Aspen Aerogels FY 2025 net loss hits USD 389.55 million as revenue falls 40% to USD 271.1 million

Reuters03-14
<a href="https://laohu8.com/S/ASPN">Aspen Aerogels</a> FY 2025 net loss hits USD 389.55 million as revenue falls 40% to USD 271.1 million

Aspen Aerogels reported FY 2025 revenue of USD 271.1 million, down 40%, driven by lower EV and energy industrial demand. FY 2025 net loss was USD 389.55 million, and adjusted EBITDA was USD 2.94 million. Thermal barrier revenue fell 45% to USD 168.91 million due to lower North American EV production levels, while energy industrial revenue declined 30% to USD 102.2 million on weaker petrochemical/refinery demand in North America, Europe and Latin America and lower subsea project activity. FY 2025 gross profit decreased 75% to USD 46 million, reflecting lower volume and accelerated depreciation tied to revised expected demand. The company said it expects thermal barrier revenue and adjusted EBITDA to decline in 2026, while energy industrial revenue is expected to increase, and noted a February 2026 fire at its East Providence facility that damaged an emissions control unit and could constrain supply if demand rises before replacement.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-106453), on March 13, 2026, and is solely responsible for the information contained therein.

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