Private company

Aspen Technology, Inc.

American computer programming services company based in Bedford2

In its 2024 annual report the company says: “We are a global leader in industrial software focused on helping customers in asset-intensive industries address the dual challenge of meeting the increasing demand for resources from a rapidly growing population while also operating in a more sustainable manner. Our solutions address complex environments where it is critical to optimize across the full asset lifecycle - asset design, operation, and maintenance - enabling customers to run their assets safer, greener, longer, and faster.”6

Last updated Oct 21, 2026.

Overview

$1.1BRevenue, fiscal 20243
-$9.8MNet income, fiscal 20243
  • IndustryServices-Computer Programming Services2
  • HeadquartersBedford, United States2
  • Incorporated inDE4
  • Business address20 Crosby Drive, Bedford, Ma 017304
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI254900545H80W6GA2J082
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 62925092

We are a global leader in industrial software focused on helping customers in asset-intensive industries address the dual challenge (the “Dual Challenge”) of meeting the increasing demand for resources from a rapidly growing population while also operating in a more sustainable manner. Our solutions address complex environments where it is critical to optimize across the full asset lifecycle - asset design, operation, and maintenance - enabling customers to run their assets safer, greener, longer, and faster. Thousands of companies, ranging from multi-national corporations to start-ups, rely on our software to help them run their assets more profitably, resiliently, and sustainably to meet their operational excellence and sustainability goals.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

66.1%Gross margin3
-7.9%Operating margin3
-0.9%Net margin3
8.0%Revenue growth, 20243
-0.1%Return on equity3
$335.5MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue34¢$382.6M
  • Other costs63¢$710.8M
  • Income tax3¢$34.1M

Out of $1.1B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending1¢$4.4M
  • Share buybacks88¢$300.0M
  • Kept or used elsewhere10¢$35.5M

Out of $339.9M of cash from operations.3

Financial statements

Revenue73$1.1B in 2024+275% since 2021
0$500.0M$1.0B$1.5B2021: $300.6M$300.6M20212022: $482.3M$482.3M2022+60%2023: $1.0B$1.0B2023+116%2024: $1.1B$1.1B2024+8%
Gross profit73$744.9M in 2024+441% since 2021
0$200.0M$400.0M$600.0M$800.0M2021: $137.6M$137.6M20212022: $282.4M$282.4M2022+105%2023: $670.6M$670.6M2023+137%2024: $744.9M$744.9M2024+11%
Operating income73-$89.5M in 2024+48% since 2021
-$200.0M-$100.0M0$100.0M2021: -$60.4M-$60.4M20212022: $22.3M$22.3M20222023: -$183.1M-$183.1M20232024: -$89.5M-$89.5M2024−51%
Net income73-$9.8M in 2024−53% since 2021
-$150.0M-$100.0M-$50.0M0$50.0M2021: -$20.6M-$20.6M20212022: $41.9M$41.9M20222023: -$107.8M-$107.8M20232024: -$9.8M-$9.8M2024−91%
Fiscal year20202021202220232024
Revenue$300.6M7$482.3M3$1.0B3$1.1B3
Cost of revenue$163.0M7$199.9M3$373.6M3$382.6M3
Gross profit$137.6M7$282.4M3$670.6M3$744.9M3
Operating expenses$260.1M3$853.7M3$834.4M3
Operating income-$60.4M7$22.3M3-$183.1M3-$89.5M3
Income before tax$24.4M3-$180.6M3-$43.8M3
Income tax-$45.3M7-$17.5M3-$72.8M3-$34.1M3
Net income-$20.6M7$41.9M3-$107.8M3-$9.8M3
Earnings per share-$0.577$1.053-$1.673-$0.153
Earnings per share (diluted)-$0.577$1.053-$1.673-$0.153
Shares (weighted, basic)39.8M shares364.6M shares363.7M shares3
Shares (weighted, diluted)39.8M shares364.6M shares363.7M shares3

Compare Aspen Technology, Inc. with another company

Corporate structure

Aspen Technology, Inc. is part of a group headed by Emerson Electric. 589 entities, 67 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aspen Technology, Inc.

  • Emerson Electric Saint Louis, Missouri, United States
    • Aspen Technology, Inc. Bedford, Massachusetts, United States
      • 1 AGI Mexicana S.A. De C.V. Subsidiary · Mexico
      • 10 Aspen Technology LLC Subsidiary · Russia
      • 11 Aspen Technology Middle East Ltd. Subsidiary · Saudi Arabia
      • 12 Aspen Technology S.A.S. Subsidiary · Colombia
      • 13 Aspen Technology Quebec Inc. Subsidiary · Canada
      • 14 Aspen Technology Regional Headquarters Company Subsidiary · Saudi Arabia
      • 15 Aspen Technology S.L. Subsidiary · Spain
      • 16 Aspen Technology Services Corporation Subsidiary · Delaware, United States
      • 19 AspenTech (Thailand) Ltd. Subsidiary · Thailand
      • 2 Apex Optimisation SRO Subsidiary · Czechia
      • 20 AspenTech Africa (Pty.) Ltd. Subsidiary · South Africa
      • 21 AspenTech Argentina S.R.L. Subsidiary · Argentina
      • 22 AspenTech Australia Holding Pty Ltd Subsidiary · Australia
      • 23 AspenTech Canada Corporation Subsidiary · Canada
      • 24 AspenTech Canada Holdings, LLC Subsidiary · Delaware, United States
      • 25 AspenTech Corporation Subsidiary · Delaware, United States
      • 26 AspenTech de Mexico S. de R.L. de C.V. Subsidiary · Mexico
      • 27 AspenTech Europe B.V. Subsidiary · Netherlands
      • 28 AspenTech Europe, S.A./N.V. Subsidiary · Belgium
      • 29 AspenTech GmbH Subsidiary · Germany
      • 3 Apex Optimisation Technologies B.V. Subsidiary · Netherlands
      • 30 AspenTech Holding Corporation Subsidiary · Delaware, United States
      • 31 AspenTech India Private Ltd. Subsidiary · India
      • 32 AspenTech Japan Co. Ltd. Subsidiary · Japan
      • 33 AspenTech Ltd. Subsidiary · United Kingdom
      • and 49 more
    • Birmingham Sound Reproducers Subsidiary
    • Chloride Group Subsidiary · London, United Kingdom
    • Emerson (China) Subsidiary · Shanghai, People's Republic of China
    • Emerson (Sweden) Subsidiary · Karlstad, Sweden
    • Greenlee Subsidiary · Rockford
    • InSinkErator Subsidiary
    • "EMERSON PROCESS MANAGEMENT" SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA Subsidiary · Warszawa, Poland
    • AE VALVES Subsidiary · Saint Louis, Missouri, United States
    • Aegir Norge Holding AS Subsidiary · Norway
    • Afag Automation AG Subsidiary · Switzerland
    • Afag Automation Technology (Shanghai) Co., Ltd. Subsidiary · China
    • Afag Engineering GmbH Subsidiary · Germany
    • Afag GmbH Subsidiary · Germany
    • Afag Holding AG Subsidiary · Switzerland
    • AGI Mexicana S.A. de C.V. Subsidiary · Mexico
    • ai mo sheng dian qi (ya zhou) you xian gong si (艾默生電氣(亞洲)有限公司) Subsidiary · Kowloon, Hong Kong
    • ALCO Controls Subsidiary · Czechia
    • Alexander Schaeff, Inc. Subsidiary · Delaware, United States
    • Apex Optimisation SRO Subsidiary · Czechia
    • Apple JV Holding Corp. Subsidiary · Delaware, United States
    • APPLETON ELECTRIC LLC Subsidiary · Rosemont, Illinois, United States
    • APPLETON GROUP CANADA, LTD. Subsidiary · Toronto, Ontario, Canada
    • Appleton Grp LLC Subsidiary · Delaware, United States
    • Appleton Holding Corp. Subsidiary · Delaware, United States
    • and 485 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Aspen Technology, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$25.0M3 Jun 30, 2024
Property and equipment, before depreciation$40.6M3 Jun 30, 2024$37.1M3 Jun 30, 2023+9.4%
Accumulated depreciation$23.2M3 Jun 30, 2024$18.4M3 Jun 30, 2023+25.9%
Property and equipment, net$17.4M3 Jun 30, 2024$18.7M3 Jun 30, 2023−6.9%
Operating-lease assets (leased space)$96.0M3 Jun 30, 2024$67.6M3 Jun 30, 2023+42.0%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in827 Jun 30, 2023

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$237.0M3 Jun 30, 2024$241.2M3 Jun 30, 2023−1.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.3B3 Jun 30, 2024$8.3B3 Jun 30, 20230%
Finite-lived intangibles, gross$5.5B3 Jun 30, 2024$5.5B3 Jun 30, 2023+0.2%
Accumulated amortization$1.3B3 Jun 30, 2024$802.4M3 Jun 30, 2023+60.7%
Finite-lived intangibles, net$4.2B3 Jun 30, 2024$4.7B3 Jun 30, 2023−10.2%

Leadership

Who has led Aspen Technology, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Subsidiaries and ownership

Parent company (GLEIF)

Subsidiaries (Exhibit 21)

  • 1 AGI Mexicana S.A. De C.V. Mexico5
  • 10 Aspen Technology LLC Russia5
  • 11 Aspen Technology Middle East Ltd. Saudi Arabia5
  • 12 Aspen Technology S.A.S. Colombia5
  • 13 Aspen Technology Quebec Inc. Canada5
  • 14 Aspen Technology Regional Headquarters Company Saudi Arabia5
  • 15 Aspen Technology S.L. Spain5
  • 16 Aspen Technology Services Corporation Delaware5
  • 19 AspenTech (Thailand) Ltd. Thailand5
  • 2 Apex Optimisation SRO Czech Republic5
  • 20 AspenTech Africa (Pty.) Ltd. South Africa5
  • 21 AspenTech Argentina S.R.L. Argentina5
  • 22 AspenTech Australia Holding Pty Ltd Australia5
  • 23 AspenTech Canada Corporation Canada5
  • 24 AspenTech Canada Holdings, LLC Delaware5
  • 25 AspenTech Corporation Delaware5
  • 26 AspenTech de Mexico S. de R.L. de C.V. Mexico5
  • 27 AspenTech Europe B.V. Netherlands5
  • 28 AspenTech Europe, S.A./N.V. Belgium5
  • 29 AspenTech GmbH Germany5
  • 3 Apex Optimisation Technologies B.V. Netherlands5
  • 30 AspenTech Holding Corporation Delaware5
  • 31 AspenTech India Private Ltd. India5
  • 32 AspenTech Japan Co. Ltd. Japan5
All 74 listed subsidiaries
  • 33 AspenTech Ltd. United Kingdom5
  • 34 AspenTech Norway AS Norway5
  • 35 AspenTech Pte. Ltd. Singapore5
  • 36 AspenTech S.r.l. Italy5
  • 37 AspenTech Software Brasil Ltda. Brazil5
  • 38 AspenTech Software Corporation Delaware5
  • 39 AspenTech Solutions Sdn. Bhd. Malaysia5
  • 4 Argent & Waugh Limited United Kingdom5
  • 41 AspenTech SRL Romania5
  • 42 AspenTech Venezuela C.A. Venezuela5
  • 43 CAMO Smart Software Inc. New Jersey5
  • 44 inmation BNX B.V. Netherlands5
  • 45 inmation Lux S.a.r.l. Luxembourg5
  • 46 inmation UK Ltd. United Kingdom5
  • 47 Open Systems International, Inc. Minnesota5
  • 48 Open Systems International Australia Pty Ltd Australia5
  • 49 Open Systems International Europe SL Spain5
  • 5 Aspen Paradigm Holding LLC Delaware5
  • 50 OSI du Canada Inc. Canada5
  • 51 OSI Energy Automation India Private Limited India5
  • 52 Paradigm (UK) Holding Limited United Kingdom5
  • 53 Paradigm B.V. Netherlands5
  • 54 Paradigm France S.A. France5
  • 55 Paradigm Geophysical (India) Private Limited India5
  • 56 Paradigm Geophysical (Nigeria) Limited Nigeria5
  • 57 Paradigm Geophysical (U.K.) Limited United Kingdom5
  • 58 Paradigm Geophysical B.V. Netherlands5
  • 59 Paradigm Geophysical Corp. Delaware5
  • 6 Aspen Technology (Asia) Inc. Delaware5
  • 60 Paradigm Geophysical de Venezuela C.A. Venezuela5
  • 61 Paradigm Geophysical do Brasil Ltda. Brazil5
  • 62 Paradigm Geophysical Italy SRL Italy5
  • 63 Paradigm Geophysical Limited Israel5
  • 64 Paradigm Geophysical Pty Ltd Australia5
  • 65 Paradigm Geophysical S.A. Argentina5
  • 66 Paradigm Geophysical Sdn. Bhd. Malaysia5
  • 67 Paradigm Geophysical Spain S.L. Spain5
  • 68 Paradigm Geoservices Canada Ltd. Canada5
  • 69 Paradigm Geotechnology (Egypt) S.A.E. Egypt5
  • 7 Aspen Technology Australia Pty. Ltd. Australia5
  • 70 Paradigm Kazakhstan LLP Kazakhstan5
  • 73 PT. Paradigm Geophysical Indonesia Indonesia5
  • 74 Roxar Paradigm, E&P Software Services LLC Russia5
  • 75 Roxar Services AS Norway5
  • 76 Roxar Services OOO Russia5
  • 77 Roxar Software Solutions AS Norway5
  • 78 Roxar Technologies AS Norway5
  • 79 The Fidelis Group, LLC Texas5
  • 8 Aspen Technology Holdings Corporation Delaware5
  • 9 Aspen Technology International, Inc. Delaware5

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Emersub CX, Inc.Jan 11, 2022 to May 16, 20224

Timeline

  1. Mar 17, 20258-K Ended a material agreement26
  2. Mar 12, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer27
  3. Mar 10, 20258-K Entered a material agreement28
  4. Feb 4, 20258-K Results of operations29
  5. Jan 27, 20258-K Entered a material agreement; Other events30
  6. Dec 19, 20248-K Shareholder vote31
  7. Nov 4, 20248-K Results of operations32
  8. Sep 23, 20248-K Executive or director change; Other events33
  9. Aug 6, 20248-K Results of operations; Other events34
  10. Jun 27, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation35
  11. Jun 18, 20248-K Executive or director change36
  12. Jun 18, 20248-K Executive or director change37
  13. May 17, 2022New chief executive Antonio J. Pietri becomes CEO10
  14. Oct 8, 2021Parent Directly consolidated by Emerson Electric2
  15. Oct 8, 2021Founded Aspen Technology, Inc. is founded2

Calendar

When it reported results

  1. Feb 4, 2025Reported quarterly or annual results29
  2. Nov 4, 2024Reported quarterly or annual results32
  3. Aug 6, 2024Reported quarterly or annual results34
  4. May 7, 2024Reported quarterly or annual results38
  5. Feb 6, 2024Reported quarterly or annual results39
  6. Nov 6, 2023Reported quarterly or annual results40
  7. Aug 1, 2023Reported quarterly or annual results41
  8. Apr 26, 2023Reported quarterly or annual results42

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

288 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 37 major events, 151 insider forms, 13 large holders, 75 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. Mar 24, 202515-12G EDGAR
  3. Mar 17, 20258-K EDGAR
  4. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  5. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  6. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  7. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  8. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  9. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  10. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  11. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  12. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  13. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  14. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  15. Mar 13, 20254 PRIMARY DOCUMENT EDGAR
  16. Mar 12, 2025S-8 POS EDGAR
  17. Mar 12, 2025SC 13E3/A SCHEDULE 13E3/A EDGAR
  18. Mar 12, 2025SC 14D9/A EDGAR
  19. Mar 12, 20258-K EDGAR
  20. Mar 12, 2025SCHEDULE 13D/A EDGAR

The 288 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 0 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2024Whelan, Jr. Robert M.DirectorSale1,000$219.10$219.1KForm 4
May 21, 2024Whelan, Jr. Robert M.DirectorSale2,333$219.66$512.5KForm 4
Jun 12, 2023Whelan, Jr. Robert M.DirectorSale3,114$164.56$512.4KForm 4
Feb 28, 2023Chawla ManishSVP, Chief Customer OfficerSale1,293$214.64$277.5KForm 4
Nov 30, 2022Hammond F GSenior VP & General CounselSale2,495$223.75$558.3KForm 4
Nov 21, 2022Pietri Antonio JPresident & CEOSale125,807$234.06$29.4MForm 4
Nov 7, 2022Hammond F GSenior VP & General CounselSale6,121$230.00$1.4MForm 4
Sep 7, 2022Hammond F GSenior VP & General CounselSale4,262$211.57$901.7KForm 4
Sep 2, 2022Hammond F GSenior VP & General CounselSale611$210.58$128.7KForm 4
Sep 1, 2022Hammond F GSenior VP & General CounselSale4,875$206.51$1.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Antonio PietriPresident and Chief Executive Officer$750.0K$11.5M46
2024Chantelle BreithauptFormer Senior Vice President, Chief Financial Officer and Treasurer$228.5K$3.3M46
2024MarkMouritsen Former Senior Vice President and Chief Legal Officer$391.4K$2.3M46
2024Christopher StagnoCorporate Vice President and Chief Accounting Officer$342.5K$945.5K46
2024David BakerSenior Vice President, Chief Financial Officer and Treasurer$35.4K$442.8K46
2023Chantelle BreithauptFormer Senior Vice President, Chief Financial Officer and Treasurer$450.0K$4.0M46
2023MarkMouritsen Former Senior Vice President and Chief Legal Officer$152.2K$3.0M46
2023Antonio PietriPresident and Chief Executive Officer$750.0K$1.4M46
2022Antonio PietriPresident and Chief Executive Officer$468.8K$14.9M46
2022Chantelle BreithauptFormer Senior Vice President, Chief Financial Officer and Treasurer$318.8K$1.2M46
2021Antonio PietriPresident and Chief Executive Officer$600.0K$8.4M46
2021Chantelle BreithauptFormer Senior Vice President, Chief Financial Officer and Treasurer$223.7K$2.8M46

SEC filer profile

How Aspen Technology, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAspen Technology, Inc.1
  • CIK0001897982
  • Employer ID (EIN)87-31008171
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsJune 301
  • Industry code (SIC)7371 Services-Computer Programming Services1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address20 Crosby Drive, Bedford, MA 017301
  • Phone781-221-19391
  • Shares outstanding63,308,360 as of Jan 31, 20259
  • Public float$4.5B as of Jun 30, 20243
  • On EDGAR sinceJan 11, 20221
  • Filings302 in all: 4 (124), 8-K (33), 3 (19), 144 (17), SC 13E3/A (12), UPLOAD (10), 10-Q (9), 4/A (9)1
    All 40 form types

    CORRESP (7), SC14D9C (6), DEFA14A (4), S-4/A (4), SC 13G/A (4), SC 14D9/A (4), SC TO-C (4), DEF 14A (3), SC 13D/A (3), SCHEDULE 13D/A (3), 10-K (2), 8-K12B/A (2), ARS (2), SC 13E3 (2), SEC STAFF LETTER (2), 10-KT (1), 144/A (1), 15-12G (1), 25-NSE (1), 424B3 (1), 425 (1), 8-K/A (1), 8-K12B (1), CT ORDER (1), EFFECT (1), S-4 (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13G (1), SC 14D9 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Aug 13, 2024
    Quarterly report (10-Q) Feb 4, 2025
    Proxy statement (DEF 14A) Oct 24, 2024
    Latest 8-K (8-K) Mar 17, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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