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Aspen Group, Inc.. (ASPU) Stock Fundamental Analysis & AI Rating 2026

ASPU OTC Services-Educational Services DE CIK: 0001487198
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2023-01-31
Combined AI Rating
SELL
86% Confidence
AGREEMENT
STRONG SELL
92% Conf
SELL
81% Conf

📊 ASPU Key Takeaways

Revenue: $51.5M
Net Margin: -14.7%
Free Cash Flow: $-5.6M
Current Ratio: 1.29x
Debt/Equity: 0.28x
EPS: $-0.30
AI Rating: STRONG SELL with 92% confidence
Aspen Group, Inc.. (ASPU) receives a SELL rating with 86% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $51.5M, net profit margin of -14.7%, and return on equity (ROE) of -21.0%, Aspen Group, Inc.. demonstrates mixed fundamentals in the Services sector. Below is our complete ASPU stock analysis for 2026.

Is Aspen Group, Inc.. (ASPU) a Good Investment?

Claude

Aspen Group is in severe financial distress with persistent unprofitability, negative cash flows, and deteriorating fundamentals. The company generated -$7.6M net loss on $51.5M revenue with negative operating cash flow of -$4.5M, indicating structural operational problems. With minimal cash reserves of $1.6M relative to burn rate, the company faces critical liquidity challenges.

ChatGPT

Aspen Group shows weak core fundamentals, with negative operating income, negative net income, and negative free cash flow despite roughly flat revenue. The balance sheet is not heavily levered, but very low cash, negative interest coverage, and continued cash burn reduce financial flexibility and make the growth profile low quality.

Why Buy Aspen Group, Inc.. Stock? ASPU Key Strengths

Claude
  • + Moderate leverage with debt-to-equity of 0.28x provides some financial flexibility
  • + Current ratio of 1.29x indicates short-term liabilities are covered by current assets
  • + Operates in education sector with potential growth opportunities if operations improve
ChatGPT
  • + Revenue appears relatively stable rather than collapsing
  • + Leverage is moderate with debt/equity of 0.28x
  • + Current ratio of 1.29x suggests near-term liquidity is still manageable

ASPU Stock Risks: Aspen Group, Inc.. Investment Risks

Claude
  • ! Severe unprofitability with -14.7% net margin and -10.6% operating margin indicating fundamental business model issues
  • ! Negative operating cash flow of -$4.5M and free cash flow of -5.6M unsustainable without significant operational turnaround or external funding
  • ! Critical liquidity crisis with only $1.6M cash against $51.9M liabilities and ongoing monthly burn rate of ~$375K based on operating cash flow
  • ! Revenue flat year-over-year with -21.0% ROE and -8.6% ROA indicating poor capital deployment
  • ! Negative interest coverage of -2.7x signals inability to service debt from operating income
ChatGPT
  • ! Persistent operating and net losses indicate the business has not reached sustainable profitability
  • ! Negative operating cash flow and free cash flow suggest the company is consuming cash rather than generating it
  • ! Cash balance is very thin relative to losses, increasing financing and liquidity risk if performance does not improve

Key Metrics to Watch

Claude
  • * Operating cash flow trend - must return to positive within 2-3 quarters
  • * Cash balance and liquidity runway - critical given current burn rate
  • * Revenue growth and operating margin improvement - path to profitability required
  • * Debt refinancing and covenant compliance status
  • * Customer retention and enrollment trends in core education programs
ChatGPT
  • * Operating margin and net margin progression toward breakeven
  • * Operating cash flow and ending cash balance

Aspen Group, Inc.. (ASPU) Financial Metrics & Key Ratios

Revenue
$51.5M
Net Income
$-7.6M
EPS (Diluted)
$-0.30
Free Cash Flow
$-5.6M
Total Assets
$87.8M
Cash Position
$1.6M

💡 AI Analyst Insight

Aspen Group, Inc.. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

ASPU Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -10.6%
Net Margin -14.7%
ROE -21.0%
ROA -8.6%
FCF Margin -10.9%

ASPU vs Services Sector: How Aspen Group, Inc.. Compares

How Aspen Group, Inc.. compares to Services sector averages

Net Margin
ASPU -14.7%
vs
Sector Avg 10.0%
ASPU Sector
ROE
ASPU -21.0%
vs
Sector Avg 16.0%
ASPU Sector
Current Ratio
ASPU 1.3x
vs
Sector Avg 1.5x
ASPU Sector
Debt/Equity
ASPU 0.3x
vs
Sector Avg 0.7x
ASPU Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Aspen Group, Inc.. Stock Overvalued? ASPU Valuation Analysis 2026

Based on fundamental analysis, Aspen Group, Inc.. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
-21.0%
Sector avg: 16%
Net Profit Margin
-14.7%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.28x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Aspen Group, Inc.. Balance Sheet: ASPU Debt, Cash & Liquidity

Current Ratio
1.29x
Quick Ratio
1.29x
Debt/Equity
0.28x
Debt/Assets
59.1%
Interest Coverage
-2.72x
Long-term Debt
$10.0M

ASPU Revenue & Earnings Growth: 5-Year Financial Trend

ASPU 5-year financial data: Year 2019: Revenue $34.0M, Net Income -$7.1M, EPS N/A. Year 2020: Revenue $49.1M, Net Income -$2.8M, EPS N/A. Year 2021: Revenue $67.8M, Net Income -$2.1M, EPS $-0.29. Year 2022: Revenue $76.7M, Net Income -$943.2K, EPS $-0.04.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Aspen Group, Inc..'s revenue has grown significantly by 125% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.04 indicates the company is currently unprofitable.

ASPU Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-10.9%
Free cash flow / Revenue

ASPU Quarterly Earnings & Performance

Quarterly financial performance data for Aspen Group, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2023 $15.6M -$1.6M $-0.06
Q2 2023 $17.1M -$2.3M $-0.09
Q1 2023 $18.9M -$870.9K $-0.03
Q3 2022 $16.6M -$2.8M $-0.11
Q2 2022 $17.0M -$2.9M $-0.11
Q1 2022 $15.2M -$870.9K $-0.03
Q3 2021 $12.5M -$2.3M $-0.11
Q2 2021 $12.1M -$638.2K $-0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Aspen Group, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$4.5M
Cash generated from operations
Capital Expenditures
$1.2M
Investment in assets
Dividends
None
No dividend program

ASPU SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Aspen Group, Inc.. (CIK: 0001487198)

📋 Recent SEC Filings

Date Form Document Action
Oct 4, 2023 4 xslF345X05/ownership.xml View →
Oct 2, 2023 4 xslF345X05/ownership.xml View →
Sep 29, 2023 4 xslF345X05/ownership.xml View →
Sep 28, 2023 4 xslF345X05/ownership.xml View →
Sep 27, 2023 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about ASPU

What is the AI rating for ASPU?

Aspen Group, Inc.. (ASPU) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ASPU's key strengths?

Claude: Moderate leverage with debt-to-equity of 0.28x provides some financial flexibility. Current ratio of 1.29x indicates short-term liabilities are covered by current assets. ChatGPT: Revenue appears relatively stable rather than collapsing. Leverage is moderate with debt/equity of 0.28x.

What are the risks of investing in ASPU?

Claude: Severe unprofitability with -14.7% net margin and -10.6% operating margin indicating fundamental business model issues. Negative operating cash flow of -$4.5M and free cash flow of -5.6M unsustainable without significant operational turnaround or external funding. ChatGPT: Persistent operating and net losses indicate the business has not reached sustainable profitability. Negative operating cash flow and free cash flow suggest the company is consuming cash rather than generating it.

What is ASPU's revenue and growth?

Aspen Group, Inc.. reported revenue of $51.5M.

Does ASPU pay dividends?

Aspen Group, Inc.. does not currently pay dividends.

Where can I find ASPU SEC filings?

Official SEC filings for Aspen Group, Inc.. (CIK: 0001487198) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ASPU's EPS?

Aspen Group, Inc.. has a diluted EPS of $-0.30.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ASPU a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Aspen Group, Inc.. has a SELL rating with 86% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ASPU stock overvalued or undervalued?

Valuation metrics for ASPU: ROE of -21.0% (sector avg: 16%), net margin of -14.7% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy ASPU stock in 2026?

Our dual AI analysis gives Aspen Group, Inc.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ASPU's free cash flow?

Aspen Group, Inc..'s operating cash flow is $-4.5M, with capital expenditures of $1.2M. FCF margin is -10.9%.

How does ASPU compare to other Services stocks?

Vs Services sector averages: Net margin -14.7% (avg: 10%), ROE -21.0% (avg: 16%), current ratio 1.29 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2023-01-31 | Powered by Claude AI