Aspen Group

ASPU

Education & Training Services · Consumer Defensive

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Apr 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Strong

Valuation

Data not available

Track this stock — start free trial

Winston Score History

The full picture

Aspen Group, Inc. is an online education company that offers college degree programs to adult learners across the United States. It operates two schools: Aspen University and United States University, which focus mainly on nursing and healthcare-related degrees. The company targets working adults who need flexible, affordable ways to earn accredited credentials.

Aspen Group makes money by charging tuition, typically collected on a per-course or monthly subscription basis, which is unusual in higher education and helps students manage costs. It operates entirely online, serving students in all 50 states, though it remains a small company with a market cap near zero. Its main competitive edge is low tuition pricing combined with a focus on high-demand healthcare fields, but it faces real risks from accreditation requirements, student loan policy changes, and intense competition from larger online universities like Western Governors University and Purdue Global.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-11.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-225.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

19.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$25M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Aspen Group's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

74.0%

Premium pricing power — 74.0% gross margin

Profit after running costs

Operating Margin

-9.0%

Losing money on operations — -9.0%

Return on the money invested

ROCE

6.7%

Weak — 6.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-4.4%

Shrinking sales (-4.4% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

5.3%

Thin free cash flow (5.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.30

Conservative — low debt load (0.30)

Covers its interest

Interest Cover

2.22x

Tight — interest eats into profit (2.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial