Aspen Aerogels Inc (ASPN)

Name: Aspen Aerogels Inc Financial Statements
Creator: Quarter Results

Industrials | Construction

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$37.9M

Net Income

-$23.7M

Operating Margin

-53.9%

Free Cash Flow

-$4.6M

Debt / Assets

42.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Aspen Aerogels Inc (ASPN).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	37,884,000	78,723,000	123,088,000	117,340,000
Cost of Revenue	33,608,000	55,911,000	75,955,000	68,297,000
Gross Profit	4,276,000	22,812,000	47,133,000	49,043,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	21,959,000	21,418,000	27,207,000	27,052,000
Operating Expenses	24,683,000	322,153,000	32,420,000	31,643,000
Operating Income	-20,407,000	-299,341,000	14,713,000	17,400,000
Interest Expense	-3,151,000	1,962,000	3,526,000	2,616,000
Income Before Tax	-23,944,000	-300,173,000	11,187,000	-12,703,000
Income Tax Expense	-253,000	1,076,000	-175,000	267,000
Net Income	-23,691,000	-301,249,000	11,362,000	-13,000,000
Per Share
EPS	-0.29	-3.67	0.14	-0.17
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Aspen Aerogels Inc (ASPN).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	271,103,000	452,699,000	238,718,000	180,364,000	121,622,000
Cost of Revenue	225,105,000	269,802,000	181,797,000	175,388,000	111,685,000
Gross Profit	45,998,000	182,897,000	56,921,000	4,976,000	9,937,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	40,912,105,000	106,802,000	89,768,000	67,291,000	39,095,000
Operating Expenses	97,390,000	128,362,000	106,124,000	84,221,000	50,536,000
Operating Income	-51,392,000	54,535,000	-49,203,000	-79,245,000	-40,599,000
Interest Expense	6,057,663,000	11,959,000	5,328,000	5,110,000	229,000
Income Before Tax	-387,158,000	15,089,000	-45,811,000	-82,738,000	-37,094,000
Income Tax Expense	2,394,000	1,714,000	0	3,493,000	0
Net Income	-389,552,000	13,375,000	-45,811,000	-86,231,000	-37,094,000
Per Share
EPS	-4.74	0.17	-0.66	-2.19	-1.41
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Aspen Aerogels Inc (ASPN).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	156,857,000	220,882,000	139,723,000	281,335,000
Short Term Investments	0	0	0	0
Net Receivables	35,270,000	109,104,000	69,995,000	57,350,000
Inventory	38,249,000	47,551,000	39,189,000	22,538,000
Total Current Assets	242,053,000	409,448,000	266,331,000	369,685,000
Property Plant Equipment	122,545,000	480,130,000	434,439,000	274,367,000
Goodwill and Intangibles	0	0	0	0
Total Assets	406,679,000	895,144,000	703,048,000	646,570,000
Liabilities
Account Payables	13,243,000	44,361,000	51,094,000	54,728,000
Short Term Debt	34,571,000	27,057,000	1,874,000	2,753,000
Total Current Liabilities	62,025,000	110,112,000	78,095,000	79,330,000
Long Term Debt	109,136,000	170,327,000	114,992,000	123,902,000
Total Liabilities	171,161,000	280,439,000	214,993,000	203,232,000
Shareholders Equity
Retained Earnings	-1,049,779,000	-660,227,000	-673,602,000	-627,791,000
Total Shareholders Equity	235,518,000	614,705,000	488,055,000	447,435,000

Balance sheet annual history for Aspen Aerogels Inc (ASPN).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	156,857,000	220,882,000	139,723,000	281,335,000	76,564,000
Short Term Investments	0	0	0	0	0
Net Receivables	35,270,000	109,104,000	69,995,000	57,350,000	20,426,000
Inventory	38,249,000	47,551,000	39,189,000	22,538,000	11,987,000
Total Current Assets	242,053,000	409,448,000	266,331,000	369,685,000	112,150,000
Property Plant Equipment	122,545,000	480,130,000	434,439,000	274,367,000	69,309,000
Goodwill and Intangibles	0	0	0	0	0
Total Assets	406,679,000	895,144,000	703,048,000	646,570,000	182,954,000
Liabilities
Account Payables	13,243,000	44,361,000	51,094,000	54,728,000	17,440,000
Short Term Debt	34,571,000	27,057,000	1,874,000	2,753,000	2,247,000
Total Current Liabilities	62,025,000	110,112,000	78,095,000	79,330,000	36,555,000
Long Term Debt	109,136,000	170,327,000	114,992,000	123,902,000	12,991,000
Total Liabilities	171,161,000	280,439,000	214,993,000	203,232,000	54,546,000
Shareholders Equity
Retained Earnings	-1,049,779,000	-660,227,000	-673,602,000	-627,791,000	-545,053,000
Total Shareholders Equity	235,518,000	614,705,000	488,055,000	447,435,000	128,408,000

Cash flow quarterly history for Aspen Aerogels Inc (ASPN).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-389,552,000	13,375,000	-45,811,000	-82,738,000
Depreciation & Amortization	45,157,000	22,526,000	18,177,000	9,222,000
Stock Based Compensation	8,628,000	12,855,000	10,954,000	9,385,000
Change in Working Capital	48,558,000	-50,958,000	-31,167,000	-38,165,000
Operating Cash Flow	32,872,000	45,549,000	-42,612,000	-94,399,000
Investing Activities
Capital Expenditure	-37,449,000	-86,262,000	-175,455,000	-177,974,000
Investments	-37,449,000	-86,262,000	-175,455,000	-177,974,000
Investing Cash Flow	-37,449,000	-86,262,000	-175,455,000	-177,974,000
Financing Activities
Debt Repayment	-59,230,000	25,586,000	-623,000	-99,815,000
Common Stock Issued/Repurchased	1,866,000	93,840,000	76,100,000	388,935,000
Dividends Paid	0	0	0	-97,453,000
Financing Cash Flow	-58,129,000	122,018,000	75,477,000	478,370,000
Summary
Free Cash Flow	-4,577,000	-40,713,000	-218,067,000	-272,373,000
Net Change in Cash	-62,706,000	81,305,000	-142,590,000	205,997,000

Cash flow annual history for Aspen Aerogels Inc (ASPN).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-389,552,000	13,375,000	-45,811,000	-82,738,000	-37,094,000
Depreciation & Amortization	45,157,000	22,526,000	18,177,000	9,222,000	9,440,000
Stock Based Compensation	8,628,000	12,855,000	10,954,000	9,385,000	5,176,000
Change in Working Capital	48,558,000	-50,958,000	-31,167,000	-38,165,000	6,033,000
Operating Cash Flow	32,872,000	45,549,000	-42,612,000	-94,399,000	-18,628,000
Investing Activities
Capital Expenditure	-37,449,000	-86,262,000	-175,455,000	-177,974,000	-13,778,000
Investments	-37,449,000	-86,262,000	-175,455,000	-177,974,000	0
Investing Cash Flow	-37,449,000	-86,262,000	-175,455,000	-177,974,000	-13,778,000
Financing Activities
Debt Repayment	-59,230,000	25,586,000	-623,000	-99,815,000	0
Common Stock Issued/Repurchased	1,866,000	93,840,000	76,100,000	388,935,000	75,000,000
Dividends Paid	0	0	0	-97,453,000	0
Financing Cash Flow	-58,129,000	122,018,000	75,477,000	478,370,000	92,474,000
Summary
Free Cash Flow	-4,577,000	-40,713,000	-218,067,000	-272,373,000	-32,406,000
Net Change in Cash	-62,706,000	81,305,000	-142,590,000	205,997,000	60,068,000