Quarterly ResultAug 7, 2026, 04:29 PM
Aspen Aerogels Q2 Net Loss $23.3M; Revenue Down 36%
AI Summary
Aspen Aerogels reported a net loss of $23.3 million for the second quarter of 2026, a significant increase from $9.1 million in the prior year, with revenue declining 36% to $49.8 million. For the six months, the company recorded a net loss of $47.0 million, a substantial improvement from $310.3 million in 2025 which included large impairment charges. The company generated $17.9 million in cash from operations and settled a $37.6 million claim with a Thermal Barrier customer, but also experienced an explosion at its East Providence facility resulting in $8.9 million in property damage.
Key Highlights
- Q2 2026 revenue decreased 36% to $49.8 million from $78.0 million in Q2 2025.
- Q2 2026 net loss increased to $23.3 million ($0.28 EPS) from $9.1 million ($0.11 EPS) in Q2 2025.
- Six-month 2026 revenue decreased 44% to $87.7 million from $156.7 million in 2025.
- Six-month 2026 net loss was $47.0 million ($0.57 EPS), compared to $310.3 million ($3.78 EPS) in 2025.
- Generated $17.9 million in cash from operations for the six months ended June 30, 2026.
- Explosion at East Providence facility resulted in $8.9 million loss on property damage.
- Settled a $37.6 million claim with a Thermal Barrier customer in Q1 2026.
- Unrestricted cash and cash equivalents stood at $151.7 million as of June 30, 2026.
Price Impact
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