Company / R&D Expense
ASPEN AEROGELS INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$13.4M
FY2025
5-year range
$8.7M / $18.1M
FY2021-FY2025
Trend
-25.7%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $5M in FY2018 to $18M in FY2024.
Based on SEC 10-K filings.
$13M in FY2025 with a 5-year CAGR of +9.0%.
Declined from $16M to $13M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +15.4%
- 5-Year CAGR
- +9.0%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +9.0%, indicating consistent growth.
- In FY2025, r&d expense decreased 25.7% year-over-year.
- Peak r&d expense was recorded in FY2024.
- Lowest r&d expense in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score -3.52 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $13.4M | -25.7% |
| FY2024 | $18.1M | +10.4% |
| FY2023 | $16.4M | +87.4% |
| FY2022 | $8.7M | -23.7% |
| FY2021 | $11.4M | +31.1% |
| FY2020 | $8.7M | +41.2% |
| FY2019 | $6.2M | +16.5% |
| FY2018 | $5.3M | -14.1% |
| FY2017 | $6.2M | +16.5% |
| FY2016 | $5.3M | +2.8% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026