ASP Isotopes Inc. (ASPI) Stock Analysis
Basic Materials · Chemicals · NasdaqCM
ASP Isotopes Inc. (ASPI) posted $23.85M in revenue for fiscal 2025 (up 475.5% year over year), with a net loss of $175.09M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on ASP Isotopes Inc.
ASP Isotopes Inc. has grown revenue from $0 to $23.85M over the last 4 fiscal years. The most recent year was up 475.5%.
Net margin sits at -734.2%, up 46.1 points year over year on a 14.3% gross margin. It carries about $213.68M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from ASP Isotopes Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
ASP Isotopes Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $0 | $433,026 | $4.14M | $23.85M |
| Gross profit | — | $138,970 | $1.60M | $3.40M |
| Net income | $-4.95M | $-16.29M | $-32.33M | $-175.09M |
| Net margin | — | -3761.0% | -780.3% | -734.2% |
Source: ASP Isotopes Inc. SEC filings (10-K).
ASP Isotopes Inc.: 5 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 2138.5% while revenue rose 475.5% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 1563.6% versus revenue 475.5% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 211.0% over 3 years (35.9M → 111.7M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $226.6M of debt while last year's operating cash flow was negative ($-37.8M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -734.2%).
Explore 4 years of ASP Isotopes Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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ASP Isotopes Inc. financial history by metric
About ASP Isotopes Inc.
ASP Isotopes Inc., a development stage advanced materials company, engages in the production, distribution, marketing, and sale of isotopes in South Africa,Hong Kong, and United States. It operates in two segments, Nuclear Fuels, and Specialist Isotopes and Related Services. The Nuclear Fuels segment focuses on the research and development of technologies and methods used to produce high-assay low-enriched uranium (HALEU) and Lithium-6 for the advanced nuclear fuels target end market. Its Specialist Isotopes and Related Services segment engages in the research and development of technologies and methods used to separate high-value, low-volume isotopes, such as C-14, Mo-100 and Si-28, for target end markets, including pharmaceuticals and agrochemicals, nuclear medical imaging, and semiconductors; provision of related services; and operation of PET labs. The company offers the Aerodynamic Separation Process (ASP) technology, which separates gas species and isotopes in a volatile state; and the Quantum Enrichment (QE) technology, which separates isotopes. It also produces and commercializes Molybdenum-100, Molybdenum-98, and Ytterbium-176 for the nuclear medical industry. In addition, the company develops Zinc-68, Nickel-64, and Xenon-129/136 for the nuclear medical industry; Lithium-7, Uranium-235, and Chlorine-37 for the energy industry; and Germanium-70/72/74 for semiconductor markets. The company was incorporated in 2021 and is based in Dallas, Texas.
ASP Isotopes Inc. — frequently asked questions
What is ASP Isotopes Inc.'s revenue?
ASP Isotopes Inc. (ASPI) reported revenue of $23.85M for fiscal year 2025, up 475.5% from the prior year, according to its SEC filings.
Is ASP Isotopes Inc. profitable?
No — ASPI reported a net loss of $-175.09M in fiscal 2025.
What is ASPI's P/E ratio?
ASP Isotopes Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does ASP Isotopes Inc. have?
As of fiscal year 2025, ASPI carried roughly $213.68M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is ASP Isotopes Inc.'s gross margin?
ASPI's gross margin was 14.3% in fiscal 2025 — gross profit of $3.40M on revenue of $23.85M.
What is ASP Isotopes Inc.'s market cap?
ASP Isotopes Inc. (ASPI) has a market capitalization of about $757.31M, based on the latest data in our nightly-refreshed cache.
When does ASP Isotopes Inc.'s fiscal year end?
ASPI's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from ASP Isotopes Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.