Aspen Group Income Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	44.62	45.3	51.4	66.32	76.69	67.81
Revenue Growth (YoY)	0.04%	-11.86%	-22.51%	-13.52%	13.10%	38.22%
Cost of Revenue	9.67	11.68	15.52	21.32	19.46	15.28
Gross Profit	34.95	33.62	35.88	45	57.23	52.54
Selling, General & Admin	25.5	27.4	34.21	45.17	61.32	53.33
Operating Expenses	30.08	32.41	40.03	50.57	66.19	58.03
Operating Income	4.87	1.22	-4.15	-5.57	-8.96	-5.49
Interest Expense	-1.21	-1.37	-4.98	-2.65	-0.72	-2.05
Other Non Operating Income (Expenses)	-0.44	0.55	-0.49	0.01	0.53	-0.12
EBT Excluding Unusual Items	3.22	0.4	-9.61	-8.21	-9.14	-7.66
Gain (Loss) on Sale of Assets	-0.04	-0.04	-0.31	-	-	-
Asset Writedown	-	-1.85	-1.53	-	-	-1.2
Other Unusual Items	-	-	-2.05	-	-0.01	-1.55
Pretax Income	3.18	-1.49	-13.5	-8.21	-9.16	-10.42
Income Tax Expense	0.07	0.06	0.08	0.14	0.43	0.03
Net Income	3.11	-1.54	-13.58	-8.35	-9.59	-10.45
Preferred Dividends & Other Adjustments	0.31	0.37	0.06	-	-	-
Net Income to Common	2.8	-1.92	-13.64	-8.35	-9.59	-10.45
Shares Outstanding (Basic)	30	27	26	25	25	24
Shares Outstanding (Diluted)	37	27	26	25	25	24
Shares Change (YoY)	38.29%	6.05%	1.05%	1.23%	5.30%	20.54%
EPS (Basic)	0.09	-0.07	-0.53	-0.33	-0.38	-0.44
EPS (Diluted)	0.08	-0.07	-0.53	-0.33	-0.38	-0.44
Free Cash Flow	1.91	0.39	-4.81	-6.83	-15.44	-7.86
Free Cash Flow Per Share	0.05	0.01	-0.19	-0.27	-0.62	-0.33
Gross Margin	78.33%	74.22%	69.81%	67.85%	74.62%	77.47%
Operating Margin	10.91%	2.69%	-8.07%	-8.40%	-11.68%	-8.10%
Profit Margin	6.27%	-4.23%	-26.54%	-12.59%	-12.50%	-15.41%
Free Cash Flow Margin	4.29%	0.86%	-9.36%	-10.30%	-20.13%	-11.59%
EBITDA	5.84	2.61	-2.27	-1.86	-7.31	-4.47
EBITDA Margin	13.09%	5.76%	-4.42%	-2.81%	-9.54%	-6.59%
D&A For EBITDA	0.97	1.39	1.88	3.71	1.64	1.02
EBIT	4.87	1.22	-4.15	-5.57	-8.96	-5.49
EBIT Margin	10.91%	2.68%	-8.07%	-8.40%	-11.68%	-8.10%

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.