Aspen Aerogels, Inc.

ASPN

ASPNAspen Aerogels, Inc. US flag

New York Stock Exchange

5.90

USD

-0.32

- -

488.98MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	46	63	86	102	123	118	112	104	139	100	122	180	239	453	271
+ Sales & Services Revenue	46	63	86	102	123	118	112	104	139	100	122	180	239	453	271
- Cost of Revenue	49	71	75	85	98	94	93	92	113	86	112	175	182	270	225
+ Cost of Goods & Services	49	71	75	85	98	94	93	92	113	86	112	175	182	270	225
Gross Profit	-3	-8	11	17	25	23	19	13	26	15	10	5	57	183	46
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	19	25	27	33	31	35	38	39	40	36	51	84	106	125	97
+ Selling, General & Admin	14	20	22	27	26	29	32	33	32	27	39	67	90	107	84
+ Research & Development	4	5	5	6	5	5	6	6	8	9	11	17	16	18	13
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-21	-33	-17	-16	-6	-11	-19	-27	-14	-22	-41	-79	-49	58	-51
- Non-Operating (Income) Loss	12	23	31	50	- -	1	- -	8	- -	- -	-4	3	-3	43	336
+ Interest Expense, Net	8	22	31	50	- -	- -	- -	1	- -	- -	- -	3	-1	12	11
+ Interest Expense	8	22	31	50	- -	- -	- -	1	- -	- -	- -	5	5	12	11
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	7	- -	- -
+ Other Non-Op (Income) Loss	4	1	- -	- -	- -	1	- -	7	- -	- -	-4	- -	-2	31	325
Pretax Income	-33	-56	-48	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	15	-387
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-33	-56	-48	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	13	-390
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-33	-56	-48	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	13	-390
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-33	-56	-48	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	13	-390
- Preferred Dividends	24	-47	-85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-56	-9	38	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	13	-390
EBIT	-21	-33	-17	-16	-6	-11	-19	-27	-14	-22	-41	-79	-49	58	-51
EBITDA	-14	-23	-6	-6	4	-1	-8	-16	-4	-11	-31	-70	-34	81	-6
EBITDA Margin (%)	-29.75	-36.7	-7.52	-5.72	2.98	-1.16	-7.51	-15.11	-2.83	-11.34	-25.62	-38.82	-14.19	17.8	-2.3
EBITA	-21	-33	-17	-16	-6	-11	-19	-27	-14	-22	-41	-79	-49	58	-51
Gross Margin (%)	-5.71	-12.56	12.46	16.68	20.12	19.8	16.73	12.14	18.86	14.55	8.17	2.76	23.84	40.4	16.97
Operating Margin (%)	-46.12	-51.96	-19.2	-15.67	-5.09	-9.53	-17.14	-25.45	-10.16	-21.51	-33.38	-43.94	-20.61	12.82	-18.96
Profit Margin (%)	-71.45	-88.48	-55.3	-64.77	-5.24	-10.21	-17.31	-33	-10.45	-21.75	-30.5	-45.87	-19.19	2.95	-143.69
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	8	10	10	10	10	10	11	11	10	10	9	9	15	23	45
Basic Weighted Avg Shares	23	23	23	12	23	23	23	24	24	26	30	39	69	78	82
Basic EPS, GAAP	-2.46	-0.39	1.63	-5.37	-0.28	-0.52	-0.83	-1.45	-0.6	-0.83	-1.22	-2.1	-0.66	0.17	-4.73
Basic EPS from Cont Ops	-1.43	-2.44	-2.07	-5.37	-0.28	-0.52	-0.83	-1.45	-0.6	-0.83	-1.22	-2.1	-0.66	0.17	-4.73
Diluted Weighted Avg Shares	23	23	23	12	23	23	23	24	24	26	30	39	69	80	82
Diluted EPS, GAAP	-2.46	-0.39	1.63	-5.37	-0.28	-0.52	-0.83	-1.45	-0.6	-0.83	-1.22	-2.1	-0.66	0.17	-4.73
Diluted EPS from Cont Ops	-1.43	-2.44	-2.07	-5.37	-0.28	-0.52	-0.83	-1.45	-0.6	-0.83	-1.22	-2.1	-0.66	0.17	-4.73

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	22	28	73	62	50	48	37	46	47	112	370	266	409	242
+ Cash, Cash Equivalents & STI	- -	1	2	50	33	18	11	3	4	16	77	281	140	221	157
+ Cash & Cash Equivalents	- -	1	2	50	33	18	11	3	4	16	77	281	140	221	157
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	14	19	18	21	18	27	26	32	16	20	57	70	109	35
+ Accounts Receivable, Net	- -	14	19	18	21	18	27	26	32	16	20	57	70	109	35
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	6	7	5	7	13	9	7	9	13	12	23	39	48	38
+ Raw Materials	- -	3	3	4	4	4	3	3	4	4	7	20	25	14	8
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	8	10	6
+ Finished Goods	- -	4	4	1	2	9	6	4	4	9	5	- -	7	24	25
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	1	1	2	2	1	1	1	2	3	8	17	32	12
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	73	62	72	78	84	76	62	58	50	71	274	437	486	165
+ Property, Plant & Equip, Net	- -	73	62	71	78	84	76	62	58	50	69	271	434	480	123
+ Property, Plant & Equip	- -	109	105	124	141	156	159	154	160	163	191	401	576	637	318
- Accumulated Depreciation	- -	37	43	53	62	72	83	93	103	113	122	130	141	157	196
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	3	2	6	42
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	3	2	6	42
Total Assets	- -	95	90	145	140	135	124	99	104	97	183	643	703	895	407
+ Payables & Accruals	- -	10	8	15	12	14	12	14	14	7	19	58	57	61	23
+ Accounts Payable	- -	9	7	14	11	13	11	12	13	5	17	55	51	44	13
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	1	1	1	1	1	1	1	2	1	2	4	6	17	10
+ ST Debt	- -	1	19	- -	- -	- -	4	4	4	3	2	2	2	27	35
+ ST Borrowings	- -	1	19	- -	- -	- -	4	4	3	2	- -	- -	- -	20	25
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2	2	2	7	9
+ Other ST Liabilities	- -	10	5	5	5	4	6	5	12	5	15	18	19	22	4
+ Deferred Revenue	- -	1	1	- -	1	1	1	3	6	2	6	6	2	2	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	9	4	5	5	3	5	3	6	3	9	12	17	19	3
Total Current Liabilities	- -	21	31	20	17	18	22	23	30	14	37	79	78	110	62
+ LT Debt	- -	109	120	- -	- -	- -	- -	- -	4	6	13	117	137	170	109
+ LT Borrowings	- -	109	120	- -	- -	- -	- -	- -	- -	2	- -	104	115	137	80
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	4	4	13	13	22	33	29
+ Other LT Liabilities	- -	- -	1	1	- -	1	1	6	10	10	5	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	1	1	6	10	10	5	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	109	121	1	- -	1	1	6	14	16	18	117	137	170	109
Total Liabilities	- -	130	152	21	18	19	23	29	45	30	55	196	215	280	171
+ Preferred Equity and Hybrid Capital	- -	86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	164	271	523	528	533	538	542	545	576	673	1,075	1,162	1,275	1,285
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	164	271	523	528	533	538	542	545	576	673	1,075	1,162	1,275	1,285
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	-285	-333	-399	-406	-418	-437	-472	-486	-508	-545	-628	-674	-660	-1,050
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	-35	-62	124	122	116	101	70	59	68	128	447	488	615	236
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	-35	-62	124	122	116	101	70	59	68	128	447	488	615	236
Total Liabilities & Equity	- -	95	90	145	140	135	124	99	104	97	183	643	703	895	407
Shares Outstanding	- -	23	23	23	23	23	24	24	24	28	33	70	77	82	83
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	5	5	15	16	24	41	39
Net Debt	- -	109	137	-50	-33	-18	-7	1	-1	-13	-77	-178	-25	-64	-52
Net Debt to Equity	- -	-314.42	-220.67	-40.19	-26.78	-15.65	-6.88	1.22	-0.86	-18.91	-59.63	-39.73	-5.07	-10.42	-22.05
Tangible Common Equity Ratio	- -	-126.75	-68.67	85.3	87.44	85.81	81.53	70.95	56.99	69.65	70.19	69.54	69.42	68.67	57.91
Current Ratio	- -	1.05	0.89	3.63	3.54	2.77	2.21	1.61	1.5	3.38	3.07	4.68	3.41	3.72	3.9
Cash Conversion Cycle	26.95	35.63	62.91	43.91	33.09	53.63	66.56	77.14	61.85	97.46	57.58	43.79	62	68.25	118.04

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-33	-56	-48	-66	-6	-12	-19	-34	-15	-22	-37	-83	-46	13	-390
+ Depreciation & Amortization	8	10	10	10	10	10	11	11	10	10	9	9	15	23	45
+ Non-Cash Items	13	27	35	59	5	6	5	14	5	6	3	17	19	61	329
+ Stock-Based Compensation	1	2	4	9	5	5	5	4	4	5	5	9	11	13	9
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	4	2	4	- -	- -	- -	- -	7	- -	- -	- -	- -	- -	9	292
+ Other Non-Cash Adj	8	23	27	50	- -	1	- -	3	1	1	-2	8	8	38	29
+ Chg in Non-Cash Work Cap	-12	-7	-12	4	-3	-4	-1	1	-1	-5	6	-38	-31	-51	49
+ (Inc) Dec in Accts Receiv	3	-7	-5	1	-3	3	-9	-2	-7	16	-5	-37	-13	-39	70
+ (Inc) Dec in Inventories	-7	3	-1	2	-2	-6	4	2	-1	-4	1	-11	-17	-8	9
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	-1	- -	- -	- -	- -	-1	-2	-3	-7	-20	18
+ Inc (Dec) in Accts Payable	-1	3	1	1	1	-2	3	- -	4	-11	14	11	11	19	-43
+ Inc (Dec) in Other	-6	-6	-7	- -	- -	1	- -	1	2	-4	-2	2	-6	-3	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-24	-26	-14	7	5	-1	-5	-9	-1	-10	-19	-94	-43	46	33
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	75	- -	- -	- -	- -	- -	25	94	390	75	94	- -
+ Increase in Capital Stock	- -	- -	- -	75	- -	- -	- -	- -	- -	25	94	390	75	94	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	4	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-36	-10	-3	-13	-22	-13	-6	-4	-2	-3	-14	-178	-175	-86	-37
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-32	-10	-3	-13	-22	-13	-6	-4	-2	-3	-14	-178	-175	-86	-37
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	45	26	18	-20	- -	- -	4	- -	-2	1	- -	100	- -	26	-59
+ Cash From Debt	47	50	38	4	- -	- -	27	57	- -	4	- -	100	- -	183	- -
+ Repayments of Debt	-2	-24	-20	-24	- -	- -	-24	-56	-2	-3	- -	- -	- -	-157	-59
+ Other Financing Activities	-4	- -	-1	- -	- -	-1	- -	4	6	1	-2	-12	- -	3	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	40	26	17	55	- -	-1	3	5	3	26	92	478	75	122	-58
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-16	-10	- -	48	-17	-15	-7	-7	- -	13	60	206	-143	81	-63
EBITDA	-14	-23	-6	-6	4	-1	-8	-16	-4	-11	-31	-70	-34	81	-6
EBITDA Margin (%)	-29.75	-36.7	-7.52	-5.72	2.98	-1.16	-7.51	-15.11	-2.83	-11.34	-25.62	-38.82	-14.19	17.8	-2.3
Free Cash Flow	-24	-26	-14	7	5	-1	-5	-9	-1	-10	-19	-94	-43	46	33
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	56	- -
Free Cash Flow to Equity	-3	134	3	-13	5	-1	-1	-8	-3	-9	-19	6	-43	71	-26
Free Cash Flow per Basic Share	-1.05	-1.13	-0.6	0.54	0.23	-0.02	-0.2	-0.36	-0.04	-0.38	-0.61	-2.4	-0.61	0.59	0.4
Price/Free Cash Flow	- -	- -	- -	14.82	26.04	-165.34	-24.78	-5.84	-177.43	-44.36	-81.34	-4.92	-25.71	20.95	7.09
Cash Flow to Net Income	0.74	0.46	0.29	-0.1	-0.84	0.05	0.24	0.25	0.07	0.46	0.5	1.14	0.93	3.41	-0.08
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -