Aspen Group Inc. reported revenue of $11.4 million for the first quarter of fiscal year 2026, an increase from $11.3 million in the same period of 2024. Net income was $0.4 million, marking the second consecutive quarter of positive net income, compared to a net loss of $0.1 million in the prior year period. Gross profit rose to $8.4 million from $7.5 million, with the consolidated gross margin improving to 73% from 66%. Earnings per share were $0.01, up from a loss of $0.01 per share last year. EBITDA was $1.4 million, compared to $1.0 million, while Adjusted EBITDA increased to $1.9 million from $0.4 million. The company reported its third consecutive quarter of positive operating cash flow at $0.4 million. Aspen University's revenue declined by $0.5 million, or 11%, due to lower post-licensure enrollments following decreased marketing spend, while United States University's revenue increased by 9%, supported by higher enrollments in the MSN-FNP program, returning students, and tuition increases. The company indicated that ongoing restructuring initiatives are expected to deliver further general and administrative savings by the third quarter of fiscal 2026.