United States University revenue increased 5% during Fiscal 2026, driven by solid organic lead generation Generated operating cash flow of $1.0 million in the fourth quarter, up from $0.6 million, enabling the resumption of marketing spend Gross margin expanded by 533 bps to 76% in the fourth quarter, lifting full year gross margin to 75% Fourth quarter net loss of $(4.3) million reflects two non-recurring non-cash charges totaling $3.2 million; Fiscal 2026 net loss was $(1.8) million Record fourth quarter Adjusted EBITDA of $3.3 million, up from $2.0 million; Fiscal 2026 Adjusted EBITDA reaches $10.6 million, a Company record, up from $5.7 million PHOENIX, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTCQB: ASPU) (“AGI” or the “Company”), an education technology holding company, today announced financial results for its fourth quarter of fiscal year 2026, ended April 30, 2026. Fourth Quarter Fiscal Year 2026 Summary Results Three Months Ended April 30, Years Ended April 30, $ in millions, except per share data 2026 2025 2026 2025 Revenue $ 10.3 $ 11.6 $ 43.3 $ 45.3 Gross Profit1 $ 7.8 $ 8.2 $ 32.5 $ 31.3 Gross Margin (%)1 76 % 71 % 75 % 69 % Net Income (Loss)2 $ (4.3 ) $ 0.6 $ (1.8 ) $ (1.5 ) Earnings (Loss) per Share - Basic $ (0.14 ) $ 0.02 $ (0.07 ) $ (0.07 ) Earnings (Loss) per Share - Diluted $ (0.14 ) $ 0.01 $ (0.07 ) $ (0.07 ) EBITDA3 $ (3.5 ) $ 1.7 $ 1.9 $ 2.9 Adjusted EBITDA3 $ 3.3 $ 2.0 $ 10.6 $ 5.7 _______________________ 1 GAAP gross profit calculation includes marketing, promotional and instructional costs, and amortization expense of $0.3 million and $0.4 million, and $1.5 million and $1.8 million, respectively for the three and twelve months ended April 30, 2026 and 2025, respectively.
