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Aspen Aerogels ASPN Thermal Barrier — Depreciation

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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 us-gaap:Depreciation.

The source filing: Aspen Aerogels’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340275
Line itemDepreciation Expense / Three Months Ended June 30, 2026Depreciation Expense / Three Months Ended June 30, 2025Depreciation Expense / Six Months Ended June 30, 2026Depreciation Expense / Six Months Ended June 30, 2025
Energy industrial$2,091$2,844$4,916$5,710
Thermal barrier$2,2012,952$4,7575,879
Consolidated depreciation expense$4,292$5,796$9,673$11,589

Item 1. Financial Statements.

FAQ

What is Aspen Aerogels's thermal barrier — depreciation?
Aspen Aerogels (ASPN) reported thermal barrier — depreciation of $2.2M in Q2 2026.
How has Aspen Aerogels's thermal barrier — depreciation changed year-over-year?
Aspen Aerogels's thermal barrier — depreciation decreased by 25.4% year-over-year, from $2.95M to $2.2M.
What is the long-term trend for Aspen Aerogels's thermal barrier — depreciation?
Over 3 years (2022 to 2025), Aspen Aerogels's thermal barrier — depreciation has grown at a 259.0% compound annual growth rate (CAGR), from $746K to $34.52M.
What does thermal barrier — depreciation mean?
The systematic allocation of the cost of tangible assets used in the production of thermal barrier solutions over their useful lives. This non-cash expense reflects the wear and tear of manufacturing equipment and infrastructure. Analyzing this metric provides insight into the capital intensity of the segment and the timing of major asset investments.

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