Aspen Group Inc (ASPU)
OTHER OTC:ASPU
Top Page
Aspen Group
(OTC:ASPU)
Select Model
Select Model
Rating:73Outperform
Price Target:
$0.33
▲(66.00% Upside)
Action:ReiteratedDate:04/07/26
The score is driven mainly by improved financial performance (profitability turnaround, stronger balance sheet, and positive free cash flow) and very low valuation (P/E ~0.78). Technicals are supportive of an uptrend but are tempered by overbought momentum indicators, while revenue decline and weak cash conversion remain key fundamental risks.
Positive Factors
Margin & profitability turnaround
Sustained high gross and solid operating/net margins indicate the online delivery model is operating efficiently and that cost and operational fixes are producing durable profitability. High margins provide structural capacity to invest in programs, cover fixed costs, and sustain earnings through enrollment volatility.
Negative Factors
Persistent revenue decline
A multi-year top-line decline means recent profit gains are driven more by cost reductions than sustainable demand growth. Continued enrollment contraction would eventually compress margins and limit scale benefits, making earnings durability vulnerable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin & profitability turnaround
Sustained high gross and solid operating/net margins indicate the online delivery model is operating efficiently and that cost and operational fixes are producing durable profitability. High margins provide structural capacity to invest in programs, cover fixed costs, and sustain earnings through enrollment volatility.
Read all positive factors
Aspen Group (ASPU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.97M
Dividend YieldN/A
Average Volume (3M)110.99K
Price to Earnings (P/E)0.8
Beta (1Y)-0.18
Revenue Growth-1.19%
EPS GrowthN/A
CountryUS
Employees312
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding25,462,317
10 Day Avg. Volume18,805
30 Day Avg. Volume110,989
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.13
Price to Sales (P/S)0.09
P/FCF Ratio17.42
Enterprise Value/Market Cap3.48
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit0.87
Enterprise Value/Ebitda2.75
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aspen Group Business Overview & Revenue Model
Company Description
Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, a...
How the Company Makes Money
Aspen Group makes money primarily by charging students for enrollment in its online degree and certificate programs. Revenue is generated from tuition and related educational fees paid by students (often structured as periodic payments over the co...
Aspen Group Earnings Call Summary
Earnings Call Date:Jan 18, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment with significant financial improvements, enrollment growth, and improved NCLEX pass rates despite revenue challenges and legal settlement costs.Positive Updates
Reduced Net Loss
Net loss narrowed by 30% year-over-year, demonstrating financial discipline and effective cost management.
Negative Updates
Revenue Decrease
Total revenue decreased by 19% year-over-year, mainly due to the teach-out of the pre-licensure program and lower marketing spend.
Read all updates
Q2-2024 Updates
Positive
Negative
Reduced Net Loss
Net loss narrowed by 30% year-over-year, demonstrating financial discipline and effective cost management.
Read all positive updates
Company Guidance
During the Aspen Group's second quarter fiscal year 2024 earnings call, executives provided detailed guidance on the company's financial and operational performance. The company reported a notable 30% year-over-year reduction in net loss and achieved positive EBITDA for the fourth consecutive quarter. Enrollments rose by 34% sequentially, driven by strong demand in the healthcare sector, particularly for postgraduate nursing degrees. Despite a 19% decrease in total revenue to $13.8 million, attributed largely to the teach-out of the pre-licensure program, gross margin improved to 63%, up from 60% the previous year. The quarter saw a decrease in G&A expenses by 23% and a marked reduction in marketing spend, contributing to a positive cash flow from operations of $409,000. The company anticipates an unrestricted cash balance exceeding $2 million by the end of January 2024, bolstered by a significant financial aid payment of approximately $3.9 million. Additionally, Aspen University reported an 89% first-time NCLEX pass rate in Arizona, reflecting improved academic performance. However, the company withheld specific guidance for future quarters.Aspen Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Jul 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.62M | 45.30M | 51.40M | 66.32M | 76.69M | 67.81M |
| Gross Profit | 31.78M | 30.06M | 31.44M | 35.53M | 41.44M | 38.36M |
| EBITDA | 10.08M | 2.94M | -4.80M | -1.85M | -5.07M | -5.94M |
| Net Income | 6.13M | -1.54M | -13.58M | -8.35M | -9.59M | -10.45M |
Balance Sheet | ||||||
| Total Assets | 66.67M | 66.77M | 75.95M | 80.87M | 91.07M | 80.81M |
| Cash, Cash Equivalents and Short-Term Investments | 950.79K | 1.07M | 2.62M | 5.72M | 6.48M | 13.67M |
| Total Debt | 18.83M | 22.43M | 26.67M | 35.00M | 33.72M | 18.33M |
| Total Liabilities | 33.15M | 35.80M | 43.67M | 45.32M | 48.52M | 31.72M |
| Stockholders Equity | 33.53M | 30.97M | 32.28M | 35.55M | 42.55M | 49.09M |
Cash Flow | ||||||
| Free Cash Flow | 1.85M | 233.72K | -4.81M | -7.00M | -15.61M | -7.99M |
| Operating Cash Flow | 2.48M | 1.19M | -3.66M | -4.40M | -11.28M | 985.58K |
| Investing Cash Flow | -694.11K | -1.02M | -1.33M | -2.60M | -4.33M | -8.98M |
| Financing Cash Flow | -2.00M | -1.72M | 1.89M | -190.47K | 14.86M | 3.75M |
Aspen Group Technical Analysis
Positive
0.20
Price Trends
0.18
Positive
0.17
Positive
0.12
Positive
Market Momentum
0.04
Negative
78.81
Negative
95.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASPU, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.18, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 78.81 is Negative, neither overbought nor oversold. The STOCH value of 95.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASPU.
Aspen Group Risk Analysis
Aspen Group disclosed 64 risk factors in its most recent earnings report. Aspen Group reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aspen Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $3.84B | 7.03 | 21.36% | ― | 17.25% | 30.15% | |
75 Outperform | $1.84B | 14.05 | 7.66% | 2.99% | 3.74% | -8.40% | |
73 Outperform | $7.97M | 0.78 | 12.44% | ― | -1.19% | ― | |
71 Outperform | $1.07B | 21.57 | 10.92% | ― | 6.75% | 141.11% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $1.30B | 14.71 | 10.75% | ― | 16.90% | 41.11% |
* Consumer Defensive Sector Average
ASPU
Aspen Group
0.31
0.16
108.67%
APEI
American Public Education
58.39
34.88
148.36%
LRN
Stride
90.21
-44.59
-33.08%
LINC
Lincoln Edu
40.86
24.42
148.54%
STRA
Strategic Education
81.19
5.64
7.46%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.