Aspen Group, Inc. (ASPU)

Aspen Group Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022
Cash & Equivalents	1.13	0.86	0.74	1.53	1.35	6.48
Cash & Short-Term Investments	1.13	0.86	0.74	1.53	1.35	6.48
Cash Growth	135.96%	16.76%	-51.88%	13.13%	-79.12%	-48.02%
Accounts Receivable	14.16	12.75	17.17	19.69	22.12	24.36
Receivables	14.16	12.75	17.17	19.69	22.12	24.36
Prepaid Expenses	0.81	0.39	0.44	0.5	0.61	1.36
Restricted Cash	0.46	0.46	0.34	1.09	4.37	6.43
Other Current Assets	0.61	0.51	0.52	1.79	3.07	0.75
Total Current Assets	17.17	14.98	19.2	24.59	31.52	39.38
Property, Plant & Equipment	1.11	5.39	10.74	15.97	21.22	21.03
Goodwill	5.01	5.01	5.01	5.01	5.01	5.01
Other Intangible Assets	14.03	10.47	11.3	12.12	12.77	13.29
Long-Term Accounts Receivable	22.54	23.81	19.85	17.53	13	11.41
Long-Term Deferred Charges	-	-	-	-	0.07	0.37
Other Long-Term Assets	0.54	0.5	0.66	0.72	0.21	0.58
Total Assets	60.4	60.16	66.77	75.95	83.81	91.07

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022
Accounts Payable	3.7	3.13	2.06	2.31	2.25	1.89
Accrued Expenses	2.31	2.38	2.48	2.88	2.36	2.82
Current Portion of Long-Term Debt	4.99	1.4	2	2.28	5	-
Current Portion of Leases	3.45	3.31	2.81	2.61	2.5	2.04
Current Unearned Revenue	2.05	2.19	2.54	4.88	2.89	5.89
Other Current Liabilities	5.54	3.41	4.54	4.68	5.71	4.19
Total Current Liabilities	22.04	15.82	16.42	19.64	20.71	16.84
Long-Term Debt	-	3.93	5.22	6.78	10	14.88
Long-Term Leases	8.18	9.09	12.4	15	17.55	16.81
Other Long-Term Liabilities	0.08	2.13	1.75	2.25	-	-
Total Liabilities	30.3	30.97	35.8	43.67	48.26	48.52

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	122.44	122.22	122.15	121.92	113.43	112.08
Retained Earnings	-92.37	-93.05	-91.22	-89.67	-76.09	-67.74
Treasury Stock	-	-	-	-	-1.82	-1.82
Total Common Equity	30.1	29.2	30.97	32.28	35.55	42.55
Shareholders' Equity	30.1	29.2	30.97	32.28	35.55	42.55
Total Liabilities & Equity	60.4	60.16	66.77	75.95	83.81	91.07

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022
Total Debt	16.62	17.73	22.43	26.67	35.05	33.72
Net Cash (Debt)	-15.49	-16.87	-21.7	-25.14	-33.7	-27.24
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.50	-0.56	-0.80	-0.98	-1.33	-1.09
Filing Date Shares Outstanding	32.43	31.74	29.08	25.41	25.44	25.2
Total Common Shares Outstanding	32.43	31.74	28.39	25.41	25.44	25.2
Working Capital	-4.88	-0.83	2.78	4.95	10.81	22.55
Book Value Per Share	0.93	0.92	1.09	1.27	1.40	1.69
Tangible Book Value	11.06	13.72	14.65	15.15	17.77	24.25
Tangible Book Value Per Share	0.34	0.43	0.52	0.60	0.70	0.96
Machinery	3.28	3.28	3.4	3.39	4.58	4.43
Construction In Progress	-	-	-	-	-	0
Leasehold Improvements	4.47	4.47	5.62	6.55	8.06	7.18

Data Source: S&P Global Market Intelligence Last updated: Oct 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 20, 2026

Data Sources Report a data error