ASPN (Aspen Aerogels) Research & Development: $11.8 Mil (TTM As of Mar. 2026)


ASPN Aspen Aerogels Inc ASPN
66 GF Score
Price $5.73
GF Value $5.13
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Aspen Aerogels Research & Development?

Aspen Aerogels ASPN -2.88% 66 Research & Development is $11.8 Mil as of Mar. 2026. GuruFocus rates ASPN with a GF Score™ of 66/100 and a GF Value™ of $5.13 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Aspen Aerogels's Research & Development for the three months ended in Mar. 2026 was $2.7 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $11.8 Mil.

Aspen Aerogels  (NYSE:ASPN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Aspen Aerogels Research & Development Related Terms

Aspen Aerogels Research & Development Historical Data

* Premium members only.

The historical data trend for Aspen Aerogels's Research & Development 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.

Aspen Aerogels Research & Development Chart

Aspen Aerogels Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.44 16.93 16.36 18.05 13.42

Aspen Aerogels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development 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 Premium Member Only Premium Member Only 4.33 3.79 2.49 2.80 2.72
ASPN
66GF Score
Aspen Aerogels Inc ASPN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Aspen Aerogels Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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 $11.8 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 Research & Development →
What does a Research & Development of $11.8 Mil mean?
Aspen Aerogels (ASPN) has a Research & Development of $11.8 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Aspen Aerogels and its competitors.
Is Aspen Aerogels' Research & Development too high?
Aspen Aerogels' current Research & Development is $11.8 Mil. Overall, Aspen Aerogels has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' Research & Development compare to SWIM and JLHL?
Aspen Aerogels' Research & Development of $11.8 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Construction company?
A good Research & Development depends on the Construction industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Aspen Aerogels and its competitors. Aspen Aerogels's current Research & Development is $11.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $5.73 — trading 11.7% above its estimated fair value. The current Research & Development is $11.8 Mil. Aspen Aerogels' overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Aspen Aerogels (ASPN), the current Research & Development is $11.8 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.

Is Aspen Aerogels (ASPN) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued. The current stock price of $5.73 is trading 11.7% above its estimated GF Value™ of $5.13. GuruFocus considers Aspen Aerogels to be Modestly Overvalued.

Key valuation signals for ASPN:

  • Research & Development: $11.8 Mil
  • GF Value™: $5.13 vs. price of $5.73 (11.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aspen Aerogels Business Description

Address 30 Forbes Road, Building B, Northborough, MA, USA, 01532
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
66GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.73
Price
$5.13
GF Value