Aspen Aerogels financials
$5.22+0.97%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $271.1M | $452.7M | $238.7M | $180.4M | $121.6M | $100.3M | $139.4M | $104.4M | $111.6M | $117.7M |
| Gross profit | $46.0M | $182.9M | $56.9M | $5.0M | $9.9M | $14.6M | $26.3M | $12.7M | $18.7M | $23.3M |
| Gross margin | 17.0% | 40.4% | 23.8% | 2.8% | 8.2% | 14.6% | 18.9% | 12.1% | 16.7% | 19.8% |
| Operating income | -$360.1M | $54.5M | -$49.2M | -$79.2M | -$40.6M | -$21.6M | -$14.2M | -$33.9M | -$19.1M | -$11.2M |
| Net income | -$389.6M | $13.4M | -$45.8M | -$82.7M | -$37.1M | -$21.8M | -$14.6M | -$34.4M | -$19.3M | -$12.0M |
| Net margin | −143.7% | 3.0% | −19.2% | −45.9% | −30.5% | −21.7% | −10.5% | −33.0% | −17.3% | −10.2% |
| Diluted EPS | $-4.73 | $0.17 | $-0.66 | $-2.10 | $-1.22 | $-0.83 | $-0.60 | $-1.45 | $-0.83 | $-0.52 |
| EBITDA | -$6.2M | $80.6M | -$33.9M | -$70.0M | -$31.2M | -$11.4M | -$3.9M | -$15.8M | -$8.4M | -$1.4M |
| Operating cash flow | $32.9M | $45.5M | -$42.6M | -$94.4M | -$18.6M | -$9.9M | -$1.1M | -$8.7M | -$4.6M | -$578.0K |
| Free cash flow | -$4.6M | -$40.7M | -$218.1M | -$272.4M | -$32.4M | -$13.3M | -$3.2M | -$12.2M | -$10.7M | -$13.8M |
| Diluted shares | 82.3M | 80.3M | 69.4M | 39.4M | 30.4M | 26.4M | 24.1M | 23.7M | 23.4M | 23.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $156.9M | $220.9M | $139.7M | $281.3M | $76.6M | $16.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $119.3M | $160.9M | $0.00 | $103.6M | $0.00 | $3.7M |
| Total assets | $406.7M | $895.1M | $703.0M | $643.4M | $183.0M | $97.4M |
| Total liabilities | $171.2M | $280.4M | $215.0M | $196.0M | $54.5M | $29.6M |
| Shareholders' equity | $235.5M | $614.7M | $488.1M | $447.4M | $128.4M | $67.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology