Aspen Aerogels (ASPN) Work In Process (2022 - 2026)

Aspen Aerogels has reported Work In Process for 5 years, with the latest figure at $5.8 million in Q1 2026.

• For the quarter ending Q1 2026, Work In Process fell 65.36% year-over-year to $5.8 million; the trailing twelve-month figure through Mar 2026 stood at $5.8 million (down 65.36% YoY), and the FY2025 full-year result was $5.5 million, down 42.86% from the prior year.
• Work In Process for Q1 2026 stood at $5.8 million, up from $5.5 million in the prior quarter.
• The five-year high for Work In Process was $16.8 million in Q1 2025, with the low at $2.2 million in Q4 2022.
• Historically, Work In Process has averaged $9.4 million across 5 years, with a median of $9.5 million in 2024.
• Annual changes were most pronounced in 2023 — Work In Process jumped 260.07% — and 2026, when it tumbled 65.36%.
• Aspen Aerogels' Work In Process stood at $2.2 million in 2022, then jumped by 260.07% to $7.9 million in 2023, then grew by 21.77% to $9.7 million in 2024, then sank by 42.86% to $5.5 million in 2025, then increased by 5.41% to $5.8 million in 2026.
• The last three Work In Process figures came in at $5.8 million (Q1 2026), $5.5 million (Q4 2025), and $7.5 million (Q3 2025), per Business Quant data.