Aspen reported Q4 2025 revenue of USD 41.3 million and a net loss of USD 72.9 million, with adjusted net loss of USD 27.7 million and adjusted EBITDA of USD -18.0 million. Q4 net loss per share was USD -0.88 and adjusted net loss per share was USD -0.34. Thermal barrier segment revenue was USD 16.1 million, reflecting reduced customer demand following changes in regulatory frameworks and incentive programs, while Energy Industrial segment revenue was USD 25.3 million. For FY 2025, Aspen posted revenue of USD 271.1 million and a net loss of USD 389.6 million, including a USD 291.2 million impairment charge related to the previously planned Statesboro Plant; adjusted net loss was USD 40.5 million and adjusted EBITDA was USD 2.9 million. The company ended 2025 with USD 158.6 million in cash, cash equivalents and restricted cash, and said it expects to receive about USD 37.6 million in Q1 2026 from General Motors tied to a commercial settlement related to prior EV capacity adjustments. Business updates included confirmation that the EV customer award announced in Q4 2025 relates to Volvo Cars, a North Sea subsea pipeline project award with expected delivery in Q3 2026, and the start of a strategic review with Piper Sandler as exclusive financial advisor. Aspen guided for Q1 2026 revenue of USD 35 million to USD 40 million and a net loss of USD 20 million to USD 23 million, with adjusted EBITDA of USD -10 million to USD -13 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aspen Aerogels Inc. published the original content used to generate this news brief on February 25, 2026, and is solely responsible for the information contained therein.
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