Aspen Aerogels is navigating through a challenging environment with significant revenue declines and losses. However, the company is making strategic cost optimizations and capital management decisions that position it well for future profitability. While there are promising signs in the EV thermal barrier market and upcoming opportunities in Subsea and LNG projects, current market conditions remain difficult.

Company Guidance -

Q3 2025

During the Aspen Aerogels Q2 2025 financial results call, management provided guidance that highlights the company's strategic focus on cost optimization and future growth. For the second half of 2025, Aspen aims to achieve revenue between $140 million and $160 million, potentially doubling its adjusted EBITDA to $20 million to $30 million. This guidance reflects the benefits of a streamlined organization, which includes reducing $65 million in costs and optimizing the fixed cost structure. Despite a reported 34% year-over-year revenue decline for Q2, with revenues of $78 million, and a net loss of $9.1 million, the company anticipates a resilient future with growth in both the Thermal Barrier and Energy Industrial segments. Aspen expects to generate $35 million to $45 million in adjusted EBITDA for the full year, maintaining a strong cash position and strategic flexibility, bolstered by anticipated asset sales from its Plant 2.

Cost Optimization and Profitability Improvement

Aspen Aerogels has successfully removed approximately $65 million in costs, bringing OpEx back to 2022 levels and optimizing its fixed cost structure to drive profitability at lower revenue levels.

Strong Financial Position

The company ended the quarter with $168 million in cash and equivalents, and shareholders' equity of $308.8 million, with plans to enhance the cash position by selling assets related to Plant 2 for an estimated $50 million.

Positive Outlook for Adjusted EBITDA

The company anticipates generating approximately 2x the adjusted EBITDA in the second half of 2025 compared to the first half, highlighting the benefits of a lower fixed cost structure.

EV Thermal Barrier Revenue Growth

EV thermal barrier demand increased by 14% quarter-over-quarter, driven by General Motors production volumes stabilizing and increasing.

Aspen Aerogels (ASPN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ASPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.02 / -	-0.17	―	―	―
Aug 07, 2025	2025 (Q2)	-0.11 / -0.11	0.21	-152.38% (-0.32)
May 08, 2025	2025 (Q1)	-0.07 / -3.67	-0.02	-18250.00% (-3.65)
Feb 12, 2025	2024 (Q4)	0.09 / 0.14	-0.01	1500.00% (+0.15)
Nov 06, 2024	2024 (Q3)	-0.08 / -0.17	-0.19	10.53% (+0.02)
Aug 07, 2024	2024 (Q2)	0.05 / 0.21	-0.22	195.45% (+0.43)
May 01, 2024	2024 (Q1)	-0.13 / -0.02	-0.24	91.67% (+0.22)
Feb 12, 2024	2023 (Q4)	-0.11 / -0.01	-0.2	95.00% (+0.19)
Nov 01, 2023	2023 (Q3)	-0.27 / -0.19	-0.75	74.67% (+0.56)
Aug 02, 2023	2023 (Q2)	-0.37 / -0.22	-0.68	67.65% (+0.46)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ASPN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$7.57	$7.55	-0.26%
May 08, 2025	$5.69	$4.31	-24.25%
Feb 12, 2025	$11.75	$9.00	-23.40%
Nov 06, 2024	$16.86	$16.77	-0.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Aspen Aerogels Inc (ASPN) report earnings?

Aspen Aerogels Inc (ASPN) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Aspen Aerogels Inc (ASPN) earnings time?

Aspen Aerogels Inc (ASPN) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ASPN EPS forecast?

ASPN EPS forecast for the fiscal quarter 2025 (Q3) is -0.02.

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