What is Aspen Aerogels's cash ratio?

Aspen Aerogels (ASPN) reported cash ratio of 2× in Q1 2026.

How has Aspen Aerogels's cash ratio changed year-over-year?

Aspen Aerogels's cash ratio decreased by 16.0% year-over-year, from 2.4× to 2×.

What is the long-term trend for Aspen Aerogels's cash ratio?

Over 5 years (2020 to 2025), Aspen Aerogels's cash ratio has grown at a 16.4% compound annual growth rate (CAGR), from 1.2× to 2.5×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Aspen Aerogels ASPN Cash ratio

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Other financials

Income statement

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Revenue$37.9M-51.9%

Gross profit$4.3M-81.3%

Operating income-$20.8M+93.0%

Net income-$23.7M+92.1%

EPS (diluted)-$0.29+92.1%

Balance sheet

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Cash & equivalents$173.9M-9.5%

Total debt$113.4M-18.8%

Total equity$213.5M-32.2%

Total assets$410.5M-26.0%

Cash flow

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Operating cash flow$34.1M+506%

CapEx$1.4M-89.5%

Free cash flow$32.8M+545%

Valuation

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Market cap$470.74M-1.1%

Enterprise value$410.28M-3.1%

P/S2×+1.0×

Profitability

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Gross margin32.9%-7.1pp

Operating margin-43.3%-8.2pp

Net margin-48.6%-9.9pp

FCF margin-22.3%-10.1pp

Returns & leverage

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Return on equity-42.4%-12.2pp

Debt / equity0.5×+0.1×

Current ratio2.9×-1.3×

Where this comes from

Calculated from Aspen Aerogels’s reported figures.

cash and equivalents/total current liabilities=2×

Based on the most recent quarter.

The official record: Aspen Aerogels’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aspen Aerogels's cash ratio?: Aspen Aerogels (ASPN) reported cash ratio of 2× in Q1 2026.
How has Aspen Aerogels's cash ratio changed year-over-year?: Aspen Aerogels's cash ratio decreased by 16.0% year-over-year, from 2.4× to 2×.
What is the long-term trend for Aspen Aerogels's cash ratio?: Over 5 years (2020 to 2025), Aspen Aerogels's cash ratio has grown at a 16.4% compound annual growth rate (CAGR), from 1.2× to 2.5×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.