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ASPN (Aspen Aerogels, Inc.) Stock Financials & Earnings | Market Cap Arena
ASPN
Aspen Aerogels, Inc.
Mkt Cap
$270M
Industrials
·
Construction
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$271M
Net Income (TTM)
-$390M
EPS (TTM)
-$4.74
Free Cash Flow (TTM)
-$18M
Gross Margin
17.0%
Op. Margin
-19.0%
Net Margin
-143.7%
FCF Margin
-6.7%
P/S Ratio (TTM)
1.0x
P/E Ratio (TTM)
—
YoY Rev Growth
-40.1%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$46M
$5M
-$19M
Q2 23
$48M
$8M
-$17M
Q3 23
$61M
$14M
-$15M
Q4 23
$84M
$30M
$1M
Q1 24
$95M
$35M
$2M
Q2 24
$118M
$52M
$20M
Q3 24
$117M
$49M
$17M
Q4 24
$123M
$47M
$15M
Q1 25
$79M
$23M
-$299M
Q2 25
$78M
$25M
-$5M
Q3 25
$73M
$21M
-$3M
Q4 25
$41M
-$23M
$256M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.4x
—
Q2 23
1.4x
—
Q3 23
1.3x
—
Q4 23
1.1x
—
Q1 24
0.9x
—
Q2 24
0.8x
194.3x
Q3 24
0.7x
180.9x
Q4 24
0.6x
20.2x
Q1 25
0.6x
—
Q2 25
0.7x
—
Q3 25
0.8x
—
Q4 25
1.0x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$25M
-$74M
Q2 23
-$8M
-$74M
Q3 23
-$8M
-$40M
Q4 23
-$3M
-$31M
Q1 24
-$18M
-$44M
Q2 24
$7M
-$18M
Q3 24
$21M
-$50K
Q4 24
$36M
$21M
Q1 25
$6M
-$7M
Q2 25
-$4M
-$17M
Q3 25
$15M
$6M
Q4 25
$0
$0
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$49M
Q2 23
$66M
Q3 23
$32M
Q4 23
$28M
Q1 24
$26M
Q2 24
$25M
Q3 24
$21M
Q4 24
$15M
Q1 25
$13M
Q2 25
$13M
Q3 25
$9M
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+18.7%
+13.1%
Q2 23
+5.5%
-4.5%
Q3 23
+65.5%
+16.0%
Q4 23
+41.3%
+19.6%
Q1 24
+107.3%
+42.7%
Q2 24
+144.5%
+50.0%
Q3 24
+93.1%
+32.6%
Q4 24
+46.2%
+30.8%
Q1 25
-16.7%
+310.6%
Q2 25
-33.7%
-14.9%
Q3 25
-37.8%
-23.6%
Q4 25
-66.4%
-298.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$3M
5.6%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$5M
5.0%
Q2 24
$3M
2.5%
Q3 24
$3M
2.2%
Q4 24
$3M
2.1%
Q1 25
$2M
2.5%
Q2 25
$3M
4.1%
Q3 25
$3M
3.6%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$4M
$12M
$8M
Q2 23
$4M
$13M
$8M
Q3 23
$4M
$16M
$8M
Q4 23
$4M
$15M
$9M
Q1 24
$4M
$17M
$8M
Q2 24
$5M
$18M
$10M
Q3 24
$5M
$18M
$9M
Q4 24
$4M
$19M
$9M
Q1 25
$4M
$13M
$8M
Q2 25
$4M
$14M
$7M
Q3 25
$2M
$14M
$7M
Q4 25
$3M
$15M
$6M
marketcaparena.com
Revenue Segments
Energy Industrial
Thermal Barrier
Quarter
Energy Industrial
Thermal Barrier
Q2 23
$36M
$13M
Q3 23
$28M
$33M
Q1 24
$29M
$65M
Q2 24
$37M
$81M
Q3 24
$27M
$91M
Q1 25
$30M
$49M
Q2 25
$23M
$55M
Q3 25
$24M
$49M
marketcaparena.com
Revenue by Geography
Asia
Canada
Europe
Latin America
United States
Quarter
Asia
Canada
Europe
Latin America
United States
Q1 23
$12M
$324K
$5M
$2M
$26M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$208M
$0
$208M
Q2 23
$134M
$0
$134M
Q3 23
$95M
$0
$95M
Q4 23
$140M
$0
$140M
Q1 24
$101M
$0
$101M
Q2 24
$91M
$0
$91M
Q3 24
$113M
$0
$113M
Q4 24
$221M
$0
$221M
Q1 25
$192M
$0
$192M
Q2 25
$168M
$0
$168M
Q3 25
$151M
$0
$151M
Q4 25
$157M
$0
$157M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
69M
+40.6%
Q2 23
69M
+0.1%
Q3 23
69M
+0.1%
Q4 23
70M
+1.0%
Q1 24
76M
+8.2%
Q2 24
79M
+4.2%
Q3 24
76M
-3.4%
Q4 24
83M
+8.8%
Q1 25
82M
-1.1%
Q2 25
82M
+0.1%
Q3 25
82M
+0.3%
Q4 25
83M
+0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$420K
244
FY 15
$447K
274
FY 16
$419K
281
FY 17
$424K
263
FY 18
$354K
295
FY 19
$460K
303
FY 20
$346K
290
FY 21
$291K
418
FY 22
$338K
533
FY 23
$436K
548
FY 24
$817K
554
FY 25
$489K
554
marketcaparena.com