v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 279,572 $ 61,890
Short-term investments 47,745 0
Accounts receivable 1,078 707
Inventories 1,098 66
Receivable from noncontrolling interests 0 28
Note receivable 32,005 0
Deferred offering costs 1,782 0
Prepaid expenses and other current assets 4,949 3,053
Current assets of discontinued operations 31,690 0
Total current assets 399,919 65,744
Property and equipment, net 33,291 22,354
Operating lease right-of-use assets, net 1,464 1,122
Deferred tax assets 0 32
Intangible assets 409 0
Goodwill 5,177 3,168
Lease receivable - noncurrent 426 0
Other investments 8,080 0
Other noncurrent assets 866 1,928
Noncurrent assets of discontinued operations 48,388 0
Total assets 498,020 94,348
Current liabilities:    
Accounts payable 3,814 1,021
Accrued expenses 4,414 2,276
Debt - current 584 939
Finance lease liabilities - current 167 126
Operating lease liabilities - current 544 558
Deferred revenue 882 882
Other current liabilities 501 1,257
Current liabilities of discontinued operations 21,790 0
Total current liabilities 32,696 7,059
Convertible notes payable, at fair value 199,323 33,433
Debt - noncurrent 1,471 1,441
Finance lease liabilities - noncurrent 471 560
Operating lease liabilities - noncurrent 1,059 688
Noncurrent liabilities of discontinued operations 102 0
Total liabilities 235,122 43,181
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 111,677,771 and 72,068,059 shares issued and outstanding as of December 31, 2025 and 2024, respectively 1,117 721
Additional paid-in capital 431,757 105,515
Accumulated deficit (231,265) (56,173)
Accumulated other comprehensive income (loss) 2,542 (2,164)
Total stockholders' equity attributed to ASP Isotopes Inc. stockholders 204,151 47,899
Noncontrolling interests in consolidated subsidiaries 58,747 3,268
Total stockholders' equity 262,898 51,167
Total liabilities and stockholders' equity $ 498,020 $ 94,348