earnings
confidence high
sentiment negative
materiality 0.75
Aspen Aerogels Q2 revenue falls 36% YoY to $49.8M; net loss widens to $23.3M
ASPEN AEROGELS INC
- Total revenue $49.8M, down 36% YoY; Thermal Barrier revenue $29.5M, down 46% YoY due to North American EV policy changes.
- Net loss $23.3M ($0.28 loss per share) vs $9.1M loss a year ago; includes $8.9M property damage loss from East Providence incident.
- Adjusted EBITDA negative $6.6M vs positive $9.7M in Q2 2025; adjusted net loss $17.9M.
- Q3 2026 guidance: revenue $65-80M, adjusted EBITDA $7-15M; European Thermal Barrier outlook raised to $20-30M for 2026.
- Received PyroThin award from Jaguar Land Rover for two next-generation vehicle architectures.