Aspen Aerogels Reports 66% Revenue Drop in Q4
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
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Should l Buy ASPN?
Source: stocktwits
- Significant Revenue Decline: Aspen Aerogels reported a staggering 66% drop in Q4 revenue to $41.3 million, falling short of analysts' expectations of $44.3 million, indicating weakened demand in its Thermal Barriers and Energy Industrials segments, which adversely affects market confidence.
- Widening Net Loss: The company posted a net loss of $72.9 million, or $0.88 per share, compared to a net income of $11.4 million last year, with losses attributed to restructuring, asset impairment, and other one-time charges, highlighting increasing financial pressure on the firm.
- Pessimistic Future Outlook: Aspen forecasts Q1 2026 revenue between $35 million and $40 million, with expected net losses ranging from $20 million to $23 million, suggesting challenges in regaining profitability in the near term, which may impact investor sentiment.
- Strategic Review Initiated: To strengthen its long-term positioning, Aspen has launched a strategic review and appointed Piper Sandler & Co. as its exclusive financial advisor, planning to evaluate a range of strategic alternatives to ensure proper company structuring, aimed at enhancing future market competitiveness.
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Analyst Views on ASPN
About ASPN
Aspen Aerogels, Inc. is an aerogel technology company, which provides sustainability and electrification solutions. Its aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Its segments include Energy Industrial and Thermal Barrier. Under the Energy Industrial, it designs, develops and manufactures aerogel insulation used in the energy industrial and sustainable insulation markets. It offers two aerogel insulation product lines for the energy industrial market, Pyrogel and Cryogel. Under the Thermal Barrier, it offers PyroThin product, is an ultra-thin, lightweight and flexible thermal barrier designed with other functional layers to impede the propagation of thermal runaway across multiple lithium-ion battery system architectures. Its thermal barrier technology is designed to offer a combination of thermal management, mechanical performance and fire protection properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aspen Aerogels Reports 66% Revenue Drop in Q4
- Significant Revenue Decline: Aspen Aerogels reported a staggering 66% drop in Q4 revenue to $41.3 million, falling short of analysts' expectations of $44.3 million, indicating weakened demand in its Thermal Barriers and Energy Industrials segments, which adversely affects market confidence.
- Widening Net Loss: The company posted a net loss of $72.9 million, or $0.88 per share, compared to a net income of $11.4 million last year, with losses attributed to restructuring, asset impairment, and other one-time charges, highlighting increasing financial pressure on the firm.
- Pessimistic Future Outlook: Aspen forecasts Q1 2026 revenue between $35 million and $40 million, with expected net losses ranging from $20 million to $23 million, suggesting challenges in regaining profitability in the near term, which may impact investor sentiment.
- Strategic Review Initiated: To strengthen its long-term positioning, Aspen has launched a strategic review and appointed Piper Sandler & Co. as its exclusive financial advisor, planning to evaluate a range of strategic alternatives to ensure proper company structuring, aimed at enhancing future market competitiveness.
See More
Aspen Aerogels Reports Q4 Losses and Weak Outlook
- Earnings Miss: Aspen Aerogels reported a Q4 non-GAAP EPS of -$0.34, missing expectations by $0.12, indicating a significant decline in profitability and reflecting weak market demand.
- Revenue Decline: The company’s Q4 revenue of $41.3 million represents a 66.4% year-over-year drop, falling short of the expected $43.9 million, highlighting a sharp reduction in customer demand following changes in regulatory frameworks and incentive programs.
- Adjusted EBITDA Loss: Adjusted EBITDA was $(18.0) million compared to $22.7 million in the prior year, indicating significant challenges in cost management and profitability, which may impact investor confidence moving forward.
- Pessimistic Financial Outlook: Aspen forecasts Q1 2026 revenue between $35 million and $40 million, well below the consensus of $48.88 million, with expected net losses of $20 million to $23 million, raising further concerns about its future performance.
See More
Aspen Aerogels Reports 2025 Financial Results and Strategic Review
- Declining Financial Performance: Aspen reported total revenue of $41.3 million for Q4 2025, a significant drop from $123.1 million in the same period last year, primarily due to a substantial decrease in customer demand following changes in regulatory frameworks, indicating challenges in the company's market competitiveness.
- Increased Net Loss: The company recorded a net loss of $389.6 million for the full year 2025, compared to a net income of $13.4 million in the prior year, with the loss largely attributed to a $291.2 million impairment charge and restructuring costs, highlighting severe pressures on financial health.
- Cash Flow Management: Aspen ended the year with a cash balance of $158.6 million, up from $152.4 million at the end of Q3, reflecting effective cash management strategies despite the overall poor financial condition.
- Strategic Review Initiated: The company has launched a strategic review to evaluate opportunities for strengthening its long-term competitive position, aiming to enhance shareholder value through optimized capital structure and commercial growth plans, demonstrating a commitment to transformation amid adversity.
See More
Earnings Reports Week for Major Companies
- Earnings Reporting Schedule: This week features earnings reports from the world's largest publicly traded companies across energy, retail, and tech sectors, with investors keenly observing performance and market reactions.
- JOBY Stock Movement: JOBY stock is experiencing volatility, and investor sentiment remains cautious ahead of upcoming earnings, particularly given the broader market context.
- Lucid Group Expectations: Lucid Group is set to report after Tuesday's close, with analysts forecasting a quarterly loss of $2.64 per share on revenue of approximately $473 million, focusing on gross margin and cash runway.
- AI Infrastructure Spending: Analysts anticipate a tech company's fourth-quarter revenue of around $65.6 billion and adjusted EPS of $1.52, with the market keenly awaiting Q1 guidance and CEO insights on AI infrastructure spending.
See More
Aspen Aerogels Schedules Q4 2025 Financial Results Conference Call
- Earnings Call Announcement: Aspen Aerogels will hold a conference call on February 25, 2026, at 8:30 a.m. ET to discuss its financial results for Q4 and the full year of 2025, with results expected to be released before market open, ensuring timely access to critical information for investors.
- Participation Details: Shareholders and interested parties can join the call by dialing +1 (404) 975-4839 for domestic or +1 (929) 526-1599 for international access, referencing conference ID “539718” a few minutes prior to the start time to ensure smooth entry.
- Live Webcast: The conference call will be available as a listen-only webcast on Aspen's investor section of its website, allowing investors who cannot dial in to access real-time financial information, thereby enhancing transparency and communication.
- Replay Availability: A replay of the webcast will be accessible on the investor section of Aspen's website for approximately one year post-call, providing investors with the flexibility to review the meeting content at their convenience, thus improving information retention and engagement.
See More
Aspen Aerogels Amends Credit Agreement with MidCap Financial to Enhance Liquidity
- Financial Flexibility Enhancement: Aspen Aerogels has amended its Credit, Security and Guaranty Agreement with MidCap Financial, which enhances the company's financial position and updates its financial covenant framework to provide additional flexibility, paving the way for future strategic execution.
- Positive Liquidity Outlook: CFO Grant Thoele noted that the company's liquidity outlook is trending ahead of expectations, reflecting operational efficiencies and working capital improvements, which will support strategic goals for 2026.
- Technological Leadership: Aspen is a technology leader in sustainability and electrification solutions, with its aerogel technology enabling customers to address global trends in resource efficiency and clean energy, further solidifying its market position.
- Market Opportunity Capture: By partnering with industry leaders, Aspen plans to leverage its Aerogel Technology Platform® into additional high-value markets, which is expected to drive future revenue growth and increase market share.
See More
Aspen Aerogels Reports 66% Revenue Drop in Q4
- Significant Revenue Decline: Aspen Aerogels reported a staggering 66% drop in Q4 revenue to $41.3 million, falling short of analysts' expectations of $44.3 million, indicating weakened demand in its Thermal Barriers and Energy Industrials segments, which adversely affects market confidence.
- Widening Net Loss: The company posted a net loss of $72.9 million, or $0.88 per share, compared to a net income of $11.4 million last year, with losses attributed to restructuring, asset impairment, and other one-time charges, highlighting increasing financial pressure on the firm.
- Pessimistic Future Outlook: Aspen forecasts Q1 2026 revenue between $35 million and $40 million, with expected net losses ranging from $20 million to $23 million, suggesting challenges in regaining profitability in the near term, which may impact investor sentiment.
- Strategic Review Initiated: To strengthen its long-term positioning, Aspen has launched a strategic review and appointed Piper Sandler & Co. as its exclusive financial advisor, planning to evaluate a range of strategic alternatives to ensure proper company structuring, aimed at enhancing future market competitiveness.
See More
Aspen Aerogels Reports Q4 Losses and Weak Outlook
- Earnings Miss: Aspen Aerogels reported a Q4 non-GAAP EPS of -$0.34, missing expectations by $0.12, indicating a significant decline in profitability and reflecting weak market demand.
- Revenue Decline: The company’s Q4 revenue of $41.3 million represents a 66.4% year-over-year drop, falling short of the expected $43.9 million, highlighting a sharp reduction in customer demand following changes in regulatory frameworks and incentive programs.
- Adjusted EBITDA Loss: Adjusted EBITDA was $(18.0) million compared to $22.7 million in the prior year, indicating significant challenges in cost management and profitability, which may impact investor confidence moving forward.
- Pessimistic Financial Outlook: Aspen forecasts Q1 2026 revenue between $35 million and $40 million, well below the consensus of $48.88 million, with expected net losses of $20 million to $23 million, raising further concerns about its future performance.
See More
Aspen Aerogels Reports 2025 Financial Results and Strategic Review
- Declining Financial Performance: Aspen reported total revenue of $41.3 million for Q4 2025, a significant drop from $123.1 million in the same period last year, primarily due to a substantial decrease in customer demand following changes in regulatory frameworks, indicating challenges in the company's market competitiveness.
- Increased Net Loss: The company recorded a net loss of $389.6 million for the full year 2025, compared to a net income of $13.4 million in the prior year, with the loss largely attributed to a $291.2 million impairment charge and restructuring costs, highlighting severe pressures on financial health.
- Cash Flow Management: Aspen ended the year with a cash balance of $158.6 million, up from $152.4 million at the end of Q3, reflecting effective cash management strategies despite the overall poor financial condition.
- Strategic Review Initiated: The company has launched a strategic review to evaluate opportunities for strengthening its long-term competitive position, aiming to enhance shareholder value through optimized capital structure and commercial growth plans, demonstrating a commitment to transformation amid adversity.
See More
Earnings Reports Week for Major Companies
- Earnings Reporting Schedule: This week features earnings reports from the world's largest publicly traded companies across energy, retail, and tech sectors, with investors keenly observing performance and market reactions.
- JOBY Stock Movement: JOBY stock is experiencing volatility, and investor sentiment remains cautious ahead of upcoming earnings, particularly given the broader market context.
- Lucid Group Expectations: Lucid Group is set to report after Tuesday's close, with analysts forecasting a quarterly loss of $2.64 per share on revenue of approximately $473 million, focusing on gross margin and cash runway.
- AI Infrastructure Spending: Analysts anticipate a tech company's fourth-quarter revenue of around $65.6 billion and adjusted EPS of $1.52, with the market keenly awaiting Q1 guidance and CEO insights on AI infrastructure spending.
See More
Aspen Aerogels Schedules Q4 2025 Financial Results Conference Call
- Earnings Call Announcement: Aspen Aerogels will hold a conference call on February 25, 2026, at 8:30 a.m. ET to discuss its financial results for Q4 and the full year of 2025, with results expected to be released before market open, ensuring timely access to critical information for investors.
- Participation Details: Shareholders and interested parties can join the call by dialing +1 (404) 975-4839 for domestic or +1 (929) 526-1599 for international access, referencing conference ID “539718” a few minutes prior to the start time to ensure smooth entry.
- Live Webcast: The conference call will be available as a listen-only webcast on Aspen's investor section of its website, allowing investors who cannot dial in to access real-time financial information, thereby enhancing transparency and communication.
- Replay Availability: A replay of the webcast will be accessible on the investor section of Aspen's website for approximately one year post-call, providing investors with the flexibility to review the meeting content at their convenience, thus improving information retention and engagement.
See More
Aspen Aerogels Amends Credit Agreement with MidCap Financial to Enhance Liquidity
- Financial Flexibility Enhancement: Aspen Aerogels has amended its Credit, Security and Guaranty Agreement with MidCap Financial, which enhances the company's financial position and updates its financial covenant framework to provide additional flexibility, paving the way for future strategic execution.
- Positive Liquidity Outlook: CFO Grant Thoele noted that the company's liquidity outlook is trending ahead of expectations, reflecting operational efficiencies and working capital improvements, which will support strategic goals for 2026.
- Technological Leadership: Aspen is a technology leader in sustainability and electrification solutions, with its aerogel technology enabling customers to address global trends in resource efficiency and clean energy, further solidifying its market position.
- Market Opportunity Capture: By partnering with industry leaders, Aspen plans to leverage its Aerogel Technology Platform® into additional high-value markets, which is expected to drive future revenue growth and increase market share.
See More
