Company Analysis

ASP Isotopes Inc. (ASPI)

Nasdaq: ASPI · Miscellaneous Chemical Products · Washington, DC · filing with the SEC since 2022
Grade3.4
◀ Past 3.7● Present 0.9▶ Future 6.4
1 est.

The grade of ASP Isotopes Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past3.730% of the headline
● Present0.940% of the headline
▶ Future6.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.2/10

Has it survived what it has been through?

9 warning events since 2022; the latest 2026-05-15.

weight 33% of this tense · 22nd percentile among 9 sector filers · read for itself

From the record

ASP Isotopes Inc.'s filings since 2022 show 9 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-05-10); a late-report notice (Form NT 10-K or NT 10-Q, 8 times, the latest 2026-05-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.3/10

What has it actually done, year after year?

4 filed years; profitable in 0 of 4.

weight 45% of this tense · 63rd percentile among 9 sector filers · read for its customers

From the record

ASP Isotopes Inc.'s 4 filed years say what it did: it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 11% of its family
  • the share of filed years with a profitbottom 11% of its family
  • the deepest fall from a revenue peak0.0%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 9 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ASP Isotopes Inc.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 6% of 9 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

0.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
0.8/10

Is it financially healthy right now?

ROE -78%: lost 78¢ per shareholder dollar. Leverage 59%: owes 59¢ per asset dollar.

weight 45% of this tense · 8th percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ASP Isotopes Inc. lost about 78 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count grew 49.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 17% of its family
  • return on equitybottom 6% of its family
  • gross profit against assetsbottom 6% of its family
  • the share count against the year beforebottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.1/10

How strong is its position in its industry?

bottom 11% of 9 in its family; net margin -670.2%.

weight 33% of this tense · 11th percentile among 9 sector filers · read for its customers

From the record

ASP Isotopes Inc.'s standing among 9 graded names in its industry family: revenue of $24 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of -670.2% ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$23.8Mbottom 6% of its family
  • net margin-670.2%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
0.7/10

What are the people in charge doing?

bottom 7% of 7 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 7th percentile among 7 sector filers · read for its shareholders

From the record

ASP Isotopes Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mann, Paul Elliot (Chairman and CEO, as filed), filing under that title since 2026-06-03, 5 months (bottom 6% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 7%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 7%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 9 peoplebottom 7% of its family
  • the median years the people in charge have filed3.1 yearsbottom 7% of its family
  • the chief executive's years on the record5 monthsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 8 in its family for room to expand.

weight 45% of this tense · 50th percentile among 8 sector filers · read for itself

From the record

ASP Isotopes Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $286 million against debt of $14 million leaves 54.5% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -198.9% of revenue (bottom 6%); a gross margin of 14.3% (bottom 6%); research spending of 51.8% of revenue (top 6%) (its annual report).

What it rests on

  • cash less debt against assets54.5%top 6% of its family
  • cash from operations less capital spending against revenue-198.9%bottom 6% of its family
  • gross margin14.3%bottom 6% of its family
  • research spending against revenue51.8%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
9.1/10

What could actually drive growth from here?

top 9% of 9 in its family for growth drivers.

weight 33% of this tense · 91st percentile among 9 sector filers · read for its customers

From the record

ASP Isotopes Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 476.2% (top 6%); research spending grew 113.3% a year (top 6%); capital spending grew 29.2% a year (top 17%) (its annual reports). ASP Isotopes Inc. reported 2 product lines in fiscal 2025: Construction at $18 million (76%), Product at $6 million (24%); 1 of 1 grew against the year before (its annual report).

What it rests on

  • the newest year's revenue growth476.2%top 6% of its family
  • three-year growth of research spending113.3%top 6% of its family
  • three-year growth of capital spending29.2%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.3/10

Did its newest year beat what its own record pointed to?

top 47% of 8 in its family for expectations against reality.

weight 22% of this tense · 53rd percentile among 8 sector filers · read for its shareholders

From the record

ASP Isotopes Inc.'s newest year against its own record: net income of $160 million against a prior three-year average of $18 million (bottom 13%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 6%) (its annual reports).

What it rests on

  • net income against the prior three years' averagefive times below its prior average or morebottom 13% of its family
  • net margin against its prior averageup more than 100 pointstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ASPI · research, not advice