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Companies / Materials / ASP Isotopes Inc.
ASPI

ASP Isotopes Inc.

MaterialsChemicals
Ticker ASPIDALLAS, TXFiscal year ends DecemberBook value per share $2.17Diluted shares 121.9M

ASP Isotopes Inc. (NASDAQ: ASPI) is an advanced materials company dedicated to developing differentiated isotope enrichment technologies and producing critical materials for nuclear medicine, semiconductors, and nuclear energy applications. The company operates through three reportable segments: nuclear fuels,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$23.85M
+475.5% year over year
Last 12 mo $30.85M
-251.20%
+384.7 percentage points
Last 12 mo -321.12%
$-159.84M
−393.0% year over year
Last 12 mo $-117.34M
-78.30%
−10.6 percentage points
Last 12 mo -44.33%
Cash & financing
$-37.78M
−126.3% year over year
Last 12 mo $-67.80M
$-47.43M
−69.0% year over year
Last 12 mo $-83.58M
1.05
Was 0.76× a year earlier
Last 12 mo 1.00
83.0M
+49.1% year over year
Last 12 mo 121.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ASP Isotopes Inc. does

In the company’s own words

ASP Isotopes Inc. (NASDAQ: ASPI) is an advanced materials company dedicated to developing differentiated isotope enrichment technologies and producing critical materials for nuclear medicine, semiconductors, and nuclear energy applications. The company operates through three reportable segments: nuclear fuels, specialist isotopes and related services, and construction services.

The company's core technology platform consists of two proprietary enrichment processes: the Aerodynamic Separation Process (ASP technology) and Quantum Enrichment technology (QE technology). ASP Isotopes has commenced commercial production at enrichment facilities in Pretoria, South Africa, with initial focus on producing enriched Carbon-14, Silicon-28, and Ytterbium-176. The company targets commercial shipments of enriched C-14 in mid-2026, Si-28 in the second quarter of 2026, and Yb-176 in mid-2026 or the third quarter of 2026. The company believes enriched C-14 can be used in pharmaceutical and agrochemical development, Si-28 in advanced semiconductors and quantum computing, and Yb-176 in radiotherapeutics for oncology treatment.

Through its Quantum Leap Energy subsidiary, ASP Isotopes is pursuing uranium enrichment initiatives in South Africa to produce high-assay low-enriched uranium (HALEU) for small modular reactors and advanced reactor designs. The company has entered into agreements with TerraPower, including a term loan and supply agreements for HALEU production.

In January 2026, ASP Isotopes acquired Renergen Limited, South Africa's leading onshore natural gas explorer and integrated producer of liquid helium and liquified natural gas (LNG). Renergen holds a 94.5% stake in Tetra4, which operates the Virginia Gas Project spanning over 187,000 hectares in South Africa's Free State Province. The project benefits from natural gas with average helium concentrations exceeding 3 percent.

The company also holds investments in early-stage drug development companies including IsoBio and Opeongo, acquired East Coast Nuclear Pharmacy in October 2025, and holds a controlling interest in Skyline Builders Group Holding Limited through QLE, which operates civil engineering services in Hong Kong. ASP Isotopes is planning to separate its nuclear fuels business into an independent public company through a listing of Quantum Leap Energy.

Company details
Sector
Materials
Industry
Chemicals
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1921865
SIC
2890

Financial performance, year by year

Fiscal 2022–2025 · USD
$-178.91M$-121.70M$-64.50M$-7.29M$49.92M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ASP Isotopes Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

111
funds hold it
1 of 35
superinvestors hold it
$122.06M
held by funds, at market
12.3%
of shares held by funds

Superinvestors in ASP Isotopes Inc. · what they did last quarter

Polen CapitalINCREASED +21.6%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · ASP Isotopes Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Range Nuclear Renaissance Index ETF
NUKZ · EXCHANGE TRADED CONCEPTS TRUST
1.98%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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