ASP Isotopes (ASPI) Financials

$5.38 +0.05 (+0.94%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$5.42 +0.04 (+0.65%)

As of 05/8/2026 07:59 PM Eastern

Annual Income Statements for ASP Isotopes

This table shows ASP Isotopes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-4.95	-16	-35	-175
Consolidated Net Income / (Loss)	-4.95	-16	-32	-160
Net Income / (Loss) Continuing Operations	-4.95	-16	-32	-160
Total Pre-Tax Income	-4.95	-16	-32	-160
Total Operating Income	-5.10	-16	-26	-60
Total Gross Profit	0.00	0.14	1.60	3.41
Total Revenue	0.00	0.43	4.14	24
Operating Revenue	0.00	0.43	4.14	24
Total Cost of Revenue	0.00	0.29	2.55	20
Operating Cost of Revenue	0.00	0.29	2.55	20
Total Operating Expenses	5.10	16	28	63
Selling, General & Admin Expense	3.83	15	25	48
Research & Development Expense	1.27	0.76	3.14	15
Total Other Income / (Expense), net	0.15	-0.26	-5.96	-100
Interest Expense	0.00	0.12	0.26	0.58
Interest & Investment Income	0.00	0.01	1.24	6.79
Other Income / (Expense), net	0.15	-0.15	-6.94	-106
Income Tax Expense	0.00	-0.01	0.11	0.28
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.01	-0.09	15
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	0.00
Basic Earnings per Share	-	($0.49)	($0.63)	($2.11)
Weighted Average Basic Shares Outstanding	26.79M	33.07M	55.67M	83.01M
Diluted Earnings per Share	-	($0.49)	($0.63)	($2.11)
Weighted Average Diluted Shares Outstanding	26.79M	33.07M	55.67M	83.01M

This table shows ASP Isotopes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-4.29	-4.22	-4.16	-6.95	-12	-7.27	-9.18	-8.45	-75	-13	-79
Consolidated Net Income / (Loss)	-4.29	-4.22	-4.17	-6.96	-8.88	-7.36	-9.22	-8.46	-75	-13	-63
Net Income / (Loss) Continuing Operations	-4.29	-4.22	-4.17	-6.96	-8.88	-7.36	-9.13	-8.46	-75	-13	-63
Total Pre-Tax Income	-4.29	-4.22	-4.18	-7.01	-8.87	-7.36	-9.07	-8.53	-75	-13	-63
Total Operating Income	-4.35	-3.95	-4.02	-5.81	-7.46	-5.43	-7.65	-7.95	-12	-15	-25
Total Gross Profit	0.00	0.00	0.14	0.28	0.42	0.29	0.61	0.33	0.57	0.42	2.08
Total Revenue	0.00	0.00	0.43	0.84	1.02	1.09	1.19	1.10	1.20	4.89	17
Operating Revenue	0.00	0.00	0.43	0.84	1.02	1.09	1.19	1.10	1.20	4.89	17
Total Cost of Revenue	0.00	0.00	0.29	0.56	0.60	0.79	0.59	0.77	0.63	4.47	15
Operating Cost of Revenue	0.00	0.00	0.29	0.56	0.60	0.79	0.59	0.77	0.63	4.47	15
Total Operating Expenses	4.35	3.95	4.16	6.09	7.88	5.73	8.25	8.28	13	15	27
Selling, General & Admin Expense	4.09	3.71	4.10	5.88	7.41	4.69	6.84	6.75	12	12	18
Research & Development Expense	0.25	0.24	0.07	0.22	0.47	1.03	1.42	1.53	0.88	3.10	9.57
Total Other Income / (Expense), net	0.06	-0.28	-0.15	-1.20	-1.41	-1.93	-1.42	-0.58	-63	2.15	-38
Interest Expense	0.00	0.00	0.12	0.01	0.07	0.09	0.09	0.09	0.08	0.15	0.26
Interest & Investment Income	0.00	0.00	0.00	0.01	0.04	0.60	0.58	0.51	0.93	1.84	3.51
Other Income / (Expense), net	0.06	-0.28	-0.04	-1.20	-1.38	-2.44	-1.92	-1.01	-64	0.45	-41
Income Tax Expense	0.00	0.00	-0.01	-0.05	0.01	-0.01	0.06	-0.07	0.10	0.07	0.18
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-0.01	-0.02	0.05	-0.08	-0.04	-0.02	-0.09	-0.02	15
Basic Earnings per Share	-	($0.14)	-	($0.16)	($0.24)	($0.12)	-	($0.12)	($1.03)	($0.15)	($0.81)
Weighted Average Basic Shares Outstanding	29.80M	31.15M	33.07M	44.56M	49.14M	61.53M	55.67M	69.48M	73.01M	88.55M	83.01M
Diluted Earnings per Share	-	($0.14)	-	($0.16)	($0.24)	($0.12)	-	($0.12)	($1.03)	($0.15)	($0.81)
Weighted Average Diluted Shares Outstanding	29.80M	31.15M	33.07M	44.56M	49.14M	61.53M	55.67M	69.48M	73.01M	88.55M	83.01M
Weighted Average Basic & Diluted Shares Outstanding	29.80M	31.15M	33.07M	44.56M	49.14M	71.39M	72.07M	75.06M	91.91M	110.84M	0.00

This table details how cash moves in and out of ASP Isotopes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.77	5.52	54	223
Net Cash From Operating Activities	-2.94	-5.41	-17	-38
Net Cash From Continuing Operating Activities	-2.94	-5.41	-17	-38
Net Income / (Loss) Continuing Operations	-4.95	-16	-32	-160
Consolidated Net Income / (Loss)	-4.95	-16	-32	-160
Depreciation Expense	0.00	0.04	0.47	1.91
Non-Cash Adjustments To Reconcile Net Income	1.93	9.58	18	124
Changes in Operating Assets and Liabilities, net	0.07	1.26	-2.77	-3.70
Net Cash From Investing Activities	-4.47	-2.45	-11	-111
Net Cash From Continuing Investing Activities	-4.47	-2.45	-11	-111
Purchase of Property, Plant & Equipment	-4.47	-2.33	-11	-9.65
Acquisitions	0.00	-0.12	0.00	4.57
Purchase of Investments	-	-	0.00	-76
Other Investing Activities, net	-	0.00	0.00	-30
Net Cash From Financing Activities	6.64	13	83	372
Net Cash From Continuing Financing Activities	6.64	13	83	372
Repayment of Debt	0.00	-0.70	-0.61	-16
Repurchase of Common Equity	-1.47	-0.56	-3.65	-18
Payment of Dividends	-	-	-	0.00
Issuance of Debt	0.00	0.53	26	60
Issuance of Common Equity	8.12	14	53	341
Other Financing Activities, net	-0.01	-0.01	7.27	4.14
Cash Income Taxes Paid	-	-	0.00	0.08

This table details how cash moves in and out of ASP Isotopes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-1.71	-0.47	5.57	16	6.53	23	11	-5.75	11	46	171
Net Cash From Operating Activities	-1.26	-0.65	-2.06	-2.97	-5.12	-4.84	-3.76	-3.17	-7.90	-8.86	-18
Net Cash From Continuing Operating Activities	-1.51	0.17	-2.06	-2.97	-0.60	-7.30	-3.76	-3.17	-7.90	-8.86	-18
Net Income / (Loss) Continuing Operations	-4.29	-4.22	-4.17	-6.96	-8.88	-7.36	-9.22	-8.46	-75	-13	-63
Consolidated Net Income / (Loss)	-4.29	-4.22	-4.17	-6.96	-8.88	-7.36	-9.22	-8.46	-75	-13	-63
Depreciation Expense	0.00	0.00	0.04	0.10	0.15	0.18	0.05	0.15	0.53	0.30	0.94
Non-Cash Adjustments To Reconcile Net Income	2.37	2.90	2.16	3.56	5.88	5.91	4.65	3.21	69	3.72	48
Changes in Operating Assets and Liabilities, net	0.38	1.52	-0.09	0.33	2.36	-6.04	0.76	1.93	-1.81	0.02	-3.85
Net Cash From Investing Activities	-0.15	-0.68	-1.26	-1.25	-2.62	-4.48	-3.02	-2.36	-32	-1.50	-75
Net Cash From Continuing Investing Activities	-0.15	-0.68	-1.26	-1.25	-2.62	-4.48	-3.02	-2.36	-32	-1.50	-75
Purchase of Property, Plant & Equipment	-0.15	-0.68	-1.14	-1.25	-2.62	-4.48	-1.32	-2.31	-1.80	-3.15	-2.40
Acquisitions	-	-	-	-	-	-	-	-	-	-	-2.07
Purchase of Investments	-	-	-	-	-	-	-	-	-	-	-71
Other Investing Activities, net	-	-	-	0.00	-	-	-	-0.05	-30	-	0.03
Net Cash From Financing Activities	-	-	8.89	20	12	32	18	-0.23	51	57	264
Net Cash From Continuing Financing Activities	-	-	8.89	20	12	32	18	-0.23	51	57	264
Repayment of Debt	-	-	-0.70	-0.26	-0.18	-	-0.17	-0.25	-0.55	-2.58	-13
Repurchase of Common Equity	-	-	-0.06	-	-	-2.19	-1.45	-	-	-3.69	-11
Issuance of Debt	-	-	0.53	21	5.39	-	0.50	0.05	0.00	3.35	57
Issuance of Common Equity	-	-	9.13	-	5.54	29	19	-	-	60	231
Other Financing Activities, net	0.51	-	-0.01	-0.02	1.48	5.57	0.23	-0.02	4.79	-0.37	-0.27

This table presents ASP Isotopes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	12	28	94	498
Total Current Assets	3.30	11	66	400
Cash & Equivalents	2.39	7.91	62	286
Short-Term Investments	-	-	0.00	48
Note & Lease Receivable	-	-	0.00	32
Accounts Receivable	0.00	0.22	0.71	18
Inventories, net	-	0.00	0.07	1.10
Prepaid Expenses	0.91	1.66	3.05	14
Other Current Assets	0.00	0.72	0.03	1.78
Plant, Property, & Equipment, net	8.20	11	22	33
Total Noncurrent Assets	0.99	6.32	6.25	65
Long-Term Investments	-	-	0.00	47
Noncurrent Note & Lease Receivables	-	-	0.00	0.43
Goodwill	0.00	3.27	3.17	8.57
Intangible Assets	-	-	0.00	1.48
Noncurrent Deferred & Refundable Income Taxes	-	0.00	0.03	0.00
Other Noncurrent Operating Assets	0.99	3.05	3.05	6.87
Total Liabilities & Shareholders' Equity	12	28	94	498
Total Liabilities	2.68	8.71	43	235
Total Current Liabilities	1.94	5.67	7.06	33
Short-Term Debt	0.03	0.47	0.94	13
Accounts Payable	1.35	1.11	1.02	5.76
Accrued Expenses	0.36	1.31	2.28	6.22
Current Deferred Revenue	0.00	0.88	0.88	0.88
Other Current Liabilities	0.19	1.90	1.94	6.95
Total Noncurrent Liabilities	0.74	3.04	36	202
Long-Term Debt	-	0.00	33	199
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.11	0.00	0.10
Other Noncurrent Operating Liabilities	0.74	2.93	2.69	3.00
Commitments & Contingencies	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	9.82	19	51	263
Total Preferred & Common Equity	9.82	16	48	204
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	9.82	16	48	204
Common Stock	17	41	106	433
Retained Earnings	-7.55	-24	-56	-231
Accumulated Other Comprehensive Income / (Loss)	0.26	-0.92	-2.16	2.54
Noncontrolling Interest	0.00	2.53	3.27	59

This table presents ASP Isotopes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	12	45	55	84	91	136	226
Total Current Assets	2.73	26	32	56	59	102	174
Cash & Equivalents	2.29	24	28	52	56	68	114
Note & Lease Receivable	-	-	-	-	-	30	31
Accounts Receivable	-	0.35	0.52	0.56	0.69	0.65	17
Inventories, net	-	-	-	0.08	0.34	1.05	1.37
Prepaid Expenses	0.44	1.93	3.25	3.87	2.03	1.83	10
Other Current Assets	-	0.00	0.05	0.00	0.00	0.02	0.02
Plant, Property, & Equipment, net	8.35	14	18	23	25	28	31
Total Noncurrent Assets	0.80	4.85	4.91	5.05	6.47	6.73	21
Long-Term Investments	-	-	-	-	-	-	6.32
Noncurrent Note & Lease Receivables	-	-	-	-	-	0.38	0.41
Goodwill	-	3.17	3.29	3.46	3.26	3.36	6.85
Intangible Assets	-	-	-	-	-	-	1.19
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	0.11	0.03	0.07
Other Noncurrent Operating Assets	0.80	1.68	1.63	1.59	3.09	2.95	6.07
Total Liabilities & Shareholders' Equity	12	45	55	84	91	136	226
Total Liabilities	3.23	32	40	42	45	108	129
Total Current Liabilities	2.60	7.33	8.01	7.43	8.18	6.90	28
Short-Term Debt	0.03	0.21	0.03	0.03	0.77	0.34	12
Accounts Payable	0.40	2.22	2.43	1.80	2.05	2.60	3.42
Accrued Expenses	1.09	1.77	2.46	1.76	3.05	1.79	3.66
Current Deferred Revenue	0.88	0.88	0.88	0.88	0.88	0.88	0.88
Other Current Liabilities	0.19	2.25	2.21	2.95	1.43	1.29	7.96
Total Noncurrent Liabilities	0.63	25	32	35	37	101	101
Long-Term Debt	-	22	29	32	36	98	100
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.06	0.07	0.08	-	-	0.31
Other Noncurrent Operating Liabilities	0.63	2.95	3.23	2.83	1.11	2.55	1.14
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8.64	13	14	42	46	28	97
Total Preferred & Common Equity	8.64	11	11	39	43	25	74
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8.64	11	11	39	43	25	74
Common Stock	30	43	51	85	108	165	226
Retained Earnings	-20	-31	-40	-47	-65	-140	-153
Accumulated Other Comprehensive Income / (Loss)	-1.29	-1.46	-0.70	0.60	-0.99	0.03	0.95
Noncontrolling Interest	-	2.51	3.35	3.32	3.21	3.08	23

This table displays calculated financial ratios and metrics derived from ASP Isotopes' official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	110,840,122.00
DEI Adjusted Shares Outstanding	-	-	-	110,840,122.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-1.58
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	0.00%	857.04%	475.51%
EBITDA Growth	0.00%	-226.43%	-103.18%	-399.28%
EBIT Growth	0.00%	-227.18%	-105.62%	-397.96%
NOPAT Growth	0.00%	-214.61%	-64.28%	-127.32%
Net Income Growth	0.00%	-229.50%	-98.98%	-392.99%
EPS Growth	0.00%	0.00%	-28.57%	-234.92%
Operating Cash Flow Growth	0.00%	-84.10%	-208.47%	-126.28%
Free Cash Flow Firm Growth	0.00%	0.00%	-102.53%	-267.31%
Invested Capital Growth	0.00%	52.67%	107.57%	299.56%
Revenue Q/Q Growth	0.00%	0.00%	22.49%	184.48%
EBITDA Q/Q Growth	0.00%	-1,667,112.69%	-20.10%	-51.83%
EBIT Q/Q Growth	0.00%	0.00%	-19.80%	-52.16%
NOPAT Q/Q Growth	0.00%	0.00%	-15.95%	-40.84%
Net Income Q/Q Growth	0.00%	0.00%	-18.45%	-51.18%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-49.65%
Operating Cash Flow Q/Q Growth	0.00%	-28.34%	-11.36%	-59.48%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	3.38%	-17.76%
Invested Capital Q/Q Growth	0.00%	78.39%	6.28%	7.07%
Profitability Metrics	-	-	-	-
Gross Margin	0.00%	32.09%	38.60%	14.28%
EBITDA Margin	0.00%	-3,730.34%	-791.94%	-687.09%
Operating Margin	0.00%	-3,704.63%	-635.91%	-251.20%
EBIT Margin	0.00%	-3,738.99%	-803.31%	-695.11%
Profit (Net Income) Margin	0.00%	-3,762.85%	-782.36%	-670.23%
Tax Burden Percent	100.00%	99.96%	100.34%	100.18%
Interest Burden Percent	99.93%	100.68%	97.06%	96.25%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-119.11%	-105.29%	-70.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-15.68%	-25.33%	49.37%
Return on Net Nonoperating Assets (RNNOA)	0.00%	5.36%	12.65%	-30.80%
Return on Equity (ROE)	-100.74%	-113.75%	-92.64%	-101.79%
Cash Return on Invested Capital (CROIC)	0.00%	-160.81%	-175.24%	-190.92%
Operating Return on Assets (OROA)	0.00%	-80.88%	-54.62%	-55.97%
Return on Assets (ROA)	0.00%	-81.39%	-53.20%	-53.97%
Return on Common Equity (ROCE)	-100.74%	-103.69%	-84.96%	-81.69%
Return on Equity Simple (ROE_SIMPLE)	-50.37%	-99.99%	-67.69%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.57	-11	-18	-42
NOPAT Margin	0.00%	-2,593.24%	-445.14%	-175.84%
Net Nonoperating Expense Percent (NNEP)	-58.41%	-103.43%	-79.96%	-120.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-58.18%	-21.57%	-8.83%
Cost of Revenue to Revenue	0.00%	67.91%	61.40%	85.72%
SG&A Expenses to Revenue	0.00%	3,560.15%	598.77%	202.26%
R&D to Revenue	0.00%	176.57%	75.74%	63.21%
Operating Expenses to Revenue	0.00%	3,736.72%	674.51%	265.47%
Earnings before Interest and Taxes (EBIT)	-4.95	-16	-33	-166
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.95	-16	-33	-164
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	5.36	6.75	2.90
Price to Tangible Book Value (P/TBV)	0.00	6.70	7.23	3.06
Price to Revenue (P/Rev)	0.00	201.61	78.04	24.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.23	12.65	5.12
Enterprise Value to Revenue (EV/Rev)	0.00	190.29	72.18	20.27
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.03	0.67	0.81
Long-Term Debt to Equity	0.00	0.00	0.65	0.76
Financial Leverage	-0.24	-0.34	-0.50	-0.62
Leverage Ratio	1.27	1.40	1.74	1.89
Compound Leverage Factor	1.27	1.41	1.69	1.82
Debt to Total Capital	0.34%	2.44%	40.18%	44.67%
Short-Term Debt to Total Capital	0.34%	2.44%	1.10%	2.71%
Long-Term Debt to Total Capital	0.00%	0.00%	39.09%	41.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	13.13%	3.82%	12.37%
Common Equity to Total Capital	99.66%	84.43%	56.00%	42.97%
Debt to EBITDA	-0.01	-0.03	-1.05	-1.30
Net Debt to EBITDA	0.48	0.46	0.84	1.03
Long-Term Debt to EBITDA	0.00	0.00	-1.02	-1.22
Debt to NOPAT	-0.01	-0.04	-1.86	-5.06
Net Debt to NOPAT	0.66	0.66	1.49	4.02
Long-Term Debt to NOPAT	0.00	0.00	-1.81	-4.75
Altman Z-Score	0.00	3.09	3.29	0.70
Noncontrolling Interest Sharing Ratio	0.00%	8.85%	8.29%	19.75%
Liquidity Ratios	-	-	-	-
Current Ratio	1.71	1.85	9.31	12.23
Quick Ratio	1.23	1.43	8.87	11.72
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-15	-31	-113
Operating Cash Flow to CapEx	-65.72%	-232.16%	-172.56%	-391.34%
Free Cash Flow to Firm to Interest Expense	0.00	-127.88	-118.61	-196.14
Operating Cash Flow to Interest Expense	0.00	-45.66	-64.49	-65.70
Operating Cash Flow Less CapEx to Interest Expense	0.00	-65.32	-101.87	-82.49
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.02	0.07	0.08
Accounts Receivable Turnover	0.00	0.00	8.98	2.57
Inventory Turnover	0.00	0.00	0.00	35.13
Fixed Asset Turnover	0.00	0.05	0.25	0.85
Accounts Payable Turnover	0.00	0.24	2.39	6.03
Days Sales Outstanding (DSO)	0.00	0.00	40.67	142.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	10.39
Days Payable Outstanding (DPO)	0.00	1,530.92	152.99	60.49
Cash Conversion Cycle (CCC)	0.00	-1,530.92	-112.33	92.15
Capital & Investment Metrics	-	-	-	-
Invested Capital	7.46	11	24	94
Invested Capital Turnover	0.00	0.05	0.24	0.40
Increase / (Decrease) in Invested Capital	0.00	3.93	12	71
Enterprise Value (EV)	0.00	82	299	483
Market Capitalization	0.00	87	323	593
Book Value per Share	$0.37	$0.33	$0.67	$1.84
Tangible Book Value per Share	$0.37	$0.27	$0.63	$1.75
Total Capital	9.85	19	86	475
Total Debt	0.03	0.47	34	212
Total Long-Term Debt	0.00	0.00	33	199
Net Debt	-2.36	-7.44	-28	-168
Capital Expenditures (CapEx)	4.47	2.33	9.68	9.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.99	-2.60	-2.27	47
Debt-free Net Working Capital (DFNWC)	1.40	5.31	60	380
Net Working Capital (NWC)	1.37	4.84	59	367
Net Nonoperating Expense (NNE)	1.38	5.06	14	118
Net Nonoperating Obligations (NNO)	-2.36	-7.44	-28	-168
Total Depreciation and Amortization (D&A)	0.00	0.04	0.47	1.91
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-600.77%	-54.67%	196.23%
Debt-free Net Working Capital to Revenue	0.00%	1,225.49%	1,438.74%	1,593.81%
Net Working Capital to Revenue	0.00%	1,116.86%	1,416.08%	1,539.78%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.63)	($2.11)
Adjusted Weighted Average Basic Shares Outstanding	0.00	33.07M	55.67M	83.01M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.63)	($2.11)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	33.07M	55.67M	83.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	33.07M	72.07M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-3.57	-11	-18	-42
Normalized NOPAT Margin	0.00%	-2,593.24%	-445.14%	-175.84%
Pre Tax Income Margin	0.00%	-3,764.27%	-779.67%	-669.05%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	-136.58	-128.60	-288.31
NOPAT to Interest Expense	0.00	-94.73	-71.26	-72.93
EBIT Less CapEx to Interest Expense	0.00	-156.24	-165.98	-305.10
NOPAT Less CapEx to Interest Expense	0.00	-114.39	-108.64	-89.72
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-29.63%	-3.46%	-11.25%	-11.24%

This table displays calculated financial ratios and metrics derived from ASP Isotopes' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,840,122.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,840,122.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.71
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	175.71%	31.09%	17.22%	349.53%	1,295.68%
EBITDA Growth	0.00%	-115.98%	0.00%	-89.22%	-103.56%	-82.22%	-136.43%	-27.54%	-766.82%	-84.72%	-587.75%
EBIT Growth	0.00%	-116.02%	0.00%	-93.91%	-106.23%	-86.35%	-135.43%	-27.78%	-758.45%	-84.36%	-594.28%
NOPAT Growth	0.00%	-101.99%	0.00%	-56.11%	-71.53%	-37.68%	-90.10%	-36.76%	-60.49%	-175.45%	-227.14%
Net Income Growth	0.00%	-7.92%	0.00%	-92.66%	-107.20%	-74.20%	-121.12%	-21.49%	-746.23%	-75.29%	-586.79%
EPS Growth	0.00%	-133.33%	0.00%	0.00%	0.00%	14.29%	0.00%	25.00%	-329.17%	-25.00%	-636.36%
Operating Cash Flow Growth	0.00%	0.00%	-138.65%	-105.57%	-307.72%	-640.92%	-82.76%	-6.72%	-54.18%	-83.00%	-374.71%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-114.98%	-161.00%	-33.46%	-155.81%	-288.81%	-401.75%
Invested Capital Growth	0.00%	0.00%	52.67%	0.00%	0.00%	248.42%	107.57%	132.27%	288.51%	296.59%	299.56%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	94.07%	21.65%	6.40%	9.76%	-7.73%	8.78%	308.02%	240.72%
EBITDA Q/Q Growth	-18.71%	1.09%	4.73%	-69.15%	-27.71%	11.46%	-23.62%	7.44%	-755.59%	81.13%	-360.26%
EBIT Q/Q Growth	-18.59%	1.43%	3.88%	-72.60%	-26.12%	10.94%	-21.44%	6.32%	-747.28%	80.87%	-357.32%
NOPAT Q/Q Growth	-16.72%	9.22%	-1.94%	-44.53%	-28.25%	27.14%	-40.75%	-3.98%	-50.50%	-25.05%	-67.17%
Net Income Q/Q Growth	-18.57%	1.49%	1.24%	-13,426.27%	-27.52%	17.18%	-25.36%	8.24%	-788.23%	82.84%	-391.18%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-758.33%	85.44%	-440.00%
Operating Cash Flow Q/Q Growth	13.01%	48.03%	-214.91%	-44.39%	-72.52%	5.55%	22.32%	15.69%	-149.26%	-12.10%	-101.53%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	26.26%	-128.71%	-32.45%	3.76%	10.47%	-16.94%	-153.88%	-46.27%	-15.54%
Invested Capital Q/Q Growth	0.00%	0.00%	78.39%	-0.29%	33.96%	46.23%	6.28%	11.58%	124.06%	49.27%	7.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	32.09%	33.18%	41.18%	27.03%	50.74%	29.67%	47.74%	8.65%	12.50%
EBITDA Margin	0.00%	0.00%	-929.61%	-810.25%	-850.59%	-707.83%	-797.18%	-799.72%	-6,289.94%	-290.86%	-392.91%
Operating Margin	0.00%	0.00%	-929.07%	-691.95%	-729.48%	-499.55%	-640.58%	-721.89%	-998.76%	-306.10%	-150.19%
EBIT Margin	0.00%	0.00%	-938.03%	-834.28%	-864.93%	-724.01%	-801.01%	-813.24%	-6,334.16%	-296.92%	-398.54%
Profit (Net Income) Margin	0.00%	0.00%	-963.04%	-828.80%	-868.77%	-676.24%	-772.36%	-768.10%	-6,271.75%	-263.70%	-380.15%
Tax Burden Percent	100.00%	100.00%	99.85%	99.32%	100.16%	99.89%	101.69%	99.17%	100.13%	100.57%	100.29%
Interest Burden Percent	99.97%	99.92%	102.82%	100.02%	100.29%	93.51%	94.82%	95.24%	98.89%	88.30%	95.11%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-29.87%	-108.59%	-154.06%	-82.62%	-106.06%	-117.95%	-86.17%	-32.51%	-42.44%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-2.22%	238.73%	-1,009.54%	-50.35%	-83.93%	-90.39%	-507.93%	-15.32%	4.33%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.76%	-30.54%	-60.17%	21.88%	41.92%	32.32%	-376.93%	3.11%	-2.70%
Return on Equity (ROE)	0.00%	0.00%	-29.11%	-139.13%	-214.23%	-60.74%	-64.15%	-85.63%	-463.11%	-29.40%	-45.14%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-160.81%	-423.45%	-395.42%	-221.91%	-175.24%	-185.29%	-180.27%	-173.34%	-190.92%
Operating Return on Assets (OROA)	0.00%	0.00%	-20.29%	-46.81%	-72.52%	-51.03%	-54.47%	-52.59%	-304.39%	-16.06%	-32.09%
Return on Assets (ROA)	0.00%	0.00%	-20.83%	-46.51%	-72.84%	-47.67%	-52.52%	-49.67%	-301.39%	-14.26%	-30.61%
Return on Common Equity (ROCE)	0.00%	0.00%	-26.54%	-112.33%	-164.26%	-56.76%	-58.83%	-77.29%	-393.33%	-23.92%	-36.23%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	-186.77%	-220.12%	-70.74%	0.00%	-79.79%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.04	-2.76	-2.82	-4.07	-5.22	-3.80	-5.35	-5.57	-8.38	-10	-18
NOPAT Margin	0.00%	0.00%	-650.35%	-484.36%	-510.64%	-349.69%	-448.41%	-505.32%	-699.13%	-214.27%	-105.13%
Net Nonoperating Expense Percent (NNEP)	0.00%	-129.60%	-27.65%	-347.31%	855.48%	-32.27%	-22.13%	-27.56%	421.76%	-17.19%	-46.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-14.59%	-	-	-	-6.26%	-6.76%	-6.61%	-5.02%	-3.69%
Cost of Revenue to Revenue	0.00%	0.00%	67.91%	66.82%	58.82%	72.97%	49.26%	70.33%	52.26%	91.35%	87.50%
SG&A Expenses to Revenue	0.00%	0.00%	946.11%	699.53%	724.37%	431.48%	572.71%	612.69%	973.07%	251.39%	105.26%
R&D to Revenue	0.00%	0.00%	15.05%	25.60%	46.30%	95.10%	118.61%	138.87%	73.43%	63.37%	57.43%
Operating Expenses to Revenue	0.00%	0.00%	961.16%	725.13%	770.66%	526.58%	691.32%	751.56%	1,046.50%	314.76%	162.69%
Earnings before Interest and Taxes (EBIT)	-4.29	-4.23	-4.06	-7.01	-8.84	-7.87	-9.56	-8.96	-76	-15	-66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.27	-4.23	-4.03	-6.81	-8.70	-7.70	-9.52	-8.81	-75	-14	-65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	5.36	19.15	14.38	4.79	6.75	7.95	21.90	11.94	2.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	6.70	27.40	20.51	5.26	7.23	8.61	25.26	13.39	3.06
Price to Revenue (P/Rev)	0.00	0.00	201.61	158.19	69.00	54.79	78.04	76.72	120.58	105.47	24.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	7.23	17.81	10.69	7.59	12.65	12.20	9.92	10.18	5.12
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	190.29	158.85	70.83	49.93	72.18	73.06	127.98	107.16	20.27
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.03	1.71	2.03	0.76	0.67	0.80	3.48	1.16	0.81
Long-Term Debt to Equity	0.00	0.00	0.00	1.69	2.03	0.76	0.65	0.78	3.47	1.03	0.76
Financial Leverage	0.00	-0.26	-0.34	-0.13	0.06	-0.43	-0.50	-0.36	0.74	-0.20	-0.62
Leverage Ratio	0.00	1.37	1.40	3.48	3.81	1.90	1.74	2.32	4.47	2.24	1.89
Compound Leverage Factor	0.00	1.37	1.44	3.48	3.82	1.77	1.65	2.21	4.42	1.97	1.79
Debt to Total Capital	0.00%	0.39%	2.44%	63.05%	66.97%	43.09%	40.18%	44.47%	77.67%	53.67%	44.67%
Short-Term Debt to Total Capital	0.00%	0.39%	2.44%	0.59%	0.07%	0.05%	1.10%	0.94%	0.27%	5.95%	2.71%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	62.46%	66.90%	43.05%	39.09%	43.53%	77.40%	47.72%	41.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	13.13%	7.12%	7.71%	4.49%	3.82%	3.90%	2.43%	10.81%	12.37%
Common Equity to Total Capital	0.00%	99.61%	84.43%	29.84%	25.33%	52.42%	56.00%	51.62%	19.90%	35.52%	42.97%
Debt to EBITDA	0.00	34.94	-0.03	-1.14	-1.22	-1.16	-1.05	-1.05	-0.97	-1.04	-1.30
Net Debt to EBITDA	0.00	-2,325.03	0.46	0.09	-0.04	0.72	0.84	0.56	-0.30	0.08	1.03
Long-Term Debt to EBITDA	0.00	0.00	0.00	-1.13	-1.22	-1.16	-1.02	-1.03	-0.97	-0.92	-1.22
Debt to NOPAT	0.00	0.00	-0.04	-1.75	-1.96	-2.00	-1.86	-1.84	-4.26	-3.76	-5.06
Net Debt to NOPAT	0.00	0.00	0.66	0.13	-0.06	1.24	1.49	0.97	-1.33	0.28	4.02
Long-Term Debt to NOPAT	0.00	0.00	0.00	-1.73	-1.96	-2.00	-1.81	-1.80	-4.25	-3.34	-4.75
Altman Z-Score	0.00	0.00	4.54	2.80	1.37	2.28	4.12	3.89	0.67	3.76	1.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	8.85%	19.26%	23.33%	6.55%	8.29%	9.74%	15.07%	18.65%	19.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.05	1.85	3.57	4.00	7.55	9.31	7.21	14.72	6.14	12.23
Quick Ratio	0.00	0.88	1.43	3.31	3.59	7.02	8.87	6.92	14.30	5.74	11.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-9.15	-6.75	-15	-20	-20	-18	-21	-52	-76	-88
Operating Cash Flow to CapEx	-857.67%	-95.85%	-180.27%	-238.43%	-195.45%	-107.93%	-284.25%	-137.27%	-439.39%	-281.35%	-744.34%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-56.91	-1,119.13	-295.87	-216.23	-207.08	-236.29	-639.13	-523.60	-339.85
Operating Cash Flow to Interest Expense	0.00	0.00	-17.35	-215.44	-74.19	-53.21	-44.21	-36.37	-96.59	-60.65	-68.66
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-26.98	-305.79	-112.15	-102.51	-59.77	-62.87	-118.57	-82.20	-77.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.02	0.06	0.08	0.07	0.07	0.06	0.05	0.05	0.08
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	8.98	8.42	7.87	0.93	2.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.86	35.13
Fixed Asset Turnover	0.00	0.00	0.05	0.00	0.00	0.22	0.25	0.22	0.20	0.31	0.85
Accounts Payable Turnover	0.00	0.00	0.24	0.00	0.00	2.05	2.39	1.29	1.11	2.47	6.03
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	40.67	43.34	46.40	391.55	142.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	41.18	10.39
Days Payable Outstanding (DPO)	0.00	0.00	1,530.92	0.00	0.00	178.36	152.99	282.61	330.10	147.64	60.49
Cash Conversion Cycle (CCC)	0.00	0.00	-1,530.92	0.00	0.00	-178.36	-112.33	-239.27	-283.69	285.09	92.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	6.39	11	11	15	22	24	26	59	88	94
Invested Capital Turnover	0.00	0.00	0.05	0.22	0.30	0.24	0.24	0.23	0.12	0.15	0.40
Increase / (Decrease) in Invested Capital	0.00	6.39	3.93	11	15	16	12	15	44	66	71
Enterprise Value (EV)	0.00	0.00	82	202	163	169	299	322	586	898	483
Market Capitalization	0.00	0.00	87	201	158	185	323	338	552	884	593
Book Value per Share	$0.00	$0.28	$0.33	$0.22	$0.21	$0.58	$0.67	$0.60	$0.34	$0.81	$1.84
Tangible Book Value per Share	$0.00	$0.28	$0.27	$0.15	$0.15	$0.53	$0.63	$0.55	$0.29	$0.72	$1.75
Total Capital	0.00	8.67	19	35	43	74	86	82	127	209	475
Total Debt	0.00	0.03	0.47	22	29	32	34	37	98	112	212
Total Long-Term Debt	0.00	0.00	0.00	22	29	32	33	36	98	100	199
Net Debt	0.00	-2.25	-7.44	-1.67	0.86	-20	-28	-19	31	-8.35	-168
Capital Expenditures (CapEx)	0.15	0.68	1.14	1.25	2.62	4.48	1.32	2.31	1.80	3.15	2.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-2.13	-2.60	-4.84	-4.17	-2.87	-2.27	-4.35	27	44	47
Debt-free Net Working Capital (DFNWC)	0.00	0.16	5.31	19	24	49	60	52	95	158	380
Net Working Capital (NWC)	0.00	0.13	4.84	19	24	49	59	51	95	146	367
Net Nonoperating Expense (NNE)	1.24	1.46	1.35	2.89	3.66	3.55	3.87	2.89	67	2.42	46
Net Nonoperating Obligations (NNO)	0.00	-2.25	-7.44	-1.67	0.86	-20	-28	-19	31	-8.35	-168
Total Depreciation and Amortization (D&A)	0.02	0.00	0.04	0.20	0.15	0.18	0.05	0.15	0.53	0.30	0.94
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	-600.77%	-380.09%	-181.67%	-84.97%	-54.67%	-98.71%	596.92%	527.00%	196.23%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	1,225.49%	1,496.08%	1,049.44%	1,439.29%	1,438.74%	1,171.66%	2,074.14%	1,886.15%	1,593.81%
Net Working Capital to Revenue	0.00%	0.00%	1,116.86%	1,479.86%	1,048.06%	1,438.31%	1,416.08%	1,154.07%	2,066.67%	1,738.22%	1,539.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.14)	$0.00	$0.00	$0.00	($0.12)	$0.00	($0.12)	($1.03)	($0.15)	($0.81)
Adjusted Weighted Average Basic Shares Outstanding	0.00	48.77M	33.07M	51.76M	66.69M	61.53M	55.67M	69.48M	73.01M	88.55M	83.01M
Adjusted Diluted Earnings per Share	$0.00	($0.14)	$0.00	$0.00	$0.00	($0.12)	$0.00	($0.12)	($1.03)	($0.15)	($0.81)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	48.77M	33.07M	51.76M	66.69M	61.53M	55.67M	69.48M	73.01M	88.55M	83.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.14)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	31.15M	33.07M	44.56M	49.14M	71.39M	72.07M	75.06M	91.91M	110.84M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-3.04	-2.76	-2.82	-4.07	-5.22	-3.80	-5.35	-5.57	-8.38	-10	-18
Normalized NOPAT Margin	0.00%	0.00%	-650.35%	-484.36%	-510.64%	-349.69%	-448.41%	-505.32%	-699.13%	-214.27%	-105.13%
Pre Tax Income Margin	0.00%	0.00%	-964.46%	-834.47%	-867.42%	-677.01%	-759.49%	-774.52%	-6,263.80%	-262.19%	-379.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-34.26	-508.48	-128.00	-86.57	-112.46	-102.80	-927.90	-99.40	-255.37
NOPAT to Interest Expense	0.00	0.00	-23.76	-295.21	-75.57	-41.81	-62.96	-63.87	-102.42	-71.73	-67.36
EBIT Less CapEx to Interest Expense	0.00	0.00	-43.89	-598.83	-165.96	-135.87	-128.02	-129.29	-949.88	-120.96	-264.60
NOPAT Less CapEx to Interest Expense	0.00	0.00	-33.38	-385.57	-113.53	-91.11	-78.51	-90.37	-124.40	-93.29	-76.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-3.46%	0.00%	-0.24%	-8.22%	-11.25%	0.00%	-6.83%	-7.93%	-11.24%

Financials Breakdown Chart

Key Financial Trends

ASP Isotopes Inc. (ASPI) has seen a mix of large financing activity and a notable quarterly revenue spike in late 2025, but the company continues to run substantial losses with negative cash flow from operations. Below are the top trends from the last four years of quarterly data, focusing on liquidity, profitability, and balance-sheet changes.

Major financing inflows in Q4 2025: Net Cash From Financing Activities was 264,115,188.0, driven by a large equity issuance (231,103,000.0) and debt issuance (56,853,339.0). This dramatically boosted liquidity.
Significant equity issuance in Q2 2025: Issuance of Common Equity amounted to 60,000,000.0, enhancing the company’s cash position via external financing.
Q4 2025 revenue spike with modest gross profit: Total Revenue 16,659,524.0 and Total Gross Profit 2,082,884.0, yielding a gross margin of about 12.5% for the quarter—an improvement versus earlier periods in 2025.
Balance sheet expansion from equity financing: Total Assets rose to about 225.9 million in Q3 2025, up from mid-2025 levels, reflecting the impact of new equity and other financing on the balance sheet.
Revenue remains lumpy: After a prolonged period of lower, more modest revenue, Q4 2025 shows a sharp spike (16.66M) vs Q1–Q3 2025 (roughly 1.1–4.9M range), suggesting the growth is not yet sustained quarterly-wise.
Debt load remains sizable: Long-Term Debt sits around the high-90s millions (approximately 99.5 million in mid-2025), contributing to a persistent liability burden despite liquidity enhancements.
Operating cash flow remains negative in 2025: Net cash from continuing operating activities was negative across 2025 quarters (Q4 -17.9M, Q3 -8.9M, Q2 -7.9M, Q1 -3.2M), indicating ongoing cash burn before financing activities.
Per-quarter net losses persist in 2025: Net income attributable to common shareholders was heavily negative (Q4 -63.33M; Q3 -12.89M; Q2 -75.06M; Q1 -8.46M), underscoring ongoing profitability challenges.
Operating profitability and other income drivers depress results: Total Operating Income is negative in each quarter (e.g., Q4 -25.02M; Q3 -14.97M; Q2 -11.50M; Q1 -7.69M). In Q4 2025, Other Income / (Expense), net was markedly negative (Total -38.13M pre-tax; -41.37M for the sub-item), amplifying losses.
Dilutive financing risk from large equity issuances: Recurrent, large common-equity issuances (e.g., 60.0M in Q2 2025 and 231.1M in Q4 2025) raise dilution concerns for existing shareholders even though they improve liquidity.

05/09/26 11:07 AM ETAI Generated. May Contain Errors.

ASP Isotopes Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ASP Isotopes' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

ASP Isotopes' net income appears to be on an upward trend, with a most recent value of -$159.84 million in 2025, rising from -$4.95 million in 2022. The previous period was -$32.42 million in 2024. See ASP Isotopes' forecast for analyst expectations on what's next for the company.

ASP Isotopes' total operating income in 2025 was -$59.91 million, based on the following breakdown:

Total Gross Profit: $3.41 million
Total Operating Expenses: $63.31 million

Over the last 3 years, ASP Isotopes' total revenue changed from $0.00 in 2022 to $23.85 million in 2025, a change of 2,384,900,000.0%.

ASP Isotopes' total liabilities were at $235.12 million at the end of 2025, a 444.5% increase from 2024, and a 8,677.1% increase since 2022.

In the past 3 years, ASP Isotopes' cash and equivalents has ranged from $2.39 million in 2022 to $285.56 million in 2025, and is currently $285.56 million as of their latest financial filing in 2025.

Over the last 3 years, ASP Isotopes' book value per share changed from 0.37 in 2022 to 1.84 in 2025, a change of 402.7%.

Related Companies

Financial statements for NASDAQ:ASPI last updated on 4/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ASP Isotopes (ASPI) Financials

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ASP Isotopes (ASPI) Financials

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Quarterly Balance Sheets for ASP Isotopes

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Quarterly Metrics And Ratios for ASP Isotopes

Financials Breakdown Chart

Key Financial Trends

ASP Isotopes Financials - Frequently Asked Questions

When does ASP Isotopes' fiscal year end?

How has ASP Isotopes' net income changed over the last 3 years?

What is ASP Isotopes' operating income?

How has ASP Isotopes' revenue changed over the last 3 years?

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How has ASP Isotopes' book value per share changed over the last 3 years?

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