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Aspen Aerogels, Inc.(ASPN)Earnings, Financials & Key Ratios
ASPN•NYSE
$5.14
Price updated Jul 7, 2026
AboutAspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production. It also offers Spaceloft Grey and Spaceloft A2 for use in the building materials market; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.Show more
- Revenue$271M-40.1%
- EBITDA-$6M-107.9%
- Net Income-$390M-3012.5%
- EPS (Diluted)-4.74-2888.2%
- Gross Margin16.97%-58.0%
- EBITDA Margin-2.3%-113.2%
- Operating Margin-18.96%-257.4%
- Net Margin-143.69%-4963.5%
- ROE-91.64%-3877.7%
ASPN Price & Volume
Aspen Aerogels, Inc. (ASPN) stock price & volume — 10-year historical chart
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Strategic Pivot Strains Margins Amid Revenue Contraction
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Manufacturing scale-up execution risk
Key Thesis Takeaways
- Aspen Aerogels is currently navigating a high-risk transition from legacy industrial projects to the volatile electric vehicle thermal barrier market, which has resulted in a 51.9% year-over-year revenue decline as of 2026Q1.
- While the company maintains a $175.6M cash position to support its operational runway, the significant deterioration of gross margins to 11.3% underscores the substantial execution risks inherent in scaling specialized manufacturing.
- Investors should monitor whether the firm can stabilize its operating margin, which currently sits at -53.9%, before committing capital to this capital-intensive growth narrative.
Verdict Logic
the company's fundamental instability is highlighted by a -62.5% net margin and a volatile revenue trajectory that has seen a 51.9% decline in the most recent quarter.
ASPN Growth Metrics
Aspen Aerogels, Inc. (ASPN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.27%
5 Years22.01%
3 Years14.55%
TTM-47.3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM60.85%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM61.03%
Return on Capital
10 Years-17.87%
5 Years-13.45%
3 Years-3.21%
Last Year-9.1%
ASPN Recent Earnings
Aspen Aerogels, Inc. (ASPN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.28-3.7%
$0.27
Rev
$38M+3.6%
$37M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.34-25.9%
$0.27
Rev
$41M-6.7%
$44M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.06+72.1%
$0.21
Rev
$73M+64.4%
$44M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.04+66.7%
$0.12
Rev
$78M+10.7%
$70M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.28vs $0.27-3.7% | $38Mvs $37M+3.6% |
| Q1 2026 | Feb 25, 2026 | $0.34vs $0.27-25.9% | $41Mvs $44M-6.7% |
| Q4 2025 | Nov 6, 2025 | $0.06vs $0.21+72.1% | $73Mvs $44M+64.4% |
| Q3 2025 | Aug 7, 2025 | $0.04vs $0.12+66.7% | $78Mvs $70M+10.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Aspen Aerogels, Inc. (ASPN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.14 | $425.99M | -1.08 | -40.11% | -143.69% | -91.64% | — | |
| $170.83 | $2.77B | 25.23 | 11.54% | 4.14% | 18.68% | — | |
| $85.44 | $4.85B | 17.09 | -4.99% | 4.27% | 8.41% | — | |
| $247.20 | $5.14B | 69.05 | 6.05% | 3.99% | 8.17% | — | |
| $142.22 | $11.45B | -22.72 | -7.95% | -5.42% | -12.38% | — | |
| $155.36 | $6.63B | 21.94 | 12.11% | 18.59% | 34.81% | — |
Compare ASPN vs Peers
Aspen Aerogels, Inc. (ASPN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASPN SEC Filings & Documents
Aspen Aerogels, Inc. (ASPN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ASPN Frequently Asked Questions
Aspen Aerogels, Inc. (ASPN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Aspen Aerogels, Inc.'s revenue?
Aspen Aerogels, Inc. (ASPN) reported $230.3M in revenue for fiscal year 2025. This represents a 705% increase from $28.6M in 2009.
How fast is Aspen Aerogels, Inc. growing?
Aspen Aerogels, Inc. (ASPN) saw revenue decline by 40.1% over the past year.
Is ASPN profitable?
Aspen Aerogels, Inc. (ASPN) reported a net loss of $112.0M for fiscal year 2025.
Dividend & Returns
What is ASPN's return on equity?
Aspen Aerogels, Inc. (ASPN) has a return on equity (ROE) of -91.6%. Negative ROE indicates the company is unprofitable.
What is Aspen Aerogels, Inc.'s free cash flow?
Aspen Aerogels, Inc. (ASPN) generated $35.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.