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Aspen Aerogels ASPN Gross margin

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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/S+1.0×

Profitability

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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.

Based on trailing twelve months.

The official record: Aspen Aerogels’s 10-Q, filed November 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aspen Aerogels's gross margin?
Aspen Aerogels (ASPN) reported gross margin of 32.9% in Q3 2025.
How has Aspen Aerogels's gross margin changed year-over-year?
Aspen Aerogels's gross margin decreased by 17.7% year-over-year, from 40% to 32.9%.
What is the long-term trend for Aspen Aerogels's gross margin?
Over 3 years (2020 to 2024), Aspen Aerogels's gross margin has grown at a 40.5% compound annual growth rate (CAGR), from 14.6% to 40.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.