Aspen Group, Inc. (ASPU)

Aspen Group Income Statement

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

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

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.