The Tip Desk

ASPEN AEROGELS INC

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$271.1$452.7$238.7$180.4$121.6
Operating income-$378.2$54.5-$49.2-$79.2-$40.6
Net income-$389.6$13.4-$45.8-$82.7-$37.1
Balance Sheet
Total debt—$114.7———
Cash Flow Statement
Free cash flow-$4.6-$40.7-$218.1-$272.4-$32.4

Shares outstanding 83.0M · Free float 90.2%

Annual filing data through FY ended December 31, 2025; float as of September 26, 2026.

Coverage