Aspen Aerogels

Aspen Aerogels produces flexible aerogel insulation products that provide up to five times better thermal performance than competing materials while offering versatility, space savings, and easy handling. Customers use our products to save money, conserve energy, reduce CO2 emissions, and protect workers. We serve many industries including oil and gas production and processing, LNG shipping and storage, building and construction, outdoor apparel, appliances, transportation, and military and aerospace.

Company Growth (employees)
Northborough, US
Size (employees)
281 (est)+3%
Aspen Aerogels was founded in 2001 and is headquartered in Northborough, US

Key People at Aspen Aerogels

Jeffrey Ball

Jeffrey Ball

Vice President of Engineering
George L. Gould

George L. Gould

Vice President, Research and Development
Jeff Angus

Jeff Angus

Chief Information Officer
John F. Fairbanks

John F. Fairbanks

Vice President, Chief Financial Officer and Treasurer
Seth Canter

Seth Canter

Vice President, Human Resources

Aspen Aerogels Office Locations

Aspen Aerogels has an office in Northborough
Northborough, US (HQ)
30 Forbes Rd

Aspen Aerogels Data and Metrics

Aspen Aerogels Financial Metrics

Aspen Aerogels's revenue was reported to be $117.7 m in FY, 2016 which is a 4% decrease from the previous period.

Revenue (FY, 2016)

117.7 m

Revenue growth (FY, 2015 - FY, 2016), %


Net income (FY, 2016)

(12 m)

EBIT (FY, 2016)

(11.2 m)

Market capitalization (23-Jun-2017)

87.5 m

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

18.1 m
Aspen Aerogels's current market capitalization is $87.5 m.
USDFY, 2014FY, 2015FY, 2016


102.4 m122.5 m117.7 m

Revenue growth, %


Sales and marketing expense

10.3 m10.6 m11.8 m

R&D expense

6 m5.3 m5.3 m

General and administrative expense

16.9 m15.1 m17.4 m

Operating expense total

33.1 m30.9 m34.5 m


(16 m)(6.2 m)(11.2 m)

EBIT margin, %


Interest expense

(50.3 m)(182 k)(147 k)

Net Income

(66.3 m)(6.4 m)(12 m)
USDFY, 2014FY, 2015FY, 2016


49.7 m32.8 m18.1 m

Accounts Receivable

73.7 m


4.9 m6.5 m12.9 m

Current Assets

73.4 m61.6 m50.2 m


71.5 m78.3 m84.4 m

Total Assets

145 m140.1 m134.7 m

Accounts Payable

14.2 m10.7 m13.1 m

Current Liabilities

20.2 m17.4 m18.1 m

Additional Paid-in Capital

522.8 m528 m533.1 m

Retained Earnings

(399.1 m)(405.5 m)(417.5 m)

Total Equity

123.7 m122.5 m115.6 m

Financial Leverage

1.2 x1.1 x1.2 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(66.3 m)(6.4 m)(12 m)

Depreciation and Amortization

10.2 m9.9 m9.9 m

Accounts Receivable

838 k(2.6 m)3.1 m


2 m(1.6 m)(6.3 m)

Accounts Payable

687 k1.5 m105 k

Cash From Operating Activities

48.1 m(16.9 m)(578 k)

Capital Expenditures

(13.2 m)(22 m)(13.2 m)

Cash From Investing Activities

(13.2 m)(22 m)(13.2 m)

Cash From Financing Activities

54.7 m(318 k)(924 k)

Interest Paid

223 k198 k196 k

Free Cash Flow

34.9 m(38.9 m)(13.8 m)
Y, 2016

Financial Leverage

1.2 x

Aspen Aerogels Market Value History

Aspen Aerogels Online and Social Media Presence

Aspen Aerogels Company Life and Culture

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