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Aspen Aerogels ASPN Thermal Barrier — Contract With Customer Liability Noncurrent Additions

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Other financials

Income statement

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Revenue$49.8M-36.1%
Gross profit$3.3M-87.1%
Operating income-$28.8M-458%
Net income-$23.3M-157%
EPS (diluted)-$0.28-155%

Balance sheet

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Cash & equivalents$151.7M-9.5%
Total debt$107.0M-19.5%
Total equity$192.5M-37.7%
Total assets$392.9M-25.2%

Cash flow

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Operating cash flow$34.1M+506%
CapEx$1.8M-86.0%
Free cash flow$32.8M+545%

Valuation

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Market cap$522M-8.8%
Enterprise value$477.26M-11.2%
P/S2.6×+1.1×

Profitability

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Gross margin32.9%-7.1pp
Operating margin-61%-6.0pp
Net margin-62.4%-10.6pp
FCF margin-22.3%-10.1pp

Returns & leverage

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Return on equity-50.4%-12.6pp
Debt / equity0.6×+0.1×
Current ratio2.5×-1.5×

Where this comes from

Reported directly by Aspen Aerogels in its filing.

Tagged under the XBRL concept aspn:ContractWithCustomerLiabilityNoncurrentAdditions.

The source filing: Aspen Aerogels’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-214672
Line itemBalance at December 31,2025AdditionsDeductionsBalance at March 31, 2026
Contract liabilities
Deferred revenue
Energy industrial$1,259$1,561$(325)$2,495
Thermal barrier19,47619,476
Deferred revenue long-term
Thermal barrier14,60714,607
Total contract liabilities$1,259$35,644$(325)$36,578

Item 1. Financial Statements.

FAQ

What is Aspen Aerogels's thermal barrier — contract with customer liability noncurrent additions?
Aspen Aerogels (ASPN) reported thermal barrier — contract with customer liability noncurrent additions of $14.61M in Q1 2026.
What does thermal barrier — contract with customer liability noncurrent additions mean?
The amount of new deferred revenue or performance obligations recognized during the period that are expected to be satisfied beyond one year for the thermal barrier segment. These additions reflect long-term contracts or multi-year project commitments. Tracking this metric is vital for understanding the long-term revenue backlog and the sustainability of the segment's business model.

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