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.
Key figures
- Eps
- 0.01 (basic and diluted, GAAP)
- Revenue
- 10337753
- Guidance
- Expects USU student enrollments to grow in the second half of Fiscal 2027, supported by increased marketing investment starting in Fiscal Q2 2027
- Revenue Yoy
- -10%
- Ebitda
- 1409594
- Au revenue
- 2995684
- Net income
- 677397
- Usu revenue
- 7342069
- Gross margin
- 76%
- Adjusted ebitda
- 2276727
- Au revenue change
- -30%
- Usu revenue change
- +3%
- Operating cash flow
- 749252
- Net income prior year
- 406805
- Adjusted ebitda margin
- 22%
- Gross margin prior year
- 73%
- Adjusted ebitda prior year
- 1876457
- Total active students q1 27
- 3701
- Unrestricted cash oct9 2026
- 0.6 million
- Unrestricted cash jul31 2026
- 1133963
- Usu sequential revenue change
- nearly 6%
- Restructuring quarterly savings
- approximately $1.5 million
AI analysis
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