Aspen Group Q1 FY27 net income jumps 67% to $700,000; revenue falls 10% to $10.3 million
ASPU•Aspen Group’s Q1 FY27 net income rose 67% year over year to $700,000, while revenue fell 10% to $10.3 million.
1. Quarterly results
Aspen Group reported Q1 FY27 net income of $700,000, up 67% year over year, supported by an improved cost structure. Revenue fell 10% to $10.3 million, while operating cash flow was $700,000 for a seventh consecutive quarter.
2. Refinancing and merger
The group is pursuing refinancing to increase marketing spending. Its planned merger of AU into USU awaits regulatory approval.
