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ASPN · NYSE · United States · Wholesale-Lumber & Other Construction Materials
In shortASPEN AEROGELS INC is loss-making, burns cash and holds more cash than debt, with revenue shrinking (−40.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -139.5% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -143.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -91.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -91.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.90× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.38× | 90/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -10.32 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -1.7% | 13/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 47.1% | 0/100 |
| Operating margin volatility | 56.8% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.5% | 97/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 122 | 180 | 239 | 453 | 271 |
| Cost of revenue | 112 | 175 | 182 | 270 | 225 |
| Gross profit | 9.9 | 5 | 57 | 183 | 46 |
| Research & development | 11 | 17 | 16 | 18 | 13 |
| Operating income | (41) | (79) | (49) | 55 | (378) |
| Pre-tax income | – | (83) | (46) | 15 | (387) |
| Income tax | – | 0 | 0 | 1.7 | 2.4 |
| Net income | (37) | (83) | (46) | 13 | (390) |
| Diluted EPS | −$1.22 | −$2.10 | −$0.66 | $0.17 | −$4.73 |
| Diluted shares (millions) | 30 | 39 | 69 | 80 | 82 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−10.32 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 7, 2026