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Aspen Aerogels ASPN Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$73.0MBeat by $28.6M
EPS-$0.06Beat by $0.15
Revenue estimate$44.4M
EPS estimate-$0.21

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$42.4M
EPS estimate-$0.23

Financials

Q3 2025

Income statement

See full
Revenue$73.0M-37.8%
Gross profit$20.8M-57.6%
Operating income-$3.3M-119%
Net income-$6.3M+51.2%
EPS (diluted)-$0.08+52.9%

Balance sheet

See full
Cash & equivalents$150.7M+32.8%
Total debt$125.5M-14.5%
Total equity$305.7M-39.8%
Total assets$491.4M-37.2%

Cash flow

See full
Operating cash flow$15.0M-27.6%
CapEx$9.1M-56.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$573.23M-73.1%
Enterprise value$548.01M-74.7%
P/S1.6×-3.5×

Profitability

See full
Gross margin32.9%-7.1pp
Operating margin-83.1%-92.7pp
Net margin-86.5%-86.9pp

Returns & leverage

See full
Return on equity-75.1%-75.4pp
Debt / equity0.4×+0.1×
Current ratio3.9×+1.0×

Segments

By geography

See full
International$15.0M-65.8%
Asia$6.4M+44.2%
Europe$4.9M-41.7%
Latin America$3.3M-87.0%

By product

See full
Thermal Barrier$48.7M-46.2%
Energy Industrial$24.3M-9.2%

Versus estimates

Revenue

Q1 2026$37.9MBeat by $1.3MQ4 2025$41.3MMiss by $2.9M
Q3 2025$73.0MBeat by $28.6M
Q2 2025$78.0MBeat by $7.5MQ1 2025$78.7MMiss by $10.7MQ4 2024$123.1MBeat by $2.3M

Diluted EPS

Q1 2026-$0.28Miss by $0.01Q4 2025-$0.34Miss by $0.07
Q3 2025-$0.06Beat by $0.15
Q2 2025-$0.04Beat by $0.08Q1 2025-$0.06Beat by $0.01Q4 2024$0.15Beat by $0.11

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Questions, answered.

When did Aspen Aerogels report Q3 2025 earnings?
Aspen Aerogels (ASPN) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Aspen Aerogels's Q3 2025 revenue and EPS?
Aspen Aerogels reported revenue of $73.0M and eps of $-0.06 for Q3 2025.
Did Aspen Aerogels beat estimates in Q3 2025?
Revenue beat the consensus estimate of $44.4M by $28.6M. EPS beat the consensus estimate of $-0.21 by $0.15.
How did Aspen Aerogels's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 37.8% from $117.3M a year earlier.
Where can I find Aspen Aerogels's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-007067) and the 10-Q periodic report (0001193125-25-270038) directly on SEC EDGAR. The filing index links above go to sec.gov.