ASPI ASP Isotopes Inc. - Common Stock
NASDAQ · Chemicals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 14, 2026
$2.91
· of 52w range
· above low
· to high
$2.5152w low
$14.4952w high
Market Cap (MRQ)
$379M
P/E (TTM)
-2.3
EPS (TTM)
$-1.29
Revenue (TTM)
$31M
your badges
52W Range
$3–$14
Analyst Rating
BUY
Price Target
$13
P/E
-2.3
ROE
-80.9%
Net Profit Margin
-380.3%
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ASPI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.91
Market Cap (MRQ)
$379M
P/E (TTM)
-2.3
EPS (TTM)
$-1.29
Revenue (TTM)
$31M
ROE (TTM)
-80.9%
Debt/Equity (MRQ)
0.2
52W Range
$3–$14
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$24M2022-12-31 → 2025-12-31
EPS$-2.112023-12-31 → 2025-12-31
Free Cash Flow·2022-12-31 → 2022-12-31
Net margin-380.3%2022-12-31 → 2022-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ASPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -2.35Y avg ≈-4.5 | ≈-4.5 | · | · | |
| P/S (TTM) | 12.3 | · | 2.1 | Overvalued | |
| P/B (MRQ) | 1.4 | · | 2.8 | Overvalued | |
| EV / EBITDA (TTM) | -2.0 | · | · | · | |
| Price / FCF (TTM) | -4.5 | · | · | · | |
| Price / Cash Flow (TTM) | -5.6 | · | · | · | |
| EV / Revenue (TTM) | 6.0 | · | · | · | |
| EV / FCF (TTM) | -2.2 | · | · | · | |
| Price / Tangible Book (MRQ) | 1.45Y avg ≈5.7 | ≈5.7 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ASPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 18.3% | · | 21.9% | Top tier | |
| Operating Margin (TTM) | -321.1% | · | 6.6% | Weak | |
| EBITDA Margin (TTM) | -303.3% | · | 7.9% | Weak | |
| Pretax Margin (TTM) | -443.4% | · | 5.4% | Weak | |
| Net Profit Margin (TTM) | -380.3% | · | 3.2% | Weak | |
| ROA (TTM) | -33.1% | · | -1.3% | Weak | |
| ROE (TTM) | -80.9% | · | -3.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ASPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.2 | · | 0.5 | Low debt | |
| Current Ratio (MRQ) | 3.9 | · | 1.9 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.0 | · | 0.4 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ASPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 475.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ASPI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue / Employee | ≈$88.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-185.3%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 14, 2026 | $-0.27 | $-0.31 | 13.7% |
| March 31, 2026 | May 20, 2026 | $-0.06 | $-0.39 | 84.5% |
| Dec. 31, 2025 | $-0.75 | $-0.13 | -480.5% | |
| Sept. 30, 2025 | $-0.14 | $-0.10 | -37.3% | |
| June 30, 2025 | $-1.03 | $-0.11 | -818.0% | |
| March 31, 2025 | $-0.12 | $-0.10 | -17.6% | |
| Dec. 31, 2024 | $-0.13 | $-0.09 | -41.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $24M | $4M | $433.0K | $0 | |
| Cost of Revenue | $20M | $3M | $294.1K | $0 | |
| Gross Profit | $3M | $2M | $139.0K | $0 | |
| R&D Expense | $12M | $3M | $764.6K | $1M | |
| SG&A Expense | · | · | $15M | $4M | |
| Operating Expenses | $63M | $28M | $16M | $5M | |
| Operating Income | $-60M | $-26M | $-16M | $-5M | |
| Interest Expense | · | · | $118.5K | $0 | |
| Other Non-op | $-100M | $-6M | $-258.3K | $153.9K | |
| Pretax Income | $-160M | $-32M | $-16M | $-5M | |
| Income Tax | $282.0K | $111.0K | $-6.1K | $0 | |
| Net Income | $-160M | $-32M | $-16M | $-5M | |
| EPS (Basic) | $-2.11 | $-0.63 | $-0.49 | $-0.18 | |
| EPS (Diluted) | $-2.11 | $-0.63 | $-0.49 | · | |
| Shares (Basic) | 83,013,594 | 55,671,805 | 33,066,708 | 26,793,748 | |
| Shares (Diluted) | 83,013,594 | 55,671,805 | 33,066,708 | · | |
| EBITDA | · | · | · | $-5M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $280M | $62M | $8M | $2M | |
| Short-term Investments | $48M | $0 | · | · | |
| Receivables | · | · | $216.5K | · | |
| Inventory | $1M | $66.0K | $0 | · | |
| Prepaid Expense | $5M | $3M | $2M | $913.0K | |
| Current Assets | $400M | $66M | $11M | $3M | |
| PP&E (Net) | $33M | $22M | $11M | $8M | |
| PP&E (Gross) | $36M | $23M | $11M | $8M | |
| Accum. Depreciation | $3M | · | · | · | |
| Goodwill | $5M | $3M | $3M | $0 | |
| Intangibles | $675.0K | · | · | · | |
| Other Non-current Assets | $866.0K | $2M | $2M | $139.6K | |
| Total Assets | $498M | $94M | $28M | $12M | |
| Accounts Payable | $4M | $1M | $1M | $1M | |
| Accrued Liabilities | $4M | $2M | $1M | $361.2K | |
| Short-term Debt | · | $939.1K | $470.4K | $33.9K | |
| Current Liabilities | $33M | $7M | $6M | $2M | |
| Capital Leases | $1M | $688.0K | $1M | $742.4K | |
| Deferred Tax | $0 | $0 | $110.6K | · | |
| Other Non-current Liabilities | $0 | $0 | $2M | $0 | |
| Total Liabilities | $235M | $43M | $9M | $3M | |
| Long-term Debt | $2M | $2M | · | · | |
| Total Debt | · | · | · | $33.9K | |
| Common Stock | $1M | $721.0K | $489.2K | $359.1K | |
| Paid-in Capital | $432M | $106M | $41M | $17M | |
| Retained Earnings | $-231M | $-56M | $-24M | $-8M | |
| Treasury Stock | $0 | · | · | · | |
| AOCI | $3M | $-2M | $-921.0K | $255.0K | |
| Stockholders' Equity | $204M | $48M | $16M | $10M | |
| Liabilities + Equity | $498M | $94M | $28M | $12M | |
| Shares Outstanding | 111,677,771 | 72,068,059 | 48,923,276 | 35,907,127 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $2M | $471.0K | · | · | |
| Stock-based Comp | $16M | $9M | $9M | $2M | |
| Deferred Tax | $-45.0K | $-143.0K | $16.7K | $0 | |
| Amort. of Intangibles | $200.0K | $0 | · | · | |
| Operating Cash Flow | $-38M | $-17M | $-5M | $-3M | |
| CapEx | $10M | $10M | $2M | $4M | |
| Investing Cash Flow | $-111M | $-11M | $-2M | $-4M | |
| Stock Issued | $320M | $53M | $14M | $8M | |
| Net Stock Activity | · | · | · | $8M | |
| Dividends Paid | $0 | $3M | $0 | · | |
| Financing Cash Flow | $372M | $83M | $13M | $7M | |
| Net Change in Cash | · | · | $6M | $-772.0K | |
| Taxes Paid | $79.0K | $0 | · | · | |
| Free Cash Flow | · | · | · | $-7M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Margin | · | · | · | -150770.2% | |
| Net Margin | · | · | · | -146219.4% | |
| EBITDA Margin | · | · | · | -150770.2% | |
| ROA | · | · | · | -50.4% | |
| ROE | · | · | · | -61.3% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | · | · | · | 1.7 | |
| Quick Ratio | · | · | · | 1.2 | |
| Debt / Equity | · | · | · | 0.0 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | · | · | · | $0.27 | |
| Cash / Share | · | · | · | $0.07 | |
| EPS (TTM) | $-2.11 | $-0.63 | $-0.49 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 475.5% | 857.0% | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $24M | $4M | $433.0K | $0 | |
| Net Income TTM | $-160M | $-32M | $-16M | $-5M | |
| Market Cap | · | · | · | $57M | |
| Enterprise Value | · | · | · | $54M | |
| P/E | -2.5 | -7.2 | -3.7 | · | |
| P/B | · | · | · | 5.8 | |
| P / Tangible Book | 3.1 | 7.3 | 6.7 | 5.8 | |
| P / Cash Flow | · | · | · | -19.3 | |
| P / FCF | · | · | · | -7.7 | |
| EV / EBITDA | · | · | · | -10.7 | |
| EV / FCF | · | · | · | -7.3 | |
| Earnings Yield | -39.4% | -13.9% | -27.4% | · | |
| Annual Payout | $0 | $3M | $0 | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $4M | $17M | $5M | $1M | $1M | $1M | $1M | $1M | $840.4K | $433.0K | $0 | $0 | $0 | |
| Cost of Revenue | $4M | $3M | $15M | $4M | $626.0K | $775.0K | $588.5K | $793.7K | $601.3K | $561.5K | $294.1K | $0 | $0 | $0 | |
| Gross Profit | $1M | $2M | $2M | $423.2K | $572.0K | $327.0K | $605.1K | $294.0K | $421.0K | $278.9K | $139.0K | $0 | $0 | $0 | |
| R&D Expense | $7M | $5M | $7M | $3M | $880.0K | $2M | $1M | $1M | $473.3K | $215.1K | $65.2K | $239.2K | $252.9K | $207.3K | |
| SG&A Expense | · | · | · | · | · | · | · | · | · | $521.4K | · | $4M | $4M | $4M | |
| Operating Expenses | $36M | $27M | $27M | $15M | $13M | $8M | $8M | $6M | $8M | $6M | $4M | $4M | $4M | $4M | |
| Operating Income | $-34M | $-25M | $-25M | $-15M | $-12M | $-8M | $-8M | $-5M | $-7M | $-6M | $-4M | $-4M | $-4M | $-4M | |
| Interest Expense | · | · | · | · | · | · | · | · | $69.1K | $13.8K | · | · | $0 | $0 | |
| Other Non-op | $105.0K | $-2M | $-38M | $2M | $-63M | $-580.0K | $-1M | $-2M | $-1M | $-1M | $-153.2K | $-276.0K | $61.2K | $109.7K | |
| Pretax Income | $-34M | $-27M | $-63M | $-13M | $-75M | $-9M | $-9M | $-7M | $-9M | $-7M | $-4M | $-4M | $-4M | $-4M | |
| Income Tax | $-97.0K | $-31.0K | $183.9K | $73.6K | $95.0K | $-71.0K | $153.2K | $-8.4K | $13.8K | $-47.6K | $-6.1K | $0 | $0 | $0 | |
| Net Income | $-34M | $-7M | $-63M | $-13M | $-75M | $-8M | $-9M | $-7M | $-9M | $-7M | $-4M | $-4M | $-4M | $-4M | |
| EPS (Basic) | $-0.27 | $-0.06 | $-0.81 | $-0.15 | $-1.03 | $-0.12 | $-0.11 | $-0.12 | $-0.24 | $-0.16 | $-0.09 | $-0.14 | $-0.14 | $-0.12 | |
| EPS (Diluted) | $-0.27 | $-0.06 | $-0.81 | $-0.15 | $-1.03 | $-0.12 | $-0.11 | $-0.12 | $-0.24 | $-0.16 | $-0.09 | $-0.14 | · | · | |
| Shares (Basic) | 122,715,677 | 121,000,699 | · | 88,552,309 | 73,009,938 | 69,484,200 | · | 61,532,172 | 49,136,009 | 44,561,844 | · | 31,147,749 | · | · | |
| Shares (Diluted) | 122,715,677 | 121,000,699 | · | 88,552,309 | 73,009,938 | 69,484,200 | · | 61,532,172 | 49,136,009 | 44,561,844 | · | 31,147,749 | · | · | |
| EBITDA | $-34M | $-22M | · | $-15M | $-12M | $-8M | · | $-5M | $-7M | $-6M | · | $-4M | $-4M | $-4M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $220M | $207M | $286M | $114M | $68M | $56M | · | $52M | · | · | · | · | · | · | |
| Short-term Investments | $35M | $83M | $48M | · | · | · | $0 | · | · | · | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | $560.4K | $515.5K | $354.1K | · | · | · | · | |
| Inventory | $2M | $1M | $1M | $1M | $1M | $342.7K | $66.0K | $84.9K | · | · | $0 | · | · | · | |
| Prepaid Expense | $8M | $9M | $14M | $10M | $2M | $2M | $3M | $4M | $3M | $2M | $2M | $441.8K | $404.4K | $688.3K | |
| Current Assets | $272M | $309M | $400M | $174M | $102M | $59M | $66M | $56M | $32M | $26M | $11M | $3M | $4M | $6M | |
| PP&E (Net) | $42M | $92M | $33M | $31M | $28M | $25M | $22M | $23M | $18M | $14M | $11M | $8M | $8M | $8M | |
| PP&E (Gross) | $48M | $146M | $36M | $33M | $29M | $26M | $23M | $23M | $18M | $15M | $11M | $8M | $8M | · | |
| Accum. Depreciation | $6M | $54M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Goodwill | $6M | $6M | $9M | $7M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | · | · | |
| Intangibles | $634.0K | · | $1M | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $2M | $928.0K | $5M | $5M | $2M | $2M | $2M | $229.9K | $208.4K | $200.2K | $2M | $173.7K | $342.7K | $133.6K | |
| Total Assets | $572M | $588M | $498M | $226M | $136M | $91M | $94M | $84M | $55M | $45M | $28M | $12M | $13M | $15M | |
| Accounts Payable | $6M | $7M | $6M | $3M | $3M | $2M | $1M | $2M | $2M | $2M | $1M | $402.0K | $670.1K | $1M | |
| Accrued Liabilities | $8M | $8M | $6M | $4M | $2M | $3M | $2M | $2M | $2M | $2M | $1M | $1M | $807.6K | $408.6K | |
| Short-term Debt | · | · | · | · | $342.1K | $774.7K | · | $33.4K | $31.6K | $206.6K | $470.4K | $33.9K | $33.9K | $33.9K | |
| Current Liabilities | $70M | $70M | $33M | $28M | $7M | $8M | $7M | $7M | $8M | $7M | $6M | $3M | $2M | $2M | |
| Capital Leases | $5M | $2M | $1M | $618.0K | $639.4K | $569.9K | $688.0K | $912.5K | $1M | $1M | $1M | $630.3K | $648.2K | $698.0K | |
| Deferred Tax | $8M | $6M | $102.0K | $307.8K | · | · | $0 | · | · | · | $110.6K | · | · | · | |
| Other Non-current Liabilities | $4M | $4M | · | $34.4K | · | · | · | $0 | $2M | $2M | $2M | · | · | · | |
| Total Liabilities | $297M | $289M | $235M | $129M | $108M | $45M | $43M | $42M | $40M | $32M | $9M | $3M | $3M | $3M | |
| Long-term Debt | $60M | $58M | $14M | $14M | · | · | $2M | · | · | · | · | · | · | · | |
| Total Debt | $60M | $58M | · | $14M | $342.1K | $774.7K | · | $33.4K | $31.6K | $206.6K | · | $33.9K | $33.9K | $33.9K | |
| Common Stock | $1M | $1M | $1M | $933.8K | $839.1K | $720.7K | $721.0K | $684.1K | $521.3K | $486.0K | $489.2K | $383.5K | $373.9K | $373.9K | |
| Paid-in Capital | $534M | $529M | $432M | $225M | $164M | $107M | $106M | $84M | $51M | $42M | $41M | $29M | $26M | $23M | |
| Retained Earnings | $-273M | $-239M | $-231M | $-153M | $-140M | $-65M | $-56M | $-47M | $-40M | $-31M | $-24M | $-20M | $-15M | $-11M | |
| Treasury Stock | $1.0K | $0 | · | · | · | · | · | · | · | · | · | · | · | · | |
| AOCI | $3M | $-3M | $3M | $949.9K | $29.1K | $-993.6K | $-2M | $595.7K | $-701.3K | $-1M | $-921.0K | $-1M | $-1M | $-748.8K | |
| Stockholders' Equity | $265M | $289M | $204M | $74M | $25M | $43M | $48M | $39M | $11M | $11M | $16M | $9M | $10M | $12M | |
| Liabilities + Equity | $572M | $588M | $498M | $226M | $136M | $91M | $94M | $84M | $55M | $45M | $28M | $12M | $13M | $15M | |
| Shares Outstanding | 130,148,698 | 125,903,447 | 111,677,771 | 93,376,629 | 83,905,417 | 72,068,059 | 72,068,059 | 68,409,116 | 52,132,833 | 48,598,276 | 48,923,276 | 38,348,184 | 37,385,684 | 37,385,684 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $3M | $936.7K | $296.3K | $530.0K | $149.0K | $45.4K | · | · | · | · | · | · | · | |
| Stock-based Comp | $5M | $4M | $5M | $4M | $4M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Deferred Tax | $-117.0K | $-76.0K | $-78.2K | $32.9K | $81.1K | $-81.0K | $-111.9K | $7.9K | $10.7K | $-49.8K | · | $0 | $0 | $0 | |
| Amort. of Intangibles | $42M | $33M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $-18M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-23M | $-18M | $-18M | $-9M | $-8M | $-3M | $-4M | $-5M | $-5M | $-3M | $-2M | $-653.3K | $-1M | $-1M | |
| CapEx | $4M | $6M | $2M | $3M | $2M | $2M | $1M | $4M | $3M | $1M | $1M | $681.5K | $146.6K | $362.1K | |
| Investing Cash Flow | $40M | $-97M | $-75M | $-2M | $-32M | $-2M | $-3M | $-4M | $-3M | $-1M | $-1M | $-681.5K | $-146.6K | $-362.1K | |
| Net Debt Issued | · | $-2M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | · | · | $210M | $60M | · | · | $19M | $29M | $6M | $0 | $9M | $0 | $0 | $5M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $5M | |
| Dividends Paid | · | · | $0 | $0 | · | · | $341 | $0 | $3M | · | $0 | $0 | $0 | · | |
| Financing Cash Flow | $-2M | $43M | $264M | $57M | $51M | $-225.0K | $18M | $32M | $12M | $20M | $9M | $0 | $0 | $4M | |
| Free Cash Flow | · | $-24M | · | · | · | $-5M | · | · | · | $-4M | · | · | · | $-2M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-4M | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.9% | 39.9% | · | 8.6% | 47.7% | 29.7% | · | 27.0% | 41.2% | 33.2% | · | · | · | · | |
| Operating Margin | -667.5% | -595.4% | · | -306.1% | -998.8% | -721.9% | · | -499.5% | -729.5% | -692.0% | · | · | -395951.2% | -940612.1% | |
| Net Margin | -663.5% | -170.4% | · | -263.7% | -6271.8% | -768.1% | · | -676.2% | -868.8% | -828.8% | · | · | -390377.6% | -912898.5% | |
| Pretax Margin | -665.4% | -639.6% | · | -262.2% | -6263.8% | -774.5% | · | -677.0% | -867.4% | -834.5% | · | · | · | · | |
| EBITDA Margin | -667.5% | -522.3% | · | -306.1% | -998.8% | -721.9% | · | -499.5% | -729.5% | -692.0% | · | · | -395951.2% | -940612.1% | |
| ROA | -9.6% | -2.1% | · | -8.3% | -78.8% | -12.4% | · | -15.3% | -26.3% | -23.2% | · | -39.6% | -67.2% | -49.5% | |
| ROE | -23.4% | -4.3% | · | -22.9% | -414.7% | -31.9% | · | -31.1% | -83.9% | -62.1% | · | -56.5% | -84.4% | -60.7% | |
| ROIC | -10.5% | -7.2% | · | -17.1% | -46.9% | -18.2% | · | -14.0% | -67.6% | -54.6% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.9 | 4.4 | · | 6.1 | 14.7 | 7.2 | · | 7.6 | 4.0 | 3.6 | · | 1.0 | 2.1 | 2.9 | |
| Quick Ratio | 3.6 | 4.1 | · | 4.0 | 9.8 | 6.8 | · | 7.0 | 0.1 | 0.0 | · | · | · | · | |
| Debt / Equity | 0.2 | 0.2 | · | 0.2 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | |
| LT Debt / Equity | 0.0 | 0.0 | · | 0.0 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | -108.0 | -421.7 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | 0.0 | 0.0 | |
| Inventory Turnover | 2.8 | 2.9 | · | 6.1 | 1.2 | 4.5 | · | 18.7 | · | · | · | · | · | · | |
| Receivables Turnover | · | · | · | · | · | · | · | 3.9 | 4.0 | 4.7 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.03 | $2.30 | · | $0.79 | $0.30 | $0.59 | · | $0.57 | $0.21 | $0.22 | · | $0.23 | $0.27 | $0.32 | |
| Revenue / Share | $0.04 | $0.03 | · | $0.06 | $0.02 | $0.02 | · | $0.02 | · | · | · | · | · | · | |
| Cash Flow / Share | · | $-0.15 | · | · | · | $-0.05 | · | · | · | · | · | · | · | · | |
| Cash / Share | $1.69 | $1.65 | · | $1.22 | $0.81 | $0.78 | · | $0.75 | · | · | · | · | · | · | |
| EPS (TTM) | $-1.29 | $-2.05 | · | $-1.41 | $-1.38 | $-0.59 | · | $-0.61 | $-0.63 | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $31M | $27M | · | $8M | $5M | $4M | · | $3M | $2M | $1M | · | · | · | · | |
| Net Income TTM | $-117M | $-159M | · | $-106M | $-100M | $-34M | · | $-27M | $-24M | $-20M | · | $-13M | $-11M | $-8M | |
| Market Cap | $810M | $556M | · | $898M | $618M | $338M | · | $190M | $160M | $201M | · | $36M | $21M | $32M | |
| Enterprise Value | $614M | $324M | · | $798M | $550M | $283M | · | $139M | · | · | · | · | · | · | |
| P/E | -4.8 | -2.2 | · | -6.8 | -5.3 | -7.9 | · | -4.6 | -4.9 | · | · | · | · | · | |
| P/S | 26.2 | 20.7 | · | 107.2 | 134.8 | 76.7 | · | 56.2 | 69.5 | 157.6 | · | · | · | · | |
| P/B | 3.1 | 1.9 | · | 12.1 | 24.5 | 8.0 | · | 4.9 | 14.5 | 19.1 | · | 4.2 | 2.1 | 2.7 | |
| P / Tangible Book | 3.1 | 2.0 | · | 13.4 | 28.2 | 8.6 | · | 5.4 | 20.7 | 27.3 | · | 4.2 | 2.1 | 2.7 | |
| P / Cash Flow | · | -31.3 | · | · | · | -106.6 | · | · | · | -67.6 | · | · | · | -22.1 | |
| EV / Revenue | 19.9 | 12.0 | · | 95.2 | 120.1 | 64.2 | · | 41.0 | · | · | · | · | · | · | |
| Earnings Yield | -20.7% | -46.4% | · | -14.7% | -18.8% | -12.6% | · | -21.9% | -20.6% | · | · | · | · | · | |
| Payout Ratio | · | · | · | · | · | · | · | · | -31.3% | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $24M | $4M | $433.0K | $0 | · |
| Operating Margin % | · | · | · | -150770.2% | · |
| Net Income | $-160M | $-32M | $-16M | $-5M | · |
| Diluted EPS | $-2.11 | $-0.63 | $-0.49 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.0 | · |
| Current Ratio | · | · | · | 1.7 | · |
| Quick Ratio | · | · | · | 1.2 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | · | · | $-7M | · |
Institutional owners (13F) 213 filers · $499.1M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
213
Value held
$499.1M
New positions
40
Exited positions
26
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 40 (-10 vs prior Q) | 26 (-7 vs prior Q) | 76 (-6 vs prior Q) | 57 (+16 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $57,330,971 | 9,217,198 | 11.49% | Shares |
| Encompass Capital Advisors LLC | $40,814,110 | 6,561,754 | 8.18% | Shares |
| VANGUARD GROUP INC | $34,273,406 | 6,406,244 | 6.87% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $30,993,968 | 4,982,953 | 6.21% | Shares |
| Rovida Investment Management Ltd | $25,502,000 | 4,100,000 | 5.11% | Shares |
| UBS Group AG | $20,200,277 | 3,247,633 | 4.05% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $18,328,141 | 2,945,901 | 3.67% | Shares |
| Alyeska Investment Group, L.P. | $17,686,589 | 2,843,503 | 3.54% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $16,250,994 | 2,612,700 | 3.26% | Call option |
| STATE STREET CORP | $16,144,464 | 2,595,573 | 3.23% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $14,029,266 | 2,255,509 | 2.81% | Shares |
| AWM Investment Company, Inc. | $9,836,868 | 1,581,490 | 1.97% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $9,809,040 | 1,577,016 | 1.97% | Shares |
| PEAK6 LLC | $8,541,304 | 1,373,200 | 1.71% | Call option |
| Philadelphia Financial Management of San Francisco, LLC | $8,353,504 | 1,343,007 | 1.67% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,681,078 | 1,234,900 | 1.54% | Put option |
| MORGAN STANLEY | $7,229,630 | 1,162,320 | 1.45% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,937,732 | 1,115,391 | 1.39% | Shares |
| NORTHERN TRUST CORP | $6,264,871 | 1,007,214 | 1.26% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,817,889 | 935,352 | 1.17% | Shares |
| BARCLAYS PLC | $5,273,199 | 847,781 | 1.06% | Shares |
| MARSHALL WACE, LLP | $5,197,780 | 835,656 | 1.04% | Shares |
| Man Group plc | $5,152,505 | 828,377 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,904,849 | 788,561 | 0.98% | Shares |
| JANE STREET GROUP, LLC | $4,852,844 | 780,200 | 0.97% | Call option |
| CITADEL ADVISORS LLC | $4,826,720 | 776,000 | 0.97% | Call option |
| BANK OF AMERICA CORP /DE/ | $4,410,335 | 709,057 | 0.88% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,386,052 | 705,153 | 0.88% | Shares |
| WOLVERINE TRADING, LLC | $3,822,255 | 369,300 | 0.77% | Call option |
| CITADEL ADVISORS LLC | $3,603,868 | 579,400 | 0.72% | Put option |
| GOLDMAN SACHS GROUP INC | $3,584,437 | 576,276 | 0.72% | Shares |
| WIM INVESTMENT MANAGEMENT Ltd | $3,367,508 | 541,400 | 0.67% | Shares |
| JANE STREET GROUP, LLC | $3,351,958 | 538,900 | 0.67% | Put option |
| Diametric Capital, LP | $3,349,575 | 538,517 | 0.67% | Shares |
| UBS Group AG | $3,152,918 | 506,900 | 0.63% | Call option |
| Nuveen, LLC | $3,069,079 | 493,421 | 0.61% | Shares |
| GROUP ONE TRADING LLC | $2,851,142 | 458,383 | 0.57% | Shares |
| Creek Drive Management Group LLC | $2,642,256 | 424,800 | 0.53% | Call option |
| Shay Capital LLC | $2,568,860 | 413,000 | 0.51% | Shares |
| Rathbones Group PLC | $2,373,670 | 381,619 | 0.48% | Shares |
| WOLVERINE TRADING, LLC | $2,345,310 | 226,600 | 0.47% | Put option |
| CITADEL ADVISORS LLC | $2,224,216 | 357,591 | 0.45% | Shares |
| Bank of New York Mellon Corp | $2,219,743 | 356,872 | 0.44% | Shares |
| Caprock Group, LLC | $1,998,890 | 321,365 | 0.40% | Shares |
| Crawford Fund Management, LLC | $1,928,200 | 310,000 | 0.39% | Put option |
| HITE Hedge Asset Management LLC | $1,877,426 | 301,837 | 0.38% | Shares |
| BANK OF MONTREAL /CAN/ | $1,633,123 | 262,560 | 0.33% | Shares |
| Saba Capital Management, L.P. | $1,626,343 | 261,470 | 0.33% | Shares |
| JPMORGAN CHASE & CO | $1,499,356 | 241,054 | 0.30% | Shares |
| Headlands Technologies LLC | $1,494,025 | 240,197 | 0.30% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| ASP Isotopes Inc., Quantum Leap Energy LLC | Sept. 22, 2025 | 36.70% | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 13 insiders · 4 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul Elliot Mann | Chairman and CEO | Sept. 4, 2026 S | 9,328,570 | 0 | 10 | $-5,951,441 |
| Heather Kiessling | Chief Financial Officer | July 1, 2026 S | 1,526,252 | 0 | 3 | $-735,939 |
| Robert Ainscow | COO | Sept. 8, 2026 S | 2,248,441 | 0 | 10 | $-1,477,909 |
| Donald George Ainscow | EVP, Gen Counsel, Secretary | Sept. 2, 2026 S | 776,322 | 0 | 2 | $-706,107 |
| Robert John Andrew Ryan | Director | Sept. 30, 2026 P | 675,222 | 2 | 0 | $61,800 |
| Michael Gorley | Director | June 30, 2026 S | 87,908 | 0 | 1 | $-188,100 |
| Todd Wider | Director | June 30, 2026 S | 672,247 | 0 | 2 | $-618,500 |
| Duncan Moore | Director | April 16, 2026 S | 1,044,928 | 0 | 1 | $-60,538 |
| Ralph L. Hunter JR | Director | Dec. 18, 2025 A | 47,018 | 0 | 0 | $0 |
| Joshua Jay Donfeld | Director | Oct. 26, 2023 P | 1,104,167 | 0 | 0 | $0 |
| Sergey Vasnetsov | Director | March 1, 2023 A | 3,838,607 | 0 | 0 | $0 |
| Hendrik Strydom | Director | Nov. 15, 2022 A | 3,797,423 | 0 | 0 | $0 |
| AK Jensen Investment Management Ltd | 10% owner | Oct. 11, 2024 A | 6,746,874 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 20 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SRVR · Pacer Funds Trust | 0.80% | 738,035 NS | July 31, 2026 | N-PORT |
| MGNR · AMERICAN BEACON SELECT FUNDS | 0.40% | 839,371 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.10% | 397,704 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.04% | 104,977 SH | Aug. 19, 2026 | Daily |
| VAW · VANGUARD WORLD FUND | 0.04% | 313,948 SH | Aug. 19, 2026 | Daily |
| FMAT · FIDELITY COVINGTON TRUST | 0.03% | 41,968 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.02% | 903,929 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 670,212 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 55,659 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 2,986,314 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,269,490 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 16,154 SH | Aug. 19, 2026 | Daily |
| TEXN · iShares Trust | 0.01% | 417 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.00% | 6,483 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 183,313 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 21,217 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,593,895 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 10,100 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 165,377 SH | Sept. 11, 2026 | Daily |
| IFRA · iShares Trust | · | 172,524 SH | Sept. 11, 2026 | Daily |
ASPI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 9 analysts
BUY
Median target
$13.00
+346.7%
2 22.2%
Strong Buy
6 66.7%
Buy
1 11.1%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-04Mean target $13.00 +346.7%
← Below all targets
Current price $2.91
Low$11.00
Mean$13.00
High$15.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ASPI | · | -2.5 | 475.5% | · | · | · |
| FTK | $519M | 20.5 | 26.9% | 12.9% | 33.0% | 25.2% |
| ECVT | $1.09B | -16.0 | 20.9% | -9.8% | -11.0% | 21.9% |
| RYAM | $395M | -0.9 | -10.1% | -28.7% | -127.7% | 8.1% |
| ASPN | $234M | -0.6 | -40.1% | -143.7% | -143.1% | 17.0% |
| VHI | $357M | -6.0 | -1.3% | -2.8% | -5.6% | 14.2% |
| ALTO | $223M | 18.0 | -4.9% | 1.5% | 5.9% | 3.8% |
| ACNT | $152M | 179.9 | -7.2% | 1.2% | 0.98% | 23.0% |
| ARQ | $140M | -2.6 | 10.4% | -43.7% | -27.4% | · |
| NTIC | $70M | · | -0.97% | 0.02% | 0.02% | 37.6% |
| SLSN | · | 80.0 | 18.6% | · | · | · |
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Source: SEC 10-Q filed Aug 14, 2026