Aspen Aerogels (ASPN) Operating Expenses (2013 - 2026)
Aspen Aerogels' (ASPN) quarterly Operating Expenses came in at $25.1 million in Q1 2026, down 92.21% YoY from $322.2 million in Q1 2025, and down 47.09% on a QoQ basis from $47.5 million in Q4 2025.
Aspen Aerogels (ASPN) Operating Expenses (2013 - 2026) Analysis & Trends
Aspen Aerogels (ASPN) has 14 years of Operating Expenses data on file, last reported at $25.1 million in Q1 2026.
- Quarterly Operating Expenses fell 92.21% year-over-year to $25.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $127.2 million (down 69.56% YoY) and the FY2025 annual result came in at $424.2 million, up 230.49% from the prior year.
- Operating Expenses eased to $25.1 million in Q1 2026, from $47.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $322.2 million in Q1 2025 to a low of $16.8 million in Q1 2022.
- A 5-year average of $45.2 million and a median of $28.2 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses jumped 884.97% — and 2026, when it plunged 92.21%.
- Tracing ASPN's Operating Expenses over 5 years: stood at $24.0 million in 2022, then climbed by 17.65% to $28.2 million in 2023, then advanced by 14.82% to $32.4 million in 2024, then soared by 46.38% to $47.5 million in 2025, then slumped by 47.09% to $25.1 million in 2026.
- The last three Operating Expenses figures came in at $25.1 million (Q1 2026), $47.5 million (Q4 2025), and $24.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 5.58 Bn |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 397.00 Mn |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 210.70 Mn |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 183.10 Mn |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 311.00 Mn |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 130.82 Mn |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 15.80 Mn |
| 10 | Aspen Aerogels | 426.48 Mn | 273.06 Mn | 3.26 Mn | 32.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.05 Mn |
| Mar 31, 2026 | 25.11 Mn |
| Dec 31, 2025 | 47.46 Mn |
| Sep 30, 2025 | 24.15 Mn |
| Jun 30, 2025 | 30.47 Mn |
| Mar 31, 2025 | 322.15 Mn |
| Dec 31, 2024 | 32.42 Mn |
| Sep 30, 2024 | 31.64 Mn |
| Jun 30, 2024 | 31.59 Mn |
| Mar 31, 2024 | 32.71 Mn |
| Dec 31, 2023 | 28.24 Mn |
| Sep 30, 2023 | 28.44 Mn |
| Jun 30, 2023 | 25.45 Mn |
| Mar 31, 2023 | 23.99 Mn |
| Dec 31, 2022 | 24.00 Mn |
| Sep 30, 2022 | 21.95 Mn |
| Jun 30, 2022 | 21.44 Mn |
| Mar 31, 2022 | 16.84 Mn |
| Dec 31, 2021 | 14.65 Mn |
| Sep 30, 2021 | 14.57 Mn |