Filing Flows › Aspen Aerogels (ASPN) › Q3 2026 › vs Q3 2025
Aspen Aerogels (ASPN) Q3 2026 vs Q3 2025 (year over year)
Aspen Aerogels's revenue rose $12.2M (+17%) from $73.0M in Q3 2025 to $85.2M in Q3 2026. The biggest changes: Energy Industrial +$15.6M (+64%); Thermal Barrier −$3.5M (-7%).
Aspen Aerogels, Q3 2026: revenue $85.2M (+17% year over year), operating margin -8.4%, net loss $10.4M, operating cash flow −$3.8M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Thermal Barrier | $45.3M | $48.7M | −$3.5M | -7% |
| Energy Industrial | $39.9M | $24.3M | $15.6M | +64% |
| Revenue | $85.2M | $73.0M | $12.2M | +17% |
| Net loss | $10.4M | $6.3M | $4.1M | +64% |
| Costs & expenses | $95.6M | $79.4M | $16.2M | +20% |
| Operating costs | $92.3M | $76.4M | $15.9M | +21% |
| Interest & other, net | $2.7M | $2.4M | $304K | +13% |
| Income tax | $602K | $594K | $8K | +1% |
| Cost of revenue | $64.6M | $52.2M | $12.4M | +24% |
| Research & development | $2.5M | $2.5M | −$14K | -0.6% |
| Sales & marketing | $6.8M | $6.6M | $219K | +3% |
| General & admin | $13.8M | $13.5M | $292K | +2% |
| Other operating costs | $4.6M | $1.6M | $3.0M | +194% |
| Operating cash sources | $10.4M | $6.3M | $4.1M | +64% |
| Depreciation | $5.0M | $5.4M | −$430K | -8% |
| Share-based compensation | $1.6M | $2.2M | −$538K | -25% |
| Working capital & other | $59K | $13.8M | −$13.7M | -100% |
| Cash used in operations | $3.8M | −$15.0M | $18.8M | — |
| Net loss absorbed | $10.4M | $6.3M | $4.1M | +64% |
Questions
How much did Aspen Aerogels's revenue grow year over year in Q3 2026?
Aspen Aerogels's revenue rose $12.2M (+17%) from $73.0M in Q3 2025 to $85.2M in Q3 2026.
What drove Aspen Aerogels's revenue change in Q3 2026?
Energy Industrial +$15.6M (+64%); Thermal Barrier −$3.5M (-7%).