ASPEN AEROGELS, INC. (ASPN)

4.93 -5.74% (-0.30)

Over 1M: +6.5%

2026-08-28
Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles need the day’s open, high and low. Those are being collected now — a company shows them once its history has been refreshed.

5 6 7
31 Jul 5 Aug 10 Aug 13 Aug 18 Aug 21 Aug 26 Aug

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 30.4M Q3 '21 — Operating Cash Flow: -6M Q3 '21 — Free Cash Flow: -8.3M Q3 '21 — Net Income: -7.8M Q4 '21 — Revenue: 31.5M Q4 '21 — Operating Cash Flow: -12M Q4 '21 — Free Cash Flow: -19.7M Q4 '21 — Net Income: -16.4M Q1 '22 — Revenue: 38.4M Q1 '22 — Operating Cash Flow: -22.8M Q1 '22 — Free Cash Flow: -37.3M Q1 '22 — Net Income: -19.5M Q2 '22 — Revenue: 45.6M Q2 '22 — Operating Cash Flow: -10M Q2 '22 — Free Cash Flow: -47.9M Q2 '22 — Net Income: -24.1M Q3 '22 — Revenue: 36.7M Q3 '22 — Operating Cash Flow: -37.5M Q3 '22 — Free Cash Flow: -104.4M Q3 '22 — Net Income: -29.6M Q4 '22 — Revenue: 59.6M Q4 '22 — Operating Cash Flow: -24.1M Q4 '22 — Free Cash Flow: -82.7M Q4 '22 — Net Income: -9.6M Q1 '23 — Revenue: 45.6M Q1 '23 — Operating Cash Flow: -24.7M Q1 '23 — Free Cash Flow: -74M Q1 '23 — Net Income: -16.8M Q2 '23 — Revenue: 48.2M Q2 '23 — Operating Cash Flow: -7.7M Q2 '23 — Free Cash Flow: -73.7M Q2 '23 — Net Income: -15.4M Q3 '23 — Revenue: 60.8M Q3 '23 — Operating Cash Flow: -7.5M Q3 '23 — Free Cash Flow: -39.8M Q3 '23 — Net Income: -13.1M Q4 '23 — Revenue: 84.2M Q4 '23 — Operating Cash Flow: -2.8M Q4 '23 — Free Cash Flow: -30.6M Q4 '23 — Net Income: -519K Q1 '24 — Revenue: 94.5M Q1 '24 — Operating Cash Flow: -17.7M Q1 '24 — Free Cash Flow: -43.6M Q1 '24 — Net Income: -1.8M Q2 '24 — Revenue: 117.8M Q2 '24 — Operating Cash Flow: 6.8M Q2 '24 — Free Cash Flow: -18M Q2 '24 — Net Income: 16.8M Q3 '24 — Revenue: 117.3M Q3 '24 — Operating Cash Flow: 20.8M Q3 '24 — Free Cash Flow: -50K Q3 '24 — Net Income: -13M Q4 '24 — Revenue: 123.1M Q4 '24 — Operating Cash Flow: 35.7M Q4 '24 — Free Cash Flow: 20.9M Q4 '24 — Net Income: 11.4M Q1 '25 — Revenue: 78.7M Q1 '25 — Operating Cash Flow: 5.6M Q1 '25 — Free Cash Flow: -7.4M Q1 '25 — Net Income: -301.2M Q2 '25 — Revenue: 78M Q2 '25 — Operating Cash Flow: -3.9M Q2 '25 — Free Cash Flow: -16.8M Q2 '25 — Net Income: -9.1M Q3 '25 — Revenue: 73M Q3 '25 — Operating Cash Flow: 15M Q3 '25 — Free Cash Flow: 5.9M Q3 '25 — Net Income: -6.3M Q4 '25 — Revenue: 41.3M Q4 '25 — Operating Cash Flow: 16.1M Q4 '25 — Free Cash Flow: 13.7M Q4 '25 — Net Income: -72.9M Q1 '26 — Revenue: 37.9M Q1 '26 — Operating Cash Flow: 34.1M Q1 '26 — Free Cash Flow: 32.8M Q1 '26 — Net Income: -23.7M Q2 '26 — Revenue: 49.8M Q2 '26 — Operating Cash Flow: -16.2M Q2 '26 — Free Cash Flow: -18M Q2 '26 — Net Income: -23.3M -270M -180M -90M 0 90M 180M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

2.8
OE margin 13.3%
Oper. margin -61.0%
ROIC -79.4%
Accruals -44.6%
FCF margin 17.0%
OCF margin 24.3%
Gross margin 22.8%
EBITDA margin -39.6%
Profit margin -62.4%
ROA -32.1%
ROCE -41.9%
ROE -65.6%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.9
RPO / sales 0.13×
Segment HHI 0.53 HHI
RPO growth —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.5
ND/EBITDA —
Interest cover -12.2×
Cash / Debt 1.8×
Debt payback 0.0 yr
Quick ratio 2.2×
Debt / Eq 0.44×
F-score 4.0 pts
Cash runway —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.5
Sales CAGR 4Y +22.2%
Sales/sh Y/Y -50.4%
Sales Q/Q -36.1%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.