ASPN
Aspen Aerogels Inc
NYSE: ASPN · INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT
$3.71
+2.77% today
Updated 2026-04-30
Market cap
$289.89M
P/E ratio
—
P/S ratio
1.07x
EPS (TTM)
$-4.73
Dividend yield
—
52W range
$2 – $10
Volume
1.6M
Aspen Aerogels Inc (ASPN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.62M | $43.21M | $45.95M | $63.45M | $86.09M | $102.40M | $122.52M | $117.74M | $111.63M | $104.36M | $139.38M | $100.27M | $121.62M | $121.62M | $238.72M | $452.70M | $271.10M |
| Revenue growth (YoY) | — | +51.0% | +6.3% | +38.1% | +35.7% | +18.9% | +19.6% | -3.9% | -5.2% | -6.5% | +33.6% | -28.1% | +21.3% | +0.0% | +96.3% | +89.6% | -40.1% |
| Cost of revenue | $32.25M | $37.52M | $48.58M | $71.42M | $75.36M | $85.32M | $97.87M | $94.43M | $92.96M | $91.69M | $113.09M | $85.68M | $111.69M | $111.69M | $181.80M | $269.80M | $225.10M |
| Gross profit | $-3.63M | $5.69M | $-2.63M | $-7.97M | $10.73M | $17.08M | $24.65M | $23.31M | $18.67M | $12.67M | $26.28M | $14.59M | $9.94M | $9.94M | $56.92M | $182.90M | $46.00M |
| Gross margin | -12.7% | 13.2% | -5.7% | -12.6% | 12.5% | 16.7% | 20.1% | 19.8% | 16.7% | 12.1% | 18.9% | 14.6% | 8.2% | 8.2% | 23.8% | 40.4% | 17.0% |
| R&D | $2.52M | $2.98M | $4.08M | $5.14M | $5.16M | $5.98M | $5.25M | $5.31M | $6.18M | $6.32M | $8.41M | $8.73M | $11.44M | $11.44M | $16.36M | $18.05M | $6.30B |
| SG&A | $5.43M | $5.67M | $8.91M | $11.30M | $13.42M | $16.85M | $15.07M | $17.41M | $19.02M | $19.12M | $16.48M | $15.68M | $22.51M | $22.51M | $56.76M | $71.13M | $27.40B |
| Operating income | $-15.58M | $-7.50M | $-20.57M | $-32.97M | $-19.97M | $-16.04M | $-6.24M | $-11.22M | $-19.14M | $-33.92M | $-14.16M | $-21.57M | $-40.60M | $-40.60M | $-49.20M | $54.53M | $-51.39M |
| Operating margin | -54.5% | -17.3% | -44.8% | -52.0% | -23.2% | -15.7% | -5.1% | -9.5% | -17.1% | -32.5% | -10.2% | -21.5% | -33.4% | -33.4% | -20.6% | 12.0% | -19.0% |
| EBITDA | $-9.95M | $-2.86M | $-21.24M | $-23.29M | $-6.47M | $-5.86M | $3.65M | $-1.37M | $-8.38M | $-23.13M | $-3.95M | $-11.37M | $-31.16M | $-38.98M | $-22.31M | $51.46M | $5.72B |
| EBITDA margin | -34.8% | -6.6% | -46.2% | -36.7% | -7.5% | -5.7% | 3.0% | -1.2% | -7.5% | -22.2% | -2.8% | -11.3% | -25.6% | -32.1% | -9.3% | 11.4% | 2108.3% |
| EBIT | $-15.58M | $-7.50M | $-28.76M | $-32.97M | $-16.53M | $-16.04M | $-6.24M | $-11.22M | $-19.14M | $-33.92M | $-14.16M | $-21.57M | $-40.60M | $-40.60M | $-40.48M | $27.05M | $5.67B |
| Interest expense | $3.08M | $2.58M | $7.58M | $21.79M | $30.60M | $50.28M | $182000.00 | $147000.00 | $185000.00 | $524000.00 | $406000.00 | $240000.00 | $229000.00 | $229000.00 | $5.33M | $11.96M | $6.06B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-18.64M | $-9.91M | $-32.83M | $-56.14M | $-47.61M | $-66.32M | $-6.42M | $-12.02M | $-19.32M | $-34.44M | $-4.76M | $-11.85M | $-27.88M | $-37.09M | $-45.81M | $13.38M | $-389.55M |
| Net income growth (YoY) | — | +46.8% | -231.3% | -71.0% | +15.2% | -39.3% | +90.3% | -87.4% | -60.7% | -78.3% | +86.2% | -149.1% | -135.3% | -33.0% | -23.5% | +129.2% | -3012.5% |
| Profit margin | -65.1% | -22.9% | -71.5% | -88.5% | -55.3% | -64.8% | -5.2% | -10.2% | -17.3% | -33.0% | -3.4% | -11.8% | -22.9% | -30.5% | -19.2% | 3.0% | -143.7% |