ASPI (ASP Isotopes) Operating Income: $-74.13 Mil (TTM As of Mar. 2026)


ASPI ASP Isotopes Inc ASPI
30 GF Score
Price $6.17
! 8 Warning Signs
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What is ASP Isotopes Operating Income?

ASP Isotopes ASPI -2.76% 30 Operating Income is $-74.13 Mil as of Mar. 2026. GuruFocus rates ASPI with a GF Score™ of 30/100. The stock has 8 warning signs investors should review.

ASP Isotopes's Operating Income for the three months ended in Mar. 2026 was $-24.89 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-74.13 Mil.

Warning Sign:

ASP Isotopes Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. ASP Isotopes's Operating Income for the three months ended in Mar. 2026 was $-24.89 Mil. ASP Isotopes's Revenue for the three months ended in Mar. 2026 was $4.18 Mil. Therefore, ASP Isotopes's Operating Margin % for the quarter that ended in Mar. 2026 was -595.41%.

ASP Isotopes's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ASP Isotopes's annualized ROC % for the quarter that ended in Mar. 2026 was -41.16%. ASP Isotopes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -73.13%.

ASP Isotopes  (NAS:ASPI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ASP Isotopes's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-99.552 * ( 1 - 0.12% )/( (148.571 + 334.531)/ 2 )
=-99.4325376/241.551
=-41.16 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=498.02 - 16.141 - ( 333.308 - max(0, 32.696 - 399.919+333.308))
=148.571

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=587.669 - 14.765 - ( 290.516 - max(0, 70.367 - 308.74+290.516))
=334.531

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

ASP Isotopes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-100.032/( ( (34.964 + max(13.723, 0)) + (224.885 + max(-0.121, 0)) )/ 2 )
=-100.032/( ( 48.687 + 224.885 )/ 2 )
=-100.032/136.786
=-73.13 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.882 + 1.098 + 13.803) - (16.141 + 0.882 + 2.037)
=13.723

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.393 + 1.369 + 12.265) - (14.765 + 0.882 + 0.50099999999999)
=-0.121

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

ASP Isotopes's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-24.888/4.18
=-595.41 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

ASP Isotopes Operating Income Related Terms

ASP Isotopes Operating Income Historical Data

* Premium members only.

The historical data trend for ASP Isotopes's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASP Isotopes Operating Income Chart

ASP Isotopes Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
0.00 -5.10 -16.04 -26.35 -57.19

ASP Isotopes Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.95 -11.97 -14.97 -22.30 -24.89
ASPI
30GF Score
ASP Isotopes Inc ASPI
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ASP Isotopes Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-74.13 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-74.13 Mil mean?
ASP Isotopes (ASPI) has a Operating Income of $-74.13 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ASP Isotopes and its competitors.
Is ASP Isotopes' Operating Income too high?
ASP Isotopes' current Operating Income is $-74.13 Mil. Overall, ASP Isotopes has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASP Isotopes' Operating Income compare to LXU and GPRE?
ASP Isotopes' Operating Income of $-74.13 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ASP Isotopes and its competitors. ASP Isotopes's current Operating Income is $-74.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASP Isotopes stock overvalued right now?
ASP Isotopes (ASPI) has a current Operating Income of $-74.13 Mil. The current Operating Income is $-74.13 Mil. ASP Isotopes' overall GF Score™ is 30/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For ASP Isotopes (ASPI), the current Operating Income is $-74.13 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ASP Isotopes Business Description

Other Exchanges ISO:South AfricaW62:Germany
Address 2200 Ross Avenue, Suite 4575 East, Dallas, TX, USA, 75201
ASP Isotopes Inc is a materials company focused on producing and commercializing enriched isotopes for the nuclear medicine, healthcare, green energy, and quantum computing industries. Currently, the company has three operating segments: (i) nuclear fuels, (ii) specialist isotopes and related services, and (iii) construction services. Using proprietary technology-the Aerodynamic Separation Process (ASP)-the company enriches isotopes in South Africa, targeting high-value, low-volume markets to reduce reliance on foreign supply chains. Geographically, the company operates in South Africa, Hong Kong and United States generating key revenue from the Hong Kong region.
30GF Score

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