Aspen Group, Inc.

OTCPK:ASPU Stock Report

Market Cap: US$10.5m

Aspen Group Past Earnings Performance

Past criteria checks 3/6

Aspen Group has been growing earnings at an average annual rate of 17.4%, while the Consumer Services industry saw earnings growing at 25.1% annually. Revenues have been declining at an average rate of 11.8% per year. Aspen Group's return on equity is 9.3%, and it has net margins of 6.3%.

Key information

17.37%

Earnings growth rate

18.87%

EPS growth rate

Consumer Services Industry Growth20.27%
Revenue growth rate-11.79%
Return on equity9.28%
Net Margin6.27%
Last Earnings Update31 Jan 2026

Recent past performance updates

Recent updates

Seeking Alpha Oct 11

Aspen Group scraps $3M equity distribution deal, provides update on restructuring

Aspen Group (NASDAQ:ASPU) said Tuesday it canceled a $3M equity distribution deal with Northland Securities as it does not require the financing due to its ongoing restructuring, which is expected to result in over $14M savings through FY23-end. "... we implemented a restructuring plan to address working capital requirements, reduce cash burn and achieve operational goals over the next 12 months," said ASPU CEO Michael Mathews. "We are encouraged by the results we are achieving thus far and concluded that financing with the equity distribution agreement is not needed at this time," he added. The restructuring plan is expected to result in cost cuts of $4.4M in Q2 2023 and $4.9M in Q3 and Q4 2023. As part of the plan, ASPU reeled in marketing ad spend to a maintenance level of $150K per quarter. This is expected to result in $3.6M savings in Q2 2023 and $3.8M in each of Q3 and Q4 2023. ASPU also eliminated ~70 positions mostly within G&A functions. This is expected to translate into $750K additional savings in Q2 2023 and $1.1M in each of Q3 and Q4 2023.
Seeking Alpha Sep 13

Aspen GAAP EPS of -$0.15 misses by $0.02, revenue of $18.89M beats by $0.31M

Aspen press release (NASDAQ:ASPU): Q1 GAAP EPS of -$0.15 misses by $0.02. Revenue of $18.89M (-2.8% Y/Y) beats by $0.31M. Marketing spend decrease in Q4 2022 resulted in modest revenue decline in Q1 2023 Restructuring and lower marketing spend expected to reduce total spending by $4.4 million in Q2 and $4.9 million per quarter in Q3 and Q4 of fiscal year 2023 Continued corporate overhead controls drive sequential reduction in G&A Shares +2.17%.
Analysis Article Jan 13

Is Aspen Group (NASDAQ:ASPU) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha Dec 18

Aspen Group: Current Headwinds Present Excellent Entry Point

Growth Opportunities for the 2020s still in place. Company continues to offer quality education at affordable cost. The world's nursing shortage will be a reality for many years to come.
Seeking Alpha Nov 26

Aspen Group: Insider Buying Puts This Stock On Our Radar

Aided by its 2017 acquisition of United States University, Aspen Group, Inc. has grown its top line at a 48% CAGR since fiscal 2017. The company has embarked on its Aspen 2.0 program with an eye towards profitability and positive free cash flow in 4QFY22. With big growth plans, significant demographic tailwinds, a recent drawdown of its $5 million credit line, and insider buying, Aspen merited further investigation. A full investment analysis follows in the paragraphs below.
Seeking Alpha Nov 16

Aspen Group: High Growth Online Education Disrupter

ASPU is a fast-growing online education company targeting a profitable niche. ASPU is forecasting positive EPS in Q4 2022 and is making significant investments to get to that goal. A recent takeover of a large competitor gives an indication of the value of the business suggesting a 300% return for investors.
Analysis Article Oct 30

We're Hopeful That Aspen Group (NASDAQ:ASPU) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Seeking Alpha Jul 22

Aspen University: Great Opportunity For Growth And Value Investors

Aspen's strong revenue growth and future profitability give this stock a strong upside. Aspen University's established campuses are profitable - and the campuses they're building now will eventually follow suit. I expect that Aspen's stock can double in the near term.
Analysis Article May 24

Companies Like Aspen Group (NASDAQ:ASPU) Can Afford To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Analysis Article Mar 22

Aspen Group, Inc.'s (NASDAQ:ASPU) Shift From Loss To Profit

Aspen Group, Inc. ( NASDAQ:ASPU ) is possibly approaching a major achievement in its business, so we would like to...
Analysis Article Mar 01

Can You Imagine How Elated Aspen Group's (NASDAQ:ASPU) Shareholders Feel About Its 311% Share Price Gain?

While Aspen Group, Inc. ( NASDAQ:ASPU ) shareholders are probably generally happy, the stock hasn't had particularly...
Analysis Article Feb 14

Are Investors Undervaluing Aspen Group, Inc. (NASDAQ:ASPU) By 21%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Aspen Group, Inc...
Analysis Article Jan 30

What Percentage Of Aspen Group, Inc. (NASDAQ:ASPU) Shares Do Insiders Own?

If you want to know who really controls Aspen Group, Inc. ( NASDAQ:ASPU ), then you'll have to look at the makeup of...
Analysis Article Jan 15

Here's Why We're Not At All Concerned With Aspen Group's (NASDAQ:ASPU) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article Dec 31

At US$10.84, Is Aspen Group, Inc. (NASDAQ:ASPU) Worth Looking At Closely?

Aspen Group, Inc. ( NASDAQ:ASPU ), is not the largest company out there, but it saw a double-digit share price rise of...
Analysis Article Dec 31

The CFO & Director of Aspen Group, Inc. (NASDAQ:ASPU), Frank Cotroneo, Just Sold 50% Of Their Holding

We'd be surprised if Aspen Group, Inc. ( NASDAQ:ASPU ) shareholders haven't noticed that the CFO & Director, Frank...
Analysis Article Dec 18

Aspen Group, Inc. (NASDAQ:ASPU) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Investors in Aspen Group, Inc. ( NASDAQ:ASPU ) had a good week, as its shares rose 3.0% to close at US$11.49 following...
Analysis Article Dec 07

When Will Aspen Group, Inc. (NASDAQ:ASPU) Turn A Profit?

We feel now is a pretty good time to analyse Aspen Group, Inc.'s ( NASDAQ:ASPU ) business as it appears the company may...
Analysis Article Nov 19

Can You Imagine How Elated Aspen Group's (NASDAQ:ASPU) Shareholders Feel About Its 425% Share Price Gain?

While Aspen Group, Inc. (NASDAQ:ASPU) shareholders are probably generally happy, the stock hasn't had particularly...

Revenue & Expenses Breakdown

How Aspen Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OTCPK:ASPU Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Jan 26453270
31 Oct 25450280
31 Jul 2545-1290
30 Apr 2545-2290
31 Jan 2545-13320
31 Oct 2446-16340
31 Jul 2448-13350
30 Apr 2451-14360
31 Jan 2455-7370
31 Oct 2359-5420
31 Jul 2362-5410
30 Apr 2366-8470
31 Jan 2371-10520
31 Oct 2274-12580
31 Jul 2276-12620
30 Apr 2277-10630
31 Jan 2276-10610
31 Oct 2174-9590
31 Jul 2172-10590
30 Apr 2168-10560
31 Jan 2163-9520
31 Oct 2059-8490
31 Jul 2054-5430
30 Apr 2049-6400
31 Jan 2045-7390
31 Oct 1941-7360
31 Jul 1937-9350
30 Apr 1934-9340
31 Jan 1931-11320
31 Oct 1828-11300
31 Jul 1825-9260
30 Apr 1822-7220
31 Jan 1819-4200
31 Oct 1717-2150
31 Jul 1716-1130
30 Apr 1714-1120
31 Jan 1713080
31 Oct 1611-1100
31 Jul 1610-290
30 Apr 168-280
31 Jan 167-380
31 Oct 156-480
31 Jul 156-470

Quality Earnings: ASPU has high quality earnings.

Growing Profit Margin: ASPU became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ASPU has become profitable over the past 5 years, growing earnings by 17.4% per year.

Accelerating Growth: ASPU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASPU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (11.7%).


Return on Equity

High ROE: ASPU's Return on Equity (9.3%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 04:00
End of Day Share Price 2026/06/16 00:00
Earnings2026/01/31
Annual Earnings2025/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aspen Group, Inc. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajiv SharmaB. Riley Securities, Inc.
Austin MoldowCanaccord Genuity
Jeremy HamblinCraig-Hallum Capital Group LLC