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Aspen Aerogels (ASPN)
NYSE:ASPN
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
-3.67Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear near-term challenges—notably large GAAP losses, a Q4 margin hit driven by lower EV production, a customer-related $3M bad debt, and an expected negative-EBITDA Q1—with multiple strategic and financial positives: strong liquidity ($158.6M cash), substantial structural cost reductions (~$75M annually), a credible path to lower adjusted EBITDA breakeven (~$200M in 2026 and ~$175M by 2027), a meaningful European EV pipeline ($220M for 2027 expanding to >$450M in 2028), and expected Energy Industrial growth (~20% in 2026). Overall, the company presents a recovery plan and growth opportunities but still faces significant near-term profitability and market-demand headwinds.Company Guidance
Full Year and Segment Revenue
2025 revenue totaled $271.1 million, comprised of $168.9 million from Thermal Barrier and $102.2 million from Energy Industrial. Q4 2025 revenue was $41.3 million (Energy Industrial $25.3M; Thermal Barrier $16.1M).
Energy Industrial Growth Outlook
Management expects Energy Industrial to grow ~20% in 2026 driven by a robust subsea pipeline, increased LNG project count and revenue (expected to roughly double vs. 2025), and pent-up maintenance demand in refineries/petrochemicals.
European EV Pipeline and Design Wins
Europe momentum: seven European design wins (recent award with Volvo Car). Company reports a Europe-only pipeline of approximately $220 million tied to 2027 launches and expanding to >$450 million in 2028; expects European OEM programs to contribute ~$10M–$15M in 2026.
Liquidity and Cash Position
Ended 2025 with $158.6 million in cash and cash equivalents; generated $6.1 million of cash in Q4 2025 despite P&L headwinds. Amended MidCap credit agreement to increase covenant flexibility and maintain substantial liquidity cushion.
Structural Cost Reductions and Operating-Leverage Targets
Structural fixed cash cost reductions of approximately $75 million annually. Adjusted EBITDA breakeven target reduced from ~$330M (2024) to ~$270M (2025) to ~ $200M (2026) and targeted ~ $175M by 2027, improving capital efficiency and operating leverage.
Profitability Path and Margin Targets
FY 2025 gross profit was $46.3 million (17% gross margin). Management expects margin expansion as volumes recover and cost structure improvements take effect; incremental revenue above breakeven targeted to deliver 50%–60% EBITDA margins.
Battery Energy Storage and Adjacent Opportunities
Company is developing a battery energy storage systems (BESS) segment leveraging existing technology and domestic capacity; expects initial revenue in 2026 and views the market as having material long-term potential. Also pursuing selective building & construction and defense opportunities.
Capital Discipline and 2026 Financial Outlook
2026 guidance: Q1 revenue $35M–$40M (seasonal low), adjusted EBITDA guidance for Q1 of negative $13M to negative $10M, minimal capex ($~10M for 2026), scheduled debt amortization ~$35M including $24M term loan principal; company expects to expand net cash position to over $70M by end of 2026.
ASPN Earnings History
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 |
|---|---|---|---|
Nov 06, 2025 | $7.41 | $4.11 | -44.53% |
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% |
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 (ASPN) report earnings?
Aspen Aerogels (ASPN) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Aspen Aerogels (ASPN) earnings time?
Aspen Aerogels (ASPN) earnings time is at Apr 23, 2026, 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 2026 (Q1) is -0.27.