Aspen Aerogels, Inc. logo

Aspen Aerogels, Inc.

ASPN

NYSEBasic MaterialsChemicals - Specialty

Previous close

$5.18

+$0.07 · +1.37%

Aug 21, 4:00 PM ET

ASPN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

45

Neutral

Sentiment

57

Mixed

Risk resilience

15

Extreme Risk

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Company profile

Company website

Aspen Aerogels, Inc. is a company dedicated to the development, manufacturing, and sale of advanced aerogel insulation products. These specialized solutions primarily serve the energy infrastructure and building materials sectors across a wide geographical area, encompassing the United States, Asia, Canada, Europe, and Latin America. Their extensive product portfolio includes PyroThin, designed as thermal barriers crucial for lithium-ion batteries in electric vehicles and various energy storage systems. For the energy infrastructure sector, Pyrogel XTE is offered to mitigate corrosion under insulation in operating systems, while Pyrogel HPS is tailored for power generation applications, and Pyrogel XTF provides essential fire protection. Cryogel Z specifically addresses sub-ambient and cryogenic requirements within this same energy sector. Furthermore, Spaceloft Subsea is utilized in pipe-in-pipe configurations for offshore oil production. In the building materials market, Aspen Aerogels provides Spaceloft Grey and Spaceloft A2. Additionally, Cryogel X201 is engineered for designing diverse cold systems, found in applications such as refrigerated appliances, cold storage facilities, and aerospace systems. The company was established in 2001 and maintains its corporate headquarters in Northborough, Massachusetts.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
US
CEO
Donald R. Young
Listed since
Jun 13, 2014
Employees
854

Market position

Day range

Current $5.18

52-week range

Current $5.18

Open
$5.16
Previous close
$5.11
Volume
713.65K
0.45× average
Average volume
1.59M
Average daily volume
Market cap
429.31M USD
Beta
2.97
Market reference 1
50-day average
$5.4918
-5.68% below average
200-day average
$4.2193
+22.77% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
220.78M USD
P/E (TTM)
-3.39×
P/B (TTM)
2.23×
P/S (TTM)
2.12×
EV / EBITDA
0.04×
Earnings yield
-166.52%
Free cash flow yield
-1.96%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
2.68%
Operating margin
100.90%
Net margin
-62.45%
Return on equity
-165.40%
Return on assets
-95.79%
Return on invested capital
-13.55%

Financial health

Debt / equity
0.65×
Current ratio
3.9×
Altman Z-score
-2.66
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%-15%-88%-162%Gross margin, FY2021: 8.17%Gross margin, FY2022: 2.76%Gross margin, FY2023: 23.84%Gross margin, FY2024: 40.40%Gross margin, FY2025: 16.97%Operating margin, FY2021: -33.38%Operating margin, FY2022: -43.94%Operating margin, FY2023: -20.61%Operating margin, FY2024: 12.05%Operating margin, FY2025: -18.96%Net margin, FY2021: -30.50%Net margin, FY2022: -45.87%Net margin, FY2023: -19.19%Net margin, FY2024: 2.95%Net margin, FY2025: -143.69%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 8.17%. Gross margin FY2022 2.76%. Gross margin FY2023 23.84%. Gross margin FY2024 40.40%. Gross margin FY2025 16.97%. Operating margin FY2021 -33.38%. Operating margin FY2022 -43.94%. Operating margin FY2023 -20.61%. Operating margin FY2024 12.05%. Operating margin FY2025 -18.96%. Net margin FY2021 -30.50%. Net margin FY2022 -45.87%. Net margin FY2023 -19.19%. Net margin FY2024 2.95%. Net margin FY2025 -143.69%.

Income trends

Revenue

271.1M USD-40.11%

Operating income

−51.39M USD−105.93M USD

Net income

−389.55M USD−402.93M USD
Income trends across reported periods536.92M USD200.02M USD−136.88M USD−473.78M USDRevenue, FY2021: 121.62M USDRevenue, FY2022: 180.36M USDRevenue, FY2023: 238.72M USDRevenue, FY2024: 452.7M USDRevenue, FY2025: 271.1M USDOperating income, FY2021: −40.6M USDOperating income, FY2022: −79.25M USDOperating income, FY2023: −49.2M USDOperating income, FY2024: 54.54M USDOperating income, FY2025: −51.39M USDNet income, FY2021: −37.09M USDNet income, FY2022: −82.74M USDNet income, FY2023: −45.81M USDNet income, FY2024: 13.38M USDNet income, FY2025: −389.55M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 121.62M USD. Revenue FY2022 180.36M USD. Revenue FY2023 238.72M USD. Revenue FY2024 452.7M USD. Revenue FY2025 271.1M USD. Operating income FY2021 −40.6M USD. Operating income FY2022 −79.25M USD. Operating income FY2023 −49.2M USD. Operating income FY2024 54.54M USD. Operating income FY2025 −51.39M USD. Net income FY2021 −37.09M USD. Net income FY2022 −82.74M USD. Net income FY2023 −45.81M USD. Net income FY2024 13.38M USD. Net income FY2025 −389.55M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue271.1M USD452.7M USD238.72M USD180.36M USD121.62M USD
Cost of goods sold225.11M USD269.8M USD181.8M USD175.39M USD111.69M USD
Gross profit46M USD182.9M USD56.92M USD4.98M USD9.94M USD
Research and development6.3B USD18.05M USD16.36M USD16.93M USD11.44M USD
Selling, general, and administrative40.91B USD106.8M USD89.77M USD67.29M USD39.1M USD
Operating expenses97.39M USD128.36M USD106.12M USD84.22M USD50.54M USD
Interest income6.53M USD1.62M USD
Interest expense6.06B USD11.96M USD5.33M USD5.11M USD229K USD
Depreciation and amortization45.16M USD24.41M USD18.18M USD9.22M USD9.44M USD
Operating income−51.39M USD54.54M USD−49.2M USD−79.25M USD−40.6M USD
Net income−389.55M USD13.38M USD−45.81M USD−82.74M USD−37.09M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-4.74
FY2025 · -2888.24% year over year
Latest fiscal-year revenue
271.1M USD
FY2025 · -40.11% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.66-1.3-3.27-5.23FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend485.81M353.38M220.95M88.51MFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$6.38

23.17% upside
Past 12 months12-month forecastHigh $7.75Average $6.38Low $5.00

Rating distribution

23 ratings
Strong buy00%
Buy1983%
Hold313%
Sell14%
Strong sell00%

Recent analyst actions

11 institutions
Roth CapitalmaintainBuy

ASPN peers

ETFs holding ASPN

Funds reporting this stock among their holdings, ordered by reported position size.

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