Aspen Aerogels, Inc. Reports Third Quarter 2026 Financial Results and Recent Business Highlights
Aspen Aerogels reported Q3 2026 revenue of $85.2 million, up 71% quarter-over-quarter and above the high end of outlook, with Adjusted EBITDA of $19.8 million also exceeding guidance. GAAP net loss was $10.4 million, burdened by $15.1 million of East Providence incident-related costs and a $4.6 million asset disposal loss; excluding these, adjusted net income was $9.3 million versus an adjusted loss a year ago. The company won an initial Energy Industrial data center infrastructure order, secured a key 2027 EI project award, and generated first BESS revenue from PyroThin parts, with record European OEM revenue of $8.0 million.
Key figures
- Revenue
- 85200000
- Guidance
- Q4 2026 revenue $60M-$75M; net loss $11M-$8M; net loss per share $0.13-$0.10; Adjusted EBITDA $5M-$13M (excludes $5M-$10M East Providence incident-related costs)
- Revenue Yoy
- 16.7% (from $73.0M prior year)
- Adjusted eps
- 0.11
- Gross margin
- 24%
- Adjusted ebitda
- 19800000
- Adjusted net income
- 9300000
- Cash and equivalents
- 146500000
- Adjusted gross margin
- 41%
- Loss on disposal pp e
- 4600000
- Thermal barrier revenue
- 45300000
- Energy industrial revenue
- 39900000
- East providence incident costs
- 15100000
AI analysis
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