Earnings summaries and quarterly performance for ASPEN AEROGELS.
Executive leadership at ASPEN AEROGELS.
Donald Young
Detailed
President and Chief Executive Officer
CEO
Corby Whitaker
Detailed
Senior Vice President, Sales and Marketing
Gregg Landes
Detailed
Senior Vice President, Operations and Strategic Development
Keith Schilling
Detailed
Senior Vice President, Technology
Ricardo Rodriguez
Detailed
Chief Financial Officer and Treasurer
Stephanie Pittman
Detailed
Chief Human Resources Officer
Virginia Johnson
Detailed
Chief Legal Officer, General Counsel and Corporate Secretary
Board of directors at ASPEN AEROGELS.
Research analysts who have asked questions during ASPEN AEROGELS earnings calls.
Colin Rusch
Oppenheimer & Co. Inc.
4 questions for ASPN
Also covers: AEVA, ALB, AMPX +23 more
Eric Stine
Craig-Hallum Capital Group LLC
3 questions for ASPN
Also covers: ALTO, AMRC, AMSC +18 more
George Gianarikas
Canaccord Genuity
2 questions for ASPN
Also covers: AEVA, AIRJ, AMRC +21 more
Jeffrey Osborne
TD Cowen
2 questions for ASPN
Also covers: AUR, BLDP, CRNC +14 more
Leanne Hayden
Canaccord Genuity Group Inc.
2 questions for ASPN
Also covers: LYTS, MP, SMR
Ryan Pfingst
B. Riley Securities
2 questions for ASPN
Also covers: AMPX, AMRC, EOSE +8 more
Thomas Patrick Curran
Seaport Research Partners
2 questions for ASPN
Also covers: EOSE, HP, LBRT +1 more
Alex Potter
Piper Sandler & Co.
1 question for ASPN
Also covers: CVNA, LILM, PSIX +1 more
Chip Moore
EF Hutton
1 question for ASPN
Also covers: AMPX, CMT, ENS +3 more
David Anderson
Barclays PLC
1 question for ASPN
Also covers: BKR, CHX, FTI +7 more
Itay Michaeli
TD Cowen
1 question for ASPN
Also covers: APTV, AUR, AXL +11 more
J. David Anderson
Barclays
1 question for ASPN
Also covers: BKR, FTI, HAL +7 more
Tom Curran
Seaport Research Partners
1 question for ASPN
Also covers: HP, LBRT
Recent press releases and 8-K filings for ASPN.
Aspen Aerogels Reports Q3 2025 Results and Updates Outlook Amid EV Market Headwinds
ASPN
Earnings
Guidance Update
Demand Weakening
- Aspen Aerogels reported Q3 2025 revenue of $73 million and adjusted EBITDA of $6.3 million. The company provided Q4 2025 revenue guidance of $40 million to $50 million and adjusted EBITDA guidance of negative $14 million to negative $6 million, leading to a full-year 2025 revenue outlook of $270 million to $280 million and adjusted EBITDA of $7 million to $15 million.
- The North American EV market is experiencing significant headwinds, with GM recalibrating production due to regulatory shifts and softer consumer demand. Despite this, Aspen secured a new European OEM design award with potential to ramp in 2027 and anticipates ACC (a European customer) to ramp battery cell production in 2026, with European OEMs potentially contributing $10 million to $15 million in 2026 and over $150 million in 2027 at full volumes.
- The energy industrial segment is stabilizing and expected to grow in 2026, with subsea project revenue potentially exceeding $80 million over the next three years (including $15 million to $20 million in 2026) and a long-term trajectory towards a $200 million business. Additionally, new opportunities are emerging in battery energy storage systems (BESS), leveraging Pyrothin thermal barrier technology.
- Grant Fairley assumed the role of CFO effective October 1st, and Glenn Deegan was appointed Chief Administrative Officer. The company aims for adjusted EBITDA break-even at approximately $200 million of annual revenue, with an operating expense run rate of $20 million to $22 million and expects to drop $0.50 to $0.60 to the bottom line on every dollar of additional revenue above break-even.
Nov 6, 2025, 1:30 PM
Aspen Announces Q3 2025 Earnings and Full-Year Outlook
ASPN
Earnings
Guidance Update
Demand Weakening
- Aspen reported Q3 2025 revenues of $73.0 million, a net loss of $(6.3) million, and Adjusted EBITDA of $6.3 million.
- The company provided a full-year 2025 revenue outlook of $270-280 million and Adjusted EBITDA of $7-15 million.
- The US EV market reset is driving lower near-term volumes, while Energy Industrial revenues increased 7% quarter-over-quarter.
- Aspen is targeting break-even EBITDA at approximately $200 million of revenue and less than $10 million in CAPEX for 2026, supported by a $150 million awarded revenue contract from a major European OEM.
Nov 6, 2025, 1:30 PM
Aspen Aerogels Reports Q3 2025 Financial Results and Updates Full-Year Outlook
ASPN
Earnings
Guidance Update
Demand Weakening
- Aspen Aerogels, Inc. reported Q3 2025 revenue of $73.0 million, a decrease from $117.3 million in Q3 2024, with a net loss of $6.3 million and Adjusted EBITDA of $6.3 million.
- The company updated its full-year 2025 financial outlook, revising revenue to $270 – $280 million and Adjusted EBITDA to $7 – $15 million, primarily reflecting lower near-term EV production in North America.
- Business highlights include securing a PyroThin® award from a major EU OEM with production slated for 2027, and anticipating LNG and Subsea project opportunities to drive Energy Industrial growth in 2026.
Nov 6, 2025, 11:30 AM
Aspen Aerogels Reports Q3 2025 Results and Updates Full-Year Outlook
ASPN
Earnings
Guidance Update
Demand Weakening
- Aspen Aerogels reported Q3 2025 revenue of $73.0 million, a significant decrease from $117.3 million in Q3 2024, with Adjusted EBITDA of $6.3 million compared to $25.4 million in the prior year period.
- The company's net loss improved to $6.3 million ($0.08 per share) in Q3 2025, down from a net loss of $13.0 million ($0.17 per share) in Q3 2024.
- Aspen Aerogels updated its full-year 2025 outlook, lowering revenue expectations to $270 – $280 million and Adjusted EBITDA to $7 – $15 million, primarily due to lower near-term EV production in North America.
- Despite the revised outlook, the company secured a PyroThin® Thermal Barrier contract from a major European OEM and expects Energy Industrial growth in 2026 from LNG and Subsea projects.
Nov 6, 2025, 11:30 AM
Aspen Aerogels Discusses FY 2025 Outlook and EV Thermal Barrier Market Expansion
ASPN
Guidance Update
New Projects/Investments
Demand Weakening
- Aspen Aerogels (ASPN) specializes in advanced aerogel materials for thermal insulation, with significant revenue streams from traditional energy infrastructure and a rapidly growing Electric Vehicle (EV) thermal barrier business.
- The company achieved over $300 million in EV thermal barrier sales and $145 million in traditional energy revenues last year. For FY 2025, they expect just over $300 million in total revenues and target 35%+ gross margins and 25% EBITDA margins.
- Beyond General Motors, Aspen Aerogels has secured awards with several other major automotive OEMs, including Toyota, Audi, Scania, Volvo Trucks, Stellantis, Porsche, and Mercedes Benz, with some programs launching in Q4 2025 and ramping up through 2027.
- While General Motors' EV volumes are experiencing a temporary reset due to policy changes, Aspen Aerogels does not anticipate a larger reset than the previous year, and GM remains committed to its EV strategy.
Sep 3, 2025, 7:18 PM
Quarterly earnings call transcripts for ASPEN AEROGELS.
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