Aspen Aerogels Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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 & Equivalents	173.87	156.86	220.88	139.72	281.34	76.56
Cash & Short-Term Investments	173.87	156.86	220.88	139.72	281.34	76.56
Cash Growth	-9.46%	-28.99%	58.09%	-50.34%	267.45%	364.14%
Accounts Receivable	36.44	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	210.31	242.05	409.45	266.33	369.69	112.15
Net Property, Plant & Equipment	22.88	122.55	480.13	434.44	271.21	69.31
Other Long-Term Assets	32.57	42.08	5.57	2.28	2.52	1.5
Total Assets	265.75	406.68	895.14	703.05	643.42	182.95
Accounts Payable	13.61	13.24	44.36	51.09	54.73	17.44
Accrued Expenses	17.97	12.95	36.5	22.81	16	10.82
Current Portion of Long-Term Debt	-	25.12	19.75	-	-	-
Current Portion of Leases	10.02	9.46	7.31	1.87	2.37	2.25
Unearned Revenue	21.97	1.26	2.2	2.32	5.85	1.32
Other Current Liabilities	-	-	-	-	-	4.73
Total Current Liabilities	63.57	62.03	110.11	78.1	78.95	36.56
Long-Term Debt	7.06	79.8	137.09	114.99	103.58	-
Long-Term Leases	26.26	29.34	33.24	21.91	13.46	12.99
Other Long-Term Liabilities	14.61	-	-	-	-	5
Total Long-Term Liabilities	47.93	109.14	170.33	136.9	117.04	17.99
Total Liabilities	111.5	171.16	280.44	214.99	195.98	54.55
Additional Paid-in Capital	1,287	1,285	1,275	1,162	1,075	673.46
Retained Earnings	-1,073	-1,050	-660.23	-673.6	-627.79	-545.05
Shareholders' Equity	213.5	235.52	614.71	488.06	447.44	128.41
Total Liabilities & Equity	410.48	406.68	895.14	703.05	643.42	182.95
Total Debt	43.35	143.71	197.38	138.77	119.4	15.24
Net Cash (Debt)	130.52	13.15	23.5	0.95	161.93	61.33
Net Cash Growth	892.56%	-44.04%	2370.87%	-99.41%	164.05%	649.25%
Net Cash Per Share	1.58	0.16	0.29	0.01	4.11	2.02
Book Value	213.5	235.52	614.71	488.06	447.44	128.41
Book Value Per Share	2.59	2.86	7.65	7.03	11.37	4.22
Tangible Book Value	213.5	235.52	614.71	488.06	447.44	128.41
Tangible Book Value Per Share	2.59	2.86	7.65	7.03	11.37	4.22

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q