Flagship explainer

How ASPEN AEROGELS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$271M · 100%Cost of revenue$225M · 83%Gross profit$46M · 17%Operating income−$378M · −140%Income before tax−$387M · −143%Income tax$2.4M · 1%Net income−$390M · −144%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$271M100%
Cost of revenue$225M83%
$46M17%
−$378M−140%
Income before tax−$387M−143%
Income tax$2.4M1%
−$390M−144%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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