secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001171843-26-001072
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels Q4 revenue drops 66% to $41.3M; net loss $72.9M; initiates strategic review
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- Q4 revenue $41.3M (-66% YoY); Thermal barrier $16.1M, Energy Industrial $25.3M.
- Net loss $72.9M vs income $11.4M; adjusted net loss $27.7M. Full year net loss $389.6M includes $291.2M impairment on Statesboro plant.
- Full year revenue $271.1M (down 40% YoY); adjusted EBITDA $2.9M vs $89.9M.
- Cash $158.6M at year-end; expects $37.6M GM commercial settlement payment in Q1 2026.
- Initiated strategic review to strengthen long-term competitive positioning; North Sea subsea pipeline award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000117184326001072/0001171843-26-001072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000117184326001072/f8k_022526.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-001072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer