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ASP Isotopes Inc.

ASPI

Basic Materials · 3.60 -5.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

ASP Isotopes Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 29 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Company-5.6% todayVolume comparison unavailable
Market group0 of 29 activeNuclear and Rare Materials · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • ASPI's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if ASPI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Basic Materials · Specialty Chemicals

No new filing conclusion is available. 0 of 29 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ASPI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations319
Usable filing statements85
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +475.5% year over year.
  • Operating margin changed +384.8 percentage points in the latest annual period.
  • Net margin changed +112.2 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 49.1% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

3.60
6m-32.6%12m-64.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-12-31$0
2023-12-31$433,026$-0.49
2024-12-31$4.1M+857.0%$-0.63
2025-12-31$23.8M+475.5%$-2.11+49.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
1, 2026 was $1.8 million, which includes interest income of $3.0 million and income from a change in the fair value of our investments of $1.1 million, partially offset by an expense of $0.6 million due to change in fair value of the convertible notes payable…
10-Q · May 20, 2026
Foreign exchangenegative · 3 filings
Other expense for the three months ended March 31, 2025 was $0.6 million, which includes a $1.0 million change in fair value of the convertible notes payable issued in March and June 2024 and a foreign exchange transaction loss of $0.1 million, partially offs…
10-Q · May 20, 2026
Demand and volumemixed · 2 filings
As part of ongoing work orders, Skyline may advance payments to subcontractors primarily due to projects that necessitate substantial cash flows for the procurement of materials required to achieve milestone and the set up of new work stages, which is include…
10-K · Apr 10, 2026
Product pipeline and R&Dnegative · 2 filings
This increase is partially offset by: • a decrease in consulting and professional fees of $274,191 due to decreased outsourced development activity for new specialty isotopes; and • a decrease in other expenses of $151,705 primarily related to other general r…
10-Q · Nov 19, 2025

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

3.60-5.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ASPI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ASPI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ASPI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SSLSasol LimitedsupplierApr 10, 2026

Sasol Limited is one of the country’s largest energy suppliers and operator of the natural gas pipeline supplying gas from Mozambique into Johannesburg.

LTUMFiling-linked namepartnerAug 14, 2025

In connection with the anticipated spin-out, we entered into a number of agreements with QLE, including a License Agreement, pursuant to which QLE has licensed from us the rights to technologies and methods used to separate Uranium 235 and Lithium 6 (includin…

KAZRFiling-linked nameinvesteeNov 19, 2025

In August 2025, QLE completed an acquisition of Skyline Builders Group Holding Ltd.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ASPI is currently a Follower in the organic co-movement group Nuclear and Rare Materials. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ASPI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.