Aspen Aerogels, Inc. (ASPN)

NYSE: ASPN · Real-Time Price · USD

5.13

+0.20 (4.06%)

At close: Sep 17, 2026, 4:00 PM EDT

5.14

0.00 (0.10%)

After-hours: Sep 17, 2026, 7:30 PM EDT

Aspen Aerogels Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	202.09	271.1	452.7	238.72	180.36	121.62
Revenue Growth	-49.12%	-40.11%	89.64%	32.35%	48.30%	21.29%
Gross Profit	32.83	68.1	187	56.92	4.98	9.94
Operating Income	-62.05	-29.29	62.15	-49.2	-79.25	-40.6
Net Income	-126.2	-389.55	13.38	-45.81	-82.74	-37.09
Earnings Per Share	-1.53	-4.73	0.17	-0.66	-2.10	-1.22
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Energy Industrial	91.54	102.2	145.87	128.64	124.81	114.96
Thermal Barrier	110.55	168.91	306.83	110.08	55.56	6.66
Total	202.09	271.1	452.7	238.72	180.36	121.62

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	151.71	156.86	220.88	139.72	281.34	76.56
Total Debt	125.11	143.71	197.38	138.77	119.4	15.24
Net Cash (Debt)	26.6	13.15	23.5	0.95	161.93	61.33
Net Cash Growth	-	-44.04%	2370.87%	-99.41%	164.05%	649.25%
Net Cash Per Share	0.32	0.16	0.29	0.01	4.11	2.02

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	49.12	32.87	45.55	-42.61	-94.4	-18.63
Capital Expenditures	-14.74	-37.45	-86.26	-175.46	-177.97	-13.78
Free Cash Flow	34.38	-4.58	-40.71	-218.07	-272.37	-32.41
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	16.24%	25.12%	41.31%	23.84%	2.76%	8.17%
Operating Margin	-30.71%	-10.80%	13.73%	-20.61%	-43.94%	-33.38%
Pretax Margin	-62.02%	-142.81%	3.33%	-19.19%	-45.87%	-30.50%
Profit Margin	-62.45%	-143.69%	2.96%	-19.19%	-45.87%	-30.50%
FCF Margin	17.01%	-1.69%	-8.99%	-91.35%	-151.01%	-26.65%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	72.88	-	-	-
Forward PE	-	66.51	25.24	144.99	144.99	144.99
PS Ratio	2.11	0.86	2.15	5.05	4.33	13.54