ASPN - NYSE
Aspen Aerogels, Inc.
$5.90
-5.1%Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production. It also offers Spaceloft Grey and Spaceloft A2 for use in the building materials market; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
At a Glance
Live SnapshotAspen Aerogels, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Aspen Aerogels, Inc. Cash Flow Statement
ASPN • NYSE
| Aspen Aerogels, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||||||||
-389.6M | 13.4M | -45.8M | -82.7M | -37.1M | -21.8M | -14.6M | -34.4M | -19.3M | -12M | -6.4M | -66.3M | -47.6M | -56.1M | -32.8M | -9.9M | -18.6M | |
45.2M | 22.5M | 18.2M | 9.2M | 9.4M | 10.2M | 10.2M | 10.8M | 10.8M | 9.9M | 9.9M | 10.2M | 10.1M | 9.7M | 7.5M | 4.6M | 5.6M | |
0.0 | 0.0 | 0.0 | 0.0 | -3.8M | 325K | 0.0 | 10.3M | 0.0 | 0.0 | 0.0 | 119K | -5M | 3.9M | 4.1M | 53K | 0.0 | |
8.6M | 12.9M | 0.0 | 9.4M | 5.2M | 5M | 3.8M | 4.3M | 5.1M | 5.3M | 5.4M | 8.8M | 4.4M | 1.7M | 1.1M | 468K | 831K | |
320.1M | 47.8M | 16.2M | 7.9M | 1.6M | 980K | 947K | -121K | -112K | 656K | -139K | 50M | 36M | 21.6M | 8.2M | 2.4M | 3M | |
48.6M | -51M | -31.2M | -38.2M | 6M | -4.6M | -1.4M | 540K | -1M | -4.4M | -3.4M | 3.9M | -11.6M | -6.6M | -12.3M | -12.8M | -3.8M | |
32.9M | 45.5M | -42.6M | -94.4M | -18.6M | -9.9M | -1.1M | -8.7M | -4.6M | -578K | 5.4M | 6.6M | -13.7M | -25.9M | -24.2M | -15.1M | -13M | |
INVESTING ACTIVITIES | |||||||||||||||||
-37.4M | -86.3M | -175.5M | -178M | -13.8M | -3.4M | -2.1M | -3.6M | -6.1M | -13.2M | -22M | -13.2M | -3.3M | -10.2M | -36.3M | -11.3M | -1.6M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (22M) | (0.0) | (0.0) | (0.0) | (0.0) | (11.3M) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -2.5M | (0.0) | (0.0) | (0.0) | (0.0) | -15M | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.5M | 0.0 | 0.0 | 0.0 | 4M | 11M | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -13.2M | -22M | -13.2M | 0.0 | 451K | 406K | -11.6M | -139K | |
-37.4M | -86.3M | -175.5M | -178M | -13.8M | -3.4M | -2.1M | -3.6M | -6.1M | -13.2M | -22M | -13.2M | -3.3M | -9.8M | -31.9M | -15.7M | -1.8M | |
FINANCING ACTIVITIES | |||||||||||||||||
1.9M | 93.8M | 76.5M | 391.3M | 94.4M | 24.7M | 0.0 | -551K | 0.0 | 0.0 | 0.0 | 74.7M | 0.0 | 5K | 31K | 2K | 0.0 | |
-59.2M | 25.6M | -623K | 100M | 0.0 | 563K | -1.1M | 431K | 3.7M | -68K | -80K | -19.9M | 18.1M | 26.2M | 40.4M | 9.7M | -269K | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -470K | -551K | -391K | -200K | -238K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-765K | 2.6M | -420K | -12.9M | -1.9M | 931K | 4.5M | 5M | -391K | -856K | -238K | -47K | -872K | -425K | 0.0 | -687K | 0.0 | |
-58.1M | 122M | 75.5M | 478.4M | 92.5M | 26.2M | 3.5M | 4.9M | 3.3M | -924K | -318K | 54.7M | 17.2M | 25.8M | 40.5M | 30.1M | 30.3M | |
CASH FLOW SUMMARY | |||||||||||||||||
-62.7M | 81.3M | -142.6M | 206M | 60.1M | 12.9M | 306K | -7.4M | -7.4M | -14.7M | -16.9M | 48.1M | 231K | -9.9M | -15.6M | -702K | 15.5M | |
221.3M | 140M | 282.6M | 76.6M | 16.5M | 3.6M | 3.3M | 10.7M | 18.1M | 32.8M | 49.7M | 1.6M | 1.3M | 11.2M | 26.8M | 27.5M | 12M | |
158.6M | 221.3M | 140M | 282.6M | 76.6M | 16.5M | 3.6M | 3.3M | 10.7M | 18.1M | 32.8M | 49.7M | 1.6M | 1.3M | 11.2M | 26.8M | 27.5M | |
-4.6M | -40.7M | -218.1M | -272.4M | -32.4M | -13.3M | -3.2M | -12.2M | -10.7M | -13.8M | -16.6M | -6.6M | -17M | -36.1M | -60.5M | -26.5M | -14.6M |
SEC Filings
ASPN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 18, 2026 | May 12, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 27, 2026 | May 13, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | March 23, 2026 | December 31, 2025 | 2025 | |
10-K 10-K 2025 FY FY | March 13, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 25, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 18, 2025 | December 16, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 06, 2025 | 2025 |
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