ASPN - Aspen Aerogels, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$4.88
DETAILS
HIGH:
$5.75
LOW:
$4.00
MEDIAN:
$4.88
CONSENSUS:
$4.88
DOWNSIDE:
15.72%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 271.1 | 452.7 | 238.7 | 180.4 | 121.6 | 100.3 | 139.4 | 104.4 | 111.6 | 117.7 | 122.5 | 102.4 | 86.1 | 63.5 | 46.0 | 43.2 | 28.6 |
| Cost of Revenue | 225.1 | 269.8 | 181.8 | 175.4 | 111.7 | 85.7 | 113.1 | 91.7 | 93.0 | 94.4 | 97.9 | 85.3 | 75.4 | 71.4 | 48.6 | 37.5 | 32.2 |
| Gross Profit | 46.0 | 182.9 | 56.9 | 5.0 | 9.9 | 14.6 | 26.3 | 12.7 | 18.7 | 23.3 | 24.6 | 17.1 | 10.7 | (8.0) | (2.6) | 5.7 | (3.6) |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 6,295.1 | 18.1 | 16.4 | 16.9 | 11.4 | 8.7 | 8.4 | 6.3 | 6.2 | 5.3 | 5.3 | 6.0 | 5.2 | 5.1 | 4.1 | 3.0 | 2.5 |
| SG&A Expenses | 40,912.1 | 106.8 | 89.8 | 67.3 | 39.1 | 27.4 | 32.0 | 32.9 | 31.6 | 29.2 | 25.6 | 27.1 | 22.7 | 19.9 | 14.5 | 10.2 | 9.4 |
| Other Expenses | (47,109.8) | 3.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 97.4 | 128.4 | 106.1 | 84.2 | 50.5 | 36.2 | 40.4 | 39.2 | 37.8 | 34.5 | 30.9 | 33.1 | 27.8 | 25.0 | 18.6 | 13.2 | 11.9 |
| Operating Income | |||||||||||||||||
| Operating Income | (51.4) | 54.5 | (49.2) | (79.2) | (40.6) | (21.6) | (14.2) | (33.9) | (19.1) | (11.2) | (6.2) | (16.0) | (20.0) | (33.0) | (20.6) | (7.5) | (15.6) |
| Interest Expense | 6,057.7 | 12.0 | 5.3 | 5.1 | 0.2 | 0.2 | 0.4 | 0.5 | 0.2 | 0.1 | 0.2 | 50.3 | 30.6 | 21.8 | 7.6 | 2.6 | 3.1 |
| Interest Income | 0 | 0 | 6.5 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.1) | 0.2 | 0.0 |
| Profitability | |||||||||||||||||
| EBITDA | 5,715.7 | 51.5 | (22.3) | (68.4) | (27.4) | (11.4) | (3.9) | (23.1) | (8.4) | (1.4) | 3.7 | (5.9) | (6.5) | (23.3) | (21.2) | (2.9) | (10.0) |
| EBIT | 5,670.5 | 27.0 | (40.5) | (77.6) | (36.9) | (21.6) | (14.2) | (33.9) | (19.1) | (11.2) | (6.2) | (16.0) | (17.0) | (34.4) | (25.3) | (7.5) | (15.6) |
| Income Before Tax | (387.2) | 15.1 | (45.8) | (82.7) | (37.1) | (21.8) | (14.6) | (34.4) | (19.3) | (12.0) | (6.4) | (66.3) | (47.6) | (56.1) | (32.8) | 0 | 0 |
| Income Tax Expense | 2.4 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 3.1 |
| Net Income | (389.6) | 13.4 | (45.8) | (82.7) | (37.1) | (21.8) | (14.6) | (34.4) | (19.3) | (12.0) | (6.4) | (66.3) | (47.6) | (56.1) | (32.8) | (9.9) | (18.6) |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | -4.74 | 0.17 | -0.66 | -2.19 | -0.92 | -0.45 | -0.20 | -1.45 | -0.83 | -0.52 | -0.28 | -2.88 | -2.07 | -3.64 | -2.13 | -0.64 | -1.21 |
| EPS (Diluted) | -4.74 | 0.17 | -0.66 | -2.19 | -0.92 | -0.45 | -0.20 | -1.45 | -0.83 | -0.52 | -0.28 | -2.88 | -2.07 | -3.64 | -2.13 | -0.64 | -1.21 |
| Shares Outstanding | 82.7 | 77.5 | 69.4 | 39.4 | 30.4 | 26.4 | 24.1 | 23.7 | 23.4 | 23.1 | 22.9 | 23.0 | 23 | 15.4 | 15.4 | 15.4 | 15.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 156.9 | 220.9 | 139.7 | 281.3 | 76.6 | 16.5 | 3.6 | 3.3 | 10.7 | 18.1 | 27.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 35.3 | 109.1 | 70.0 | 57.4 | 20.4 | 15.7 | 32.3 | 25.6 | 26.8 | 17.5 | 4.2 |
| Inventory | 38.2 | 47.6 | 39.2 | 22.5 | 12.0 | 13.1 | 8.8 | 7.3 | 8.9 | 12.9 | 1.6 |
| Other Current Assets | 11.7 | 31.9 | 17.4 | 8.5 | 0 | 0 | 1.1 | 1.0 | 1.3 | 1.7 | 0.1 |
| Total Current Assets | 242.1 | 409.4 | 266.3 | 369.7 | 112.2 | 47.1 | 45.8 | 37.3 | 47.7 | 50.2 | 33.8 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 122.5 | 480.1 | 434.4 | 271.2 | 69.3 | 50.2 | 57.6 | 61.7 | 76.1 | 84.4 | 29.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 42.1 | 5.6 | 2.3 | 2.5 | 1.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.2 |
| Total Non-Current Assets | 164.6 | 485.7 | 436.7 | 273.7 | 70.8 | 50.3 | 57.7 | 61.8 | 76.2 | 84.5 | 30.9 |
| Total Assets | 406.7 | 895.1 | 703.0 | 643.4 | 183.0 | 97.4 | 103.5 | 99.0 | 123.8 | 134.7 | 64.7 |
| Current Liabilities | |||||||||||
| Account Payables | 13.2 | 44.4 | 51.1 | 54.7 | 17.4 | 5.4 | 12.6 | 12.4 | 10.7 | 13.1 | 2.9 |
| Short-Term Debt | 34.6 | 23.8 | 0 | 0 | 0 | 1.6 | 3.1 | 4.2 | 3.8 | 0 | 0.3 |
| Deferred Revenue | 1.3 | 2.2 | 2.3 | 5.8 | 6.0 | 2.0 | 5.6 | 2.6 | 1.3 | 1.0 | 0.6 |
| Other Current Liabilities | 13.0 | 19.4 | 16.9 | 12.5 | 9.0 | 2.6 | 1.6 | 1.1 | 1.2 | 1.2 | 7.4 |
| Total Current Liabilities | 62.0 | 110.1 | 78.1 | 78.9 | 36.6 | 13.9 | 30.4 | 23.1 | 21.6 | 18.1 | 12.0 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 79.8 | 137.1 | 115.0 | 103.6 | 0 | 2.1 | 0 | 0 | 0 | 0 | 0.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0.4 | (9.8) | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 9.8 | 5.7 | 1.3 | 1.0 | 46.3 |
| Total Non-Current Liabilities | 109.1 | 170.3 | 136.9 | 117.0 | 18.0 | 15.6 | 14.1 | 5.7 | 1.3 | 1.0 | 46.6 |
| Total Liabilities | 171.2 | 280.4 | 215.0 | 196.0 | 54.5 | 29.6 | 44.5 | 28.8 | 22.9 | 19.1 | 58.6 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 |
| Retained Earnings | (1,049.8) | (660.2) | (673.6) | (627.8) | (545.1) | (508.0) | (486.1) | (471.6) | (437.1) | (417.5) | (186.3) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (92.7) | (82.5) | (72.0) | 0 |
| Total Stockholders' Equity | 235.5 | 614.7 | 488.1 | 447.4 | 128.4 | 67.9 | 59.0 | 70.3 | 100.9 | 115.6 | 6.2 |
| Total Liabilities & Equity | 406.7 | 895.1 | 703.0 | 643.4 | 183.0 | 97.4 | 103.5 | 99.0 | 123.8 | 134.7 | 64.7 |
| Debt Metrics | |||||||||||
| Total Debt | 143.7 | 197.4 | 138.8 | 119.4 | 15.2 | 8.3 | 8.5 | 4.2 | 3.8 | 0.0 | 0.6 |
| Net Debt | (13.2) | (23.5) | (1.0) | (161.9) | (61.3) | (8.2) | 4.8 | 0.9 | (6.9) | (18.0) | (26.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (389.6) | 13.4 | (45.8) | (82.7) | (37.1) | (21.8) | (14.6) | (34.4) | (19.3) | (12.0) |
| Depreciation & Amortization | 45.2 | 22.5 | 18.2 | 9.2 | 9.4 | 10.2 | 10.2 | 10.8 | 10.8 | 9.9 |
| Stock-Based Compensation | 8.6 | 12.9 | 0 | 9.4 | 5.2 | 5.0 | 3.8 | 4.3 | 5.1 | 5.3 |
| Change in Working Capital | 48.6 | (51.0) | (31.2) | (38.2) | 6.0 | (4.6) | (1.4) | 0.5 | (1.0) | (4.4) |
| Other Non-Cash Items | 320.1 | 47.8 | 16.2 | 7.9 | 1.6 | 1.0 | 0.9 | (0.1) | (0.1) | 0.7 |
| Operating Cash Flow | 32.9 | 45.5 | (42.6) | (94.4) | (18.6) | (9.9) | (1.1) | (8.7) | (4.6) | (0.6) |
| Investing Activities | ||||||||||
| Capital Expenditure | (37.4) | (86.3) | (175.5) | (178.0) | (13.8) | (3.4) | (2.1) | (3.6) | (6.1) | (13.2) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (13.2) |
| Investing Cash Flow | (37.4) | (86.3) | (175.5) | (178.0) | (13.8) | (3.4) | (2.1) | (3.6) | (6.1) | (13.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (59.2) | 25.6 | (0.6) | 100 | 0 | 0.6 | (1.1) | 0.4 | 3.7 | (0.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | (0.4) | (0.2) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.8) | 2.6 | (0.4) | (12.9) | (1.9) | 0.9 | 4.5 | 5 | (0.4) | (0.9) |
| Financing Cash Flow | (58.1) | 122.0 | 75.5 | 478.4 | 92.5 | 26.2 | 3.5 | 4.9 | 3.3 | (0.9) |
| Cash Position | ||||||||||
| Net Change in Cash | (62.7) | 81.3 | (142.6) | 206.0 | 60.1 | 12.9 | 0.3 | (7.4) | (7.4) | (14.7) |
| Cash at Beginning | 221.3 | 140.0 | 282.6 | 76.6 | 16.5 | 3.6 | 3.3 | 10.7 | 18.1 | 32.8 |
| Cash at End | 158.6 | 221.3 | 140.0 | 282.6 | 76.6 | 16.5 | 3.6 | 3.3 | 10.7 | 18.1 |
| Free Cash Flow | (4.6) | (40.7) | (218.1) | (272.4) | (32.4) | (13.3) | (3.2) | (12.2) | (10.7) | (13.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 271.1 | 452.7 | 238.7 | 180.4 | 121.6 | 100.3 | 139.4 | 104.4 | 111.6 | 117.7 | 122.5 | 102.4 | 86.1 | 63.5 | 46.0 | 43.2 | 28.6 |
| Gross Profit | 46.0 | 182.9 | 56.9 | 5.0 | 9.9 | 14.6 | 26.3 | 12.7 | 18.7 | 23.3 | 24.6 | 17.1 | 10.7 | (8.0) | (2.6) | 5.7 | (3.6) |
| Operating Income | (51.4) | 54.5 | (49.2) | (79.2) | (40.6) | (21.6) | (14.2) | (33.9) | (19.1) | (11.2) | (6.2) | (16.0) | (20.0) | (33.0) | (20.6) | (7.5) | (15.6) |
| Net Income | (389.6) | 13.4 | (45.8) | (82.7) | (37.1) | (21.8) | (14.6) | (34.4) | (19.3) | (12.0) | (6.4) | (66.3) | (47.6) | (56.1) | (32.8) | (9.9) | (18.6) |
| EPS (Diluted) | -4.74 | 0.17 | -0.66 | -2.19 | -0.92 | -0.45 | -0.20 | -1.45 | -0.83 | -0.52 | -0.28 | -2.88 | -2.07 | -3.64 | -2.13 | -0.64 | -1.21 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 156.9 | 220.9 | 139.7 | 281.3 | 76.6 | 16.5 | 3.6 | 3.3 | 10.7 | 18.1 | 27.5 | ||||||
| Total Assets | 406.7 | 895.1 | 703.0 | 643.4 | 183.0 | 97.4 | 103.5 | 99.0 | 123.8 | 134.7 | 64.7 | ||||||
| Total Debt | 143.7 | 197.4 | 138.8 | 119.4 | 15.2 | 8.3 | 8.5 | 4.2 | 3.8 | 0.0 | 0.6 | ||||||
| Stockholders' Equity | 235.5 | 614.7 | 488.1 | 447.4 | 128.4 | 67.9 | 59.0 | 70.3 | 100.9 | 115.6 | 6.2 | ||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 32.9 | 45.5 | (42.6) | (94.4) | (18.6) | (9.9) | (1.1) | (8.7) | (4.6) | (0.6) | |||||||
| Capital Expenditure | (37.4) | (86.3) | (175.5) | (178.0) | (13.8) | (3.4) | (2.1) | (3.6) | (6.1) | (13.2) | |||||||
| Free Cash Flow | (4.6) | (40.7) | (218.1) | (272.4) | (32.4) | (13.3) | (3.2) | (12.2) | (10.7) | (13.8) | |||||||