Aspen Aerogels (ASPN) Revenue & Revenue Breakdown

Overview ForecastFinancials Chart

Aspen Aerogels Revenue Highlights

Latest Revenue (Y)

$238.72M

Latest Revenue (Q)

$117.34M

Main Segment (Y)

Energy Industrial

Main Geography (Y)

UNITED STATES

Aspen Aerogels Revenue by Period

Aspen Aerogels Revenue by Year

Date	Revenue	Change
2023-12-31	$238.72M	32.35%
2022-12-31	$180.36M	48.30%
2021-12-31	$121.62M	21.29%
2020-12-31	$100.27M	-28.06%
2019-12-31	$139.38M	33.55%
2018-12-31	$104.36M	-6.51%
2017-12-31	$111.63M	-5.19%
2016-12-31	$117.74M	-3.90%
2015-12-31	$122.52M	19.65%
2014-12-31	$102.40M	18.94%
2013-12-31	$86.09M	35.68%
2012-12-31	$63.45M	38.09%
2011-12-31	$45.95M	6.34%
2010-12-31	$43.21M	51.00%
2009-12-31	$28.62M	-

Aspen Aerogels generated $238.72M in revenue during NA 2023, up 32.35% compared to the previous quarter, and up 228.74% compared to the same period a year ago.

Aspen Aerogels Revenue by Quarter

Date	Revenue	Change
2024-09-30	$117.34M	-0.37%
2024-06-30	$117.77M	24.62%
2024-03-31	$94.50M	12.21%
2023-12-31	$84.22M	38.62%
2023-09-30	$60.76M	26.16%
2023-06-30	$48.16M	5.64%
2023-03-31	$45.59M	-23.53%
2022-12-31	$59.61M	62.40%
2022-09-30	$36.71M	-19.57%
2022-06-30	$45.64M	18.83%
2022-03-31	$38.41M	22.02%
2021-12-31	$31.48M	3.60%
2021-09-30	$30.38M	-4.07%
2021-06-30	$31.67M	12.72%
2021-03-31	$28.10M	22.07%
2020-12-31	$23.02M	-4.86%
2020-09-30	$24.20M	-1.81%
2020-06-30	$24.64M	-13.29%
2020-03-31	$28.42M	-38.89%
2019-12-31	$46.51M	31.28%
2019-09-30	$35.42M	19.95%
2019-06-30	$29.53M	5.81%
2019-03-31	$27.91M	-21.77%
2018-12-31	$35.68M	49.05%
2018-09-30	$23.94M	10.46%
2018-06-30	$21.67M	-6.08%
2018-03-31	$23.07M	-36.54%
2017-12-31	$36.36M	33.69%
2017-09-30	$27.20M	8.49%
2017-06-30	$25.07M	8.99%
2017-03-31	$23.00M	-16.78%
2016-12-31	$27.64M	-6.50%
2016-09-30	$29.56M	6.65%
2016-06-30	$27.72M	-15.55%
2016-03-31	$32.82M	-12.21%
2015-12-31	$37.38M	18.53%
2015-09-30	$31.54M	4.79%
2015-06-30	$30.10M	28.07%
2015-03-31	$23.50M	-16.02%
2014-12-31	$27.98M	10.01%
2014-09-23	$25.44M	-4.43%
2014-06-30	$26.61M	19.01%
2014-03-31	$22.36M	-7.71%
2013-12-31	$24.23M	10.74%
2013-09-30	$21.88M	-4.78%
2013-06-30	$22.98M	35.12%
2013-03-31	$17.00M	4.31%
2012-09-30	$16.30M	17.61%
2011-06-30	$13.86M	12.79%
2011-03-31	$12.29M	29.37%
2010-06-30	$9.50M	8.60%
2010-03-31	$8.75M	-85.33%
2001-12-31	$59.61M	-

Aspen Aerogels generated $117.34M in revenue during Q3 2024, up -0.37% compared to the previous quarter, and up 243.66% compared to the same period a year ago.

Aspen Aerogels Revenue Breakdown

Aspen Aerogels Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Thermal Barrier	$110.08M	-	-	-	-
Energy Industrial	$128.64M	-	-	-	-
E V Thermal Barrier	-	$55.60M	-	-	-
Product	-	-	$121.11M	$99.83M	$136.93M
Service	-	-	$510.00K	$439.00K	$2.44M

Aspen Aerogels's latest annual revenue breakdown by segment (product or service), as of Dec 23: Energy Industrial (53.89%), and Thermal Barrier (46.11%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Energy Industrial	$26.78M	$29.08M	$65.20M	$27.91M	$35.52M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Thermal Barrier	$90.56M	$65.42M	$64.60M	$32.84M	$12.63M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
E V Thermal Barrier	-	-	-	-	-	$11.70M	$25.30M	$11.90M	$10.80M	-	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	-	-	-	$38.33M	$31.30M	$30.26M	$31.49M	$28.06M	$23.06M	$23.94M	$24.53M	$28.31M	$46.20M	$35.05M
Service	-	-	-	-	-	-	-	-	-	$77.00K	$172.00K	$117.00K	$180.00K	$41.00K	$-44.00K	$256.00K	$115.00K	$112.00K	$310.00K	$379.00K

Aspen Aerogels's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Thermal Barrier (77.18%), and Energy Industrial (22.82%).

Aspen Aerogels Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
CANADA	$2.03M	$4.95M	$2.98M	-	-
Europe	$42.73M	$22.24M	$27.92M	-	-
International	$87.68M	-	-	-	-
Latin America	$7.22M	$4.46M	$4.49M	-	-
UNITED STATES	$151.04M	$66.84M	$44.84M	$58.33M	-
Asia	$35.70M	$34.75M	$19.38M	-	-

Aspen Aerogels's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (46.27%), International (26.86%), Europe (13.09%), Asia (10.94%), Latin America (2.21%), and CANADA (0.62%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
CANADA	$6.13M	$1.87M	$514.00K	$633.00K	$562.00K	$324.00K	$1.71M	$928.00K	$1.45M	$860.00K	$774.00K	$991.00K	$964.00K	-	-	-	-	-	-	-
Asia	$4.44M	$7.21M	$8.18M	$5.80M	$9.94M	$11.78M	$8.47M	$7.30M	$11.65M	$7.32M	$3.96M	$5.28M	$4.55M	$5.59M	-	-	-	-	-	-
UNITED STATES	$73.31M	$60.69M	$72.62M	$41.78M	$10.19M	$26.44M	$24.12M	$25.08M	$24.71M	$21.80M	$15.54M	$12.76M	$13.34M	$9.74M	$8.09M	$13.67M	$16.91M	$15.19M	-	-
Latin America	$25.01M	$15.37M	$2.15M	$1.18M	$2.27M	$1.62M	$1.48M	$84.00K	$1.29M	$1.61M	$1.25M	$554.00K	$1.15M	$1.54M	-	-	-	-	-	-
International	$44.03M	$33.81M	$68.71M	$18.97M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe	$8.46M	$9.36M	$16.00M	$11.36M	$9.96M	$5.41M	$7.89M	$4.28M	$6.16M	$3.91M	$3.69M	$7.55M	$9.44M	$7.25M	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	$16.73M	-	-	-	-	-	-	-	-
C A	-	-	-	-	-	-	-	-	-	-	-	$256.00K	-	-	-	-	-	-	-	-

Aspen Aerogels's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (45.43%), International (27.29%), Latin America (15.50%), Europe (5.24%), CANADA (3.80%), and Asia (2.75%).

Aspen Aerogels Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ASGN	ASGN	$4.45B	$1.03B
CCS	Century Communities	$3.69B	$1.12B
AAT	American Assets Trust	$441.16M	$122.81M
ASC	Ardmore Shipping	$395.98M	$106.30M
ASPN	Aspen Aerogels	$238.72M	$117.34M
APYX	Apyx Medical	$52.35M	$16.02M

ASPN Revenue FAQ

What is Aspen Aerogels’s yearly revenue?

Aspen Aerogels's yearly revenue for 2023 was $238.72M, representing an increase of 32.35% compared to 2022. The company's yearly revenue for 2022 was $180.36M, representing an increase of 48.30% compared to 2021. ASPN's yearly revenue for 2021 was $121.62M, representing an increase of 21.29% compared to 2020.

What is Aspen Aerogels’s quarterly revenue?

Aspen Aerogels's quarterly revenue for Q3 2024 was $117.34M, a -0.37% decrease from the previous quarter (Q2 2024), and a 93.14% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $117.77M, a 24.62% increase from the previous quarter (Q1 2024), and a 144.55% increase year-over-year (Q2 2023). ASPN's quarterly revenue for Q1 2024 was $94.5M, a 12.21% increase from the previous quarter (Q4 2023), and a 107.30% increase year-over-year (Q1 2023).

What is Aspen Aerogels’s revenue growth rate?

Aspen Aerogels's revenue growth rate for the last 3 years (2021-2023) was 96.28%, and for the last 5 years (2019-2023) was 71.28%.

What are Aspen Aerogels’s revenue streams?

Aspen Aerogels's revenue streams in c 23 are Thermal Barrier, and Energy Industrial. Thermal Barrier generated $110.08M in revenue, accounting 46.11% of the company's total revenue Energy Industrial generated $128.64M in revenue, accounting 53.89% of the company's total revenue

What is Aspen Aerogels’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Aspen Aerogels was Energy Industrial. This segment made a revenue of $128.64M, representing 53.89% of the company's total revenue.