Earnings ·
Reports Q3 revenue of $85.2 million and appoints Stacy Nieuwoudt to Board
ASPNAspen Aerogels Inc
Aspen Aerogels reported third-quarter 2026 total revenue of $85.2 million, a 71% increase quarter-over-quarter, exceeding the high end of its outlook. Adjusted EBITDA was $19.8 million, also above guidance, while GAAP net loss widened to $10.4 million due to $15.1 million in incident-related costs and asset write-downs. Excluding these items, adjusted net income was $9.3 million. The company also announced the appointment of Stacy Nieuwoudt as an independent Class III director effective November 4, 2026, increasing board size to seven members. Aspen Aerogels manufactures aerogel-based thermal and acoustic insulation solutions for electric vehicles and energy infrastructure.