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Applied Optoelectronics, Inc. (AAOI)

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SEC name APPLIED OPTOELECTRONICS, INC. · CIK 0001158114 · Nasdaq · Semiconductors & Related Devices

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Applied Optoelectronics, Inc. reported revenue of $455.71M. Revenue grew 82.8% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $595.97M.

Key ratios (year ended 2025-12-31)

30.0%
Gross margin
-12.0%
Operating margin
-8.4%
Net margin
-5.2%
Return on year-end equity
82.8%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-14

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$595.97M$455.71M$249.37M$217.65M$222.82M$211.56M$234.62M$190.87M$267.46M$382.33M$260.71M
Cost of Revenue$423.64M$318.80M$187.56M$158.72M$189.19M$173.85M$184.08M$144.67M$179.69M$216.05M$173.76M
Gross Profit$172.33M$136.91M$61.80M$58.92M$33.63M$37.72M$50.54M$46.20M$87.77M$166.28M$86.95M
R&D Expense$107.61M$85.51M$54.95M$35.98M$36.24M$41.22M$43.39M$43.40M$49.90M$35.37M$31.78M
Operating Income-$67.41M-$54.60M-$70.91M-$41.35M-$59.00M-$56.77M-$48.84M-$48.75M-$10.77M$86.95M$23.02M
Depreciation & Amortization$35.30M$27.70M$20.65M$20.43M$23.20M$25.37M$24.73M$24.01M$29.70M$20.38M$14.19M
EBITDA-$32.11M-$26.91M-$50.26M-$20.92M-$35.80M-$31.39M-$24.11M-$24.73M$18.93M$107.33M$37.21M
Net Income-$57.02M-$38.23M-$186.73M-$56.05M-$66.40M-$54.16M-$58.45M-$66.05M-$2.15M$73.95M$31.23M
EPS (Diluted)n/a-$0.64-$4.50-$1.75-$2.38-$2.01-$2.67-$3.31-$0.11$3.67$1.76
Total Assets$2.30B$1.17B$547.03M$389.19M$408.26M$454.46M$480.81M$466.82M$466.84M$452.95M$322.32M
Total Liabilities$633.17M$434.50M$317.92M$174.32M$223.59M$199.89M$202.91M$193.03M$137.75M$119.67M$94.93M
Long-Term Debtn/a$33.98M$26.68M$23.20M$57.07M$54.69M$52.17M$49.92M$83.92M$49.52Mn/a
Shareholders' Equity$1.67B$733.92M$229.11M$214.87M$184.67M$254.57M$277.89M$273.79M$329.09M$333.28M$227.38M
Cash & Equivalents$499.74M$206.14M$67.43M$45.37M$24.68M$34.66M$43.42M$59.98M$55.65M$82.94M$50.22M
Operating Cash Flow-$131.82M-$174.43M-$69.53M-$7.93M-$14.02M-$11.64M-$44.01M-$1.75M$14.03M$84.28M$57.10M
Capital Expendituresn/a$179.15M$43.41M$9.08M$3.21M$7.98M$15.79M$28.79M$71.85M$66.97M$49.44M
Free Cash Flown/a-$353.58M-$112.93M-$17.01M-$17.23M-$19.62M-$59.80M-$30.54M-$57.83M$17.32M$7.66M
Shares Outstanding84.39M75.00M49.39M38.15M28.62M27.32M25.11M20.14M19.81M19.45M18.40M
Weighted Average Diluted Sharesn/a60.18M41.54M31.94M27.85M26.91M21.87M19.98M19.65M20.14M17.71M
EPS (Basic)n/a-$0.64-$4.50-$1.75-$2.38-$2.01-$2.67-$3.31-$0.11$3.87$1.82

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