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	Oct '25 Oct 31, 2025	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	45.17	45.3	51.4	66.32	76.69	67.81
Revenue Growth (YoY)	-1.19%	-11.86%	-22.51%	-13.52%	13.10%	38.22%
Cost of Revenue	10.61	11.68	15.52	21.32	19.46	15.28
Gross Profit	34.56	33.62	35.88	45	57.23	52.54
Selling, General & Admin	26.41	27.4	34.21	45.17	61.32	53.33
Operating Expenses	31.11	32.41	40.03	50.57	66.19	58.03
Operating Income	3.45	1.22	-4.15	-5.57	-8.96	-5.49
Interest Expense	-1.29	-1.37	-4.98	-2.65	-0.72	-2.05
Other Non Operating Income (Expenses)	-1.37	0.55	-0.49	0.01	0.53	-0.12
EBT Excluding Unusual Items	0.79	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	0.76	-1.49	-13.5	-8.21	-9.16	-10.42
Income Tax Expense	0.06	0.06	0.08	0.14	0.43	0.03
Net Income	0.7	-1.54	-13.58	-8.35	-9.59	-10.45
Preferred Dividends & Other Adjustments	0.33	0.37	0.06	-	-	-
Net Income to Common	0.37	-1.92	-13.64	-8.35	-9.59	-10.45
Shares Outstanding (Basic)	29	27	26	25	25	24
Shares Outstanding (Diluted)	34	27	26	25	25	24
Shares Change (YoY)	31.36%	6.05%	1.05%	1.23%	5.30%	20.54%
EPS (Basic)	0.01	-0.07	-0.53	-0.33	-0.38	-0.44
EPS (Diluted)	0.01	-0.07	-0.53	-0.33	-0.38	-0.44
Free Cash Flow	1.49	0.39	-4.81	-6.83	-15.44	-7.86
Free Cash Flow Per Share	0.04	0.01	-0.19	-0.27	-0.62	-0.33
Gross Margin	76.51%	74.22%	69.81%	67.85%	74.62%	77.47%
Operating Margin	7.65%	2.69%	-8.07%	-8.40%	-11.68%	-8.10%
Profit Margin	0.82%	-4.23%	-26.54%	-12.59%	-12.50%	-15.41%
Free Cash Flow Margin	3.30%	0.86%	-9.36%	-10.30%	-20.13%	-11.59%
EBITDA	4.54	2.61	-2.27	-1.86	-7.31	-4.47
EBITDA Margin	10.06%	5.76%	-4.42%	-2.81%	-9.54%	-6.59%
D&A For EBITDA	1.09	1.39	1.88	3.71	1.64	1.02
EBIT	3.45	1.22	-4.15	-5.57	-8.96	-5.49
EBIT Margin	7.65%	2.68%	-8.07%	-8.40%	-11.68%	-8.10%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.