Filing Flows › Aspen Aerogels (ASPN) › Q2 2026 › vs Q2 2025
Aspen Aerogels (ASPN) Q2 2026 vs Q2 2025 (year over year)
Aspen Aerogels's revenue fell $28.2M (-36%) from $78.0M in Q2 2025 to $49.8M in Q2 2026. The biggest changes: Thermal Barrier −$25.8M (-47%); Energy Industrial −$2.4M (-11%).
Aspen Aerogels, Q2 2026: revenue $49.8M (-36% year over year), operating margin -57.7%, net loss $23.3M, operating cash flow −$16.2M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Thermal Barrier | $29.5M | $55.2M | −$25.8M | -47% |
| Energy Industrial | $20.4M | $22.8M | −$2.4M | -11% |
| Revenue | $49.8M | $78.0M | −$28.2M | -36% |
| Other income, net | $6.1M | −$3.1M | $9.2M | — |
| Net loss | $23.3M | $9.1M | $14.2M | +157% |
| Costs & expenses | $79.3M | $87.1M | −$7.8M | -9% |
| Operating costs | $78.6M | $83.2M | −$4.5M | -5% |
| Income tax | $619K | $821K | −$202K | -25% |
| Cost of revenue | $46.6M | $52.7M | −$6.1M | -12% |
| Research & development | $3.2M | $3.8M | −$599K | -16% |
| Sales & marketing | $7.0M | $6.9M | $11K | +0.2% |
| General & admin | $13.0M | $13.8M | −$852K | -6% |
| Other operating costs | $8.9M | $5.9M | $3.0M | +51% |
| Operating cash sources | $23.3M | $9.1M | $14.2M | +157% |
| Depreciation | $4.3M | $5.8M | −$1.5M | -26% |
| Share-based compensation | $1.9M | $2.8M | −$948K | -34% |
| Working capital & other | $906K | −$3.5M | $4.4M | — |
| Cash used in operations | $16.2M | $3.9M | $12.3M | +312% |
| Net loss absorbed | $23.3M | $9.1M | $14.2M | +157% |
Questions
How much did Aspen Aerogels's revenue grow year over year in Q2 2026?
Aspen Aerogels's revenue fell $28.2M (-36%) from $78.0M in Q2 2025 to $49.8M in Q2 2026.
What drove Aspen Aerogels's revenue change in Q2 2026?
Thermal Barrier −$25.8M (-47%); Energy Industrial −$2.4M (-11%).