Business

Aspen Aerogels, Inc. Reports First Quarter 2026 Financial Results and Recent Business Highlights

East Providence manufacturing facility expected to have a staged restart beginning in May$175.6 million quarter-end cash balance; up from $158.6 million at year-end 2025Secured an additional subsea pipeline award to be delivered in Q3 2026 NORTHBOROUGH, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2026, and discus

articleAspen Aerogels, Inc.May 7, 202616/company/aspen-aerogels-inc/news/aspen-aerogels-inc-reports-first-quarter-2026-financial-results-and-recent-business-highlights
Aspen Aerogels, Inc. Reports First Quarter 2026 Financial Results and Recent Business Highlights

About this update from Aspen Aerogels, Inc.

[{"type":"image","alt":"Aspen Aerogels, Inc.","displaySize":"","headline":null,"caption":"Aspen Aerogels, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":295,"height":65,"url":"https://media.zenfs.com/en/globenewswire.com/31951b6345ef6fd41ae81e6a37b9cd03"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vCouk6F5SxPnHol7n46.Kg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTkz/https://media.zenfs.com/en/globenewswire.com/31951b6345ef6fd41ae81e6a37b9cd03","width":295,"height":65},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/vCouk6F5SxPnHol7n46.Kg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTkz/https://media.zenfs.com/en/globenewswire.com/31951b6345ef6fd41ae81e6a37b9cd03","width":295,"height":65}},"lazy":false},{"type":"text","content":"East Providence manufacturing facility expected to have a staged restart beginning in May$175.6 million quarter-end cash balance; up from $158.6 million at year-end 2025Secured an additional subsea pipeline award to be delivered in Q3 2026","length":241,"tagName":"p"},{"type":"text","content":"NORTHBOROUGH, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2026, and discussed recent business developments.","length":293,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Results Total revenue for the first quarter of 2026 was $37.9 million, compared to $78.7 million in the prior year period. During the first quarter of 2026, the Company received $37.6 million in cash from General Motors related to a commercial settlement, of which $3.5 million was recognized as revenue in the first quarter. The remainder has been recorded as deferred revenue, with approximately $4.9 million to be recognized as revenue quarterly through the end of 2027. Thermal barrier segment revenue was $16.3 million, compared to $48.9 million in the prior year period, reflecting a significant reduction in customer demand following changes in regulatory frameworks and incentive programs. Energy Industrial segment revenue was $21.6 million, compared to $29.8 million in the prior year period.","length":822,"tagName":"p"},{"type":"text","content":"Net loss was $23.7 million, compared to net loss of $301.2 million in the prior year period. Results for the fi...

More updates from Aspen Aerogels, Inc.

East ProvidenceGAAPNet lossfinancial resultsmanufacturing facilityfinancial measuresAspen