Aspen Aerogels Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	156.86	220.88	139.72	281.34	76.56
Cash & Short-Term Investments	156.86	220.88	139.72	281.34	76.56
Cash Growth	-28.99%	58.09%	-50.34%	267.45%	364.14%
Accounts Receivable	35.27	109.1	70	57.35	20.43
Inventory	38.25	47.55	39.19	22.54	11.99
Other Current Assets	11.68	31.91	17.42	8.46	3.17
Total Current Assets	242.05	409.45	266.33	369.69	112.15
Net Property, Plant & Equipment	122.55	480.13	434.44	271.21	69.31
Other Long-Term Assets	42.08	5.57	2.28	2.52	1.5
Total Assets	406.68	895.14	703.05	643.42	182.95
Accounts Payable	13.24	44.36	51.09	54.73	17.44
Accrued Expenses	12.95	36.5	22.81	16	10.82
Current Portion of Long-Term Debt	25.12	19.75	-	-	-
Current Portion of Leases	9.46	7.31	1.87	2.37	2.25
Unearned Revenue	1.26	2.2	2.32	5.85	1.32
Other Current Liabilities	-	-	-	-	4.73
Total Current Liabilities	62.03	110.11	78.1	78.95	36.56
Long-Term Debt	79.8	137.09	114.99	103.58	-
Long-Term Leases	29.34	33.24	21.91	13.46	12.99
Other Long-Term Liabilities	-	-	-	-	5
Total Long-Term Liabilities	109.14	170.33	136.9	117.04	17.99
Total Liabilities	171.16	280.44	214.99	195.98	54.55
Additional Paid-in Capital	-	1,275	1,162	1,075	673.46
Retained Earnings	-	-660.23	-673.6	-627.79	-545.05
Shareholders' Equity	235.52	614.71	488.06	447.44	128.41
Total Liabilities & Equity	406.68	895.14	703.05	643.42	182.95
Total Debt	143.71	197.38	138.77	119.4	15.24
Net Cash (Debt)	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	0.16	0.29	0.01	4.11	2.02
Book Value	235.52	614.71	488.06	447.44	128.41
Book Value Per Share	2.86	7.65	7.03	11.37	4.22
Tangible Book Value	235.52	614.71	488.06	447.44	128.41
Tangible Book Value Per Share	2.86	7.65	7.03	11.37	4.22

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q