ASPN · Aspen Aerogels Inc
$5.74
+0.18 (+3.24%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$431.54M
Shares
82.99M
Volume · Oct 2
87.14K
Avg daily vol (3M)
1.16M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$5.56
Open$5.60
Day$5.30–5.65
52W close$2.57–8.82
Avg vol 30d882K
Short int9.1M · 10.9% float · 13.9d
Short vol37%
Last earningsAug 6, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 5 wks
filed Aug 7, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$202.09M
Trailing 12 months
Net income (TTM)
−$126.20M
Trailing 12 months
Revenue growth YoY
-36.1%
Year over year
Operating margin
-61.0%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
8.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.9%
Year over year · more shares
Price change (1Y)
-23.8%
Trailing year
Short interest
10.9%
Latest settlement · 13.9 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Aspen Aerogels guided Q3 2026 revenue to $65–$80M and adjusted EBITDA to $7–$15M, raised its 2026 European thermal barrier revenue outlook to $20–$30M, secured a new PyroThin design award from Jaguar Land Rover, and reported 32% QoQ revenue growth and 81% QoQ thermal barrier growth in Q2, while absorbing $5.3M of East Providence incident costs and an $8.9M property damage loss in the quarter.
Bullish
- + Q3 2026 revenue guided to $65M–$80M and adjusted EBITDA to $7M–$15M, implying 30%–60% QoQ revenue growth.
- + Raised 2026 European thermal barrier revenue outlook to $20M–$30M from prior $10M–$15M, after first-half European revenue of ~$10.9M already exceeded full-year 2025.
- + Won new Jaguar Land Rover PyroThin design award across two next-generation architectures supporting multiple brands, with SOP in 2027.
- + Targeting 2027 European thermal barrier revenue of $40M–$60M, doubling the 2026 outlook, with thermal-barrier awarded pipeline of $135M.
Bearish
- − Q2 2026 net loss widened to $23.3M from $9.1M year-over-year, with adjusted EBITDA of $(6.6)M vs $9.7M prior year.
- − Refinery and petrochemical activity has lagged expectations, with customers prioritizing uptime and compressing maintenance windows.
- − U.S. EV demand stabilized at ~6% of new vehicle sales, roughly half of 2025 levels, pressuring the North American thermal barrier business.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Poor
Quant / Vol
Very High
Market backdrop
VIX 16.4 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+26%
above
Price vs 50-day avg
+7%
above
RSI (14)
59
neutral
MACD trend
Positive
52-week position
48%
mid-range
Momentum
relative strength
1-month return
+13%
trailing
6-month return
+66%
trailing
YTD return
+96%
this year
Relative strength
+54%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $5 › 200d $4 — 50d above 200d
Institutional flow
Accumulating
+7% holders QoQ · +37 funds added
Insider flow
Distributing
Net -$58.1M over 90 days · 100% sells
Short interest
Rising
10.92% of float · ▲ +7.9% MoM · 13.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
181 holders — mid 3-yr range
Squeeze score
73
high risk · 0–100
Fundamentals
Revenue growth
−40%
Y/Y
Gross margin
17%
contracting
EPS growth
−2882%
Y/Y
Free cash flow
$-4.6M
Balance sheet
$106.2M
net cash
Quant / Vol
risk profile
Volatility
100%
annualized · 1-yr
Max drawdown
−71%
past year
ATR
5.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 6, 2026
Q3 2026
Q3 2026 Revenue
Initiated
$65M – $80M
prior qtr $49.85M
midpoint +45.4% QoQ
Q3 2026 Adjusted EBITDA
Non-GAAP
Initiated
$7M – $15M
FY 2026
FY 2026 Capital Expenditures, excluding costs related to the res
Initiated
up to $10M
Guided vs delivered
· last 5 settled
Total revenue
full year 2024
guided at least $350M
$452.7M
In line
Total revenue
2023 full year
guided at least $225M
$238.72M
In line
Total revenue
full-year 2022
guided $145M – $155M
$180.36M
Beat +20.2%
Total revenue
2021
guided $122M – $128M
$121.62M
Miss −2.7%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+26%
Bullish
Price vs 50-day avg
+7%
Bullish
RSI (14)
59
Neutral
MACD trend
Positive
Bullish
52-week position
48%
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $5 › 200d $4 — 50d above 200d
Institutional flow
Accumulating
+7% holders QoQ · +37 funds added
Insider flow
Distributing
Net -$58.1M over 90 days · 100% sells
Short interest
Rising
10.92% of float · ▲ +7.9% MoM · 13.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
181 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $3
Now $6 · 48%
Range high $9
vs 200-day avg +26%
vs 50-day avg +7%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -6.58M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss -$23.26M
+$4.29M Depreciation and amortization
+$3.69M Stock-based compensation
+$2.77M Other (income) expense, net
+$619K Income tax expense
+$0K Restructuring and demobilization costs
+$0K Impairment of property, plant and equipment
-$8.91M Insurance recovery receivable
+$8.91M Loss on property damage
+$5.32M East Providence incident-related costs
= Adjusted EBITDA -$6.58M
|
|||
| average selling price per square foot of energy industrial products (change) | 6% | the three months ended June 30, 2026 filing | — |
| energy industrial product shipments (change) | 5% | the three months ended June 30, 2026 filing | — |
| estimated insurance recoveries receivable | $8.9M | the three months ended June 30, 2026 filing | — |
| loss on property damage | $8.9M | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ASPN
this stock
Aspen Aerogels Inc
|
$431.54M | +96.5% | -40.1% | — | 10.9% |
|
LIN
Linde PLC
|
$216.61B | +10.1% | +3.0% | 30.3 | 1.3% |
|
AIQUF
L Air Liquide SA /Fi
|
$121.25B | -1.1% | — | — | 0.0% |
|
SHW
Sherwin Williams Co
|
$79.89B | -1.0% | +2.1% | 30.4 | 2.6% |
|
ECL
Ecolab Inc.
|
$78.35B | +3.3% | +2.2% | 37.5 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ASPN | +4.9% | +13.0% | +66.5% | +1.5% | +96.5% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | +5.3% | +13.2% | +54.0% | +1.3% | +84.4% |