Aspen Aerogels, Inc.
ASPN Industrials Building Products & Equipment
Aspen Aerogels, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $271.1 million, down 40.1% from fiscal 2024. In the quarter to June 2026, revenue fell 36.1%, EPS fell 154.6%, free cash flow fell 7.06% and total debt fell 29.2%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
18.09 | 10.69 | 3.33 | 3.63 | 16.50 | 76.56 | 282.56 | 139.97 | 221.28 | 158.57 |
Receivables |
17.54 | 26.76 | 25.57 | 32.25 | 15.70 | 20.43 | 57.35 | 70.00 | 109.10 | 35.27 |
Inventory |
12.87 | 8.92 | 7.32 | 8.77 | 13.10 | 11.99 | 22.54 | 39.19 | 47.55 | 38.25 |
Total current assets |
50.19 | 47.66 | 37.25 | 45.77 | 47.12 | 112.15 | 369.69 | 266.33 | 409.45 | 242.05 |
Property, Plant, Equpment (Net) |
84.39 | 76.07 | 61.70 | 53.62 | 46.74 | 55.78 | 259.22 | 417.23 | 459.28 | 98.40 |
Long-term assets (Other) |
0.09 | 0.09 | 0.07 | 0.08 | 0.08 | 1.50 | 2.52 | 2.28 | 5.57 | 42.08 |
Total non-current assets |
84.48 | 76.15 | 61.77 | 57.73 | 50.30 | 70.80 | 273.73 | 436.72 | 485.70 | 164.63 |
Total Assets |
134.67 | 123.82 | 99.02 | 103.50 | 97.42 | 182.95 | 643.42 | 703.05 | 895.14 | 406.68 |
Accounts Payable |
13.07 | 10.65 | 12.39 | 12.60 | 5.35 | 17.44 | 54.73 | 51.09 | 44.36 | 13.24 |
Accrued Expenses |
3.99 | 5.86 | 3.86 | 8.06 | 3.88 | 10.82 | 16.00 | 22.81 | 36.50 | 12.95 |
Current Part of Debt |
0.04 | 3.75 | 4.18 | 3.12 | 1.61 | 2.25 | 2.37 | — | 19.75 | 25.12 |
Current Part of Capital Lease |
0.04 | — | — | — | — | — | — | — | — | — |
Current Revenue (Deferred) |
1.04 | 1.30 | 2.63 | 5.62 | 2.04 | 1.32 | 5.85 | 2.32 | 2.20 | 1.26 |
Other current liabilities |
5.03 | 7.17 | 6.49 | 13.68 | 5.92 | 4.73 | 21.85 | — | 4.03 | 6.21 |
Total current liabilities |
18.13 | 21.57 | 23.07 | 30.43 | 13.93 | 36.56 | 78.95 | 78.10 | 110.11 | 62.03 |
Long Term Debt (Total) |
0.00 | — | — | 4.29 | 2.06 | 12.99 | 103.58 | 114.99 | 137.09 | 79.80 |
Non-current Revenue (Deferred) |
0.97 | 1.30 | 1.22 | — | — | — | — | — | — | — |
Non-current Liabilities (Other) |
0.97 | 1.30 | 4.49 | 9.79 | 9.99 | 5.00 | — | — | 10.09 | 8.20 |
Total non-current liabilities |
0.98 | 1.30 | 5.70 | 14.08 | 15.65 | 17.99 | 117.04 | 136.90 | 170.33 | 109.14 |
Total liabilities |
19.11 | 22.87 | 28.77 | 44.51 | 29.57 | 54.55 | 195.98 | 214.99 | 280.44 | 171.16 |
Additional Paid In Capital |
533.09 | 538.09 | 541.84 | 545.14 | 575.81 | 673.46 | 1,075.23 | 1,161.66 | 1,274.93 | 1,285.30 |
Retained Earnings |
(417.52) | (437.14) | (471.58) | (486.15) | (507.96) | (545.05) | (627.79) | (673.60) | (660.23) | (1,049.78) |
Common Equity (Total) |
115.56 | 100.94 | 70.25 | 58.99 | 67.85 | 128.41 | 447.43 | 488.06 | 614.71 | 235.52 |
Shareholders Equity (Total) |
115.56 | 100.94 | 70.25 | 58.99 | 67.85 | 128.41 | 447.44 | 488.06 | 614.71 | 235.52 |
Shareholders Equity and Liabilities (Total) |
134.67 | 123.82 | 99.02 | 103.50 | 97.42 | 182.95 | 643.42 | 703.05 | 895.14 | 406.68 |
Shares (Common) |
23.37 | 23.64 | 23.97 | 24.30 | 27.82 | 33.22 | 70.00 | 76.50 | 82.04 | 82.71 |
Shareholders Equity (Tangible) |
115.56 | 100.94 | 70.25 | 58.99 | 67.85 | 128.41 | 447.44 | 488.06 | 614.71 | 235.52 |
Net Debt |
(18.05) | (6.94) | 0.85 | 3.78 | (12.83) | (61.33) | (176.61) | (24.98) | (64.43) | (53.65) |
Total Debt |
0.04 | 3.75 | 4.18 | 7.42 | 3.67 | 15.24 | 105.95 | 114.99 | 156.84 | 104.92 |