Business
Aspen Aerogels, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Recent Business Highlights
$158.6 million year-end cash balance; $37.6 million GM commercial settlement payment expected in Q1 2026North Sea subsea pipeline award and continued European OEM program progressInitiated a strategic review to strengthen long-term competitive positioning NORTHBOROUGH, Mass., Feb. 25, 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 fourth quarter a
About this update from Aspen Aerogels, Inc.
[{"type":"text","content":"$158.6 million year-end cash balance; $37.6 million GM commercial settlement payment expected in Q1 2026North Sea subsea pipeline award and continued European OEM program progressInitiated a strategic review to strengthen long-term competitive positioning","length":257,"tagName":"p"},{"type":"text","content":"NORTHBOROUGH, Mass., Feb. 25, 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 fourth quarter and full year 2025 and discussed recent business developments.","length":305,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2025 ResultsTotal revenue for the fourth quarter of 2025 was $41.3 million, compared to $123.1 million in the prior year period. Thermal barrier segment revenue was $16.1 million, compared to $70.0 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 $25.3 million, compared to $53.1 million in the prior year period.","length":473,"tagName":"p"},{"type":"text","content":"Net loss was $72.9 million, compared to net income of $11.4 million in the prior year period. Results for the fourth quarter of 2025 included restructuring and demobilization costs, loss on disposal of property, plant and equipment, impairment charges, and accelerated depreciation related to reassessed capacity. Excluding these items, adjusted net loss was $27.7 million.","length":373,"tagName":"p"},{"type":"text","content":"Net loss per share was $0.88, compared to a net income per share of $0.14 in the prior year period. Excluding the items described above, adjusted net loss per share was $0.34.","length":175,"tagName":"p"},{"type":"text","content":"Adjusted EBITDA was $(18.0) million, compared to $22.7 million in the prior year period.","length":88,"tagName":"p"},{"type":"text","content":"Full Year 2025 ResultsTotal revenue for the full year 2025 was $271.1 million, compared to $452.7 million in the prior year. Thermal barrier segment revenue was $168.9 million, compared to $306.8 million in the prior year, reflecting a significant reduction in customer demand following changes in regulatory frameworks and incentive programs. Energy Industrial segme...