The Future Innovators Initiative builds on Hyundai’s broader commitment to Orange County, home to the company’s North American headquarters. Through this investment, Hyundai is helping strengthen local schools while encouraging students to explore STEM pathways and future career possibilities.

“Across Orange County’s 28 school districts, our educators are doing extraordinary work to help students see what’s possible,” said Dr. Stefan Bean, Orange County Superintendent of Schools, Orange County Department of Education. “The Future Innovators Initiative by Hyundai reminds us how much more we can accomplish when businesses and community partners come alongside our schools. Through Hyundai’s investment and the Orange County Schools Bright Futures Foundation’s leadership, 15 public schools are gaining opportunities to bring innovative STEM learning to life. I’m grateful to everyone who is helping turn those classroom ideas into meaningful experiences for students. No one gets there alone, and when we come together to invest in our students, we build a brighter future for all of Orange County.”

The 15 inaugural grant recipients represent public schools across Orange County, with each receiving $10,000 to support innovative STEM programming.

Institution

City

Capistrano Valley High School

Mission Viejo

Crescent Elementary School

Anaheim

Cypress High School

Cypress

Edison High School

Huntington Beach

El Sol Science and Arts Academy

Santa Ana

Helen F. Stacey Intermediate School

Huntington Beach

John S. Malcom Elementary School

Laguna Niguel

Ladera Vista Junior High School of the Arts

Fullerton

NOVA Academy Early College High School

Santa Ana

Ocean View High School

Huntington Beach

Oxford Preparatory Academy, Saddleback Valley

Lake Forest

Saddleback High School

Santa Ana

Samueli Academy

Santa Ana

Thomas A. Edison Elementary School

Santa Ana

Wilson Elementary

Costa Mesa

Together, these projects will help foster curiosity, creativity and problem-solving while inspiring the next generation of innovators.

Hyundai Hope
Hyundai Hope is a corporate social responsibility initiative from Hyundai Motor North America, committed to the principle of Progress for Humanity and the goal of improving the wellbeing of society. Hyundai Hope dedicates time and supplies resources to nonprofit organizations that support the health and safety of individuals and foster positive growth in communities. For more information, visit www.HyundaiHope.com.

Hyundai Motor America

Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, several cutting-edge R&D facilities and more than 855 independent dealers. These operations are part of Hyundai Motor Group, which is investing $26 billion in the U.S. from 2025 to 2028. For more information, visit www.hyundainews.com.

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok

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Elite’s Data Connect Honored By LegalTech Breakthrough With 2026 “Overall LegalTech Data Solution of the Year”

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November 12, 2026

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Prestigious Annual Awards Program Recognizes Companies and Products Driving Innovation in the Global Legal Industry

NEW YORK, Nov. 12, 2026 /PRNewswire-PRWeb/ — Elite, the AI financial operations platform purpose-built for the world’s largest law firms, today announced Data Connect has been named “Overall LegalTech Data Solution of the Year” in the 7th annual LegalTech Breakthrough Awards program conducted by LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products, and services around the globe.

“Data Connect offers firms a more deliberate and practical approach to improving how financial and operational data is accessed and used across their business, ensuring AI investments deliver real business value.” – Bryan Vaughn, Managing Director, LegalTech Breakthrough

Data Connect is a core part of Elite’s unified AI financial operations platform. It connects governed financial and operational data across 3E®, Elite Validate™, and eBillingHub®, giving firms one foundation to improve financial performance, power analytics and apply AI across their operations.

Data Connect makes financial and operational data usable in near real-time across firms. It delivers governed near real-time data from 3E®, Elite Validate™, and eBillingHub® directly into Microsoft Fabric alongside other firm systems, eliminating the need to build and maintain complex data pipelines. By making 3E data available inside the same environment as billing, CRM, and operational data, leakage becomes visible and stoppable. With governed 3E data live in Fabric, firms have visibility into profitability, staffing, and collections as work happens.

Built on Elite’s Data Fabric, Elite manages the infrastructure, security, and governance, delivering a continuously updated, trusted single source of truth across work in progress, billing progression, accounts receivable, and realization. Data Connect provides the necessary data around law firm financial concepts, including work in progress, realization, and matter-level profitability, so firms can apply their own calculations without first having to identify and map the underlying data.

The foundation also prepares firms for embedded and agentic AI capabilities in the future.

“AI and analytics investments across the legal industry are only as good as the data feeding them. Most firms have invested heavily in AI tools while their underlying financial data remains siloed, delayed, and unreliable. This is the problem Data Connect was built to solve. Pilot customers report cutting reporting time by 50% and eliminating multi-step manual processes for routine financial reporting,” said Mark Dorman, CEO, Elite. “We’re thrilled to accept ‘Overall LegalTech Data Solution of the Year’ from LegalTech Breakthrough. Data Connect gives firms the governed, continuously available data foundation they need to get more value from Elite’s unified AI financial operations platform.”

The mission of the annual LegalTech Breakthrough Awards program is to recognize the innovators transforming the global legal landscape with breakthrough technology. The program conducts a comprehensive analysis of the companies redefining how legal services are researched, drafted, managed, and delivered. From AI-driven research and drafting platforms and contract lifecycle management to eDiscovery, case and practice management, regulatory compliance, legal spend analytics, and access-to-justice solutions, these innovations are enabling legal organizations to work more efficiently, serve clients better and shape the future of the legal profession.

“Data Connect offers firms a more deliberate and practical approach to improving how financial and operational data is accessed and used across their business, ensuring AI investments deliver real business value. For years, firms have lived with financial and operational data trapped in fragmented systems, reassembled by hand every month. Most firms can’t see where revenue slips away, relying on lengthy manual investigations,” said Bryan Vaughn, Managing Director, LegalTech Breakthrough. “With Data Connect, 3E data becomes actionable in Fabric alongside CRM, HR, billing, and operational data, creating one unified dataset across the whole firm without the need to reconcile disconnected systems. The result is an AI-ready foundation, reduced reconciliation effort, and faster, more confident decision-making.”

About Elite

Elite is the trusted automation platform for law firm operations across the world’s largest and most successful law firms. Founded in 1947, Elite has guided firms through every technology shift and today delivers an AI-enabled SaaS platform that unifies financial, invoice, time, and data management into a single system of action. With embedded AI, predictive analytics, and integrated payments, Elite’s products enable firms to shorten billing cycles, reduce write-offs, and unlock firm-wide insights, making financial operations the foundation for law firm innovation and growth.

About LegalTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the LegalTech Breakthrough Awards program is devoted to honoring excellence in legal technologies, services, companies, and products. The LegalTech Breakthrough Awards program provides a forum for public recognition around the achievements of LegalTech companies and solutions in categories including Artificial Intelligence, Access to Justice, Case Management, Contract Management, Court Technology, Data and Analytics, eDiscovery, Legal Operations, Legal Research, Practice Management, RegTech, and more. For more information visit LegalTechBreakthrough.com

Tech Breakthrough LLC does not endorse any vendor, product, or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose[CS1] .

Elite®, 3E®, Validate® and eBillingHub® are registered trademarks of Elite.

[CS1]Add appropriate trademark attribution statements.

Media Contact

Elite PR, Elite, 1 800-354-8337, heath@ward6marketing.com, www.elite.com

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