ASPEN GROUP, INC. (ASPU) Aspen Group, Inc. functions as an education technology enterprise, concentrating on providing virtual higher education offerings throughout the United States. The company delivers an extensive array of academic qualifications, encompassing undergraduate, graduate, and doctoral degrees. These programs cover diverse fields such as nursing and health sciences, business and technology, liberal arts and sciences, and pedagogical studies. All these educational pathways are accessible through its two affiliated institutions: Aspen University and United States University. Founded in 1987, Aspen Group, Inc. had a student population of 13,334 individuals actively pursuing degrees as of April 30, 2022. The firm maintains its operational base in New York, New York.
Sector: Services-Educational Services
Industry: Education & Training Services
Aspen Group, Inc. OTC:ASPU Consumer Defensive · Education & Training Services
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Press Release ● Major ⚠ 5
Aspen Group Delivers Net Income of $0.7 Million for First Quarter Fiscal Year 2027
Aspen Group delivered fiscal Q1 2027 net income of $0.7 million, up from $0.4 million a year earlier, with a record first-quarter Adjusted EBITDA of $2.3 million, up 21% year-over-year.
Consolidated revenue held steady at $10.3 million sequentially but declined 10% year-over-year, as United States University revenue grew 3% (nearly 6% sequentially) while Aspen University revenue fell 30% due to halted new enrollments ahead of its pending merger with USU.
Gross margin expanded roughly 300 basis points to 76%, and the company generated $0.7 million of operating cash flow — its seventh consecutive positive quarter — enabling resumption of marketing spend.
Liquidity remains thin: unrestricted cash was $1.1 million at quarter-end and $0.6 million as of October 9, 2026, and management continues to pursue a debt refinancing it calls critical to restoring enrollment growth.
• 11d ago AI analysis › Press Release ⚠ 1
Aspen Group Announces Leadership Transition at United States University and Aspen University
Aspen Group announced Dr. Scott Burrus resigned as President of United States University and Aspen University, effective September 23, 2026.
Dr. Jennifer Billingsley, the Universities' Provost and Chief Academic Officer and an 8-year company veteran, was appointed President effective immediately.
CEO Matt LaVay framed the transition as continuity, noting Billingsley will lead through the pending merger of Aspen University into United States University.
• 1mo ago AI analysis › Press Release ⚠ 4
Aspen Group Reports Fourth Quarter and Fiscal Year 2026 Results
Aspen Group reported fiscal Q4 revenue of $10.3 million, an 11% year-over-year decline attributed to reduced marketing spend, while gross margin expanded significantly to 76%.
The company achieved a record $10.6 million in fiscal 2026 Adjusted EBITDA, up from $5.7 million in the prior year, and generated $1.0 million in operating cash flow for the quarter.
Management plans to resume marketing spend in fiscal 2027 to drive enrollment growth, supported by stabilized operations and an extended debt facility with JGB Capital.
• 2mo ago AI analysis › Press Release
Aspen Group, Inc. Amends and Extends Debt Agreement
globenewswire.com • 5mo ago Press Release
Aspen Group to Present at 16th Annual LD Micro Invitational on May 19, 2026
Aspen Group announced that CEO Matt LaVay and Executive Chairman Mike Mathews will present at the 16th Annual LD Micro Invitational in Los Angeles on May 19, 2026.
The company highlighted its Q3 fiscal 2026 performance, reporting record net income and operating cash flow of $1.0 million, marking its fifth consecutive quarter of positive operating cash flow.
Management will deliver the presentation at 9:30 a.m. PDT and host one-on-one meetings with investors, with a live webcast available online.
• 5mo ago AI analysis › 
