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Revenue by Segment
Highlights revenue contributions from different business areas, providing insight into which segments drive growth and profitability, and how the company balances its portfolio.
The business has moved from a thermal‑barrier boom to a choppier, lower run‑rate across both Thermal Barrier and Energy & Industrial, revealing concentration and project‑timing risk as Subsea and Research revenues have effectively disappeared. Management’s guidance, the GM claim and cash cushion support sequential recovery and a push to scale Energy & Industrial, but the April plant explosion and OEM destocking mean near‑term margin and delivery headwinds; watch EI contract wins, EU thermal momentum and the East Providence restart for signs the recovery will stick.
ASPN Revenue by Segment
| Date | Energy Industrial | Subsea Projects | Research Services | Thermal Barrier |
|---|---|---|---|---|
| Jun 30, 2026 | $20.37M | $0.00 | $0.00 | $29.48M |
| Mar 31, 2026 | $21.59M | $0.00 | $0.00 | $16.30M |
| Dec 31, 2025 | $25.28M | $0.00 | $0.00 | $16.06M |
| Sep 30, 2025 | $24.30M | $0.00 | $0.00 | $48.71M |
| Jun 30, 2025 | $22.79M | $0.00 | $0.00 | $55.23M |
| Mar 31, 2025 | $29.82M | $0.00 | $0.00 | $48.90M |
| Dec 31, 2024 | $53.10M | $0.00 | $0.00 | $70.00M |
| Sep 30, 2024 | $26.78M | $0.00 | $0.00 | $90.56M |
| Jun 30, 2024 | $36.92M | $0.00 | $0.00 | $80.85M |
| Mar 31, 2024 | $29.08M | $0.00 | $0.00 | $65.42M |
| Dec 31, 2023 | $31.33M | $0.00 | $0.00 | $52.89M |
| Sep 30, 2023 | $27.91M | $0.00 | $0.00 | $32.84M |
| Jun 30, 2023 | $35.52M | $0.00 | $0.00 | $12.63M |
| Mar 31, 2023 | $33.88M | $0.00 | $0.00 | $11.71M |
| Dec 31, 2022 | $38.39M | $0.00 | $0.00 | $25.21M |
| Sep 30, 2022 | $23.41M | $0.00 | $0.00 | $11.95M |
| Jun 30, 2022 | $32.36M | $0.00 | $0.00 | $10.76M |
| Mar 31, 2022 | $30.14M | $0.00 | $0.00 | $7.63M |
| Dec 31, 2021 | $29.78M | $1.01M | $237.00K | $5.42M |
| Sep 30, 2021 | $26.84M | $2.61M | $117.00K | $932.00K |
| Jun 30, 2021 | $30.79M | $667.00K | $115.00K | $212.00K |
| Mar 31, 2021 | $27.55M | $407.00K | $41.00K | $100.00K |
| Dec 31, 2020 | $21.66M | $1.40M | -$44.00K | $0.00 |
| Sep 30, 2020 | $20.92M | $3.02M | $256.00K | $0.00 |
| Jun 30, 2020 | $21.43M | $3.10M | $115.00K | $0.00 |
| Mar 31, 2020 | $26.09M | $2.22M | $112.00K | $0.00 |
| Dec 31, 2019 | $43.59M | $2.60M | $310.00K | $0.00 |
| Sep 30, 2019 | $33.10M | $1.95M | $379.00K | $0.00 |
| Jun 30, 2019 | $21.12M | $7.78M | $625.00K | $0.00 |
| Mar 31, 2019 | $22.09M | $4.70M | $1.13M | $0.00 |
