Aspen Technology, Inc.

aspentech.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Feb 4, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Sells industrial software for energy and chemical companies, utilities, and other asset-intensive businesses to design, operate, and maintain industrial assets.

How Did They Make Money?

Customers pay for licenses and solutions, maintenance, and services according to contractual billing schedules.

FY2024 revenue

Who Were Their Customers?

AspenTech sells mainly through its direct field sales team; Emerson resells products, and solution sales partners sell alongside AspenTech or through their own channels.

Did Revenues Turn Into Profits?

Not on paper. It lost $9.8M in FY2024, but brought in more cash than it spent: $335.5M of free cash flow.

Operating income, FY2024

−8% of revenue

▼ −51% (Loss) vs FY2023 (−$183.1M, −18%)

Net income, FY2024

−1% of revenue

▼ −91% (Loss) vs FY2023 (−$107.8M, −10%)

Free cash flow, FY2024

30% of revenue

▲ +15% vs FY2023 ($292.6M, 28%)

How Were They Changing?

Since the FY2024 annual report

Latest quarter: Q2 FY2025, the three months to Dec 31, 2024

Revenue: ▲ +18%; vs $257.2M in Q2 FY2024
Net income: ▲ Now profitable; vs −$21.5M in Q2 FY2024

Mar 12, 2025 AspenTech became a wholly owned subsidiary The company said its shares would no longer be listed on Nasdaq.
Jan 27, 2025 Emerson agreed to acquire AspenTech's remaining shares The agreement called for a cash tender offer, followed by a merger.

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