Aspen Aerogels, Inc. (ASPN)

Aspen Aerogels Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	151.71	156.86	220.88	139.72	281.34	76.56
Cash & Short-Term Investments	151.71	156.86	220.88	139.72	281.34	76.56
Cash Growth	-9.49%	-28.99%	58.09%	-50.34%	267.45%	364.14%
Accounts Receivable	40.28	35.27	109.1	70	57.35	20.43
Other Receivables	-	-	2.2	2.2	-	-
Receivables	40.28	35.27	111.3	72.2	57.35	20.43
Inventory	27.95	38.25	47.55	39.19	22.54	11.99
Prepaid Expenses	25.49	9.93	28.68	14.98	7.24	2.78
Restricted Cash	1.71	1.71	0.39	0.25	1.23	-
Other Current Assets	1.36	0.04	0.64	-	-	0.39
Total Current Assets	248.49	242.05	409.45	266.33	369.69	112.15
Property, Plant & Equipment	105.42	122.55	480.13	434.44	271.21	69.31
Long-Term Deferred Charges	6.82	8.71	4.3	-	-	0.64
Other Long-Term Assets	32.2	33.37	1.27	2.28	2.52	0.86
Total Assets	392.94	406.68	895.14	703.05	643.42	182.95

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	20.96	13.24	44.36	51.09	54.73	17.44
Accrued Expenses	19.13	12.95	36.5	22.81	16	10.82
Current Portion of Long-Term Debt	23.35	25.12	19.75	-	-	-
Current Portion of Leases	9.68	9.46	7.31	1.87	2.37	2.25
Current Unearned Revenue	25.53	1.26	2.2	2.32	5.85	1.32
Other Current Liabilities	-	-	-	-	-	4.73
Total Current Liabilities	98.65	62.03	110.11	78.1	78.95	36.56
Long-Term Debt	67.86	79.8	137.09	114.99	103.58	-
Long-Term Leases	24.23	29.34	33.24	21.91	13.46	12.99
Other Long-Term Liabilities	-	-	-	-	-	5
Total Liabilities	200.47	171.16	280.44	214.99	195.98	54.55

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Additional Paid-In Capital	1,289	1,285	1,275	1,162	1,075	673.46
Retained Earnings	-1,097	-1,050	-660.23	-673.6	-627.79	-545.05
Shareholders' Equity	192.46	235.52	614.71	488.06	447.44	128.41
Total Liabilities & Equity	392.94	406.68	895.14	703.05	643.42	182.95

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
Filing Date Shares Outstanding	82.99	82.83	82.06	76.66	70.07	33.23
Total Common Shares Outstanding	82.99	82.71	82.04	76.5	69.99	33.22
Working Capital	149.85	180.03	299.34	188.24	290.74	75.6
Book Value Per Share	2.32	2.85	7.49	6.38	6.39	3.87
Tangible Book Value	192.46	235.52	614.71	488.06	447.44	128.41
Tangible Book Value Per Share	2.32	2.85	7.49	6.38	6.39	3.87
Buildings	27.05	27.05	27.03	25.47	24.02	24.02
Machinery	220.02	232.38	211.58	194.83	146.85	136.67
Construction In Progress	12.27	9.26	352.57	314.7	209.06	13.46
Leasehold Improvements	25.56	25.56	24.84	23.51	9.23	3.32

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

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