Symbols / ASPN Stock $5.60 -3.78% Aspen Aerogels, Inc.

Industrials • Building Products & Equipment • United States • NYQ
ASPN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Building Products & Equipment
CEO Mr. Donald R. Young
Exch · Country NYQ · United States
Market Cap 464.11M
Enterprise Value 419.07M
Income -111.99M
Sales 230.26M
FCF (ttm) 40.14M
Book/sh 2.58
Cash/sh 2.10
Employees 854
Insider 10d —
IPO Jun 13, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -74.67
PEG —
P/S 2.02
P/B 2.17
P/C —
EV/EBITDA -17.31
EV/Sales 1.82
Quick Ratio 2.40
Current Ratio 2.89
Debt/Eq 60.34
LT Debt/Eq —
EPS (ttm) -1.35
EPS next Y -0.07
EPS Growth —
Revenue Growth -51.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-07
ROA -6.05%
ROE -42.40%
ROIC —
Gross Margin 21.52%
Oper. Margin -53.87%
Profit Margin -48.64%
Shs Outstand 82.88M
Shs Float 77.55M
Insider Own 16.20%
Instit Own 70.93%
Short Float 11.42%
Short Ratio 5.38
Short Interest 8.00M
52W High 9.78
vs 52W High -42.74%
52W Low 2.30
vs 52W Low 143.48%
Beta 2.83
Impl. Vol. 87.40%
Rel Volume 1.16
Avg Volume 1.75M
Volume 2.02M
Target (mean) $6.35
Tgt Median $7.00
Tgt Low $4.00
Tgt High $8.00
# Analysts 5
Recom Buy
Prev Close $5.82
Price $5.60
Change -3.78%
About

Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates through two segments: Thermal Barrier and Energy Industrial. The company offers PyroThin aerogel thermal barriers for use in battery packs in EVs; Pyrogel XTE for refineries and petrochemical facilities; Pyrogel HPS for high temperatures and in demanding thermal applications in refining and chemical processing systems; Pyrogel XTF for protection against fire; Cryogel Z for sub-ambient and cryogenic applications; Spaceloft Subsea for pipe-in-pipe applications in offshore oil production; and Cryogel X201 for cold system designs. It serves EV manufacturers, automotive suppliers, lithium-ion battery manufacturers, and e-mobility and energy storage companies. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.35
Mean price target
2. Current target
$5.60
Latest analyst target
3. DCF / Fair value
$8.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.60
Low
$4.00
High
$8.00
Mean
$6.35

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-11 main Barclays Underweight → Underweight $4
2026-03-05 main Barclays Underweight → Underweight $3
2026-02-26 main TD Cowen Buy → Buy $6
2026-02-26 main Roth Capital Buy → Buy $3
2025-11-07 main Canaccord Genuity Buy → Buy $5
2025-11-07 main Barclays Underweight → Underweight $4
2025-08-11 down Barclays Equal-Weight → Underweight $6
2025-08-08 main Canaccord Genuity Buy → Buy $10
2025-05-29 down Barclays Overweight → Equal-Weight $7
2025-02-19 main B. Riley Securities Buy → Buy $22
2025-02-19 main Barclays Overweight → Overweight $13
2025-02-14 main Roth MKM Buy → Buy $16
2025-02-14 main Canaccord Genuity Buy → Buy $15
2025-02-14 main Craig-Hallum Buy → Buy $18
2025-02-13 down Seaport Global Buy → Neutral —
2025-01-24 main Craig-Hallum Buy → Buy $21
2025-01-16 main Canaccord Genuity Buy → Buy $20
2024-11-12 main Barclays Overweight → Overweight $25
2024-11-08 main Roth MKM Buy → Buy $31
2024-10-22 main Piper Sandler Overweight → Overweight $33
News
RSS: Latest ASPN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-04 YOUNG DONALD R Chief Executive Officer — 156,716 $0.00 $0
2026-03-04 DEEGAN GLENN E General Counsel — 55,503 $0.00 $0
2026-03-04 WHITAKER CORBY C. Officer — 57,462 $0.00 $0
2026-03-04 LANDES GREGG Officer — 57,462 $0.00 $0
2026-03-04 THOELE GRANT DOUGLAS Chief Financial Officer — 55,298 $0.00 $0
2025-11-13 YOUNG DONALD R Chief Executive Officer — 56,845 $3.23 $183,609
2025-10-01 THOELE GRANT DOUGLAS Chief Financial Officer — 10,273 $0.00 $0
2025-09-30 DEEGAN GLENN E General Counsel — 11,673 $0.00 $0
2025-08-13 DANIEL SANTHOSH P Officer — 6,410 $7.31 $47,317
2025-05-12 YOUNG DONALD R Chief Executive Officer — 20,000 $5.35 $107,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
271.10
-40.11%
452.70
+89.64%
238.72
+32.35%
180.36
Operating Revenue
271.10
-40.11%
452.70
+89.64%
238.72
+32.35%
180.36
Cost Of Revenue
225.10
-16.57%
269.80
+48.41%
181.80
+3.65%
175.39
Reconciled Cost Of Revenue
225.10
-16.57%
269.80
+48.41%
181.80
+3.65%
175.39
Gross Profit
46.00
-74.85%
182.90
+221.32%
56.92
+1043.91%
4.98
Operating Expense
97.39
-22.00%
124.85
+17.65%
106.12
+26.01%
84.22
Research And Development
13.42
-25.67%
18.05
+10.36%
16.36
-3.39%
16.93
Selling General And Administration
83.97
-21.37%
106.80
+18.98%
89.77
+33.40%
67.29
Selling And Marketing Expense
28.20
-20.96%
35.68
+8.09%
33.01
+14.64%
28.79
General And Administrative Expense
55.77
-21.58%
71.12
+25.31%
56.76
+47.43%
38.50
Other Gand A
55.77
-21.58%
71.12
+25.31%
56.76
+47.43%
38.50
Total Expenses
322.50
-18.28%
394.65
+37.07%
287.92
+10.91%
259.61
Operating Income
-51.39
-188.54%
58.05
+217.97%
-49.20
+37.91%
-79.25
Total Operating Income As Reported
-378.23
-793.55%
54.53
+210.84%
-49.20
+37.91%
-79.25
EBITDA
-331.29
-768.26%
49.57
+297.00%
-25.16
+63.21%
-68.41
Normalized EBITDA
-4.45
-105.52%
80.57
+420.17%
-25.16
+63.21%
-68.41
Reconciled Depreciation
45.16
+100.47%
22.53
+47.06%
15.32
+66.10%
9.22
EBIT
-376.44
-1491.76%
27.05
+166.81%
-40.48
+47.85%
-77.63
Total Unusual Items
-326.84
-954.41%
-31.00
0.00
0.00
Total Unusual Items Excluding Goodwill
-326.84
-954.41%
-31.00
0.00
0.00
Special Income Charges
-326.84
-954.41%
-31.00
0.00
0.00
Other Special Charges
—
27.49
—
—
Impairment Of Capital Assets
291.16
+8195.27%
3.51
0.00
0.00
Restructuring And Mergern Acquisition
17.51
0.00
0.00
—
Net Income
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Pretax Income
-387.16
-2665.83%
15.09
+132.94%
-45.81
+44.63%
-82.74
Net Non Operating Interest Income Expense
-10.72
+10.39%
-11.96
-1091.63%
1.21
+134.53%
-3.49
Interest Expense Non Operating
10.72
-10.39%
11.96
+124.46%
5.33
+4.27%
5.11
Net Interest Income
-10.72
+10.39%
-11.96
-1091.63%
1.21
+134.53%
-3.49
Interest Expense
10.72
-10.39%
11.96
+124.46%
5.33
+4.27%
5.11
Interest Income Non Operating
—
—
6.53
+304.08%
1.62
Interest Income
—
—
6.53
+304.08%
1.62
Other Income Expense
-325.05
-948.65%
-31.00
-1517.98%
2.19
—
Other Non Operating Income Expenses
1.79
—
2.19
—
Tax Provision
2.39
+39.67%
1.71
0.00
0.00
Tax Rate For Calcs
0.00
+90.91%
0.00
0.00
0.00
Tax Effect Of Unusual Items
-68.64
-1912.97%
-3.41
0.00
0.00
Net Income Including Noncontrolling Interests
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Net Income From Continuing Operation Net Minority Interest
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Net Income From Continuing And Discontinued Operation
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Net Income Continuous Operations
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Normalized Income
-131.35
-420.66%
40.96
+189.42%
-45.81
+44.63%
-82.74
Net Income Common Stockholders
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Diluted EPS
-4.73
-2882.35%
0.17
+125.76%
-0.66
+68.57%
-2.10
Basic EPS
-4.73
-2882.35%
0.17
+125.76%
-0.66
+68.57%
-2.10
Basic Average Shares
82.33
+6.18%
77.54
+11.66%
69.44
+76.41%
39.36
Diluted Average Shares
82.33
+2.52%
80.31
+15.65%
69.44
+76.41%
39.36
Diluted NI Availto Com Stockholders
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Gain On Sale Of PPE
-18.16
0.00
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
406.68
-54.57%
895.14
+27.32%
703.05
+9.27%
643.42
Current Assets
242.05
-40.88%
409.45
+53.74%
266.33
-27.96%
369.69
Cash Cash Equivalents And Short Term Investments
156.86
-28.99%
220.88
+58.09%
139.72
-50.34%
281.33
Cash And Cash Equivalents
156.86
-28.99%
220.88
+58.09%
139.72
-50.34%
281.33
Receivables
35.27
-67.67%
109.10
+55.87%
70.00
+22.05%
57.35
Accounts Receivable
35.27
-67.67%
109.10
+55.87%
70.00
+22.05%
57.35
Gross Accounts Receivable
39.44
-64.26%
110.37
+57.16%
70.22
+21.91%
57.60
Allowance For Doubtful Accounts Receivable
-4.17
-229.80%
-1.26
-450.00%
-0.23
+9.80%
-0.26
Inventory
38.25
-19.56%
47.55
+21.34%
39.19
+73.88%
22.54
Raw Materials
8.18
-40.17%
13.67
-44.73%
24.73
+24.45%
19.88
Work In Process
5.52
-42.86%
9.66
+21.77%
7.94
+260.07%
2.20
Finished Goods
24.55
+1.37%
24.22
+271.53%
6.52
+1323.14%
0.46
Prepaid Assets
—
—
—
—
Restricted Cash
1.71
+334.77%
0.39
+58.87%
0.25
-79.77%
1.23
Other Current Assets
9.96
-68.39%
31.52
+83.49%
17.18
+137.37%
7.24
Total Non Current Assets
164.63
-66.11%
485.70
+11.22%
436.72
+59.54%
273.73
Net PPE
122.55
-74.48%
480.13
+10.52%
434.44
+60.18%
271.21
Gross PPE
318.39
-50.01%
636.88
+10.62%
575.73
+43.53%
401.13
Accumulated Depreciation
-195.84
-24.94%
-156.75
-10.94%
-141.29
-8.75%
-129.92
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
27.05
+0.05%
27.03
+6.12%
25.47
+6.07%
24.02
Machinery Furniture Equipment
232.38
+9.83%
211.58
+8.60%
194.83
+32.68%
146.85
Construction In Progress
9.26
-97.37%
352.57
+12.03%
314.69
+50.53%
209.06
Other Properties
24.14
+15.78%
20.85
+21.16%
17.21
+43.55%
11.99
Leases
25.56
+2.89%
24.84
+5.65%
23.51
+154.87%
9.23
Other Non Current Assets
42.08
+656.04%
5.57
+144.34%
2.28
-9.53%
2.52
Total Liabilities Net Minority Interest
171.16
-38.97%
280.44
+30.44%
214.99
+9.70%
195.98
Current Liabilities
62.02
-43.67%
110.11
+41.00%
78.09
-1.08%
78.94
Payables And Accrued Expenses
23.27
-62.16%
61.48
+7.81%
57.03
-2.12%
58.26
Payables
13.24
-70.15%
44.36
-13.18%
51.09
-6.64%
54.73
Accounts Payable
13.24
-70.15%
44.36
-13.18%
51.09
-6.64%
54.73
Current Accrued Expenses
10.02
-41.47%
17.12
+188.53%
5.93
+67.85%
3.54
Pensionand Other Post Retirement Benefit Plans Current
2.93
-84.88%
19.37
+14.78%
16.88
+35.37%
12.47
Current Debt And Capital Lease Obligation
34.57
+27.77%
27.06
+1343.81%
1.87
-20.86%
2.37
Current Debt
25.11
+27.16%
19.75
—
—
Other Current Borrowings
25.11
+27.16%
19.75
—
—
Current Capital Lease Obligation
9.46
+29.41%
7.31
+289.91%
1.87
-20.86%
2.37
Current Deferred Liabilities
1.26
-42.75%
2.20
-5.05%
2.32
-60.38%
5.85
Current Deferred Revenue
1.26
-42.75%
2.20
-5.05%
2.32
-60.38%
5.85
Total Non Current Liabilities Net Minority Interest
109.14
-35.93%
170.33
+24.42%
136.90
+16.97%
117.04
Long Term Debt And Capital Lease Obligation
109.14
-35.93%
170.33
+24.42%
136.90
+16.97%
117.04
Long Term Debt
79.80
-41.79%
137.09
+19.22%
114.99
+11.02%
103.58
Long Term Capital Lease Obligation
29.34
-11.73%
33.23
+51.72%
21.91
+62.80%
13.46
Non Current Deferred Liabilities
—
—
—
0.00
Non Current Deferred Revenue
—
—
—
0.00
Stockholders Equity
235.52
-61.69%
614.71
+25.95%
488.06
+9.08%
447.44
Common Stock Equity
235.52
-61.69%
614.71
+25.95%
488.06
+9.08%
447.44
Capital Stock
0.00
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
82.71
+0.82%
82.04
+7.24%
76.50
+9.30%
69.99
Ordinary Shares Number
82.71
+0.82%
82.04
+7.24%
76.50
+9.30%
69.99
Additional Paid In Capital
1,285.30
+0.81%
1,274.93
+9.75%
1,161.66
+8.04%
1,075.23
Retained Earnings
-1,049.78
-59.00%
-660.23
+1.99%
-673.60
-7.30%
-627.79
Total Equity Gross Minority Interest
235.52
-61.69%
614.71
+25.95%
488.06
+9.08%
447.44
Total Capitalization
315.32
-58.06%
751.80
+24.67%
603.05
+9.44%
551.01
Working Capital
180.03
-39.86%
299.34
+59.02%
188.24
-35.26%
290.74
Invested Capital
340.43
-55.88%
771.55
+27.94%
603.05
+9.44%
551.01
Total Debt
143.71
-27.19%
197.38
+42.24%
138.77
+16.22%
119.40
Capital Lease Obligations
38.79
-4.32%
40.54
+70.49%
23.78
+50.28%
15.82
Net Tangible Assets
235.52
-61.69%
614.71
+25.95%
488.06
+9.08%
447.44
Tangible Book Value
235.52
-61.69%
614.71
+25.95%
488.06
+9.08%
447.44
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
32.87
-27.83%
45.55
+206.89%
-42.61
+54.86%
-94.40
Cash Flow From Continuing Operating Activities
32.87
-27.83%
45.55
+206.89%
-42.61
+54.86%
-94.40
Net Income From Continuing Operations
-389.55
-3012.54%
13.38
+129.20%
-45.81
+44.63%
-82.74
Depreciation Amortization Depletion
45.16
+100.47%
22.53
+47.06%
15.32
+66.10%
9.22
Depreciation
45.16
+100.47%
22.53
+47.06%
15.32
+66.10%
9.22
Depreciation And Amortization
45.16
+100.47%
22.53
+47.06%
15.32
+66.10%
9.22
Other Non Cash Items
7.17
-32.19%
10.57
+29.17%
8.19
+5.20%
7.78
Stock Based Compensation
8.63
-32.88%
12.86
+17.35%
10.95
+16.72%
9.38
Provisionand Write Offof Assets
3.54
+1332.39%
0.25
+365.59%
-0.09
-180.87%
0.12
Asset Impairment Charge
291.63
+2988.60%
9.44
0.00
0.00
Deferred Tax
-0.42
0.00
0.00
—
Deferred Income Tax
-0.42
0.00
0.00
—
Operating Gains Losses
18.16
-33.93%
27.49
—
—
Gain Loss On Sale Of PPE
18.16
0.00
0.00
—
Change In Working Capital
48.56
+195.29%
-50.96
-63.50%
-31.17
+18.34%
-38.16
Change In Receivables
70.30
+278.62%
-39.36
-213.54%
-12.55
+66.11%
-37.04
Changes In Account Receivables
70.30
+278.62%
-39.36
-213.54%
-12.55
+66.11%
-37.04
Change In Inventory
9.30
+211.24%
-8.36
+49.78%
-16.65
-57.81%
-10.55
Change In Prepaid Assets
18.17
+191.62%
-19.84
-168.00%
-7.40
-134.58%
-3.15
Change In Payables And Accrued Expense
-42.76
-322.77%
19.20
+68.52%
11.39
+8.47%
10.50
Change In Accrued Expense
-23.31
-296.63%
11.86
+74.13%
6.81
+31.33%
5.18
Change In Payable
-19.45
-364.99%
7.34
+60.18%
4.58
-13.82%
5.32
Change In Account Payable
-19.45
-364.99%
7.34
+60.18%
4.58
-13.82%
5.32
Change In Other Working Capital
-0.94
-703.42%
-0.12
+96.69%
-3.53
-178.01%
4.53
Change In Other Current Liabilities
-5.51
-121.78%
-2.48
-2.48%
-2.42
+0.82%
-2.44
Investing Cash Flow
-37.45
+56.59%
-86.26
+50.84%
-175.46
+1.42%
-177.97
Cash Flow From Continuing Investing Activities
-37.45
+56.59%
-86.26
+50.84%
-175.46
+1.42%
-177.97
Capital Expenditure
-37.45
+56.59%
-86.26
+50.84%
-175.46
+1.42%
-177.97
Capital Expenditure Reported
-37.45
+56.59%
-86.26
+50.84%
-175.46
+1.42%
-177.97
Financing Cash Flow
-58.13
-147.64%
122.02
+61.66%
75.48
-84.22%
478.37
Cash Flow From Continuing Financing Activities
-58.13
-147.64%
122.02
+61.66%
75.48
-84.22%
478.37
Net Issuance Payments Of Debt
-59.23
-331.49%
25.59
0.00
-100.00%
100.00
Issuance Of Debt
0.00
-100.00%
182.98
0.00
-100.00%
100.00
Repayment Of Debt
-59.23
+62.37%
-157.40
0.00
0.00
Long Term Debt Issuance
0.00
-100.00%
182.98
0.00
-100.00%
100.00
Long Term Debt Payments
-59.23
+62.37%
-157.40
0.00
0.00
Net Long Term Debt Issuance
-59.23
-331.49%
25.59
0.00
-100.00%
100.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
0.00
-100.00%
93.84
+25.12%
75.00
-80.78%
390.23
Proceeds From Stock Option Exercised
1.72
-83.42%
10.36
+524.71%
1.66
+200.00%
0.55
Net Other Financing Charges
-0.62
+92.06%
-7.77
-557.53%
-1.18
+90.48%
-12.41
Changes In Cash
-62.71
-177.12%
81.31
+157.02%
-142.59
-169.22%
206.00
Beginning Cash Position
221.28
+58.09%
139.97
-50.46%
282.56
+269.05%
76.56
End Cash Position
158.57
-28.34%
221.28
+58.09%
139.97
-50.46%
282.56
Free Cash Flow
-4.58
+88.76%
-40.71
+81.33%
-218.07
+19.94%
-272.37
Interest Paid Supplemental Data
12.22
+74.40%
7.01
+700600.00%
0.00
-99.35%
0.15
Income Tax Paid Supplemental Data
4.13
0.00
0.00
0.00
Common Stock Issuance
0.00
-100.00%
93.84
+25.12%
75.00
-80.78%
390.23
Issuance Of Capital Stock
0.00
-100.00%
93.84
+25.12%
75.00
-80.78%
390.23
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category