Aspen Aerogels, Inc.
ASPNIndustrialsNASDAQBuilding Products & Equipment · Last scanned May 29, 2026
Scan Results
Daily timeframe1 of 4 indicators bearish as of May 28
Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and. The company carries a $527.9M market cap, placing it firmly in the small-cap category. It operates through two segments: Thermal Barrier and Energy Industrial.
Market Cap
$527.9M
Beta
2.83
P/E (TTM)
—
P/E (Fwd)
-61.06
EPS (TTM)
$-1.35
EPS (Fwd)
$-0.10
ROE
-42.4%
ROA
-6.0%
Cash
$173.9M
Total Debt
$128.8M
Free CF
$40.1M
52W Change
10.6%
Annual Financials
Cash vs Debt
Aspen Aerogels, Inc. holds $173.9M in cash against $128.8M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $40.1M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -42.4%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $180.4M (2022) to $271.1M (2025), reflecting a 50% increase over the period.
A beta of 2.83 means ASPN is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. No single metric tells the full story. Reviewing ASPN's risk profile alongside its fundamentals and technical indicators provides a more complete picture.