ASP Isotopes Inc. ASPI R2K
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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Earnings shrank at -1146.9% CAGR over 5 years.
- Trading 44.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ASPI ASP Isotopes Inc. R2K | 7.78 | - | $979.53M | - | -34.17% | -103.32% | - | -1,146.90% |
| 2 | LIN Linde plc NDXSPX | 497.69 | 33.00 | $230.11B | 1.29% | 13.07% | 18.23% | 0.62% | 18.48% |
| 3 | NEM Newmont Corporation SPX | 109.81 | 14.24 | $117.23B | 0.95% | 22.51% | 25.83% | 23.91% | 583.84% |
| 4 | FCX Freeport-McMoRan Inc. SPX | 65.71 | 34.77 | $94.46B | 0.91% | 12.93% | 15.63% | 4.39% | -14.02% |
| 5 | SHW The Sherwin-Williams Company SPX | 303.84 | 29.16 | $74.94B | 1.05% | 20.04% | 60.72% | 2.10% | 8.34% |
| 6 | CRH CRH plc SPX | 108.79 | 20.18 | $72.69B | 1.43% | 11.33% | 15.81% | 4.60% | -1.15% |
| 7 | ECL Ecolab Inc. SPX | 256.00 | 34.59 | $72.05B | 1.14% | 14.89% | 22.43% | 4.26% | 23.88% |
| 8 | APD Air Products and Chemicals, Inc. SPX | 278.62 | 29.33 | $62.04B | 2.60% | -0.62% | 12.35% | -1.77% | -39.16% |
| 9 | NUE Nucor Corporation SPX | 250.00 | 24.80 | $56.94B | 0.90% | 8.80% | 12.29% | -7.84% | -38.80% |
Quarterly Results
Figures in USD.
| Metric | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 0 | 0 | 0 | 840.35K | 1.02M | - | - | 1.10M | 1.20M | 4.89M | 16.66M | 4.18M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 775.00K | 626.25K | 4.47M | 14.58M | 2.51M |
| Gross Profit | - | - | - | 0 | 0 | 0 | 278.87K | 421.02K | - | - | 327.00K | 572.10K | 423.18K | 2.08M | 1.67M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 8.28M | 12.54M | 15.39M | 24.39M | 26.55M |
| Operating Income | -858.25K | -827.96K | -1.95M | -3.72M | -4.35M | -3.95M | -5.81M | -7.46M | - | - | -7.95M | -11.97M | -14.97M | -22.30M | -24.89M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | -8.30M | -74.45M | -12.38M | -61.95M | -21.95M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 87.00K | 81.80K | 146.06K | 259.99K | 1.73M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | -8.53M | -75.06M | -12.82M | -63.15M | -26.74M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | -71.00K | 95.24K | 73.63K | 183.85K | -31.00K |
| Net Income | -857.59K | -827.17K | -1.96M | -3.62M | -4.29M | -4.22M | -6.96M | -8.88M | - | - | -8.45M | -75.06M | -12.87M | -78.71M | -6.88M |
| Diluted EPS | - | - | -0.06 | - | - | -0.14 | -0.16 | -0.24 | -0.12 | - | -0.12 | -1.03 | -0.15 | - | -0.06 |
| R&D Expense | 293.05K | 153.39K | 745.46K | 207.33K | 252.88K | 239.20K | 215.13K | 473.30K | 1.03M | - | 1.53M | 879.92K | 3.10M | - | 5.26M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 0 | 433.03K | 4.14M | 23.85M |
| Cost of Revenue | 0 | 294.06K | 2.54M | 20.44M |
| Gross Profit | 0 | 138.97K | 1.60M | 3.40M |
| Operating Expenses | 5.10M | 16.18M | 27.95M | 60.60M |
| Operating Income | -5.10M | -16.04M | -26.35M | -57.19M |
| EBITDA | -4.95M | -16.14M | -31.58M | -157.07M |
| Interest Expense | 0 | 118.55K | 259.00K | 575.00K |
| Pretax Income | -4.95M | -16.30M | -32.31M | -159.56M |
| Tax Provision | 0 | -6.13K | 111.00K | 282.00K |
| Net Income | -4.95M | -16.29M | -32.33M | -175.09M |
| Diluted EPS | -0.18 | -0.49 | -0.63 | -2.11 |
| R&D Expense | 1.27M | 764.58K | 3.14M | 12.36M |
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | 279.30% |
Compounded Profit Growth
| 5 Years: | -1,146.90% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +2.91% |
| 6 Months: | +29.88% |
| 3 Months: | +45.69% |
| 1 Month: | +57.49% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Total Assets | - | - | 12.50M | 27.54M | 94.35M | 498.02M |
| Current Assets | - | - | 3.30M | 10.51M | 65.74M | 399.92M |
| Cash & Equivalents | - | - | 2.39M | 7.91M | 61.89M | 285.56M |
| Inventory | - | - | - | 0 | 66.00K | 1.10M |
| Receivables | - | - | 0 | 216.50K | 707.00K | 17.88M |
| Total Liabilities | - | - | 2.68M | 8.71M | 43.18M | 235.12M |
| Current Liabilities | - | - | 1.94M | 5.67M | 7.06M | 32.70M |
| Long Term Debt | - | - | - | - | 34.87M | 200.79M |
| Total Debt | - | - | 822.20K | 2.14M | 37.74M | 215.96M |
| Total Equity | 0 | - | 9.82M | 16.30M | 47.90M | 204.15M |
| Shares Outstanding | - | - | 35.91M | 48.92M | 72.07M | 111.68M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -2.94M | -5.41M | -16.70M | -37.78M |
| Investing Cash Flow | -4.47M | -2.45M | -11.37M | -110.79M |
| Financing Cash Flow | 6.64M | 13.39M | 82.53M | 371.60M |
| Capital Expenditure | -4.47M | -2.33M | -11.37M | -9.65M |
| Free Cash Flow | -7.41M | -7.74M | -28.07M | -47.43M |
| Net Change in Cash | -772.00K | 5.52M | 54.47M | 223.03M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | - | 32.1% | 38.6% | 14.3% |
| Operating Margin % | - | -3,704.6% | -636.0% | -239.8% |
| Net Margin % | - | -3,761.0% | -780.3% | -734.2% |
| ROE % | -50.4% | -99.9% | -67.5% | -85.8% |
| ROCE % | -48.3% | -73.4% | -30.2% | -12.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 6.61% | 8.33M | $64.79M |
| 2 | Encompass Capital Advisors, LLC | 5.49% | 6.91M | $53.78M |
| 3 | Vanguard Capital Management LLC | 4.02% | 5.06M | $39.37M |
| 4 | Rovida Investment Management Ltd | 3.26% | 4.10M | $31.90M |
| 5 | UBS Group AG | 2.26% | 2.84M | $22.11M |
| 6 | Geode Capital Management, LLC | 2.18% | 2.74M | $21.32M |
| 7 | Alyeska Investment Group, L.p. | 2.14% | 2.69M | $20.95M |
| 8 | State Street Corporation | 1.84% | 2.32M | $18.07M |
| 9 | Exchange Traded Concepts LLC | 1.73% | 2.18M | $16.99M |
| 10 | AWM Investment Company, Inc. | 1.69% | 2.12M | $16.53M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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