Aspen Aerogels Inc. (ASPN) Financial Statements (2026 and earlier)

Company Profile

Business Address 30 FORBES ROAD
NORTHBOROUGH, MA 01532
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 503 - Lumber And Other Construction Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156,857220,882139,723281,33576,56416,496
Cash and cash equivalent156,857220,882139,723281,33576,56416,496
Restricted cash and investments1,7133942481,226  
Receivables35,270109,10469,99557,35020,42615,698
Inventory, net of allowances, customer advances and progress billings38,24947,55139,18922,53811,98713,099
Inventory38,24947,55139,18922,53811,98713,099
Other undisclosed current assets9,96431,51717,1767,2363,1731,830
Total current assets:242,053409,448266,331369,685112,15047,123
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6,131     
Operating lease, right-of-use asset18,01420,85417,21211,99013,5313,478
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization98,400459,276417,227259,22355,77846,739
Other noncurrent assets9,3695,5662,2782,5181,49584
Other undisclosed noncurrent assets32,712     
Total noncurrent assets:164,626485,696436,717273,73170,80450,301
TOTAL ASSETS:406,679895,144703,048643,416182,95497,424
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,19580,85673,90570,73128,2599,235
Accounts payable13,24344,36151,09454,72817,4405,351
Accrued liabilities12,95236,49522,81116,00310,8193,884
Deferred revenue1,2592,1992,3165,8461,3212,037
Debt26,88319,750    
Deferred compensation liability     434436
Other undisclosed current liabilities7,6887,3071,8742,3686,5412,219
Total current liabilities:62,025110,11278,09578,94536,55513,927
Noncurrent Liabilities
Long-term debt and lease obligation3,244   12,9915,656
Long-term debt, excluding current maturities      2,059
Finance lease, liability3,244     
Liabilities, other than long-term debt21,13823,14821,90614,356434434
Deferred revenue      
Deferred compensation liability, classified    900434 
Other liabilities      434
Operating lease, liability21,13823,14821,90613,45612,9913,597
Other undisclosed noncurrent liabilities84,754147,179114,992102,6804,5669,555
Total noncurrent liabilities:109,136170,327136,898117,03617,99115,645
Total liabilities:171,161280,439214,993195,98154,54629,572
Equity
Equity, attributable to parent235,518614,705488,055447,435128,40867,852
Additional paid in capital1,285,2971,274,9321,161,6571,075,226673,461575,811
Accumulated deficit(1,049,779)(660,227)(673,602)(627,791)(545,053)(507,959)
Total equity:235,518614,705488,055447,435128,40867,852
TOTAL LIABILITIES AND EQUITY:406,679895,144703,048643,416182,95497,424

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues271,103452,699238,718180,364121,622100,273
Cost of revenue
(Cost of Product and Service Sold)		(225,105)(269,802)(181,797)(175,388)  
Other undisclosed gross profit     (111,685)(85,679)
Gross profit:45,998182,89756,9214,9769,93714,594
Operating expenses(424,226)(128,362)(106,124)(84,221)(50,536)(36,163)
Operating income (loss):(378,228)54,535(49,203)(79,245)(40,599)(21,569)
Nonoperating income (expense)(8,930)(39,446)3,392(3,493)3,505(240)
Other nonoperating income1,786     
Interest and debt expense  (27,487) (5,110)3,734(9)
Loss from continuing operations before equity method investments, income taxes:(387,158)(12,398)(45,811)(87,848)(33,360)(21,818)
Other undisclosed income from continuing operations before income taxes  27,487    
Income (loss) from continuing operations before income taxes:(387,158)15,089(45,811)(87,848)(33,360)(21,818)
Income tax expense(2,394)(1,714)    
Income (loss) from continuing operations:(389,552)13,375(45,811)(87,848)(33,360)(21,818)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(33,360)(21,818)
Other undisclosed net income (loss)    5,110(3,734)9
Net income (loss) available to common stockholders, diluted:(389,552)13,375(45,811)(82,738)(37,094)(21,809)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(389,552)13,375(45,811)(82,738)(37,094)(21,809)
Comprehensive income (loss), net of tax, attributable to parent:(389,552)13,375(45,811)(82,738)(37,094)(21,809)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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