What is Aspen Aerogels's R&D?

Aspen Aerogels (ASPN) reported R&D of $2.72M in Q1 2026.

How has Aspen Aerogels's R&D changed year-over-year?

Aspen Aerogels's R&D decreased by 37.1% year-over-year, from $4.33M to $2.72M.

What is the long-term trend for Aspen Aerogels's R&D?

Over 4 years (2021 to 2025), Aspen Aerogels's R&D has grown at a 4.1% compound annual growth rate (CAGR), from $11.44M to $13.42M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Aspen Aerogels ASPN R&D

R&D at other companies

Cabot CorporationCBT

$14M-6.7%

Owens CorningOC

$37M+5.7%

QuantumScape Corporation QS

$84.57M-11.5%

AlbemarleALB

$9.17M-35.0%

Honeywell InternationalHON

$492M+18.3%

Air Products and ChemicalsAPD

$21.6M-5.7%

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

Reported directly by Aspen Aerogels in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Aspen Aerogels (ASPN) reported R&D of $2.72M in Q1 2026.
How has Aspen Aerogels's R&D changed year-over-year?: Aspen Aerogels's R&D decreased by 37.1% year-over-year, from $4.33M to $2.72M.
What is the long-term trend for Aspen Aerogels's R&D?: Over 4 years (2021 to 2025), Aspen Aerogels's R&D has grown at a 4.1% compound annual growth rate (CAGR), from $11.44M to $13.42M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.