Aspen Aerogels manufactures aerogel materials for thermal insulation and barrier applications across industrial and transportation sectors. The company designs and produces specialized aerogel products engineered for high-temperature and extreme environment applications, serving customers in energy production, chemical processing, and electric vehicle manufacturing. Its product portfolio includes PyroThin aerogel barriers for EV battery packs, Pyrogel formulations for refining and petrochemical facilities, Cryogel products for cryogenic systems, and Spaceloft Subsea for subsea pipe insulation in offshore oil operations.
The company operates through two segments: Energy Industrial and Thermal Barrier. The Energy Industrial segment supplies insulation materials for refineries, petrochemical plants, and subsea applications. The Thermal Barrier segment focuses on thermal management solutions for battery packs in electric vehicles and energy storage systems, serving EV manufacturers, automotive suppliers, and lithium-ion battery producers.
Aspen Aerogels was founded in 2001 and is headquartered in Northborough, Massachusetts. The company serves customers across North America, Europe, Asia, and Latin America, with established distribution channels in mature and emerging markets. Operations span multiple geographic regions to support its customer base in both legacy energy infrastructure and growing EV and battery manufacturing sectors.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $0.17 | $0.17 | +125.8% | |
| 2023 | $-0.66 | $-0.66 | +68.6% | |
| 2022 | $-2.10 | $-2.10 | — | |
| 2021 | — | — | — | |
| 2020 | — | — | — | |
| 2019 | — | — | — | |
| 2018 | — | — | — | |
| 2017 | — | — | — | |
| 2016 | — | — | — | |
| 2015 | $0.07 | $0.07 | +158.3% | |
| 2014 | $-0.12 | $-0.12 | — |
| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2024-12-31 | 2025-02-27 | 0000950170-25-029252 | SEC ↗ |
| 2023-12-31 | 2024-03-07 | 0000950170-24-028127 | SEC ↗ |
| 2022-12-31 | 2023-03-16 | 0000950170-23-008476 | SEC ↗ |
| 2021-12-31 | 2022-03-01 | 0001564590-22-007814 | SEC ↗ |
| 2020-12-31 | 2021-03-12 | 0001564590-21-012925 | SEC ↗ |
| 2019-12-31 | 2020-03-06 | 0001564590-20-009181 | SEC ↗ |
| 2018-12-31 | 2019-03-08 | 0001564590-19-006884 | SEC ↗ |
| 2017-12-31 | 2018-03-01 | 0001564590-18-004115 | SEC ↗ |
| 2016-12-31 | 2017-03-02 | 0001564590-17-003151 | SEC ↗ |
| 2015-12-31 | 2016-03-04 | 0001193125-16-493372 | SEC ↗ |
| 2014-12-31 | 2015-03-13 | 0001193125-15-091170 | SEC ↗ |