Key Highlights

  • Consensus expects a USD 0.13 loss per share for the quarter ending September 30, 2026, a smaller loss than the USD 0.25 adjusted headline figure posted in the second quarter.
  • Second quarter 2026 Revenue climbed to USD 5.1 million from USD 1.2 million a year before, while Gross Profit rose to USD 1.5 million from USD 0.6 million.
  • Calculated Liquidity of USD 254.9 million at June 30, 2026 combines USD 219.6 million in cash and equivalents with USD 35.3 million in short-term investments.
  • The estimated cost of Phase 2 at the Virginia Gas Project is USD 1.16 billion, and the company is pursuing senior Debt to fund it.

Consensus Points to a Narrower Loss for ASP Isotopes Inc. (NASDAQ:ASPI) This Quarter

The company is scheduled to publish third quarter 2026 results on Monday, November 16, 2026. The consensus figure of a USD 0.13 loss per share relies on one analyst, and it sits below the USD 0.25 adjusted headline loss recorded in the second quarter as well as the USD 0.05 loss of the first quarter. Published market data puts the market Capitalization near USD 310 million, based on 153.31 million shares and a USD 2.02 price on October 26, 2026, while trailing twelve-month Earnings stand at negative USD 0.70 per share and the stock is down 54.1% since August 14.

Revenue Growth and Spending Behind the Last Quarter at ASP Isotopes Inc. (NASDAQ:ASPI)

Operating expenses in the second quarter rose from USD 12.5 million to USD 35.7 million, while the continuing operations loss shrank to USD 34.0 million from USD 75.1 million, largely because Fair Value adjustments on convertible notes were smaller. Acquisitions drove revenue, including the Renergen Business that closed on January 6, 2026 and added helium and LNG production. ASP Isotopes Inc. (NASDAQ:ASPI) deconsolidated Skyline Builders effective March 29, 2026 and kept an 8.6% stake, and it now reports three segments covering specialist isotopes, nuclear fuels, and helium and LNG. Management aims for first commercial shipments of enriched carbon-14, silicon-28 and ytterbium-176 during the second half of 2026, and ASP Isotopes Inc. (NASDAQ:ASPI) reported stable liquid helium output at the Virginia Gas Project on October 26, 2026.

Liquidity, Debt and Funding Needs for the Virginia Gas Project at ASP Isotopes Inc. (NASDAQ:ASPI)

Published Balance Sheet data for ASP Isotopes Inc. (NASDAQ:ASPI) shows USD 269.54 million of total debt and USD 254.90 million of cash, which leaves a calculated net debt of USD 14.65 million. Management says current liquidity should support operations for more than 12 months, though it expects more capital to be necessary for growth projects and for the USD 1.16 billion Phase 2 of the Virginia Gas Project. Key risks are delays in commissioning, isotope shipment timing, reliance on convertible financing, share price swings, fair value movements that distort reported losses, and the chance of execution slippage.

Where Things Stand

ASP Isotopes Inc. (NASDAQ:ASPI) heads into its November 16, 2026 report as a business moving from development toward early commercial production. Revenue for the second quarter reached USD 5.1 million, more than four times the year-earlier USD 1.2 million, yet spending of USD 35.7 million left the continuing operations loss at USD 34.0 million. Management describes USD 254.9 million of liquidity as enough for more than 12 months, while debt of USD 269.54 million and the USD 1.16 billion project phase underline the capital needs. Investors will judge the USD 0.13 per share consensus loss against progress on helium output and isotope shipments, and ASP Isotopes Inc. (NASDAQ:ASPI) will need to show that spending is matched by sales.