Filing Flows › Aspen Aerogels (ASPN) › Q3 2026
Aspen Aerogels (ASPN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Aspen Aerogels (ASPN) reported revenue of $85.2M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +71% from the quarter before. Operating margin was -8.4%, net loss $10.4M (12.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.2M | +71% | +17% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | −$3.8M | — | -125% |
What changed
Revenue was $85.2M in Q3 2026, up 17% year over year and up 71% from the previous quarter. Thermal Barrier was the largest line at 53% of revenue. Energy Industrial added $15.6M year over year (up 64%), 128% of the total change. Thermal Barrier declined 7%.
Gross margin was 24.1%, down 4.3 points from Q3 2025. Operating costs exceeded revenue by $7.1M, an operating margin of -8.4%. Operating expenses grew 15% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+194%). The quarter ended with a net loss of $10.4M, narrower than the previous quarter's $23.3M loss.
Operating cash flow was −$3.8M. Non-cash charges added back $5.0M of depreciation and $1.6M of share-based compensation. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$8.5M.
Questions
What was Aspen Aerogels' revenue in the third quarter 2026?
Aspen Aerogels (ASPN) reported revenue of $85.2M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +71% from the quarter before.
Was Aspen Aerogels profitable in the third quarter 2026?
Operating loss was $7.1M (-8.4% of revenue) and net loss $10.4M.
Source: Aspen Aerogels 10-Q on SEC EDGAR.