Aspen Aerogels (ASPN) revenue breakdown
By segment, Thermal Barrier is the largest at 62% of fiscal 2025 revenue, growing 124% a year over 4 years.
By product, Thermal Barrier is the largest at 62% of fiscal 2025 revenue, growing 229% a year over 5 years.
Revenue by segment
Fiscal years, as Aspen Aerogels reports them in its 10-K filings; fiscal 2025 total $271M.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Thermal Barrier | — | — | — | $7M | $56M | $110M | $307M | $169M | 62% |
| Energy Industrial | — | — | — | $115M | $125M | $129M | $146M | $102M | 38% |
| U.S. | $42M | $58M | $45M | — | — | — | — | — | — |
| Asia | $35M | $44M | $38M | — | — | — | — | — | — |
| Europe | $20M | $24M | $14M | — | — | — | — | — | — |
| Latin America | $3M | $3M | $2M | — | — | — | — | — | — |
| CANADA | $5M | $9M | $986,000 | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Aspen Aerogels reports them in its 10-K filings; fiscal 2025 total $271M.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Thermal Barrier | — | — | — | — | $439,000 | $7M | $56M | $110M | $307M | $169M | 62% |
| Energy Industrial | — | — | — | — | $100M | $115M | $125M | $129M | $146M | $102M | 38% |
| Product Revenue | — | — | $94M | $120M | — | — | — | — | — | — | — |
| Product | $115M | — | — | — | — | — | — | — | — | — | — |
| Product | — | $110M | — | — | — | — | — | — | — | — | — |
| Subsea Projects | — | — | $8M | $17M | — | — | — | — | — | — | — |
| Research Services | — | — | $2M | $2M | — | — | — | — | — | — | — |
| Research Services | $2M | — | — | — | — | — | — | — | — | — | — |
| Research Services | — | $2M | — | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Aspen Aerogels reports them in its 10-K filings; fiscal 2025 total $271M.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. | $36M | $51M | $42M | $58M | $45M | $67M | $114M | $151M | $259M | $172M | 63% |
| International | $82M | $60M | $63M | $81M | $55M | $55M | $66M | $88M | $194M | $99M | 37% |
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Where does Aspen Aerogels make its money?
In fiscal 2025, by segment: Thermal Barrier $169M, Energy Industrial $102M.
From Aspen Aerogels's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.