Aspen Aerogels, Inc. ASPN

5.22 (0.08) (1.51%) as of 25 Sep
Market cap
$440.7M
P/E
0.0×

Insider Decisions

Total sells 58.27
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 1 — — — — — — — — — 1
Insider Ownership 16.17%

Capital & Financial Ratios

Market Cap 440.67
Revenue 202.09
Net Income (126.20)
Free Cash Flow 34.38
Net Debt (59.83)
Current Ratio 2.52
Debt/Equity 0.49
P/E ratio 0.00
P/S ratio 2.14
P/B ratio 2.25
Past 5Y EPS Growth 14.58%
This Y EPS Growth 84.09%
Next Y EPS Growth 76.41%
Next 5Y EPS Growth (5.53%)
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 140 221 159 153
Receivables 70 109 35 40
Inventory 39 48 38 28
Other — — — —
266 409 242 248
2023 2024 2025 Q'26
Payables 51 44 13 21
ST’ Debt — 20 25 23
Other — 4 6 7
78 110 62 99
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 8.27% 22.01% 14.55%
Cash Flow 19.89% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 6.76% 28.26% (19.26%)

Revenue

Mar Jun Sep Dec Year
’26 38 50 — — —
’25 79 78 73 41 271
’24 95 118 117 123 453
’23 46 48 61 84 239
’22 38 46 37 60 180
’21 28 32 30 31 122
’20 28 25 24 23 100
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 34 (16) — — —
’25 6 (4) 15 16 33
’24 (18) 7 21 36 46
’23 (25) (8) (8) (3) (43)
’22 (23) (10) (37) (24) (94)
’21 (2) 1 (6) (12) (19)
’20 (1) (2) (2) (5) (10)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 33 (18) — — —
’25 (7) (17) 6 14 (5)
’24 (44) (18) 0 21 (41)
’23 (74) (74) (40) (31) (218)
’22 (37) (48) (104) (83) (272)
’21 (3) (1) (8) (20) (32)
’20 (2) (3) (2) (6) (13)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.29) (0.28) — — —
’25 (3.67) (0.11) (0.08) (0.88) (4.73)
’24 (0.02) 0.21 (0.17) 0.14 0.17
’23 (0.24) (0.22) (0.19) (0.01) (0.66)
’22 (0.59) (0.68) (0.75) (0.20) (2.10)
’21 (0.22) (0.23) (0.24) (0.50) (1.22)
’20 (0.13) (0.21) (0.25) (0.23) (0.83)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
3.38 3.84 1.60 2.13 4.09 15.21 7.93 5.33 10.75 2.80

Analyst estimates 2026–2028

Powerpack
Low Price
6.71 5.14 5.58 8.51 18.22 65.99 52.00 17.32 33.15 14.30
High Price
282 264 296 304 290 418 533 548 554 854
Employees
0 0 0 0 0 0 0 0 1 0
Revenue/Emp
118 112 104 139 100 122 180 239 453 271
Revenue
19.80% 16.73% 12.14% 18.86% 14.55% 8.17% 2.76% 23.84% 40.40% 16.97%
Gross Margin
(12) (19) (34) (15) (22) (37) (83) (46) 15 (387)
EBT
(10.21%) (17.31%) (33.00%) (10.45%) (21.75%) (30.50%) (45.87%) (19.19%) 3.33% (142.81%)
EBT Margin
(12) (19) (34) (15) (22) (37) (83) (46) 13 (390)
Net Income
10 11 11 10 10 9 14 21 31 49
Depreciation
5.09 4.77 4.40 5.78 3.80 4.00 4.58 3.44 5.84 3.29
Revenue/Sh
(0.52) (0.83) (1.45) (0.60) (0.83) (1.22) (2.10) (0.66) 0.17 (4.73)
Earnings/Sh
(0.02) (0.20) (0.36) (0.04) (0.38) (0.61) (2.40) (0.61) 0.59 0.40
Cash Flow/Sh
(0.57) (0.26) (0.15) (0.09) (0.13) (0.45) (4.52) (2.53) (1.11) (0.45)
Capex/Sh
(0.60) (0.46) (0.52) (0.13) (0.51) (1.06) (6.92) (3.14) (0.53) (0.06)
Free CF/Sh
4.99 4.32 2.96 2.45 2.57 4.22 11.37 7.03 7.93 2.86
Book Value/Sh
23 23 24 24 26 30 39 69 78 82
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.88 0.00
PE Ratio
0.84 1.04 0.48 1.34 4.39 12.46 2.20 4.46 2.03 0.86
PS Ratio
0.85 1.15 0.72 3.17 6.49 11.80 0.89 2.18 1.50 0.99
PB Ratio
0.68 0.98 0.49 1.37 4.26 11.95 1.23 4.36 1.89 0.68
EV/Sales
(5.82) (10.21) (4.20) (60.26) (32.04) (44.87) (0.81) (4.78) (21.04) (40.26)
EV/FCF
(1) (5) (9) (1) (10) (19) (94) (43) 46 33
Op' Cash Flow
(13) (6) (4) (2) (3) (14) (178) (175) (86) (37)
Capex
(14) (11) (12) (3) (13) (32) (272) (218) (41) (5)
FCF
32 26 14 15 33 76 291 188 299 180
Working Cap'
0 4 4 7 4 15 106 115 157 105
Total Debt
(18) (7) 1 4 (13) (61) (177) (25) (64) (54)
Net Debt
116 101 70 59 68 128 447 488 615 236
Sh' Equity
(8.75%) (14.95%) (30.91%) (14.38%) (21.71%) (26.46%) (20.02%) (6.80%) 1.67% (59.85%)
ROA
(7.19%) (12.72%) (29.81%) (14.10%) (24.50%) (37.83%) (18.29%) (6.64%) 6.19% (129.98%)
ROIC
(10.10%) (17.85%) (40.23%) (22.54%) (34.39%) (37.80%) (28.74%) (9.79%) 2.43% (91.64%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Aspen Aerogels, Inc. (ASPN) key facts

  • Aspen Aerogels, Inc. (ASPN) is a Building Products & Equipment company in the Industrials sector, listed on the New York Stock Exchange.
  • Aspen Aerogels, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $271.1 million, down 40.1% from fiscal 2024.
  • Aspen Aerogels, Inc. reported a net loss of $389.6 million, or a loss of $4.73 per share, for fiscal 2025.
  • As of September 25, 2026, ASPN traded at $5.22, a market capitalization of $440.7 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 2.1× sales.
  • Return on equity was −91.6% and debt-to-equity 0.49.

Source: company filings (standardised) and stockrow calculations.

Aspen Aerogels, Inc. (ASPN) Latest News

News by impact score

Fine-tune

9 Aug

3

Aspen Aerogels (ASPN) stock fair value rises after Q2 results improve segment visibility. Q2 visibility gains trigger fair value lift but signal no fundamental trajectory shift.

7 Aug

3

Aspen Aerogels Q2 earnings call covered financial results, operational updates, revenue figures, and forward guidance on growth initiatives and market positioning. Q2 earnings release and call deliver updated financial metrics and outlook that can shift near-term investor sentiment and valuation.

6 Aug

4 transcript

Aspen Aerogels reported Q2 2026 earnings call highlights with a strong Q3 outlook and European developments. Strong Q3 outlook combined with European expansion points to significant revenue growth and market gains.

3

Aspen Aerogels reported a Q2 loss while beating revenue estimates. Mixed Q2 earnings with a loss but revenue beat point to moderate short-term effects on stock and sentiment.

3

Aspen Aerogels reported second quarter 2026 financial results and recent business highlights. Quarterly earnings updates typically produce moderate effects on stock valuation and short-term sentiment.

28 Jun

3

Beerenberg prevails in patent case against Aspen Aerogels. Patent loss may impose damages or usage limits on Aspen Aerogels technology.

3 Jun

3

Aspen Aerogels, Inc. (ASPN) has been named a 2025 Supplier of the Year by General Motors. GM Supplier of the Year award boosts Aspen Aerogels' reputation with a key automotive customer and may support future orders.

14 May

4

Aspen Aerogels, Inc. (ASPN) has initiated a staged restart of its East Providence manufacturing facility to resume operations. Restarting the East Providence facility boosts production capacity and supports revenue growth amid rising demand for aerogel products.

9 May

4

Aspen Aerogels Q1 earnings call highlights key financial results, operational updates, and forward guidance for the company. Q1 earnings call highlights reveal significant financial performance and strategic updates that could alter investor sentiment and stock trajectory.

7 May

4

Aspen Aerogels, Inc. released Q1 2026 earnings call summary covering financial results, operational updates, and future outlook. Q1 2026 earnings summary delivers key financial metrics, guidance, and strategic insights poised to significantly sway stock performance and investor confidence.

4 transcript

Aspen Aerogels (ASPN) Q1 2026 earnings call transcript details first-quarter financial results, business performance, operational updates, and management's outlook for the aerogel insulation and EV battery markets. Q1 earnings transcript provides key financial metrics, guidance, and strategic insights that can significantly sway stock performance and investor confidence.

4

Aspen Aerogels, Inc. reported first quarter 2026 financial results and recent business highlights. Quarterly earnings reports with business highlights often drive significant shifts in stock price and long-term investor outlook.

3

Aspen Aerogels (ASPN) reported a Q1 net loss but beat revenue estimates. Q1 revenue beat despite net loss moderately influences financial performance and market sentiment.

21 Apr

4

Aspen Aerogels reports East Providence facility update: key manufacturing equipment installation for EV battery thermal barriers advancing on schedule, targeting commercial production start in Q1 2025. On-schedule facility ramp confirms de-risking of core EV market revenue growth, boosting future production capacity and investor confidence.

9 Apr

3

Aspen Aerogels issued an update on an incident at its East Providence facility. Incident at key manufacturing facility risks operational disruptions and short-term financial impacts.

27 Feb

3

B. Riley lowered its price target for Aspen Aerogels (ASPN) from $10 to $4. B. Riley's 60% price target cut signals bearish analyst sentiment, likely causing moderate short-term pressure on ASPN's stock price and investor confidence.

26 Feb

4

Aspen Aerogels released Q4 earnings call highlights covering financial results, operational updates, and forward guidance. Q4 earnings call highlights detail financial performance and strategic outlook with potential to significantly shift market perception and trajectory.

25 Feb

4

Aspen Aerogels Inc (ASPN) Q4 2025 earnings call highlights navigating operational challenges while seizing growth opportunities in key markets. Q4 2025 earnings highlights detail strategic responses to challenges and opportunity pursuits, likely driving significant shifts in financial trajectory and investor sentiment.

4

Aspen Aerogels, Inc. released Q4 2025 earnings call summary, detailing financial results, operational highlights, strategic updates, and forward guidance. Q4 earnings call summary discloses key financial metrics, growth strategies, and outlook shaping future performance and investor confidence.

4 transcript

Aspen Aerogels (ASPN) Q4 2025 earnings call transcript released, detailing quarterly financial results, operational updates, and forward guidance. Q4 2025 earnings transcript discloses key financial metrics, strategic initiatives, and outlook that can substantially influence investor sentiment and stock trajectory.

4

Aspen Aerogels reported Q4 results in its earnings snapshot. Q4 earnings snapshots reveal financial performance and guidance that significantly shape investor sentiment and stock trajectory.

4

Aspen Aerogels, Inc. (ASPN) reported fourth quarter and full-year 2025 financial results alongside recent business highlights. Quarterly and annual earnings releases directly drive stock volatility and shape investor expectations for future performance.

24 Jan

3

Aspen Aerogels, Inc. (ASPN) has experienced a significant 67% loss over the past year, but recent gains may provide some relief to institutional investors. The company's performance has been closely monitored as it navigates challenges in the market, and the recent uptick could signal a potential turnaround. Recent gains indicate a possible stabilization in performance, but the overall impact remains limited given the prior significant losses.

22 Jan

4

The Pyrogel insulation market is projected to reach US$ 803.89 million by 2035, driven by increased capacity expansion in high-temperature applications, according to Astute Analytica. This growth is expected to benefit companies involved in the production and application of Pyrogel insulation materials. The projected growth in the Pyrogel insulation market indicates significant opportunities for Aspen Aerogels, Inc. to enhance its market position and financial performance.

17 Dec

4

Aspen Aerogels, Inc. has announced an amendment to its MidCap Credit Facility, which is expected to enhance its financial flexibility and support its growth initiatives. The amendment includes adjustments to certain financial covenants and extends the maturity date, allowing the company to better manage its capital structure and operational needs. This strategic move aims to strengthen Aspen's position in the market and facilitate its ongoing projects. The amendment to the credit facility is a significant strategic move that enhances financial flexibility and supports growth initiatives.

1 Dec

3

Aspen Aerogels, Inc. (ASPN) shareholders have experienced a decline in their investments over the past year, with the stock price falling significantly. The company has faced challenges that have negatively impacted its market performance, leading to concerns among investors about its future prospects. The decline in stock price indicates a moderately noticeable influence on investor sentiment and financial performance.

10 Nov

4

Aspen Aerogels, Inc. (ASPN) has seen its stock plummet by 50.2% following a significant reduction in its revenue outlook and a shake-up in leadership. The company announced that it expects lower revenue for the upcoming quarter, prompting concerns among investors about its financial health and future performance. The leadership changes, which include the departure of key executives, have further fueled uncertainty regarding the company's strategic direction. Analysts are now closely monitoring the situation as Aspen navigates these challenges. The drastic revenue outlook cut and leadership changes are likely to significantly impact investor sentiment and the company's strategic trajectory.

9 Nov

4

Recent developments at Aspen Aerogels, Inc. highlight strategic initiatives aimed at enhancing product offerings and market positioning. The company is focusing on innovation in aerogel technology, which is expected to drive growth in various sectors, including energy and construction. Additionally, partnerships and collaborations are being pursued to expand market reach and improve operational efficiencies. These moves are anticipated to positively influence investor sentiment and the company's competitive landscape. Strategic initiatives and innovations are likely to significantly impact Aspen Aerogels' market positioning and future performance.

7 Nov

3

Aspen Aerogels, Inc. has cut its guidance and reported an asset impairment charge, raising concerns about its financial outlook. The company is facing challenges that may affect its market performance and investor sentiment. Analysts are closely monitoring the situation as these developments could impact future operations and growth prospects. The guidance cut and asset impairment charge are expected to moderately influence financial performance and market sentiment.

6 Nov

4

Aspen Aerogels, Inc. reported its Q3 earnings, highlighting key metrics that reflect the company's financial performance and operational efficiency. The results indicate growth in revenue and improvements in margins, driven by increased demand for its products. The company also provided guidance for future quarters, suggesting a positive outlook amid ongoing market challenges. Investors are encouraged by the strategic initiatives aimed at enhancing production capabilities and expanding market reach. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory.

stockrow.com/ASPN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com