Aspen Aerogels Inc
ASPN NYSE· Wholesale-Lumber & Other Construction Materials
Last close · Oct 23, 2026
$5.52
KIRA · Stoqly’s AI analyst, in plain words
- Aspen Aerogels Inc had $271M of revenue in fiscal 2025, down 40.1% on the year before. Over five years, revenue changed +22.0% a year on average.
- Its operating margin was −139.5%, down 151.6 pts: of every 100 in sales, about −140 is left after running the business.
- Aspen Aerogels Inc lost $390M in fiscal 2025.
- Free cash flow was −$4.6M in fiscal 2025, −1.7% of revenue.
- Aspen Aerogels Inc has $86.4M more cash than debt.
Market cap
$458M
P/E
—
Revenue
$271M
Net income
−$390M
Free cash flow
−$4.6M
Operating margin
−139.5%
Aspen Aerogels Inc in 30 seconds · fiscal 2025
Are sales growing?
−40.1%
No. Sales fell 40.1% last year.
Does it make a profit?
−143.7%
No. It lost money last year.
Does profit turn into cash?
−1.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Aspen Aerogels Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- ASPEN AEROGELS INC
- CIK
- 0001145986
Aspen Aerogels Inc · ASPN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $122M | $180M | $239M | $453M | $271M |
| Revenue growth | 21.3% | 48.3% | 32.4% | 89.6% | −40.1% |
| Net interest income | −$3.5M | $1.7M | $8.7M | $5.7M | $7.5M |
| Gross margin | 8.2% | 2.8% | 23.8% | 40.4% | 17.0% |
| Operating margin | −33.4% | −43.9% | −20.6% | 12.0% | −139.5% |
| Net income | −$37.1M | −$82.7M | −$45.8M | $13.4M | −$390M |
| Net margin | −30.5% | −45.9% | −19.2% | 3.0% | −143.7% |
| Diluted EPS | −$1.22 | −$2.10 | −$0.66 | $0.17 | −$4.73 |
| Cash | |||||
| Cash from operations | −$18.6M | −$94.4M | −$42.6M | $45.5M | $32.9M |
| Capital expenditure | $13.8M | $178M | $175M | $86.3M | $37.4M |
| Free cash flow | −$32.4M | −$272M | −$218M | −$40.7M | −$4.6M |
| FCF margin | −26.6% | −151.0% | −91.3% | −9.0% | −1.7% |
| Share count change | 15.4% | 29.3% | 76.4% | 15.7% | 2.5% |
| Debt and strength | |||||
| Cash and short-term investments | $76.6M | $281M | $140M | $221M | $157M |
| Debt incl. finance leases | — | — | — | $115M | $70.5M |
| Shareholders' equity | $128M | $447M | $488M | $615M | $236M |
| Net debt / EBITDA | — | — | — | −1.4x | — |
| Current ratio | 3.1x | 4.7x | 3.4x | 3.7x | 3.9x |
| Returns and quality | |||||
| Return on capital | — | — | — | 9.5% | −207.3% |
| Return on equity | −37.8% | −28.7% | −9.8% | 2.4% | −91.6% |
| Return on tangible equity | −28.9% | −18.5% | −9.4% | 2.2% | −165.4% |
| Piotroski F-score | 2 | 2 | 4 | 7 | 4 |
| Altman Z'' | −6.0 | 1.4 | 0.5 | 2.5 | −10.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$58.3M
2 insiders
Of sales under plans
0%
$0.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Aspen Aerogels Inc · ASPN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $5.52 a share, the company is worth $458M.
Source: SEC EDGAR XBRL filings (CIK 0001145986). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.